XML 63 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:    
Net income $ 31,416,000 $ 27,591,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 3,773,000 3,123,000
Bad debt provision 1,750,000 2,100,000
Deferred income tax benefits (2,990,000) (774,000)
Share-based compensation expense 1,699,000 1,630,000
Amortization of premium on marketable securities 496,000 735,000
Unrealized loss on marketable securities 82,000 377,000
Unrealized (gain) loss on deferred compensation fund investments (1,712,000) 984,000
Changes in operating assets and liabilities:    
Accounts and notes receivable (9,776,000) (8,354,000)
Prepaid income taxes 405,000 2,843,000
Inventories and supplies (2,264,000) (1,582,000)
Prepaid expenses and other assets (3,936,000) (1,177,000)
Deferred compensation funding (1,621,000) (1,291,000)
Accounts payable and other accrued expenses 15,623,000 (1,664,000)
Accrued payroll, accrued and withheld payroll taxes (9,386,000) (8,484,000)
Accrued insurance claims 4,850,000 2,623,000
Deferred compensation liability 3,814,000 707,000
Income taxes payable 3,196,000  
Net cash provided by operating activities 35,419,000 19,387,000
Cash flows from investing activities:    
Disposals of fixed assets 19,000 20,000
Additions to property and equipment (2,668,000) (4,431,000)
Purchases of marketable securities, net (8,745,000) (17,276,000)
Sales of marketable securities, net 18,090,000 18,877,000
Cash paid for acquisition   (1,000,000)
Net cash provided (used) by investing activities 6,696,000 (3,810,000)
Cash flows from financing activities:    
Dividends paid (32,866,000) (31,494,000)
Reissuance of treasury stock pursuant to Dividend Reinvestment Plan 89,000 98,000
Tax benefits arising from stock option transactions 1,289,000 1,175,000
Proceeds from the exercise of stock options 3,910,000 2,080,000
Net cash used in financing activities (27,578,000) (28,141,000)
Net increase/(decrease) in cash and cash equivalents 14,537,000 (12,564,000)
Cash and cash equivalents at beginning of the period 38,639,000 39,692,000
Cash and cash equivalents at end of the period 53,176,000 27,128,000
Supplementary Cash Flow Information:    
Income taxes cash payments, net of refunds 17,416,000 11,440,000
Issuance of 70,000 and 76,000 shares in 2012 and 2011, respectively, of Common Stock pursuant to Employee Stock Plans $ 1,250,000 $ 1,233,000