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, 2018
Jun. 30, 2017
Operating activities:    
Net income $ 42,038 $ 34,246
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 21,052 20,252
Share-based compensation 4,678 4,026
(Gain) loss on disposal of property and equipment (134) 507
Provision for loss on receivables 457 257
Provision for revenue adjustments 1,829 1,468
Deferred income tax 4,494 1,081
Changes in operating assets and liabilities    
Accounts receivable (6,732) (10,484)
Prepaid expenses and other current assets (3,639) (3,978)
Income taxes (1,428) 1,737
Accounts payable and accrued expenses 4,375 2,868
Net cash provided by operating activities 66,990 51,980
Investing activities:    
Proceeds from disposal of property and equipment 4,839 1,339
Purchases of property and equipment (17,606) (4,662)
Acquisition of business, net of cash acquired 0 22,500
Other (347) 513
Net cash used in investing activities (13,114) (25,310)
Financing activities:    
Payments of debt and capital lease obligations (151) (27,933)
Proceeds from senior credit facility 0 35,000
Payments on line of credit 0 (14,500)
Proceeds from exercise of stock options 1,112 4,892
Payments of cash dividends (8,828) (9,082)
Repurchase of common stock (repurchase program) (28,165) (11,995)
Common stock issued under employee stock purchase plan 237 226
Cash settlement of share-based awards for minimum tax withholdings (1,872) (1,699)
Net cash used in financing activities (37,667) (25,091)
Net increase in cash 16,209 1,579
Cash at beginning of period 3,893 8,511
Cash at end of period $ 20,102 $ 10,090