XML 22 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 24,648 $ 51,050
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 27,411 27,521
Amortization of intangible assets 27,143 36,432
Change in the fair value of acquisition related contingent consideration 24 (1,174)
Share-based compensation expense 3,237 4,692
Bad debt expense 3,101 763
Gain on early extinguishment of debt (5,419) (5,464)
Amortization of debt discount 225 307
Amortization of debt issuance costs 625 850
Deferred income taxes 0 17
Loss on disposal of fixed assets 2,776 30
Changes in operating assets and liabilities:    
Accounts receivable 21,543 3,505
Prepaid expenses and other current assets (17,272) (10,167)
Other assets 760 496
Accounts payable and accrued expenses 165 7,005
Other current and non-current liabilities (41,838) (9,828)
Net cash provided by operating activities 47,129 106,035
Cash flows from investing activities:    
Additions to premises and equipment (7,485) (16,525)
Acquisition of businesses, net of cash acquired 0 (9,617)
Purchase of available for sale securities 0 (48,219)
Change in restricted cash (73) 0
Other investing activities 0 266
Net cash used in investing activities (7,558) (74,095)
Cash flows from financing activities:    
Repayment and repurchases of long-term debt (48,600) (49,237)
Proceeds from stock option exercises 2,084 8,876
Purchase of treasury shares (24,995) (34,321)
Distributions to non-controlling interests (2,143) (1,637)
Payment of tax withholding on issuance of restricted shares (1,088) 0
Net cash used in financing activities (74,742) (76,319)
Net decrease in cash and cash equivalents (35,171) (44,379)
Cash and cash equivalents at the beginning of the period 149,294 179,327
Cash and cash equivalents at the end of the period 114,123 134,948
Supplemental cash flow information:    
Interest paid 16,203 17,244
Income taxes paid, net 15,445 14,178
Non-cash investing and financing activities:    
Increase in payables for purchases of premises and equipment $ 52 $ 2,458