Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Cash Flows

v2.4.0.8
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities attributable to continuing operations:      
Net income $ 178,449 $ 130,675 $ 123,070
Loss from discontinued operations, net of tax 0 (5,822) (4,582)
Income from continuing operations 178,449 136,497 127,652
Adjustments to reconcile income from continuing operations to net cash provided by operating activities attributable to continuing operations:      
Depreciation and amortization 40,589 38,005 35,822
Stock-based compensation expense 14,043 19,056 26,401
Loss on debt extinguishment 0 18,627 0
Amortization of debt issuance costs 1,130 1,777 2,941
Deferred income taxes 6,370 (2,146) 2,238
Bad debt expense 22,773 24,186 19,758
Excess tax benefits from stock-based awards (10,360) (19,004) (9,835)
Fair value adjustment to contingent consideration obligation (3,600) 0 0
Asset impairment 3,040 0 0
Other 1,140 764 2,343
Changes in current assets and liabilities:      
Accounts receivable (38,211) (51,995) (46,201)
Inventories 3,617 (36,117) (1,385)
Prepaid expenses and other assets (6,318) (3,724) (3,213)
Accounts payable, accrued expenses and other current liabilities 19,245 21,487 8,834
Net cash provided by operating activities attributable to continuing operations 231,907 147,413 165,355
Cash flows from investing activities attributable to continuing operations:      
Capital expenditures (51,952) (45,803) (42,069)
Acquisition of business, net of cash received 0 (22,875) 0
Advance payment of capital expenditure (9,100) 0 0
Proceeds from sale of discontinued operations 0 6,580 0
Net cash used in investing activities attributable to continuing operations (61,052) (62,098) (42,069)
Cash flows from financing activities attributable to continuing operations:      
Redemption of Senior Notes 0 (253,500) (69,841)
Borrowing under term loan 0 250,000 0
Repayments of long-term debt (9,375) 0 0
Payments of debt issuance costs 0 (4,607) 0
Repurchase of common stock (146,894) (221,835) (26,821)
Cash dividends paid (42,281) (31,049) (7,384)
Proceeds from issuance of common stock 8,396 20,688 8,845
Tax withholdings related to stock-based awards (14,395) (18,209) (11,430)
Excess tax benefits from stock-based awards 10,360 19,004 9,835
Payment of contingent consideration obligation (2,172) 0 0
Net cash used in financing activities attributable to continuing operations (196,361) (239,508) (96,796)
Total cash (used in) provided by continuing operations (25,506) (154,193) 26,490
Cash flows from discontinued operations:      
Net cash (used in) provided by operating activities attributable to discontinued operations (153) (5,361) 1,309
Net cash used in investing activities attributable to discontinued operations 0 (162) (250)
Total cash (used in) provided by discontinued operations (153) (5,523) 1,059
Net (decrease) increase in cash and cash equivalents (25,659) (159,716) 27,549
Cash and cash equivalents at beginning of period 222,092 381,808  
Cash and cash equivalents at end of period $ 196,433 $ 222,092 $ 381,808