XML 26 R5.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net income $ 9,551 $ 10,862
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,125 2,366
Stock compensation expense 619 919
Deferred income taxes 147 490
Changes in operating assets and liabilities:    
Accounts receivable, net 19,363 20,986
Prepaid expenses and other assets (342) (1,991)
Accounts payable (15,182) (11,921)
Accrued expenses (3,847) (2,459)
Deferred rent (237) (261)
Net cash provided by operating activities 13,197 18,991
Cash flows from investing activities:    
Purchase of property and equipment (1,281) (4,027)
Cash paid for acquisition, net of cash acquired (64,308)  
Net cash used in investing activities (65,589) (4,027)
Cash flows from financing activities:    
Borrowings under credit facility 123,986 59,163
Repayments of credit facility (73,986) (77,163)
Principal payments under capital lease obligations (23) (37)
Proceeds from exercise of stock options 185 2,441
Excess tax deduction from exercise of stock options   166
Net cash provided by (used in) financing activities 50,162 (15,430)
Net change in cash and cash equivalents (2,230) (466)
Cash and cash equivalents, beginning of period 2,791 1,193
Cash and cash equivalents, end of period 561 727
Cash paid during the period for:    
Interest 752 325
Income taxes $ 6,666 $ 8,226