Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Statements of Cash Flows

v3.6.0.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities:      
Net income $ 27,670 $ 55,575 $ 61,169
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 38,210 37,157 31,133
Impairment of goodwill, intangible and other assets 42,442 0 0
Share-based compensation 8,334 7,486 6,681
Loss (gain) on disposal of property and equipment 291 (181) (383)
Provision for loss on receivables 258 33 241
Provision for revenue adjustments 2,020 4,793 2,465
Deferred income taxes 3,525 14,531 (3,021)
Tax benefit for stock options exercised (1,732) (5,413) (2,109)
Changes in operating assets and liabilities, net of acquisition of business      
Accounts receivable (9,715) 5,403 (12,193)
Prepaid expenses and other assets 283 (1,378) (280)
Accounts payable and accrued expenses (1,413) (17,513) (199)
Income taxes 20,177 (14,771) 8,156
Net cash provided by operating activities 130,350 85,722 91,660
Investing activities:      
Proceeds from disposal of property and equipment 1,929 1,720 1,947
Purchases of property and equipment (42,186) (40,495) (39,487)
Acquisition of business, net of cash acquired (11,800) (61,878) (90,172)
Other (336) (265) 2
Net cash used in investing activities (52,393) (100,918) (127,710)
Financing activities:      
Proceeds from term loan 0 125,000 0
Payments of debt and capital lease obligations (55,768) (101,352) (9,736)
Proceeds from exercise of stock options 8,148 14,313 13,235
Payments of cash dividends (15,529) (14,821) (14,795)
Repurchase of common stock (repurchase program) (39,983) (19,992) (39,972)
Common stock issued under employee stock purchase plan 442 449 354
Cash settlement of share-based awards for minimum tax withholdings (1,800) (1,931) (1,083)
Tax benefit for stock options exercised 1,732 5,413 2,109
Net cash (used in) provided by financing activities (102,758) 7,079 (49,888)
Net decrease in cash (24,801) (8,117) (85,938)
Cash at beginning of period 33,312 41,429 127,367
Cash at end of period $ 8,511 $ 33,312 $ 41,429