XML 17 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 41,110 $ 12,485
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization expense 7,049 11,368
Bad debt expense 21,579 21,516
Compensation expense related to share-based awards 4,143 3,616
Deferred income taxes 11,174 10,282
Changes in operating assets and liabilities (66,760) (88,374)
Net cash provided by (used in) operating activities 18,295 (29,107)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of available-for-sale investments (190,726) (202,050)
Sales of available-for-sale investments 191,555 199,340
Purchases of property and equipment (3,952) (3,426)
Net cash used in investing activities (3,123) (6,136)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of common stock 1,608 2,548
Payments of employee tax associated with stock compensation (3,313) (1,170)
Net cash (used in) provided by financing activities (1,705) 1,378
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS:   48
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 13,467 (33,817)
CASH AND CASH EQUIVALENTS, beginning of the period 18,899 50,882
CASH AND CASH EQUIVALENTS, end of the period $ 32,366 $ 17,065