XML 15 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net Income $ 56,561 $ 48,575
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 32,665 26,662
Deferred taxes 13,269 5,757
Compensation expense related to share-based compensation plans 6,318 5,843
Gain on sale of assets (382) (116)
Excess tax benefits from share based compensation (524) (40)
Changes in operating assets and liabilities:    
Restricted investments 545 1,389
Accounts receivable, net (62,324) 6,540
Prepaid taxes (1,609) 13,579
Prepaid expenses and other current assets 1,244 (1,442)
Other assets 961 (56)
Accounts payable 37,080 21,308
Accrued expenses (6,968) 8,337
Non-current liabilities 2,181 (3,505)
Net cash provided by operating activities 79,017 132,831
Cash flows from investing activities:    
Proceeds from sale of equipment 1,573 922
Purchases of property and equipment (59,883) (40,951)
Net cash used in investing activities (58,310) (40,029)
Cash flows from financing activities:    
Proceeds from issuance of debt 36,100 31,376
Repayments of long term debt (25,074) (16,836)
Stock tendered for payments of withholding taxes (2,484) (2,902)
Purchase of treasury stock (100,000) (28,823)
Capital lease payments (1,965) (1,883)
Excess tax benefits from share-based compensation 212 166
Net cash used in financing activities (93,211) (18,902)
Effect of exchange rate changes on cash and cash equivalents (50) (122)
Net (decrease) increase in cash and cash equivalents (72,554) 73,778
Cash and cash equivalents beginning of the period 207,749 109,769
Cash and cash equivalents end of the period 135,195 183,547
Supplemental disclosures of cash paid for:    
Interest 2,636 2,227
Income taxes $ 26,826 $ 6,469