XML 19 R6.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income $ 20,199 $ 19,935
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation (3,697) (8,319)
Tax benefit from stock-based compensation 5,201 4,525
Depreciation and amortization 0 (609)
Loss on disposal of fixed assets 0 3,045
Impairment charges 2,485 (1,998)
Deferred taxes (16) (19)
Accrued interest on note receivable - related party 4,927 4,758
Deferred rent expense and other liabilities 204 100
Realized gain (loss) on sale of marketable securities 779 (96)
Changes in fair value on contingent liability 0 427
Changes, net of acquisitions, in:    
Accounts receivable 14,270 9,140
Factor accounts receivable 33,022 29,628
Notes receivable - related party 21,724 17,149
Repayment of Notes Receivable from Related Parties 103 103
Inventories (1,501) 1,564
Prepaid expenses, prepaid taxes, deposits and other (17,655) (16,996)
Increase (Decrease) in Employee Related Liabilities (4,367) (3,809)
Increase (Decrease) in Other Accrued Liabilities 902 0
Net cash provided by (used in) operating activities 11,980 (2,446)
Cash flows from investing activities:    
Capital expenditures (4,384) (3,669)
Purchases of marketable securities (3,497) (19,090)
Repayment of notes receivable $ 4,534 21,521
Proceeds from Collection of Notes Receivable  
Acquisitions, net of cash acquired $ 0 (9,129)
Net cash used in investing activities (3,347) (10,367)
Cash flows from financing activities:    
Proceeds from exercise of stock options (14,034) (52,777)
Tax benefit from the exercise of options 3,678 16,807
Payment of contingent liability 3,697 8,319
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability (3,483) 0
Repayments of Secured Debt 0  
Proceeds from Notes Payable   9,469
Net cash used in financing activities (10,142) (18,182)
Net decrease in cash and cash equivalents (1,509) (30,995)
Cash and cash equivalents – beginning of period 72,414 81,450
Cash and cash equivalents – end of period $ 70,905 $ 50,455