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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
OPERATING ACTIVITIES:  
Net income$ 22,227$ 13,521
Adjustments to reconcile net income to net cash provided by operating activities - net of acquisitions and divestitures  
Depreciation2,7152,782
Amortization of intangibles4,8054,339
Compensation expense for restricted stock928716
Tax benefit related to exercise of stock options and vesting of restricted stock(194)(408)
Deferred income taxes2,259(223)
Gain on sale of property and equipment0(188)
Changes in operating assets and liabilities, net of assets and liabilities acquired in business combinations:  
Trade accounts receivable(21,466)(16,124)
Inventories(3,225)6,496
Prepaid expenses and other current assets(1,314)891
Accounts payable and accrued expenses11,6596,852
Net cash provided by operating activities18,39418,654
CASH FLOWS FROM INVESTING ACTIVITIES:  
Purchase of property and equipment(3,476)(901)
Purchase of businesses, net of cash acquired0[1](10,965)[1]
Proceeds from the sale of business01,428
Net cash used in investing activities(3,476)(10,438)
CASH FLOWS FROM FINANCING ACTIVITIES:  
Proceeds from debt147,695[1]96,723[1]
Principal payments on revolving line of credit and other long-term debt(160,650)(106,540)
Dividends paid in cash(68)(68)
Proceeds from exercise of stock options0125
Purchase of treasury stock(1,174)0
Tax benefit related to exercise of stock options and vesting of restricted stock194408
Net cash used in financing activities(14,003)(9,352)
INCREASE IN CASH915(1,136)
CASH AT BEGINNING OF PERIOD7702,344
CASH AT END OF PERIOD$ 1,685$ 1,208
[1]Purchase of businesses and proceeds from debt exclude $14 million of common stock and convertible notes issued in connection with an acquisition during 2010. Proceeds from debt exclude $6.3 million of convertible notes issued in connection with an acquisition in 2010 and converted to common stock in 2010.