XML 92 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:      
Net income $ 47,129 $ 44,214 $ 38,156
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 6,204 5,116 4,387
Bad debt provision 1,990 2,160 2,450
Deferred income (benefits) tax (4,922) (3,493) 275
Stock-based compensation expense 2,607 2,538 2,152
Amortization of premium on marketable securities 537 654 999
Unrealized loss on marketable securities 0 82 486
Unrealized (gain) loss on deferred compensation fund investments (2,820) (1,871) 104
Changes in operating assets and liabilities:      
Accounts and notes receivable (50,879) (11,634) (24,769)
Prepaid income taxes 0 405 3,574
Inventories and supplies (3,772) (3,531) (4,531)
Notes receivable — long term (3,956) (340) 3,572
Deferred compensation funding (4,369) (4,051) (1,804)
Accounts payable and other accrued expenses 25,961 13,664 (1,079)
Accrued payroll, accrued and withheld payroll taxes 6,349 6,142 6,319
Accrued insurance claims 3,616 4,908 732
Deferred compensation liability 7,721 6,337 2,145
Income taxes payable (28) 1,906 0
Prepaid expenses and other assets 790 (2,830) (220)
Net cash provided by operating activities 32,158 60,376 32,948
Cash flows from investing activities:      
Disposals of fixed assets 158 26 22
Additions to property and equipment (3,762) (3,484) (5,545)
Purchases of marketable securities (6,598) (10,833) (18,934)
Sales of marketable securities 15,807 19,978 29,971
Cash paid for acquisition (5,000) 0 (1,000)
Net cash provided by investing activities 605 5,687 4,514
Cash flows from financing activities:      
Dividends paid (46,707) (44,093) (42,228)
Reissuance of treasury stock pursuant to Dividend Reinvestment Plan 107 118 128
Tax benefit from equity compensation plans 2,615 2,649 1,222
Proceeds from the exercise of stock options 6,428 5,573 2,363
Net cash used in financing activities (37,557) (35,753) (38,515)
Net change in cash and cash equivalents (4,794) 30,310 (1,053)
Cash and cash equivalents at beginning of the period 68,949 38,639 39,692
Cash and cash equivalents at end of the period 64,155 68,949 38,639
Supplementary Cash Flow Information:      
Cash paid for interest 4 3 2
Cash paid for interest $ 21,694 $ 24,681 $ 14,614