XML 39 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Operating activities    
Net income (loss) $ (3,455) $ 48,891
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 24,218 26,475
Amortization of other intangible assets 17,293 16,948
Goodwill impairment charge 83,752  
Acquisition-related contingent consideration (6,091) (2,581)
Provision for doubtful accounts 10,404 9,387
Non-cash share-based compensation 22,544 24,465
Non-cash interest expense 2,024 4,505
Other (286) 10
Changes in operating assets and liabilities, net of effects from acquisitions:    
Accounts receivable, billed and unbilled (72,266) (62,466)
Notes receivable (9,644) (20,732)
Prepaid expenses and other assets (2,313) (3,701)
Accounts payable, accrued expenses and other 16,822 5,608
Income taxes 12,989 (5,595)
Accrued compensation 13,198 (33,734)
Billings in excess of services provided (5,383) 6,144
Net cash provided by operating activities 103,806 13,624
Investing activities    
Payments for acquisition of businesses, net of cash received (40,766) (26,453)
Purchases of property and equipment (22,994) (20,534)
Other 24 (1,105)
Net cash used in investing activities (63,736) (48,092)
Financing activities    
Borrowings under revolving line of credit   75,000
Payments of long-term debt (6,000) (156,487)
Purchase and retirement of common stock (48,769) (20,013)
Net issuance of common stock under equity compensation plans 6,208 523
Other (800) (1,982)
Net cash provided by (used in) financing activities (49,361) (102,959)
Effect of exchange rate changes on cash and cash equivalents 432 (68)
Net decrease in cash and cash equivalents (8,859) (137,495)
Cash and cash equivalents, beginning of period 156,785 264,423
Cash and cash equivalents, end of period 147,926 126,928
Supplemental cash flow disclosures    
Cash paid for interest 25,129 31,343
Cash paid for income taxes, net of refunds 23,557 31,968
Non-cash investing and financing activities:    
Issuance of stock units under incentive compensation plans 3,005 3,079
Issuance of common stock to acquire businesses $ 2,883