XML 50 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:    
Net income $ 23,240 $ 40,898
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 20,010 14,219
Amortization of discount and deferred debt issuance costs 2,091 2,256
Share-based compensation 2,945  
Deferred income taxes, net 1,622 4,272
Provision for losses on accounts receivable 4,237 4,962
Write down of assets held for sale   1,642
Loss on extinguishment of debt, net of original issue discount paid 6,400  
Loss on sale of assets 76 378
Changes in operating assets and liabilities (22,807) (25,252)
Cash provided by operating activities 37,814 43,375
Cash flows from investing activities:    
Purchases of property and equipment (11,324) (9,133)
Acquisitions of businesses, net of cash acquired (22,077) (17,803)
Proceeds from sale of assets 80 217
Cash used in investing activities (33,321) (26,719)
Cash flows from financing activities:    
Long-term debt repayments (172,077) (33,176)
Long-term debt borrowings 175,000  
Payments on obligations under capital leases (69) (70)
Funds contributed by co-investors   1,400
Debt issuance costs (4,007) (561)
Cash used in financing activities (1,153) (32,407)
Effect of exchange rate changes on cash and cash equivalents 93 (137)
Increase (decrease) in cash and cash equivalents 3,433 (15,888)
Cash and cash equivalents at beginning of period 25,651 27,552
Cash and cash equivalents at end of period 29,084 11,664
Supplemental schedule of non-cash investing and financing activities:    
Notes issued in connection with acquisitions 739 1,282
Forgiveness of management fees and promissory note in connection with an acquisition   $ 2,718