XML 18 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities:    
Net income $ 3,850 $ 1,533
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 12,860 13,002
Amortization of debt discount 97  
Amortization of debt issuance costs 288 282
Non-cash rental expense, net of non-cash rental income (859) (1,120)
Compensation expense incurred in connection with stock options and common stock grants 329 348
Decrease in deferred tax asset 2,413 518
Net change in certain operating assets and liabilities (1,451) 12,594
Increase in deferred membership costs (750) (1,200)
Landlord contributions to tenant improvements 663 149
Decrease in insurance reserves (589) (330)
Other (447) (368)
Total adjustments 12,554 23,875
Net cash provided by operating activities 16,404 25,408
Cash flows from investing activities:    
Capital expenditures (2,348) (5,335)
Net cash used in investing activities (2,348) (5,335)
Cash flows from financing activities:    
Repayment of 2007 Term Loan Facility   (14,062)
Principal payment on 2011 Term Loan Facility (20,257)  
Proceeds from exercise of stock options 349 117
Tax benefit from stock option exercises 326 20
Net cash used in financing activities (19,582) (13,925)
Effect of exchange rate changes on cash 37 282
Net (decrease) increase in cash and cash equivalents (5,489) 6,430
Cash and cash equivalents beginning of period 47,880 38,803
Cash and cash equivalents end of period 42,391 45,233
Summary of the change in certain operating assets and liabilities:    
Increase in accounts receivable (2,421) (1,729)
Decrease (increase) in inventory 128 (120)
Decrease in prepaid expenses and other current assets 1,215 4,589
(Decrease) increase in accounts payable, accrued expenses and accrued interest (7,082) 687
Change in prepaid corporate income taxes (308) 1,437
Increase in deferred revenue 7,017 7,730
Net change in certain operating assets and liabilities (1,451) 12,594
Supplemental disclosures of cash flow information:    
Cash payments for interest 5,747 9,012
Cash payments for income taxes $ 14 $ 66