XML 17 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income $ 6,784 $ 4,136
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 19,788 18,538
Amortization of debt discount and premium 370 280
Equity-based compensation expense (net of amounts capitalized) 3,784 2,647
Gains - equipment transactions and other, net (484) (2,172)
Deferred income taxes 2,623 3,229
Changes in operating assets and liabilities:    
Accounts receivable 1,355 43
Prepaid expenses and other current assets (1,213) (1,067)
Accounts payable, accrued liabilities and other long-term liabilities (2,005) (1,660)
Deposits and other assets (823) (460)
Net cash provided by operating activities 30,179 23,514
Cash flows from investing activities:    
Purchases of property and equipment (14,905) (12,249)
Net cash used in investing activities (14,905) (12,249)
Cash flows from financing activities:    
Dividends paid (22,819) (18,999)
Proceeds from exercises of stock options 297 300
Principal payments on installment payment agreement (1,965) (218)
Principal payments of capital lease obligations (2,304) (3,854)
Net cash used in financing activities (26,791) (22,771)
Effect of exchange rates changes on cash 532 383
Net decrease in cash and cash equivalents (10,985) (11,123)
Cash and cash equivalents, beginning of period 247,011 274,319
Cash and cash equivalents, end of period 236,026 263,196
Supplemental disclosure of non-cash financing activities:    
Non-cash component of network equipment obtained in exchange transactions 117 2,124
PP&E obtained for installment payment agreement 2,566 3,307
Capital lease obligations incurred $ 3,616 $ 5,957