XML 24 R6.htm IDEA: XBRL DOCUMENT v2.3.0.15
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income$ 18,574$ 19,383
Adjustments to reconcile net income to net cash provided by operating activites:  
Depreciation and amortization7,9347,410
Equity-based compensation17,09215,824
Bad debt expense1,9201,141
Net deferred income taxes5,9194,741
Other2,448104
Changes in assets and liabilities providing/(using) cash:  
Accounts receivable(5,236)4,765
Unbilled services(15,416)(4,544)
Prepaid expenses and other current assets1,777(31)
Other assets2,453(597)
Accounts payable and accrued expenses(4,674)(3,506)
Accrued compensation and benefits(18,201)(14,507)
Deferred revenues1,994(113)
Other liabilities(1,172)395
Net cash provided by operating activities15,41230,465
Cash flows from investing activities:  
Purchase of property and equipment(6,410)(4,998)
Business acquisitions, net of cash acquired(5,891)(11,807)
Purchase of investments(3,500)(3,175)
Net cash used in investing activities(15,801)(19,980)
Cash flows from financing activities:  
Repurchases of Class A common stock(24,114)(8,608)
Dividends(7,502)(5,480)
Distributions and other payments to noncontrolling unitholders(4,306)(4,828)
Proceeds from exercises of IPO Options26782
Other0(3)
Net cash used in financing activities(35,655)(18,837)
Effect of exchange rate on cash and cash equivalents310(161)
Net decrease in cash and cash equivalents(35,734)(8,513)
Cash and cash equivalents at beginning of period113,328107,311
Cash and cash equivalents at end of period$ 77,594$ 98,798