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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities    
Net earnings $ 46,353 $ 70,872
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation of rental merchandise 541,603 508,178
Bad debt expense 10,850 10,827
Stock-based compensation expense 6,948 5,377
Depreciation of property assets 56,855 58,824
Loss on sale or disposal of property assets 9,672 7,740
Amortization of intangibles 2,605 2,203
Amortization of financing fees 2,339 2,601
Deferred income taxes (103,433) (65,330)
Excess tax benefit related to stock awards (84) (240)
Changes in operating assets and liabilities, net of effects of acquisitions    
Rental merchandise (428,099) (539,350)
Receivables (8,610) (20,345)
Prepaid expenses and other assets 128,212 (6,805)
Accounts payable - trade (28,929) 23,227
Accrued liabilities 13,013 5,484
Net cash provided by operating activities 249,295 63,263
Cash flows from investing activities    
Purchase of property assets (61,125) (61,733)
Proceeds from sale of property assets 12,165 6,012
Acquisitions of businesses (19,063) (12,497)
Net cash used in investing activities (68,023) (68,218)
Cash flows from financing activities    
Exercise of stock options 1,394 2,417
Excess tax benefit related to stock awards 84 240
Proceeds from debt 390,535 568,880
Repayments of debt (518,983) (510,020)
Dividends paid (38,251) (36,479)
Net cash provided (used in) by financing activities (165,221) 25,038
Effect of exchange rate changes on cash (2,105) (399)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 13,946 19,684
Cash and cash equivalents at beginning of period 46,126 42,274
Cash and cash equivalents at end of period $ 60,072 $ 61,958