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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income $ 8,169 $ 24,648
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 24,743 27,411
Amortization of intangible assets 21,311 27,143
Change in the fair value of acquisition related contingent consideration 0 24
Unrealized loss on investment in equity securities 4,186 0
Share-based compensation expense 6,150 3,237
Bad debt expense 2,408 3,101
Gain on early extinguishment of debt 0 (5,419)
Amortization of debt discount 513 225
Amortization of debt issuance costs 739 625
Deferred income taxes (676) 0
Loss on disposal of fixed assets 723 2,776
Gain on sale of business (13,688) 0
Loss on debt refinancing (Note 11) 4,434 0
Changes in operating assets and liabilities:    
Accounts receivable 4,515 21,543
Prepaid expenses and other current assets (16,880) (17,272)
Other assets 554 760
Accounts payable and accrued expenses 10,774 165
Other current and non-current liabilities (14,325) (41,838)
Net cash provided by operating activities 43,650 47,129
Cash flows from investing activities:    
Additions to premises and equipment (4,207) (7,485)
Proceeds from the sale of business (Note 3) 15,000 0
Net cash provided by (used in) investing activities 10,793 (7,485)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 407,880 0
Repayments and repurchases of long-term debt (436,821) (48,600)
Debt issuance costs (5,042) 0
Proceeds from stock option exercises 3,576 2,084
Purchase of treasury shares (21,771) (24,995)
Distributions to non-controlling interests (1,912) (2,143)
Payment of tax withholding on issuance of restricted shares and stock option exercises (608) (1,088)
Net cash used in financing activities (54,698) (74,742)
Net decrease in cash, cash equivalents and restricted cash (255) (35,098)
Cash, cash equivalents and restricted cash at the beginning of the period 108,843 153,421
Cash, cash equivalents and restricted cash at the end of the period 108,588 118,323
Supplemental cash flow information:    
Interest paid 17,889 16,203
Income taxes paid, net 4,162 15,445
Non-cash investing and financing activities:    
Increase in payables for purchases of premises and equipment $ 12 $ 52