XML 36 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities:    
Net income $ 4,408us-gaap_ProfitLoss $ 40,146us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 8,826us-gaap_DepreciationAndAmortization 6,246us-gaap_DepreciationAndAmortization
Amortization of intangible assets 8,891us-gaap_AmortizationOfIntangibleAssets 9,466us-gaap_AmortizationOfIntangibleAssets
Other than temporary impairment loss on HLSS equity securities 3,285us-gaap_ImpairmentOfInvestments 0us-gaap_ImpairmentOfInvestments
Change in the fair value of acquisition related contingent consideration 148us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 0us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
Share-based compensation expense 443us-gaap_ShareBasedCompensation 658us-gaap_ShareBasedCompensation
Bad debt expense 607asps_ProvisionForDoubtfulAccountsCashFlowImpact 1,755asps_ProvisionForDoubtfulAccountsCashFlowImpact
Amortization of debt discount 127us-gaap_AmortizationOfDebtDiscountPremium 46us-gaap_AmortizationOfDebtDiscountPremium
Amortization of debt issuance costs 351us-gaap_AmortizationOfFinancingCosts 242us-gaap_AmortizationOfFinancingCosts
Deferred income taxes (24)asps_DeferredIncomeTaxExpenseBenefitCashFlowImpact 461asps_DeferredIncomeTaxExpenseBenefitCashFlowImpact
(Gain) loss on disposal of fixed assets (19)us-gaap_GainLossOnDispositionOfAssets 96us-gaap_GainLossOnDispositionOfAssets
Changes in operating assets and liabilities:    
Accounts receivable (15,140)us-gaap_IncreaseDecreaseInAccountsReceivable (22,599)us-gaap_IncreaseDecreaseInAccountsReceivable
Prepaid expenses and other current assets 2,413us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (1,847)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Other assets 127us-gaap_IncreaseDecreaseInOtherOperatingAssets (1,014)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable and accrued expenses (27,559)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 7,695us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Other current and non-current liabilities (2,822)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities (5,042)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Net cash (used in) provided by operating activities (15,938)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 36,309us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities:    
Additions to premises and equipment (3,931)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (12,945)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Purchase of HLSS equity securities (29,966)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesEquity 0us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesEquity
Other investing activities (4)us-gaap_PaymentsForProceedsFromOtherInvestingActivities (300)us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash used in investing activities (33,901)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (13,245)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities:    
Repayment of long-term debt (1,486)us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities (994)us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities
Proceeds from stock option exercises 203us-gaap_ProceedsFromStockOptionsExercised 401us-gaap_ProceedsFromStockOptionsExercised
Purchase of treasury stock (3,959)us-gaap_PaymentsForRepurchaseOfCommonStock (35,766)us-gaap_PaymentsForRepurchaseOfCommonStock
Distributions to non-controlling interests (657)us-gaap_PaymentsToMinorityShareholders (653)us-gaap_PaymentsToMinorityShareholders
Net cash used in financing activities (5,899)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (37,012)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net decrease in cash and cash equivalents (55,738)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (13,948)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at the beginning of the period 161,361us-gaap_CashAndCashEquivalentsAtCarryingValue 130,324us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at the end of the period 105,623us-gaap_CashAndCashEquivalentsAtCarryingValue 116,376us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental cash flow information:    
Interest paid 6,655us-gaap_InterestPaid 4,469us-gaap_InterestPaid
Income taxes paid, net 1,520us-gaap_IncomeTaxesPaidNet 201us-gaap_IncomeTaxesPaidNet
Non-cash investing and financing activities:    
(Decrease) increase in payables for purchases of premises and equipment $ (3,638)us-gaap_NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1 $ 684us-gaap_NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1