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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 6,113 $ 7,987
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 8,123 7,912
Deferred income taxes 3,428 4,922
Amortization of debt issue costs 369 384
Amortization of syndication contracts 218 190
Payments on syndication contracts (215) (183)
Equity in net income (loss) of nonconsolidated affiliate 68  
Non-cash stock-based compensation 2,060 1,890
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable 13,581 5,583
(Increase) decrease in prepaid expenses and other assets (1,447) (383)
Increase (decrease) in accounts payable, accrued expenses and other liabilities (8,992) (3,876)
Net cash provided by operating activities 23,306 24,426
Cash flows from investing activities:    
Purchases of short-term investments   (30,000)
Purchases of property and equipment and intangibles (7,296) (4,745)
Purchases of investments (2,200)  
Deposits on acquisitions (190)  
Purchase of a business, net of cash acquired (7,489)  
Net cash used in investing activities (17,175) (34,745)
Cash flows from financing activities:    
Proceeds from stock option exercises 526 1,270
Payments on long-term debt (1,875) (1,875)
Dividends paid (5,647) (5,569)
Net cash used in financing activities (6,996) (6,174)
Effect of exchange rates on cash and cash equivalents (18)  
Net increase (decrease) in cash and cash equivalents (883) (16,493)
Cash and cash equivalents:    
Beginning 61,520 47,924
Ending 60,637 31,431
Cash payments for:    
Interest 6,959 7,341
Income taxes 590 464
Supplemental disclosures of non-cash operating, investing and financing activities:    
Capital expenditures financed through accounts payable, accrued expenses and other liabilities 579 $ 654
Contingent consideration included in accounts payable, accrued expenses and other liabilities $ 18,300