XML 54 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities    
Net income (loss) $ 55,070 $ (44,660)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 49,457 53,074
Amortization of debt issue costs and premium and accretion of discount 2,315 3,136
Write-off of debt issue costs, premium and discount accounted as loss on extinguishment   16,555
Provision for doubtful accounts and sundry losses 1,102 954
Deferred tax benefit (1,486) (6,723)
Share-based compensation 1,314 5,719
Unrealized loss (gain) of indemnification assets 459 (21)
Loss on disposition of property and equipment and other intangibles 23 30
Earnings of equity method investment (905) (823)
Dividend received from equity method investment 326 500
Decrease (increase) in assets:    
Accounts receivable, net 309 9,035
Prepaid expenses and other assets (4,283) (2,591)
Other long-term assets 2,497 (1,928)
(Decrease) increase in liabilities:    
Accounts payable and accrued liabilities (7,357) (18,485)
Income tax payable 1,686 (2,713)
Unearned income 3,271 2,625
Total adjustments 48,728 58,344
Net cash provided by operating activities 103,798 13,684
Cash flows from investing activities    
Net increase in restricted cash (693) (157)
Intangible assets acquired (9,100) (9,591)
Property and equipment acquired (7,463) (7,380)
Proceeds from sales of property and equipment 44 16
Net cash used in investing activities (17,212) (17,112)
Cash flows from financing activities    
Proceeds from initial public offering, net of offering costs of $12,567   112,369
Proceeds from issuance of long-term debt   700,000
Statutory minimum withholding taxes paid on cashless exercises of stock options (1,004) (16,704)
Debt issuance costs   (12,077)
Net decrease in short-term borrowing (42,000) (22,663)
Proceeds from short-term borrowing for purchase of equipment   1,800
Repayment of short-term borrowing for purchase of equipment (1,200)  
Dividends paid (23,547) (8,192)
Tax windfall benefits on exercises of stock options 1,937 1,627
Issuance of common stock, net 314 91
Repayment of other financing agreement (95) (224)
Repayment of long-term debt (14,250) (750,273)
Net cash (used in) provided by financing activities (79,845) 5,754
Net increase in cash 6,741 2,326
Cash at beginning of the period 22,485 25,634
Cash at end of the period 29,226 27,960
Supplemental disclosure of non-cash activities:    
Dividend declared not received from equity method investment 326 500
Foreign currency translation adjustments (6,573) 1,750
Trade payable due to vendor related to software acquired   $ 2,903