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
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities:    
Net income $ 13,099 $ 4,837
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 9,668 8,684
Share-based compensation 1,952 1,786
Loss (gain) on disposal of property and equipment 93 (149)
Provision for recovery on receivables (196) (19)
Provision for revenue adjustments 799 907
Deferred income tax 5,031 3,045
Excess tax benefit for stock options exercised (38) (2,329)
Changes in operating assets and liabilities    
Accounts receivable 4,245 (2,332)
Prepaid expenses and other current assets 5,258 2,618
Accounts payable and accrued expenses (2,470) (9,589)
Net cash provided by operating activities 37,441 7,459
Investing activities:    
Proceeds from disposal of property and equipment 155 582
Purchases of property and equipment (2,688) (5,229)
Acquisition of business, net of cash acquired (1,700) (62,323)
Other 22 (135)
Net cash used in investing activities (4,211) (67,105)
Financing activities:    
Proceeds from term loan 0 125,000
Payments of debt and capital lease obligations (13,969) (59,116)
Proceeds from exercise of stock options 881 10,139
Payments of cash dividends (3,678) (3,714)
Repurchase of common stock (repurchase program) (9,995) 0
Repurchase of common stock (restricted stock) (1,782) (1,926)
Excess tax benefit for stock options exercised 38 2,329
Net cash (used in) provided by financing activities (28,505) 72,712
Net increase in cash 4,725 13,066
Cash at beginning of period 33,312 41,429
Cash at end of period $ 38,037 $ 54,495