XML 29 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 55,863 $ 48,334
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of intangible assets 433 35
Depreciation expense 11,747 12,246
Stock-based compensation expense-restricted stock and stock units 8,208 8,886
Excess tax benefits from stock-based compensation (992) (2,438)
Deferred income taxes (4,117) (1,554)
Provision for doubtful accounts receivable 2,642 2,321
Changes in assets and liabilities:    
Increase in accounts receivable (42,598) (28,518)
Decrease in accounts payable, accrued expenses, accrued payroll costs and retirement obligations (25,011) (37,161)
Increase in income taxes payable 31,092 26,070
Change in other assets, net of change in other liabilities (9,382) (5,007)
Net cash flows provided by operating activities 27,885 23,214
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (8,082) (10,372)
Increase in trusts for employee benefits and retirement plans (29,669) (1,478)
Net cash flows used in investing activities (37,751) (11,850)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchases of common stock (45,673) (56,394)
Cash dividends paid (22,021) (21,016)
Decrease in notes payable and other indebtedness (2,643) (32)
Excess tax benefits from stock-based compensation 992 2,438
Proceeds from exercises of stock options 19,938 26,081
Net cash flows used in financing activities (49,407) (48,923)
Effect of exchange rate changes on cash and cash equivalents (3,011) 2,676
Net decrease in cash and cash equivalents (62,284) (34,883)
Cash and cash equivalents at beginning of period 287,635 279,336
Cash and cash equivalents at end of period 225,351 244,453
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest 98 107
Income taxes, net of refunds $ 7,356 $ 7,028