XML 38 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
CASH FLOW FROM OPERATING ACTIVITIES    
Net income (loss) $ 31,288 $ (680)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,822 1,963
Stock based compensation expense 507 687
Unpaid distributions and gain on sale from equity investment included in net income (50,284) (2,839)
Other non-cash operating activities 218 468
Changes in assets and liabilities    
Trade accounts receivable (499) 428
Other assets (470) (731)
Accrued taxes 16,000 (149)
Accounts payable (27) 253
Other accruals and liabilities 727 419
Net cash used in operating activities (718) (181)
CASH FLOW FROM INVESTING ACTIVITIES    
Capital expenditures (151) (414)
Proceeds from sale of assets 33  
Acquired intangibles (16) (57)
Purchase of seat licenses (74) (333)
Proceeds received in excess of income from equity investments 49,776 2,839
Net cash provided by investing activities 49,568 2,035
CASH FLOW FROM FINANCING ACTIVITIES    
Proceeds from debt 2,443 17,593
Repayments of debt and capital leases (12,422) (16,878)
Payment of fees for acquisition of debt   (119)
Purchase of treasury stock (399) (126)
Dividends (Common and Preferred) (13) (3,333)
Net cash used in financing activities (10,391) (2,863)
Net change in cash and cash equivalents 38,459 (1,009)
Cash and cash equivalents at beginning of period 1,636 1,799
Cash and cash equivalents at end of period 40,095 790
Supplemental disclosure of non-cash investing and financing activities:    
Acquisition of seat licenses and equipment under capital leases $ 365 $ 101