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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income (loss) $ 10,525 $ 13,123
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 7,920 7,018
Deferred income taxes 6,370 8,291
Amortization of debt issue costs 393 404
Amortization of syndication contracts 171 244
Payments on syndication contracts (246) (312)
Non-cash stock-based compensation 1,807 1,303
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable 11,418 (3,632)
(Increase) decrease in prepaid expenses and other assets (283) (1,261)
Increase (decrease) in accounts payable, accrued expenses and other liabilities (4,204) (5,484)
Net cash provided by (used in) operating activities 33,871 19,694
Cash flows from investing activities:    
Purchases of property and equipment and intangibles (8,583) (4,051)
Purchases of a business, net of cash acquired   (15,048)
Net cash provided by (used in) investing activities (8,583) (19,099)
Cash flows from financing activities:    
Proceeds from stock option exercises 1,581 1,739
Payments on long-term debt (1,875) (1,875)
Dividends paid (4,388) (4,464)
Payment of contingent consideration (1,000)  
Net cash provided by (used in) financing activities (5,682) (4,600)
Net increase (decrease) in cash and cash equivalents 19,606 (4,005)
Cash and cash equivalents:    
Beginning 31,260 43,822
Ending 50,866 39,817
Cash payments for:    
Interest 6,090 8,685
Income taxes $ 653 $ 583