XML 43 R6.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income $ 26,889 $ 5,462
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation 10,588 10,558
Amortization 36,605 30,591
Amortization of deferred debt issuance costs 3,212 2,680
Deferred income taxes (3,961) (12,134)
Stock-based compensation expense 9,291 9,188
Excess tax benefit of stock options exercised (4,407) (4,382)
Gain on sale of available-for-sale securities (24,465)  
Other 1,456 671
Changes in operating assets and liabilities, net of impact of acquisitions:    
Receivables (3,411) (9,279)
Accounts payable (7,016) (3,203)
Accrued employee compensation 7,240 659
Current income taxes (3,635) 4,728
Deferred revenue 2,653 20,337
Other current and noncurrent assets and liabilities (1,106) (7,553)
Net cash flows from operating activities 49,933 48,323
Cash flows from investing activities:    
Purchases of property and equipment (13,408) (8,319)
Purchases of software and distribution rights (8,496) (6,991)
Proceeds from sale of available-for-sale equity securities 35,311  
Other (7,000) (1,500)
Net cash flows from investing activities 6,407 (16,810)
Cash flows from financing activities:    
Proceeds from issuance of common stock 1,524 1,338
Proceeds from exercises of stock options 10,634 4,117
Excess tax benefit of stock options exercised 4,407 4,382
Repurchases of common stock   (70,000)
Repurchase of restricted stock and performance shares for tax withholdings (4,047) (4,533)
Proceeds from revolving credit facility 65,000 50,000
Repayment of revolving credit facility (109,000) (35,000)
Repayment of term portion of credit agreement (39,706) (17,742)
Payments on other debt (10,120) (6,687)
Payment for debt issuance costs   (163)
Distribution to noncontrolling interest   (1,391)
Net cash flows from financing activities (81,308) (75,679)
Effect of exchange rate fluctuations on cash (1,936) 4,089
Net decrease in cash and cash equivalents (26,904) (40,077)
Cash and cash equivalents, beginning of period 77,301 95,059
Cash and cash equivalents, end of period 50,397 54,982
Supplemental cash flow information    
Income taxes paid, net 13,875 13,176
Interest paid $ 18,181 $ 15,630