XML 17 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities:    
Net income (loss) $ 55,498 $ (26,455)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 17,927 14,445
Amortization 35,114 44,562
Amortization of debt issuance costs 2,407 2,486
Impairment loss 0 2,778
Excess tax benefit from stock-based compensation (4,728) (7,970)
Stock-based compensation expense 26,981 25,169
Deferred income tax expense (benefit), net 5,554 (13,702)
Provision for losses on accounts receivable 6,462 5,490
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (13,808) (13,279)
Prepaid expenses and other current assets (1,398) 263
Deposits and other assets 473 411
Accounts payable and other liabilities 12,864 30,085
Deferred revenue 386 5,433
Net cash provided by operating activities 143,732 69,716
Investing activities:    
Proceeds from sale and settlement of investments 4,700 1,900
Purchases of property and equipment and other assets (11,692) (27,953)
Acquisitions, net of cash acquired (10,443) (177,476)
Net cash used in investing activities (17,435) (203,529)
Financing activities:    
Payments of long-term debt (20,000) (15,000)
Excess tax benefit from stock-based compensation 4,728 7,970
Repurchase of restricted stock to satisfy tax withholding obligations (14,573) (15,816)
Proceeds from exercise of stock options and employee stock purchase plan 4,791 5,350
Net cash used in financing activities (25,054) (17,496)
Effect of foreign currency exchange rates on cash and cash equivalents (962) (194)
Net increase (decrease) in cash and cash equivalents 100,281 (151,503)
Cash and cash equivalents at the beginning of period 421,818 527,012
Cash and cash equivalents at the end of period $ 522,099 $ 375,509