Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.7.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating activities:    
Net income $ 33,793 $ 3,033
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 20,252 19,009
Impairment of goodwill, intangible and other assets 0 42,442
Share-based compensation expense 4,026 4,111
Loss on disposal of property and equipment 507 90
Provision for loss (recovery) on receivables 257 (12)
Provision for revenue adjustments 1,468 1,205
Deferred income tax 794 881
Excess tax benefit for stock options exercised 0 (87)
Changes in operating assets and liabilities    
Accounts receivable (8,658) (1,284)
Other current assets (3,978) (3,536)
Accounts payable and accrued expenses 3,520 (4,646)
Net cash provided by operating activities 51,981 61,206
Investing activities:    
Proceeds from disposal of property and equipment 1,339 1,100
Purchases of property and equipment (4,662) (16,040)
Acquisition of business, net of cash acquired (22,500) (1,700)
Other 512 (601)
Net cash used in investing activities (25,311) (17,241)
Financing activities:    
Payments of debt and capital lease obligations (42,433) (27,883)
Proceeds from senior credit facility 35,000 0
Proceeds from exercise of stock options 4,892 1,094
Payments of cash dividends (9,082) (7,334)
Repurchase of common stock (repurchase program) (11,995) (19,991)
Common stock issued under employee stock purchase plan 226 215
Excess tax benefit for stock options exercised 0 87
Cash settlement of share-based awards for minimum tax withholdings (1,699) (1,786)
Net cash used in financing activities (25,091) (55,598)
Net increase (decrease) in cash 1,579 (11,633)
Cash at beginning of period 8,511 33,312
Cash at end of period $ 10,090 $ 21,679