XML 59 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net income $ 45,852 $ 27,195 $ 19,626
Adjustments to reconcile net income to net cash flows from operating activities      
Depreciation 7,541 6,651 6,338
Amortization 20,836 19,696 17,389
Deferred income taxes 7,513 11,644 (4,363)
Stock-based compensation expense 11,254 7,790 7,645
Excess tax benefit of stock options exercised (1,879) (140) 114
Other 752 909 943
Changes in operating assets and liabilities, net of impact of acquisitions:      
Billed and accrued receivables, net (21,348) 14,330 (10,365)
Other current assets 4,076 (818) 68
Other noncurrent assets (3,166) (2,259) 1,387
Accounts payable (4,963) (2,318) (1,680)
Accrued employee compensation 1,733 1,483 3,492
Accrued liabilities 803 (7,766) (8,412)
Current income taxes 6,301 (4,224) 6,029
Deferred revenue 14,809 14,715 8,412
Other current and noncurrent liabilities (6,652) (5,580) (2,406)
Net cash flows from operating activities 83,462 81,308 44,217
Cash flows from investing activities:      
Purchases of property and equipment (10,668) (4,957) (2,942)
Purchases of software and distribution rights (8,309) (8,209) (7,529)
Alliance technical enablement expenditures (1,856) (6,183) (6,899)
Purchase of available-for-sale securities (10,000)    
Acquisition of businesses, net of cash acquired (16,850)   (7,047)
Proceeds from transfer of assets under contractual arrangements     1,050
Net cash flows from investing activities (47,683) (19,349) (23,367)
Cash flows from financing activities:      
Proceeds from issuance of common stock 1,273 1,132 1,243
Proceeds from exercises of stock options 4,478 3,147 1,811
Excess tax benefit of stock options exercised 1,879 140 88
Repurchases of common stock   (18,624) (15,000)
Repurchase of restricted stock for tax withholdings (742) (562) (622)
Repayment of revolving credit facility (75,000)    
Proceeds from interim revolving credit facility 75,000    
Repayment of interim revolving credit facility (75,000)    
Proceeds from credit agreement 75,000    
Payments on debt and capital leases (3,820) (1,576) (1,576)
Distribution to noncontrolling interest   (1,232)  
Payment for debt issuance costs (11,789)    
Net cash flows from financing activities (8,721) (17,575) (14,056)
Effect of exchange rate fluctuations on cash (1,270) 1,009 6,157
Net increase in cash and cash equivalents 25,788 45,393 12,951
Cash and cash equivalents, beginning of period 171,310 125,917 112,966
Cash and cash equivalents, end of period 197,098 171,310 125,917
Supplemental cash flow information      
Income taxes paid, net 19,014 24,928 15,202
Interest paid $ 1,783 $ 1,663 $ 3,564