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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income $ 13,402 $ 19,818
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 11,724 11,950
Deferred income taxes 8,887 12,764
Amortization of debt issue costs 579 595
Amortization of syndication contracts 289 262
Payments on syndication contracts (270) (377)
Non-cash stock-based compensation 2,634 2,684
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable 5,804 2,845
(Increase) decrease in prepaid expenses and other assets (952) (1,078)
Increase (decrease) in accounts payable, accrued expenses and other liabilities (3,192) (2,579)
Net cash provided by operating activities 38,905 46,884
Cash flows from investing activities:    
Purchases of short-term investments (30,000)  
Proceeds from maturity of short term investments 30,000  
Purchases of investments (250)  
Purchases of property and equipment and intangibles (6,960) (11,546)
Net cash used in investing activities (7,210) (11,546)
Cash flows from financing activities:    
Proceeds from stock option exercises 1,885 1,814
Payments on long-term debt (2,813) (2,813)
Dividends paid (8,371) (6,591)
Payment of contingent consideration   (1,000)
Net cash used in financing activities (9,299) (8,590)
Net increase in cash and cash equivalents 22,396 26,748
Cash and cash equivalents:    
Beginning 47,924 31,260
Ending 70,320 58,008
Cash payments for:    
Interest 11,040 9,173
Income taxes $ 534 $ 703