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Consolidated Statement of Cash Flows Statement - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Flows from Operating Activities:    
Net Income $ 8,300 $ 13,980
Income from discontinued operations 0 2,040
Income from continuing operations 8,300 11,940
Adjustments to reconcile net income to net cash used for operating activities:    
Loss on dispositions of property and equipment (590) (100)
Depreciation 5,940 5,080
Amortization of intangible assets 5,100 5,360
Amortization of debt issue costs 340 510
Deferred income taxes (20) 280
Non-cash compensation expense 1,970 1,980
Tax effect from stock based compensation 620 (200)
Increase in receivables (11,210) (7,310)
(Increase) decrease in inventories 330 (1,930)
(Increase) decrease in prepaid expenses and other assets 7,700 (2,280)
Decrease in accounts payable and accrued liabilities (23,660) (7,980)
Other, net 660 (1,690)
Net cash provided by (used for) operating activities of continuing operations, net of acquisition impact (3,340) 3,860
Net cash used for operating activities of discontinued operations 0 (27,130)
Net cash used for operating activities, net of acquisition impact (3,340) (23,270)
Cash Flows from Investing Activities:    
Capital expenditures (5,980) (5,690)
Net proceeds from disposition of property and equipment 120 520
Net cash used for investing activities of continuing operations (5,860) (5,170)
Net cash used for investing activities of discontinued operations 0 (2,200)
Net cash used for investing activities (5,860) (7,370)
Cash Flows from Financing Activities:    
Repayments of borrowings on term loan facilities (3,470) (5,860)
Proceeds from borrowings on revolving credit and accounts receivable facilities 117,130 289,440
Repayments of borrowings on revolving credit and accounts receivable facilities (97,220) (245,880)
Payments for deferred purchase price 0 5,400
Shares surrendered upon vesting of options and restricted stock awards to cover tax obligations (650) (2,560)
Proceeds from exercise of stock options 0 430
Tax effect from stock based compensation (620) 200
Net cash provided by financing activities of continuing operations 15,170 30,370
Net cash used for financing activities of discontinued operations 0 (420)
Net cash provided by financing activities 15,170 29,950
Net increase (decrease) for the period 5,970 (690)
At beginning of period 19,450 24,420
At end of period 25,420 23,730
Supplemental disclosure of cash flow information:    
Cash paid for interest 2,980 4,710
Cash paid for taxes $ 1,780 $ 8,340