XML 31 R5.htm IDEA: XBRL DOCUMENT v2.3.0.15
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating activities:  
Net loss$ (3,308)$ (590)
Adjustments to reconcile net loss to net cash provided by operating activities:  
Loss (gain) on interest rate swap(253)71
Depreciation and amortization33,15312,452
Amortization of deferred rent(386)(48)
Share-based compensation5,385559
Excess tax benefit related to share-based compensation(3,112) 
Provision for doubtful accounts1,381427
Amortization of deferred financing costs1,433638
Deferred income taxes(6,299)(4,221)
Loss on early extinguishment of debt621 
Other223 
Changes in operating assets and liabilities, net of effects of acquisitions:  
Accounts receivable(3,469)(2,357)
Prepaid expenses and other current assets(786)(70)
Accounts payable and accrued expenses1,3376,375
Deferred revenue and customer deposits(458)(627)
Other liabilities1,3441,646
Net cash provided by operating activities26,80614,255
Investing activities:  
Cash paid for acquisitions, net(300,233)(96,945)
Purchases of equipment and leasehold improvements, net(4,121)(1,339)
Working capital and other settlements for acquisitions(1,884)306
Net cash used in investing activities(306,238)(97,978)
Financing activities:  
Borrowings under senior unsecured notes payable250,000 
Borrowings under revolving credit facilities268,000 
Net borrowings under working capital facilities36,0986,448
Excess tax benefit related to share-based compensation3,112 
Proceeds from the exercise of options and warrants2,2159
Borrowings under term loan 60,666
Issuance of preferred stock, net 32,421
Issuance of common stock, net 2,972
Payment of related party notes (3,500)
Repayment of subordinated unsecured notes payable(2,101)(1,280)
Purchases of stock for treasury(3,548) 
Payment of deferred financing costs(9,746)(1,947)
Repayment under revolving credit facilities(268,000)(4,281)
Other(358)(1,599)
Net cash provided by financing activities275,67289,909
Exchange rate impact on cash and cash equivalents535
Net increase (decrease) in cash and cash equivalents(3,755)6,221
Cash and cash equivalents, beginning of period33,6241,499
Cash and cash equivalents, end of period29,8697,720
Supplemental disclosure of noncash investing and financing activities:  
Issuance of common stock for acquisitions45,3869,373
Issuance of common stock to settle earnout obligations808576
Issuance of common stock for termination of agreement 1,435
Supplemental disclosures of cash flow information:  
Cash paid for interest4,7593,778
Cash paid for income taxes$ 3,190$ 207