XML 60 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities:    
Net loss $ (285) $ (6,473)
Adjustments to reconcile net loss to net cash flows from operating activities    
Depreciation 7,964 6,129
Amortization 23,142 17,204
Provision for doubtful accounts receivable 1,874 1,151
Deferred income taxes (6,776) (3,019)
Stock-based compensation expense 7,724 9,086
Excess tax benefit of stock options exercised (1,681) (2,828)
Other 2,677 (538)
Changes in operating assets and liabilities, net of impact of acquisitions:    
Billed and accrued receivables, net 22,028 6,358
Other current and noncurrent assets 2,046 2,727
Accounts payable (10,731) 3,172
Accrued employee compensation (8,012) (27,856)
Accrued liabilities (7,997) (13,278)
Current income taxes 3,780 (13,411)
Deferred revenue 21,737 3,865
Other current and noncurrent liabilities 141 (356)
Net cash flows from operating activities 57,631 (18,067)
Cash flows from investing activities:    
Purchases of property and equipment (9,050) (3,392)
Purchases of software and distribution rights (4,578) (2,172)
Acquisition of businesses, net of cash acquired (264,202) (275,380)
Other investments   (1,046)
Net cash flows from investing activities (277,830) (281,990)
Cash flows from financing activities:    
Proceeds from issuance of common stock 938 738
Proceeds from exercises of stock options 5,583 13,806
Excess tax benefit of stock options exercised 1,681 2,828
Repurchases of common stock (12,068) (44,064)
Repurchase of restricted stock and performance shares for tax withholdings (5,574) (2,364)
Proceeds from revolver portion of credit agreement   95,000
Proceeds from term portion of credit agreement 300,000 200,000
Repayment of term portion of credit agreement (13,125) (6,250)
Payments for debt issuance costs (9,536) (553)
Payment of acquired debt (7,500)  
Payments on debt and capital leases (4,217) (4,578)
Net cash flows from financing activities 256,182 254,563
Effect of exchange rate fluctuations on cash (4,571) (1,988)
Net increase (decrease) in cash and cash equivalents 31,412 (47,482)
Cash and cash equivalents, beginning of period 76,329 197,098
Cash and cash equivalents, end of period 107,741 149,616
Supplemental cash flow information    
Income taxes paid, net 7,668 17,036
Interest paid $ 7,315 $ 3,891