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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating activities      
Net income $ 42,050 $ 16,989 $ 1,779
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock based compensation 2,053 970 1,137
Deferred income taxes 14,426 8,239 1,670
Payable under the tax receivable agreement 3,890 (813) (1,889)
Depreciation and amortization:      
Property and equipment 1,730 1,263 1,444
Intangibles 2,888 2,393 2,079
Gain on sale or disposition or impairment of assets (8,918) (5,713) (4,966)
Mortgage service rights assumed (1,932) (993) (762)
Proceeds from sale of mortgage servicing rights 5,344 3,093 2,030
Increase (decrease) in cash from changes in:      
Restricted cash   63 47
Accounts receivable (382) (460) 416
Payable to/(receivable from) affiliate (204) (73) (38)
Payable under the tax receivable agreement (6,289)   (2,258)
Deferred taxes, net     (1)
Mortgage notes receivable (79,855) (35,794) (22,500)
Net borrowings on warehouse line of credit 79,855 35,794 22,500
Prepaid taxes, prepaid expenses and other current assets (935) 151 5,213
Other noncurrent assets (593) (292) 47
Accrued compensation and related taxes 15,452 9,011 (209)
Accounts payable 599 205 371
Other accrued liabilities 3,862 646 406
Other long-term liabilities 618 (370) (657)
Net cash provided by operating activities 73,659 34,309 5,860
Investing activities      
Purchases of property and equipment (2,003) (357) (47)
Net cash used in investing activities (2,003) (357) (47)
Financing activities      
Payments on long-term debt (234) (260) (173)
Treasury stock (94) (223) (173)
Distributions to members' and noncontrolling interest holder (2,904) (1,061) (1,564)
Net cash used in financing activities (3,232) (1,544) (1,910)
Net increase in cash 68,424 32,408 3,903
Cash and cash equivalents, beginning of period 73,339 40,931 37,028
Cash and cash equivalents, end of period 141,763 73,339 40,931
Supplemental disclosure of cash flow information      
Cash paid for income taxes 3,545 52 104
Cash paid for interest 1,997 1,374 2,413
Supplemental disclosure of non-cash financing activities      
Property acquired under capital leases $ 491 $ 227 $ 292