XML 75 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
OPERATING ACTIVITIES      
Net Income $ 123,330 $ 111,332 $ 100,711
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 39,571 38,655 37,503
Pension Settlement    1,000  
Provision for deferred income taxes 356 (1,870) 784
Stock based compensation expense 10,427 9,494 7,555
(Gain)/loss on sales/impairments of assets, net (165) (468) 405
Excess tax benefits from share-based payments (3,722) (3,231) (2,367)
Provision for bad debts 10,388 11,095 8,879
Other, net (102) (113) (762)
Changes in assets and liabilities:      
Trade accounts receivables and other accounts receivables (13,617) (16,438) (10,663)
Financed receivables (950) (1,453) (1,855)
Materials and supplies (118) (655) 837
Other current assets (4,613) (1,469) 5,457
Other non-current assets (1,343) 286 1,894
Accounts payable and accrued expenses 4,918 (2,175) 5,695
Unearned revenue 3,561 1,935 (59)
Accrued insurance (1,572) 6,087 3,487
Accrued pension (5,000) (5,203) (4,900)
Long-term accrued liabilities 1,316 (4,890) 2,046
Net cash provided by operating activities 162,665 141,919 154,647
INVESTING ACTIVITIES      
Cash used for acquisitions of companies, net of cash acquired (12,632) (25,030) (11,410)
Purchase of equipment and property (18,632) (19,040) (18,652)
Cash from sales of franchises 102 322 149
Proceeds from sales of assets 372 1,055 759
Net cash used in investing activities (30,790) (42,693) (29,154)
FINANCING ACTIVITIES      
Payments on line of credit borrowings       (26,000)
Cash paid for common stock purchased (13,723) (19,938) (30,215)
Dividends paid (65,658) (64,282) (41,110)
Book overdrafts in bank accounts       (4,500)
Proceeds received upon exercise of stock options 6    69
Principal payments on capital lease obligations       (38)
Excess tax benefits from share-based payments 3,722 3,231 2,367
Net cash used in financing activities (75,653) (80,989) (99,427)
Effect of exchange rate changes on cash (3,088) 570 (704)
Net increase in cash and cash equivalents 53,134 18,807 25,362
Cash and cash equivalents at beginning of year 65,082 46,275 20,913
Cash and cash equivalents at end of year 118,216 65,082 46,275
Supplemental disclosure of cash flow information      
Cash paid for interest       123
Cash paid for income taxes, net 69,354 62,998 51,983
Supplemental Disclosures of Non-Cash Items      
Non-cash (increases) decreases in the minimum pension liability 45,700 (15,400) (24,500)
Non-cash acquisition of assets in business combinations $ 3,300 $ 3,000 $ 800