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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income $ 40,381 $ 36,362
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 11,384 11,517
Bad debt expense 555 289
Loss (gain) on sale or disposition of assets, net (606) (1)
Loss on early extinguishment of debt 94 178
Equity-based compensation expense 1,098 532
Non-cash interest expense 324 273
Deferred income tax expense and other 1,831 1,322
Changes in operating assets and liabilities:    
Accounts and notes receivable, current portion (2,113) (1,991)
Advances from/to affiliates 302 34
Other current and noncurrent assets 1,565 1,394
Other current and noncurrent liabilities 1,411 (2,136)
Deferred revenue and deposits current portion 1,315 1,225
Net cash provided by operating activities 57,541 48,998
Cash flows from investing activities:    
Purchase of property, equipment and software (2,066) (1,017)
Proceeds from sale of property and equipment 17 2
Capitalization of trademark costs (61) (91)
Disposition 20  
Cost to sell assets (71)  
Net cash used in investing activities (2,161) (1,106)
Cash flows from financing activities:    
Payments on debt (8,880) (16,278)
Capitalized debt amendment costs (555)  
Distributions to non-controlling unitholders (38,813) (18,881)
Dividends paid to Class A common stockholders (22,454) (2,173)
Payments on capital lease obligations (237) (156)
Proceeds from exercise of stock options 2,032 54
Excess tax benefit realized on exercise of stock options and delivery of vested restricted stock units 2,411 179
Cancellation of vested restricted stock units for required tax withholding (120) (818)
Net cash used in financing activities (66,616) (38,073)
Effect of exchange rate changes on cash (593) (66)
Net (decrease) increase in cash and cash equivalents (11,829) 9,753
Cash and cash equivalents, beginning of year 107,199 88,375
Cash and cash equivalents, end of period 95,370 98,128
Supplemental disclosures of cash flow information:    
Cash paid for interest and for debt amendment costs 7,126 6,692
Cash paid for income taxes 4,052 6,824
Schedule of non-cash investing and financing activities:    
Note receivable received as consideration for sale of brokerage operations assets 430  
Capital leases for property and equipment 412 18
Increase in accounts payable for capitalization of trademark costs and purchases of property, equipment and software $ 381 $ 155