XML 18 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Unaudited Consolidated Statement Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash Flows from Operating Activities    
Net income $ 43,625 $ 76,554
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 26,656 25,893
Provision for uncollectible accounts receivable 12,953 12,132
Stock option expense 7,738 6,259
Benefit for deferred income taxes (36,175) (5,530)
Potential litigation settlement 90,000  
Noncash early retirement expense   1,747
Amortization of restricted stock awards 933 1,415
Noncash directors' compensation 766 541
Noncash long-term incentive compensation 2,888 837
Amortization of debt issuance costs 387 390
Changes in operating assets and liabilities:    
Decrease in accounts receivable 27,534 8,061
Decrease in inventories 97 213
Increase in prepaid expenses (2,573) (1,646)
Increase/(decrease) in accounts payable and other current liabilities 2,448 (5,471)
Increase in income taxes 12,432 8,587
Increase in other assets (6,238) (5,694)
Increase in other liabilities 6,046 6,835
Excess tax benefit on share-based compensation   (2,974)
Other sources 1,472 204
Net cash provided by operating activities 190,989 128,353
Cash Flows from Investing Activities    
Capital expenditures (50,247) (29,708)
Business combinations (525)  
Other sources/(uses) 116 (114)
Net cash used by investing activities (50,656) (29,822)
Cash Flows from Financing Activities    
Payments on revolving line of credit (203,700) (85,200)
Proceeds from revolving line of credit 183,700 110,200
Purchases of treasury stock (94,640) (102,313)
Dividends paid (12,879) (12,215)
Proceeds from exercise of stock options 11,625 4,625
Change in cash overdrafts payable (8,139) 2,092
Capital stock surrendered to pay taxes on stock-based compensation (7,637) (7,051)
Payments on other long-term debt (6,250) (5,625)
Excess tax benefit on share-based compensation   2,974
Other sources 1,148 540
Net cash used by financing activities (136,772) (91,973)
Increase in Cash and Cash Equivalents 3,561 6,558
Cash and cash equivalents at beginning of year 15,310 14,727
Cash and cash equivalents at end of period $ 18,871 $ 21,285