Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities:    
Net income $ 16,660 $ 27,379
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 18,202 14,764
Share-based compensation 3,676 3,329
Gain on disposal of property and equipment (33) (112)
Provision for loss (recovery) on receivables 83 (85)
Provision for revenue adjustments 1,842 1,250
Deferred income (benefit) tax (498) 1,573
Excess tax benefit for stock options exercised (2,365) (907)
Changes in operating assets and liabilities    
Accounts receivable (4,887) (12,727)
Prepaid expenses and other current assets (3,210) (2,429)
Accounts payable and accrued expenses (10,908) 7,180
Net cash provided by operating activities 18,562 39,215
Investing activities:    
Proceeds from disposal of property and equipment 623 462
Purchases of property and equipment (11,962) (33,420)
Acquisition of business, net of cash acquired (62,375) (82,997)
Other (68) (194)
Net cash used in investing activities (73,782) (116,149)
Financing activities:    
Proceeds from term loan 125,000 0
Payments of debt and capital lease obligations (73,263) (9,578)
Proceeds from exercise of stock options 11,351 11,580
Payments of cash dividends (7,433) (7,479)
Repurchase of common stock (repurchase program) 0 (19,985)
Common stock issued under employee stock purchase plan 228 148
Cash settlement of share-based awards for minimum tax withholdings (1,926) (1,083)
Excess tax benefit for stock options exercised 2,365 907
Net cash provided by (used in) financing activities 56,322 (25,490)
Net increase (decrease) in cash 1,102 (102,424)
Cash at beginning of period 41,429 127,367
Cash at end of period $ 42,531 $ 24,943