XML 55 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash Flows from Operating Activities      
Net income $ 38,075 $ 34,865 $ 27,171
Adjustments to reconcile net income to net cash provided by operating activities:      
Bad debt expense (recovery) 336 (64) 543
Deferred income taxes 13,637 (4,623) (5,224)
(Gain) loss on disposal of fixed assets 122 (13) 110
Non-cash equity compensation 8,770 6,658 7,533
Depreciation and amortization 24,440 20,307 23,101
Deferred rent 3,594 2,235 1,153
Changes in operating assets and liabilities, net of the effect of acquisitions:      
Contract receivables 12,457 (18,147) (3,386)
Prepaid expenses and other assets (162) (1,043) (778)
Accounts payable 2,604 7,996 2,396
Accrued salaries and benefits (4,154) 4,703 8,677
Accrued expenses 1,619 2,822 5,832
Deferred revenue (2,638) (692) 664
Income tax receivable and payable (10,451) 466 2,547
Restricted cash (807) 1,971 (1,056)
Other liabilities (201) 2,080 (1,105)
Net Cash Provided by Operating Activities 87,241 59,521 68,178
Cash Flows from Investing Activities      
Capital expenditures (13,561) (10,206) (7,283)
Capitalized software development costs   (28) (394)
Payments for business acquisitions, net of cash received (9,974) (108,009)  
Net Cash Used in Investing Activities (23,535) (118,243) (7,677)
Cash Flows from Financing Activities      
Advances from working capital facilities 172,270 213,138 43,317
Payments on working capital facilities (212,270) (153,138) (103,317)
Debt issue costs (1,955) (8) (21)
Proceeds from exercise of options 78 478 966
Tax benefits of stock option exercises and award vesting 804 227 914
Issuances of stock 33 77 66
Share repurchases and shares reacquired in net share issuance (11,602) (975) (1,291)
Net Cash Provided by (Used in) Financing Activities (52,642) 59,799 (59,366)
Effect of Exchange Rate on Cash (436) (281) (187)
Increase in Cash 10,628 796 948
Cash, beginning of period 4,097 3,301 2,353
Cash, end of period 14,725 4,097 3,301
Cash paid during the period for:      
Interest 3,243 2,334 3,873
Income taxes $ 20,377 $ 26,411 $ 18,977