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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income $ 51,254 $ 94,878
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 18,432 13,375
Amortization of intangible assets 17,877 19,573
Goodwill impairment 0 37,473
Other than temporary impairment loss on HLSS equity securities 3,285 0
Gain on sale of and dividends from HLSS equity securities (1,431) 0
Change in the fair value of acquisition related contingent consideration (7,346) (37,924)
Share-based compensation expense 1,315 1,130
Bad debt expense 2,143 4,250
Gain on early extinguishment of debt (1,114) 0
Amortization of debt discount 255 90
Amortization of debt issuance costs 585 483
Deferred income taxes 5 462
Loss on disposal of fixed assets 20 98
Changes in operating assets and liabilities:    
Accounts receivable (6,726) (24,510)
Prepaid expenses and other current assets 4,480 (5,131)
Other assets 1,338 (2,089)
Accounts payable and accrued expenses (28,557) 21,319
Other current and non-current liabilities (1,008) (11,950)
Net cash provided by operating activities 54,807 111,527
Cash flows from investing activities:    
Additions to premises and equipment (21,421) (30,522)
Purchase of HLSS equity securities (29,966) 0
Proceeds received from sale of and dividends from HLSS equity securities 28,112 0
Other investing activities (4) (294)
Net cash used in investing activities (23,279) (30,816)
Cash flows from financing activities:    
Repayment of long-term debt (17,701) (1,986)
Proceeds from stock option exercises 203 639
Purchase of treasury stock (43,965) (80,702)
Distributions to non-controlling interests (1,347) (1,207)
Net cash used in financing activities (62,810) (83,256)
Net decrease in cash and cash equivalents (31,282) (2,545)
Cash and cash equivalents at the beginning of the period 161,361 130,429
Cash and cash equivalents at the end of the period 130,079 127,884
Supplemental cash flow information:    
Interest paid 13,345 9,074
Income taxes paid, net 3,490 1,561
Non-cash investing and financing activities:    
Decrease in payables for purchases of premises and equipment (4,091) (3,339)
Noncash Investing and Financing Activities Increase (Decrease) in Acquisition of Business Subsequent Working Capital Adjustment $ 0 $ (3,711)