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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 15,405 $ 14,153
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 325 288
Amortization of intangible assets 552 180
Unrealized gains on trading investments (81) (134)
Stock based compensation expense 7,695 6,468
Deferred income taxes (612) 2,145
Excess tax benefits from stock based compensation (1,396) (1,916)
Net sales of investments - trading securities 33,506 6,927
Change in operating assets and liabilities:    
Accounts receivable (6,773) (2,236)
Other current assets 288 919
Accounts payable and accrued liabilities 810 (166)
Compensation and benefits payable (6,522) (8,683)
Income taxes payable 1,673 (1,189)
Other liabilities (18) (29)
Net cash provided by operating activities 44,852 16,727
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (564) (302)
Acquisition of Woodway, net of cash acquired (24,133) 0
Net cash used in investing activities (24,697) (302)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Purchases of treasury stock (1,327) 0
Restricted stock returned for payment of taxes (5,576) (5,839)
Excess tax benefits from stock based compensation 1,396 1,916
Cash dividends (8,743) (7,291)
Net cash used in financing activities (14,250) (11,214)
Effect of currency rate changes on cash (1,269) (12)
NET INCREASE IN CASH AND CASH EQUIVALENTS 4,636 5,199
Cash and cash equivalents, beginning of period 18,131 10,864
Cash and cash equivalents, end of period 22,767 16,063
Supplemental cash flow information:    
Cash paid during the period for income taxes 6,675 6,978
Common stock issued for acquisition 5,669 0
Non-cash accrued contingent consideration $ 9,257 $ 0