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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating activities    
Net income $ 163,658 $ 137,761
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 9,673 8,054
Stock-based compensation 18,299 8,059
Provision for losses on accounts receivable 12,283 9,199
Amortization of deferred financing costs 1,062 1,593
Amortization of intangible assets 36,482 19,239
Amortization of premium on receivables 1,630 1,632
Deferred income taxes 2,032 (2,598)
Equity method investment loss 1,489  
Changes in operating assets and liabilities (net of acquisitions):    
Restricted cash 2,092 5,199
Accounts receivable (197,667) (190,998)
Prepaid expenses and other current assets (8,285) 1,392
Other assets (389) 39,322
Excess tax benefits related to stock-based compensation (18,634) (12,016)
Accounts payable, accrued expenses and customer deposits 133,996 56,874
Net cash provided by operating activities 157,721 82,712
Investing activities    
Acquisitions, net of cash acquired (189,850) (156,956)
Purchases of property and equipment (11,552) (10,108)
Net cash used in investing activities (201,402) (167,064)
Financing activities    
Excess tax benefits related to stock-based compensation 18,634 12,016
Proceeds from issuance of common stock 8,277 12,511
Borrowings on securitization facility, net 75,400 104,000
Deferred financing costs paid (546) (1,967)
Principal payments on notes payable (13,750) (14,375)
Payments on revolver - A Facility (262,377) (70,000)
Borrowings from revolver - A Facility 142,330 55,000
Payments on foreign revolver - B Facility (7,337) (13,821)
Borrowings from foreign revolver - B Facility   26,895
Borrowings from swing line of credit, net 41,522  
Other (371) (175)
Net cash provided by financing activities 1,782 110,084
Effect of foreign currency exchange rates on cash 1,436 (16,476)
Net (decrease) increase in cash and cash equivalents (40,463) 9,256
Cash and cash equivalents, beginning of period 338,105 283,649
Cash and cash equivalents, end of period 297,642 292,905
Supplemental cash flow information    
Cash paid for interest 12,797 8,262
Cash paid for income taxes $ 52,697 $ 60,120