XML 53 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities:      
Net income $ 48,846 $ 45,852 $ 27,195
Adjustments to reconcile net income to net cash flows from operating activities      
Depreciation 13,284 7,541 6,651
Amortization 37,497 20,836 19,696
Provision for doubtful accounts receivable 1,431 (101) 3,116
Deferred income taxes 4,775 7,513 11,644
Stock-based compensation expense 15,186 11,254 7,790
Excess tax benefit of stock options exercised (3,543) (1,879) (140)
Other 1,169 752 909
Changes in operating assets and liabilities, net of impact of acquisitions:      
Billed and accrued receivables (61,965) (21,247) 11,214
Other current assets 2,843 4,076 (818)
Other noncurrent assets 2,729 (3,166) (2,259)
Accounts payable 5,981 (4,963) (2,318)
Accrued employee compensation (29,026) 1,733 1,483
Repayment of IBM Alliance agreement liability (20,667)    
Accrued liabilities (7,656) 803 (7,766)
Current income taxes (5,660) 6,301 (4,224)
Deferred revenue (11,816) 14,809 14,715
Other current and noncurrent liabilities (2,673) (6,652) (5,580)
Net cash flows from operating activities (9,265) 83,462 81,308
Cash flows from investing activities:      
Purchases of property and equipment (13,050) (10,668) (4,957)
Purchases of software and distribution rights (3,612) (8,309) (8,209)
Alliance technical enablement expenditures   (1,856) (6,183)
Purchase of available-for-sale securities   (10,000)  
Acquisition of businesses, net of cash acquired (325,232) (16,850)  
Other (1,046)    
Net cash flows from investing activities (342,940) (47,683) (19,349)
Cash flows from financing activities:      
Proceeds from issuance of common stock 1,426 1,273 1,132
Proceeds from exercises of stock options 16,730 4,478 3,147
Excess tax benefit of stock options exercised 3,543 1,879 140
Repurchases of common stock (57,836)   (18,624)
Repurchase of restricted stock for tax withholdings (3,273) (742) (562)
Proceeds from exercises of common stock warrants 11,866    
Cash settlement of common stock warrants (29,596)    
Repayment of credit facility (6,000)    
Proceeds from term portion of credit agreement 200,000    
Repayment of term portion of credit agreement (13,750)    
Payments on other debt and capital leases (7,115) (3,820) (1,576)
Distribution to noncontrolling interest     (1,232)
Payment for debt issuance costs (1,094) (11,789)  
Net cash flows from financing activities 233,901 (8,721) (17,575)
Effect of exchange rate fluctuations on cash (2,465) (1,270) 1,009
Net increase (decrease) in cash and cash equivalents (120,769) 25,788 45,393
Cash and cash equivalents, beginning of period 197,098 171,310 125,917
Cash and cash equivalents, end of period 76,329 197,098 171,310
Supplemental cash flow information      
Income taxes paid, net 28,900 19,014 24,928
Interest paid 8,275 1,783 1,663
Revolving Credit Facility
      
Cash flows from financing activities:      
Repayment of credit facility   (75,000)  
Interim Revolving Credit Facility
      
Cash flows from financing activities:      
Proceeds from credit facility   75,000  
Repayment of credit facility   (75,000)  
Revolver portion of credit agreement
      
Cash flows from financing activities:      
Proceeds from credit facility $ 119,000 $ 75,000