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
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities:    
Net income $ 17,741 $ 14,581
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 10,690 10,033
Share-based compensation expense 2,261 1,962
Loss on disposal of property and equipment 82 488
Provision for loss on receivables 134 22
Provision for revenue adjustments 817 718
Deferred income tax 3,713 131
Changes in operating assets and liabilities    
Accounts receivable 805 (1,470)
Other current assets 2,715 2,153
Income taxes 1,768 8,434
Accounts payable and accrued expenses 87 9
Net cash provided by operating activities 40,813 37,061
Investing activities:    
Proceeds from disposal of property and equipment 644 790
Purchases of property and equipment (6,221) (2,652)
Other (91) 128
Net cash used in investing activities (5,668) (1,734)
Financing activities:    
Payments of debt and capital lease obligations (74) (27,857)
Proceeds from senior credit facility 0 13,000
Proceeds from exercise of stock options 0 1,524
Payments of cash dividends (4,413) (4,539)
Repurchase of common stock (repurchase program) (19,993) (9,996)
Cash settlement of share-based awards for minimum tax withholdings (1,823) (1,635)
Net cash used in financing activities (26,303) (29,503)
Net increase in cash 8,842 5,824
Cash at beginning of period 3,893 8,511
Cash at end of period $ 12,735 $ 14,335