Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities:    
Net income $ 51,948 $ 14,964
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 30,578 28,409
Impairment of goodwill, intangible and other assets 0 42,442
Share-based compensation expense 5,965 6,204
Loss on disposal of property and equipment 701 201
Provision for loss on receivables 1,788 268
Provision for revenue adjustments 2,131 1,570
Deferred income tax 132 661
Excess tax benefit for stock options exercised 0 (137)
Changes in operating assets and liabilities    
Accounts receivable (19,417) (8,000)
Other current assets (1,411) (1,354)
Accounts payable and accrued expenses 5,296 9,380
Net cash provided by operating activities 77,711 94,608
Investing activities:    
Proceeds from disposal of property and equipment 1,497 1,795
Purchases of property and equipment (13,610) (28,725)
Acquisition of business, net of cash acquired (22,500) (11,800)
Other (73) (673)
Net cash used in investing activities (34,686) (39,403)
Financing activities:    
Payments of debt and capital lease obligations (42,715) (41,825)
Proceeds from senior credit facility 55,000 0
Proceeds from exercise of stock options 5,642 7,041
Payments of cash dividends (13,584) (10,987)
Repurchase of common stock (repurchase program) (41,983) (29,986)
Common stock issued under employee stock purchase plan 226 215
Excess tax benefit for stock options exercised 0 137
Cash settlement of share-based awards for minimum tax withholdings (1,699) (1,800)
Net cash used in financing activities (39,113) (77,205)
Net increase (decrease) in cash 3,912 (22,000)
Cash at beginning of period 8,511 33,312
Cash at end of period $ 12,423 $ 11,312