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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities    
Net income $ 5,358 $ 7,357
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,874 2,302
Amortization of deferred financing costs and accretion of interest 55 85
Share based compensation 3,778 2,771
Excess tax benefit on stock options (159) (1,225)
Provision for doubtful accounts 30 20
Deferred income taxes 1,673 1,631
Unrealized currency loss (gain) on foreign denominated intercompany transactions 1,130 (9)
Changes in operating assets and liabilities:    
Accounts receivable (1,134) (1,073)
Prepaid expenses and other assets (32) 1,443
Restricted cash (18)  
Accounts payable 872 566
Accrued income taxes (1,085) (1,193)
Accrued expenses and other liabilities (1,995) (3,080)
Deferred revenue (158) 1,327
Net cash provided by operating activities 11,189 10,922
Cash flows from investing activities    
Purchases of property and equipment (527) (4,173)
Acquisition of business, net of cash acquired (101) (14,303)
Net cash used in investing activities (628) (18,476)
Cash flows from financing activities    
Excess tax benefit on stock options 159 1,225
Common stock dividends paid (4,002) (3,151)
Purchase of treasury stock   (6,072)
Proceeds from exercises of common stock options 790 4,594
Net cash used in financing activities (3,053) (3,404)
Effect of exchange rates on cash and cash equivalents 413 (602)
Increase (decrease) in cash and cash equivalents 7,921 (11,560)
Cash and cash equivalents at beginning of period 87,520 90,325
Cash and cash equivalents at end of period $ 95,441 $ 78,765