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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net (loss) income $ (2,699) $ 311,631 $ 31,386
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 30,799 36,447 36,788
Amortization of intangible assets 28,412 35,367 47,576
Unrealized loss on investment in equity securities 12,972 0 0
Change in the fair value of acquisition related contingent consideration 0 24 (3,555)
Goodwill write-off from business exit (Note 11) 2,640 0 0
Share-based compensation expense 10,192 4,255 6,188
Bad debt expense 2,830 5,116 1,829
Gain on early extinguishment of debt 0 (5,637) (5,464)
Amortization of debt discount 717 301 413
Amortization of debt issuance costs 965 833 1,141
Deferred income taxes (5,791) (297,336) (2,597)
Loss on disposal of fixed assets 727 2,768 1,765
Gain on sale of business (Note 4) (13,688) 0 0
Loss on debt refinancing (Note 14) 4,434 0 0
Changes in operating assets and liabilities, net of effect of acquisition:      
Accounts receivable 14,556 29,965 15,980
Short-term investments in real estate (10,468) (16,380) (13,025)
Prepaid expenses and other current assets 4,617 (5,754) (7,856)
Other assets 2,278 770 1,053
Accounts payable and accrued expenses 1,651 2,576 (9,113)
Other current and non-current liabilities (16,742) (38,864) 24,309
Net cash provided by operating activities 68,402 66,082 126,818
Cash flows from investing activities:      
Additions to premises and equipment (3,916) (10,514) (23,269)
Acquisition of business, net of cash acquired 0 0 (9,409)
Proceeds from the sale of business (Note 4) 15,000 0 0
Purchase of investment in equity securities 0 0 (48,219)
Other investing activities 0 188 0
Net cash provided by (used in) investing activities 11,084 (10,326) (80,897)
Cash flows from financing activities:      
Proceeds from issuance of long-term debt 407,880 0 0
Repayments and repurchases of long-term debt (486,759) (59,761) (50,723)
Debt issuance costs (5,042) 0 0
Proceeds from stock option exercises 3,644 2,374 9,558
Excess tax benefit on stock-based compensation 0 0 4,779
Purchase of treasury shares (40,362) (39,011) (37,662)
Distributions to non-controlling interests (2,819) (2,772) (2,580)
Payment of tax withholding on issuance of restricted shares and stock option exercises (825) (1,164) 0
Net cash used in financing activities (124,283) (100,334) (76,628)
Net decrease in cash, cash equivalents and restricted cash (44,797) (44,578) (30,707)
Cash, cash equivalents and restricted cash at the beginning of the period 108,843 153,421 184,128
Cash, cash equivalents and restricted cash at the end of the period 64,046 108,843 153,421
Supplemental cash flow information:      
Interest paid 24,123 21,210 22,717
Income taxes paid, net 7,136 18,332 18,327
Non-cash investing and financing activities:      
(Decrease) increase in payables for purchases of premises and equipment $ (32) $ (1,311) $ 404