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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Operating Activities – continuing operations    
Net income (loss) $ 3,927 $ 8,744
(Income) loss from discontinued operations, including gain on sale, net of tax (33,991) (7,411)
Adjustments to reconcile net loss to cash provided by (used in) operating activities:    
Depreciation and amortization 9,722 4,227
Equity-based compensation 6,039 4,676
Impairment related and other 767 795
Other (income) loss 178 (32,849)
Equity loss 1,919 [1] 7,147 [2]
Current income tax benefit (1,899) (2,883)
Changes in assets and liabilities, net of effect of acquisitions:    
Accounts receivable, net (5,507) (2,679)
Prepaid expenses and other assets (1,978) (877)
Accounts payable (2,631) (31)
Accrued expenses 126 1,342
Accrued compensation and benefits 387 2,339
Deferred revenue 7,074 8,706
Other liabilities 107 (415)
Cash flows provided by (used in) operating activities (15,760) (9,169)
Investing Activities – continuing operations    
Capital expenditures, net (895) (2,920)
Advanced deposits for acquisition of fixed assets   (997)
Change in restricted cash (7) (11)
Proceeds from sales/distributions of ownership interests 73,469 20,525
Proceeds from sales of marketable securities 760 7,632
Ownership acquisitions, net of cash acquired (13,287) (59,559)
Other investing activities (241)   
Cash flows provided by (used in) investing activities 59,799 (35,330)
Financing Activities – continuing operations    
Acquisition of noncontrolling interest in subsidiary equity (1,403) (3,484)
Borrowings of long-term debt 4,900 1,439
Repayment long-term debt and capital lease obligations (1,315) (1,409)
Payment of deferred and/or contingent acquisition costs      
Purchase of treasury stock (7,436) (8,354)
Tax withholdings related to equity-based awards (709) (196)
Cash received for stock option exercises   439
Other financing activities (79)   
Cash flows provided by (used in) financing activities (6,042) (11,565)
Effect of exchange rates on cash      
Discontinued Operations    
Cash flows provided by (used in) operating activities 6,396 12,419
Cash flows provided by (used in) investing activities (2,391) (21,822)
Cash flows provided by (used in) financing activities (4,253) 9,627
Net increase (decrease) in cash and cash equivalents from discontinued operations (248) 224
Net increase (decrease) in cash and cash equivalents 37,749 (55,840)
Cash and cash equivalents at beginning of period 20,872 92,828
Cash and cash equivalents at end of period $ 58,621 $ 36,988
[1] Includes Acquirgy, CIML (from February 20, 2013, the date of deconsolidation), Freeborders and WhiteFence.
[2] Includes Acquirgy, Bolt, CIML, Freeborders, GoIndustry-DoveBid plc (“GoIndustry”) (to July 5, 2012, the date of disposition) and WhiteFence.