XML 54 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jan. 31, 2012
Jan. 31, 2011
Cash flows from operating activities:    
Net income $ 81,752 $ 75,719
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 24,247 23,089
Allowance for doubtful accounts (99) 280
Impairment of long-lived assets 8,771  
Stock-based compensation 11,028 9,116
Excess tax benefits from stock-based compensation (1,104) (1,043)
(Gain)/loss on sale of property and equipment (963) 2,256
Deferred incomes taxes (9,068) (3,434)
Changes in operating assets and liabilities:    
Accounts receivable (29,549) (28,225)
Vehicle pooling costs 268 9,810
Inventories 498 (817)
Prepaid expenses and other current assets 5,933 (5,157)
Other assets 247 (105)
Accounts payable and accrued liabilities (5,431) 6,030
Deferred revenue 697 (3,682)
Income taxes receivable 3,281 7,534
Income taxes payable (12) 2,234
Other liabilities (148) (282)
Net cash provided by operating activities 90,348 93,323
Cash flows from investing activities:    
Purchases of property and equipment (14,875) (42,335)
Proceeds from sale of property and equipment 761 20,216
Purchases of assets and liabilities in connection with acquisition, net of cash acquired (180) (16)
Net cash used in investing activities (14,294) (22,135)
Cash flows from financing activities:    
Proceeds from the exercise of stock options 6,335 2,861
Excess tax benefit from stock-based payment arrangements 1,104 1,043
Proceeds from the issuance of Employee Stock Purchase Plan shares 1,019 1,077
Repurchases of common stock (135,395) (538,997)
Proceeds from the issuance of long-term debt 125,000 400,000
Debt offering costs (313) (2,023)
Principal payments on long-term debt (18,750)  
Net cash used in financing activities (21,000) (136,039)
Effect of foreign currency translation (1,423) 617
Net increase (decrease) in cash and cash equivalents 53,631 (64,234)
Cash and cash equivalents at beginning of period 74,009 268,188
Cash and cash equivalents at end of period 127,640 203,954
Supplemental disclosure of cash flow information:    
Interest paid 5,221 80
Income taxes paid $ 50,019 $ 38,817