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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income $ 117,962 $ 94,371
Adjustments to reconcile net income to net cash provided by operating activities:    
Tax benefit from stock-based compensation 17,169 15,688
Depreciation and amortization 24 924
Impairment charges 1,960 (190)
Deferred taxes (35) (41)
Accrued interest on note receivable - related party 15,340 15,680
Deferred rent (benefit)/expense (326) 1,420
Marketable Securities, Realized Gain (Loss) (182)  
Realized loss/(gain) on sale of marketable securities   (52)
Changes in fair value on contingent liability 0 (589)
Provision for Doubtful Accounts 0 7,970
Changes, net of acquisitions, in:    
Accounts receivable (9,787) 10,819
Factor accounts receivable (81,353) (143,766)
Notes receivable - related party (37,167) 8,405
Repayment of Notes Receivable from Related Parties 307 307
Inventories 5,234 4,211
Prepaid expenses, prepaid taxes, deposits and other 18,816 19,825
Increase (Decrease) in Employee Related Liabilities (1,898) 1,437
Increase (Decrease) in Other Accrued Liabilities 39 (1,409)
Net cash provided by operating activities 46,467 35,010
Cash flows from investing activities:    
Capital expenditures (8,164) (11,710)
Purchases of marketable securities (42,531) (39,142)
Repayment of notes receivable 76,373 67,432
Proceeds from Collection of Notes Receivable 0 221
Acquisitions, net of cash acquired 0 (17,396)
Net cash provided by/(used in) investing activities 25,678 (595)
Cash flows from financing activities:    
Proceeds from exercise of stock options (50,881) (73,226)
Payments of Dividends (35,147) 0
Tax benefit from the exercise of options 12,801 11,312
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability (7,000) (7,359)
Net cash (used in) financing activities (80,227) (69,273)
Effect of Exchange Rate on Cash and Cash Equivalents (595) 823
Net (decrease) in cash and cash equivalents (8,677) (34,035)
Cash and cash equivalents – beginning of period 181,214 126,115
Cash and cash equivalents – end of period $ 172,537 $ 92,080