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Condensed Consolidated Statements of Cash Flows (unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Net income $ 11,717 $ 11,365
Depreciation and amortization 2,788 3,606
Deferred income taxes 161 (413)
Non-cash share-based compensation expense 706 179
Tax benefit from exercise of stock options 56 373
Loss on disposal of property and equipment 1 2
Trade accounts receivable 710 (2,884)
Unbilled revenue (1,230) 33
Prepaid expenses and other (446) (693)
Accounts payable 512 (297)
Accrued expenses, wages, bonuses and profit sharing (241) 1,427
Income taxes receivable and payable (173) (235)
Deferred revenue 777 1,131
Net cash provided by operating activities 15,338 13,594
Purchases of property and equipment (1,561) (1,890)
Net cash used in investing activities (1,561) (1,890)
Payments on notes payable (1,560) (1,410)
Payments on capital lease obligations (81) (89)
Proceeds from exercise of stock options 375 1,058
Common stock withheld from vested restricted shares for payroll tax withholdings (55) (527)
Excess tax benefit from share-based compensation 575 1,353
Payment of dividends on common stock (2,142) (5,299)
Net cash used in financing activities (2,888) (4,914)
Effect of exchange rate changes on cash (241) 154
Increase in cash and cash equivalents 10,648 6,944
Cash and cash equivalents at beginning of period 8,286 8,082
Cash and cash equivalents at end of period 18,934 15,026
Interest expense 286 394
Income taxes $ 6,071 $ 3,897