Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities:    
Net income $ 3,033 $ 16,660
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 19,009 18,202
Impairment of goodwill, intangibles and other assets 42,442 0
Share-based compensation 4,111 3,676
Loss (gain) on disposal of property and equipment 90 (33)
Provision for (recovery) loss on receivables (12) 83
Provision for revenue adjustments 1,205 1,842
Deferred income tax (benefit) 881 (498)
Excess tax benefit for stock options exercised (87) (2,365)
Changes in operating assets and liabilities    
Accounts receivable (1,284) (4,887)
Other current assets (1,796) (3,210)
Accounts payable and accrued expenses (6,386) (10,908)
Net cash provided by operating activities 61,206 18,562
Investing activities:    
Proceeds from disposal of property and equipment 1,100 623
Purchases of property and equipment (16,040) (11,962)
Acquisition of business, net of cash acquired (1,700) (61,878)
Other (601) (565)
Net cash used in investing activities (17,241) (73,782)
Financing activities:    
Proceeds from term loan 0 125,000
Payments of debt and capital lease obligations (27,883) (73,263)
Proceeds from exercise of stock options 1,094 11,351
Payments of cash dividends (7,334) (7,433)
Repurchase of common stock (repurchase program) (19,991) 0
Common stock issued under employee stock purchase plan 215 228
Excess tax benefit for stock options exercised 87 2,365
Cash settlement of share-based awards for minimum tax withholdings (1,786) (1,926)
Net cash (used in) provided by financing activities (55,598) 56,322
Net (decrease) increase in cash (11,633) 1,102
Cash at beginning of period 33,312 41,429
Cash at end of period $ 21,679 $ 42,531