v2.3.0.15
Consolidated Statements of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Net income$ 38,074$ 34,294
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation and amortization8,7725,405
Provision for uncollectible overdrawn accounts46,21034,912
Employee stock-based compensation7,0425,246
Stock-based retailer incentive compensation13,7857,673
Amortization of discount on available-for-sale investment securities1570
Provision for uncollectible trade receivables150(24)
Impairment of capitalized software348388
Deferred income taxes10731
Excess tax benefits from exercise of options(2,159)0
Changes in operating assets and liabilities:  
Settlement assets(3,312)30,785
Accounts receivable, net(44,494)(31,761)
Prepaid expenses and other assets(2,360)817
Deferred expenses1,6732,306
Accounts payable and accrued liabilities(2,813)3,877
Settlement obligations3,312(30,785)
Amounts due issuing bank for overdrawn accounts5,7809,759
Deferred revenue(4,156)(3,868)
Income tax payable/receivable10,3938,438
Net cash provided by operating activities76,50977,493
Investing activities  
Purchases of available-for-sale securities(40,062)0
Proceeds from maturities of available-for-sale investment securities10,0000
(Increase) decrease in restricted cash(5,159)10,218
Payments for acquisition of property and equipment(16,997)(10,321)
Net cash (used in) provided by investing activities(52,218)(103)
Financing activities  
Proceeds from exercise of options and issuance of ESPP shares4,3411,888
Excess tax benefits from exercise of options2,1590
Net cash provided by financing activities6,5001,888
Net increase in unrestricted cash and cash equivalents30,79179,278
Unrestricted cash and cash equivalents, beginning of year167,50356,303
Unrestricted cash and cash equivalents, end of period198,294135,581
Cash paid for interest640
Cash paid for income taxes$ 12,974$ 14,215