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
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities:    
Net income $ 14,964 $ 32,347
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 28,409 27,601
Impairment of goodwill, intangibles and other assets 42,442 0
Share-based compensation 6,204 5,562
Loss (gain) on disposal of property and equipment 201 (3)
Provision for loss on receivables 268 463
Provision for revenue adjustments 1,570 3,391
Deferred income tax 661 5,546
Excess tax benefit for stock options exercised (137) (2,365)
Changes in operating assets and liabilities    
Accounts receivable (8,000) 866
Other current assets 13,083 (1,531)
Accounts payable and accrued expenses (5,057) (14,562)
Net cash provided by operating activities 94,608 57,315
Investing activities:    
Proceeds from disposal of property and equipment 1,795 1,200
Purchases of property and equipment (28,725) (18,541)
Acquisition of business, net of cash acquired (11,800) (61,878)
Other (673) (598)
Net cash used in investing activities (39,403) (79,817)
Financing activities:    
Proceeds from term loan 0 125,000
Payments of debt and capital lease obligations (41,825) (87,367)
Proceeds from exercise of stock options 7,041 11,351
Payments of cash dividends (10,987) (11,133)
Repurchase of common stock (repurchase program) (29,986) (9,996)
Common stock issued under employee stock purchase plan 215 228
Excess tax benefit for stock options exercised 137 2,365
Cash settlement of share-based awards for minimum tax withholdings (1,800) (1,931)
Net cash (used in) provided by financing activities (77,205) 28,517
Net (decrease) increase in cash (22,000) 6,015
Cash at beginning of period 33,312 41,429
Cash at end of period $ 11,312 $ 47,444