XML 15 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net Income $ 38,637 $ 28,743
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 21,426 17,526
Deferred taxes 7,777 2,489
Compensation expense related to share-based compensation plans 4,245 4,110
Gain on sale of assets (255) (60)
Excess tax benefits from share based compensation 132 (33)
Changes in operating assets and liabilities:    
Restricted investments 1,117 (295)
Accounts receivable, net (12,826) (11,407)
Prepaid taxes (2,977) 13,284
Prepaid expenses and other current assets 2,685 3,030
Other assets 561 216
Accounts payable 24,740 15,132
Accrued expenses (14,031) 8,943
Non-current liabilities 1,211 (1,226)
Net cash provided by operating activities 72,442 80,452
Cash flows from investing activities:    
Proceeds from sale of equipment 1,148 136
Purchases of property and equipment (25,217) (23,716)
Net cash used in investing activities (24,069) (23,580)
Cash flows from financing activities:    
Proceeds from issuance of debt 13,274 18,548
Repayments of long term debt (16,180) (10,938)
Stock tendered for payments of withholding taxes (2,379) (2,877)
Purchase of treasury stock (85,000) (13,419)
Capital lease payments (1,297) (1,243)
Excess tax benefits from share-based compensation (359) 89
Net cash used in financing activities (91,941) (9,840)
Effect of exchange rate changes on cash and cash equivalents (31) (21)
Net (decrease) increase in cash and cash equivalents (43,599) 47,011
Cash and cash equivalents beginning of the period 207,749 109,769
Cash and cash equivalents end of the period 164,150 156,780
Supplemental disclosures of cash paid for:    
Interest 1,762 1,533
Income taxes $ 22,399 $ 618