XML 17 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income $ 7,160 $ 18,892
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 10,008 9,208
Amortization of intangible assets 9,146 12,211
Change in the fair value of acquisition related contingent consideration 8 96
Share-based compensation expense 695 1,877
Bad debt expense 1,903 876
Amortization of debt discount 105 116
Amortization of debt issuance costs 291 322
Loss (gain) on disposal of fixed assets 1,480 (10)
Changes in operating assets and liabilities:    
Accounts receivable 2,880 6,502
Prepaid expenses and other current assets (4,749) (4,970)
Other assets (374) (109)
Accounts payable and accrued expenses (10,177) (12,133)
Other current and non-current liabilities (36,735) (3,844)
Net cash (used in) provided by operating activities (18,359) 29,034
Cash flows from investing activities:    
Additions to premises and equipment (1,944) (5,984)
Purchase of available for sale securities 0 (29,429)
Other investing activities 0 16
Net cash used in investing activities (1,944) (35,397)
Cash flows from financing activities:    
Repayment of long-term debt (1,486) (1,486)
Proceeds from stock option exercises 752 366
Purchase of treasury stock (10,590) (11,691)
Distributions to non-controlling interests (569) (448)
Net cash used in financing activities (11,893) (13,259)
Net decrease in cash and cash equivalents (32,196) (19,622)
Cash and cash equivalents at the beginning of the period 149,294 179,327
Cash and cash equivalents at the end of the period 117,098 159,705
Supplemental cash flow information:    
Interest paid 5,456 6,104
Income taxes paid, net 6,515 3,830
Non-cash investing and financing activities:    
Increase in payables for purchases of premises and equipment $ 2,094 $ 1,030