XML 16 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating activities    
Net income $ 8,338 $ 16,936
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 9,470 9,714
Stock-based compensation 2,696 2,681
Equity investment income (61) (671)
Deferred income taxes 2,073 2,833
Loss on disposals of long-lived assets 1,168 725
Other 28 36
Changes in operating assets and liabilities:    
Accounts receivable, net of allowance for bad debt 748 1,453
Prepaid expenses and other assets (1,803) 773
Income tax receivable (3,120) (2,814)
Accounts payable (442) 690
Accrued liabilities (2,428) (238)
Income taxes payable (559) 0
Deferred revenue 163 (3,331)
Net cash provided by operating activities 16,271 28,787
Investing activities    
Capital expenditures (3,781) (6,904)
Capitalized program development costs and other assets (1,902) (836)
Proceeds from sale of real property 1,493 0
Equity investment 0 (950)
Net cash used in investing activities (4,190) (8,690)
Financing activities    
Cash paid for repurchase of common stock (1,402) (630)
Cash received from issuance of common stock 98 7
Excess tax benefit from stock-based compensation 0 (1,116)
Net cash used in financing activities (1,304) (1,739)
Net increase in cash and cash equivalents 10,777 18,358
Cash and cash equivalents at beginning of period 146,351 105,734
Cash and cash equivalents at end of period 157,128 124,092
Supplemental disclosure of cash flow information    
Income taxes paid $ 7,980 $ 12,218