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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash Flows From Operating Activities  
Net income$ 9,021$ 15,360
Non-cash impairment charge6450
Depreciation33,73226,040
Amortization8,4232,887
Provision for bad debt2,559844
Stock based compensation expense1,335539
Pension settlement and curtailment expenses03,964
Excess tax benefits on stock option exercises0(70)
Deferred income taxes6,081152
Net (gain) loss on disposal of equipment(1,035)316
Realized (gain) on sale of directory0(4,000)
Realized loss on disposal of investments27147
Unrealized (gains) losses on investments236(229)
Net (gain) loss from patronage and equity investments1367
Other51576
(Increase) decrease in:  
Accounts receivable(2,876)(4,031)
Materials and supplies1,050707
Income taxes receivable(3,894)5,531
Increase (decrease) in:  
Accounts payable(4,449)(841)
Deferred lease payable319237
Income taxes payable0512
Other prepaids, deferrals and accruals3,2834,989
Net cash provided by operating activities54,52153,697
Cash Flows From Investing Activities  
Purchase and construction of property, plant and equipment(52,505)(33,940)
Cash paid for acquisition of business0(147,613)
Cash received on sale of directory04,000
Cash paid to acquire prepaid subscriber rights0(6,884)
Proceeds from sale of assets1,1700
Proceeds from sale of equipment60503
Purchase of investment securities(84)(114)
Proceeds from sale of investment securities44454
Net cash used in investing activities(50,915)(183,994)
Cash Flows From Financing Activities  
Principal payments on long-term debt(9,115)(25,595)
Amounts borrowed under debt agreements0189,800
Cash paid for debt issuance costs0(3,445)
Excess tax benefits on stock option exercises070
Repurchases of stock(92)0
Proceeds from exercise of incentive stock options10557
Net cash used in financing activities(9,197)161,387
Net increase (decrease) in cash and cash equivalents(5,591)31,090
Cash and cash equivalents:  
Beginning27,45312,054
Ending21,86243,144
Cash payments for:  
Interest5,6002,392
Income taxes$ 5,447$ 5,225