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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net income $ 79,972 $ 54,327
Depreciation of property and equipment 1,203 644
Amortization of trademarks and other intangibles 3,639 4,224
Amortization of deferred financing costs 3,769 1,142
Amortization of convertible note discount 8,868 7,345
Stock-based compensation expense 4,946 4,632
Gain on re-measurement of equity investment (21,465)  
Provision for doubtful accounts 883 1,983
Accrued interest on long-term debt 1,944 1,930
Net earnings on equity investments in joint ventures (3,138) (2,217)
Realization of cash flow hedge   134
Deferred income taxes 16,679 7,464
Changes in operating assets and liabilities, net of business acquisitions:    
Accounts receivable (1,214) 1,639
Other assets - current 12,997 (3,253)
Other assets 14,075 3,869
Deferred revenue 4,216 (7,546)
Accounts payable and accrued expenses (13,070) 6,170
Net cash provided by operating activities 114,304 82,487
Cash flows used in investing activities:    
Purchases of property and equipment (2,441) (649)
Acquisition of interest in MG Icon   (4,000)
Payment of expenses related to acquisitions   (1,160)
Net distributions (to) from equity partners (3,855) 1,919
Earn-out payment on acquisition   (799)
Net cash used in investing activities (68,372) (176,761)
Cash flows used in financing activities:    
Proceeds from long-term debt 292,500  
Proceeds from sale of warrants 28,800  
Purchase of convertible note hedges (58,740)  
Deferred financing costs (740)  
Proceeds from exercise of stock options and warrants 1,519 700
Shares repurchased on vesting of restricted stock and exercise of stock options (2,447) (498)
Payment of long-term debt (190,312) (64,051)
Acquisition of interest in MG Icon (4,000)  
Non-controlling interest contribution   16,500
Excess tax benefit from share-based payment arrangements 910 315
Restricted cash - current (427) 3,154
Net cash provided by (used in) financing activities 67,063 (43,880)
Net (increase) decrease in cash and cash equivalents 112,995 (138,154)
Cash, beginning of period 118,635 195,381
Cash, end of period 231,630 57,227
Balance of restricted cash - current 3,727 3,009
Total cash including current restricted cash, end of period 235,357 60,236
Cash paid during the period:    
Income taxes 15,002 12,491
Interest 11,222 10,839
Acquisitions:    
Common stock issued 3,210 9,689
Trademarks
   
Cash flows used in investing activities:    
Acquisition of intangible assets (76) (18)
Hardy Way
   
Cash flows used in investing activities:    
Acquisition of interest (62,000)  
Peanuts Worldwide
   
Cash flows used in investing activities:    
Acquisition of interest   $ (172,054)