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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income $ 89,151 $ 137,993
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 27,637 21,086
Amortization of intangible assets 27,995 29,290
Goodwill impairment 0 37,473
Loss on sale of HLSS equity securities, net of dividends received 1,854 0
Change in the fair value of acquisition related contingent consideration (7,302) (37,924)
Share-based compensation expense 3,258 1,638
Bad debt expense 3,477 4,667
Gain on early extinguishment of debt (1,986) 0
Amortization of debt discount 379 191
Amortization of debt issuance costs 1,045 799
Deferred income taxes 54 464
Loss on disposal of fixed assets 50 98
Changes in operating assets and liabilities:    
Accounts receivable (19,681) (58,725)
Prepaid expenses and other current assets 2,001 (6,525)
Other assets 2,085 (1,656)
Accounts payable and accrued expenses (20,876) 14,968
Other current and non-current liabilities 10 (18,141)
Net cash provided by operating activities 109,151 125,696
Cash flows from investing activities:    
Additions to premises and equipment (27,670) (48,119)
Acquisition of businesses, net of cash acquired 11,193 14,931
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 722 (294)
Net cash used in investing activities (39,995) (63,344)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 0 198,000
Repurchases and repayment of long-term debt (29,087) (3,474)
Debt issuance costs 0 (2,608)
Proceeds from stock option exercises 332 2,523
Purchase of treasury stock (48,971) (208,820)
Distributions to non-controlling interests (2,144) (1,813)
Proceeds from (Payments for) Other Financing Activities 500 0
Net cash used in financing activities (80,370) (16,192)
Net (decrease) increase in cash and cash equivalents (11,214) 46,160
Cash and cash equivalents at the beginning of the period 161,361 130,429
Cash and cash equivalents at the end of the period 150,147 176,589
Supplemental cash flow information:    
Interest paid 19,770 15,049
Income taxes paid, net 6,638 12,112
Non-cash investing and financing activities:    
Acquisition of businesses with restricted shares 14,427  
(Decrease) increase in payables for purchases of premises and equipment (5,326) 482
Decrease in acquisition of businesses from subsequent working capital true-ups $ 0 $ (3,711)