XML 29 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Operating activities:    
Net income $ 10,616 $ 14,391
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation 6,430 6,687
Amortization 1,219 980
Deferred income taxes 1,593 4,968
Stock-based compensation 2,146 2,549
(Gain) Loss on disposal of assets, net 71 266
Changes in operating assets and liabilities:    
Accounts receivable, net (11,127) (24,492)
Prepaid expenses and other current assets (2,027) 385
Accounts payable (6,633) (1,775)
Accrued expenses and other current liabilities 3,187 (2,129)
Income taxes prepaid/payable (2,925) (898)
Other non-current assets 303 267
Deferred compensation (33) 335
Other non-current liabilities (2,043) (352)
Net cash used in operating activities 777 1,182
Investing activities:    
Additions to property and equipment (5,047) (4,609)
Reacquired franchise rights 0 (65)
Other 119 97
Net Cash Provided by (Used in) Investing Activities (4,928) (4,577)
Financing activities:    
Dividends paid to shareholders (5,054) (7,517)
Borrowings on credit facility 57,550 153,523
Repayments on credit facility (60,165) (150,723)
Common shares withheld for taxes (795) (733)
Payment of acquisition related earn out 0 (370)
Change in cash overdraft 997 (1,084)
Excess tax benefit from share-based compensation awards 118 0
Net Cash Provided by (Used in) Financing Activities (7,349) (6,904)
Effect of exchange rate changes on cash and cash equivalents (85) 729
Net decrease in cash and cash equivalents (11,585) (9,570)
Cash and cash equivalents at end of period 32,067 17,074
Cash paid for interest 104 151
Cash paid for income taxes, net $ 7,680 $ 5,802