XML 22 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:    
Net income (loss) $ 4,388 $ (957)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 3,515 3,955
Deferred income taxes 2,495 1,842
Amortization of debt issue costs 201 455
Amortization of syndication contracts 122 151
Payments on syndication contracts (158) (325)
Non-cash stock-based compensation 708 872
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable 3,510 1,916
(Increase) decrease in prepaid expenses and other assets (993) (828)
Increase (decrease) in accounts payable, accrued expenses and other liabilities (7,041) (8,692)
Net cash provided by (used in) operating activities 6,747 (1,611)
Cash flows from investing activities:    
Purchases of property and equipment and intangibles (1,918) (2,555)
Net cash provided by (used in) investing activities (1,918) (2,555)
Cash flows from financing activities:    
Proceeds from stock option exercises 1,636 351
Payments on long-term debt (938)  
Dividends paid (2,224)  
Net cash provided by (used in) financing activities (1,526) 351
Net increase (decrease) in cash and cash equivalents 3,303 (3,815)
Cash and cash equivalents:    
Beginning 43,822 36,130
Ending 47,125 32,315
Cash payments (refunds) for:    
Interest 5,420 14,383
Income taxes $ 489 $ 65