v3.2.0.727
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities    
Net income $ 44,309 $ 29,648
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization of property and equipment 18,478 15,557
Amortization of intangible assets 11,209 0
Provision for uncollectible overdrawn accounts 31,566 16,059
Employee stock-based compensation 11,623 8,686
Stock-based retailer incentive compensation 2,520 4,410
Amortization of premium on available-for-sale investment securities 508 538
Change in fair value of contingent consideration (7,516) 0
Impairment of capitalized software 4,997 0
Amortization of deferred financing costs 767 0
Deferred income tax expense 12 0
Changes in operating assets and liabilities:    
Accounts receivable, net (3,765) 3,458
Prepaid expenses and other assets (3,417) 1,983
Deferred expenses 9,521 6,372
Accounts payable and other accrued liabilities (19,898) (16,328)
Amounts due to card issuing banks for overdrawn accounts 497 (49,391)
Deferred revenue (10,719) (10,394)
Income tax payable/receivable 27,424 13,960
Other, net 56 (49)
Net cash provided by operating activities 118,172 24,509
Investing activities    
Purchases of available-for-sale investment securities (126,036) (93,388)
Proceeds from maturities of available-for-sale securities 33,531 83,263
Proceeds from sales of available-for-sale securities 12,935 38,109
Increase in restricted cash (1,253) (601)
Payments for acquisition of property and equipment (25,042) (14,096)
Net decrease in loans 99 222
Acquisition, net of cash acquired (65,209) (14,860)
Net cash used in investing activities (170,975) (1,351)
Financing activities    
Repayments of borrowings from note payable (11,250) 0
Borrowings on revolving line of credit 30,001 0
Repayments on revolving line of credit (30,001) 0
Proceeds from exercise of options 798 3,348
Excess tax benefits from exercise of options 27 3,563
Net increase in deposits 42,680 240,014
Net increase (decrease) in obligations to customers 60,929 (13,693)
Contingent consideration payments (668) 0
Net cash provided by financing activities 92,516 233,232
Net increase in unrestricted cash, cash equivalents, and federal funds sold 39,713 256,390
Unrestricted cash, cash equivalents, and federal funds sold, beginning of year 724,638 423,621
Unrestricted cash, cash equivalents, and federal funds sold, end of period 764,351 680,011
Cash paid for interest 2,278 46
Cash paid for income taxes $ 891 $ 219