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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net income $ 39,578 $ 51,254
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 18,346 18,432
Amortization of intangible assets 24,967 17,877
Loss on HLSS equity securities and dividends received, net 0 1,854
Change in the fair value of acquisition related contingent consideration 193 (7,346)
Share-based compensation expense 3,569 1,315
Bad debt expense 1,041 2,143
Gain on early extinguishment of debt (5,464) (1,114)
Amortization of debt discount 201 255
Amortization of debt issuance costs 557 585
Deferred income taxes 18 5
Loss on disposal of fixed assets 9 20
Changes in operating assets and liabilities:    
Accounts receivable 3,407 (6,726)
Prepaid expenses and other current assets (6,012) 4,480
Other assets 447 1,338
Accounts payable and accrued expenses (4,454) (28,557)
Other current and non-current liabilities (6,998) (1,008)
Net cash provided by operating activities 69,405 54,807
Cash flows from investing activities:    
Additions to premises and equipment (12,441) (21,421)
Purchase of available for sale securities (48,219) (29,966)
Proceeds received from sale of and dividends from HLSS equity securities 0 28,112
Other investing activities (10) (4)
Net cash used in investing activities (60,670) (23,279)
Cash flows from financing activities:    
Repayment and repurchases of long-term debt (47,751) (17,701)
Proceeds from stock option exercises 986 203
Purchase of treasury stock (19,746) (43,965)
Distributions to non-controlling interests (1,065) (1,347)
Net cash used in financing activities (67,576) (62,810)
Net decrease in cash and cash equivalents (58,841) (31,282)
Cash and cash equivalents at the beginning of the period 179,327 161,361
Cash and cash equivalents at the end of the period 120,486 130,079
Supplemental cash flow information:    
Interest paid 11,694 13,345
Income taxes paid, net 5,618 3,490
Non-cash investing and financing activities:    
Increase (decrease) in payables for purchases of premises and equipment $ 1,369 $ (4,091)