XML 50 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
1 Months Ended 12 Months Ended 10 Months Ended
Dec. 31, 2010
Dec. 31, 2012
Dec. 31, 2011
Nov. 15, 2010
Predecessor
Operating activities:        
Net income (loss) $ 6,183 $ 41,013 $ 52,992 $ (176,349)
Adjustments to reconcile net income (loss) to cash provided by operating activities:        
Depreciation and amortization 2,315 33,371 20,992 22,448
Impairment charges       263,155
Amortization of discount and deferred debt issuance costs 70 2,961 2,943 1,577
Share-based compensation   3,836 2,383 6,201
Deferred income taxes, net (6,557) 4,062 4,450 (55,598)
Provision for losses on accounts receivable 844 5,679 5,851 9,573
Excess tax expense (benefit) from share-based compensation       1,176
Loss on extinguishment of debt, net of original issue discount paid   6,400    
Write down of assets held for sale     1,642  
Loss (gain) on sale of assets (27) 238 481 198
Changes in operating assets and liabilities:        
Accounts receivable 49,723 (12,967) (10,125) (64,732)
Prepaid expenses and other current assets (2,246) 3,013 342 (1,692)
Other assets 2,723 (3,923) (3,657) 1,439
Accounts payable 9,282 (8,369) (9,711) 3,150
Accrued expenses (9,082) (8,368) (3,846) 4,469
Deferred gains   (150) 300 (3,172)
Accrued income taxes 1,559 12,276 (10,668) 5,873
Long-term liabilities and other 4,687 1,249 18,243 8,110
Cash provided by operating activities 59,474 80,321 72,612 25,826
Investing activities:        
Purchases of property and equipment (2,127) (15,485) (13,507) (8,593)
Acquisitions of businesses, net of cash acquired (7,192) (30,690) (23,106) (21,234)
Proceeds from sale of assets 59 166 221 120
Cash used in investing activities (9,260) (46,009) (36,392) (29,707)
Financing activities:        
Long-term debt repayments (122,388) (174,718) (38,824) (1,395)
Long-term debt borrowings 366,600 175,000   2,594
Short-term (repayments) borrowings-three months or less, net (50,000)     6,000
Payments on obligations under capital leases (11) (6,034) (92) (85)
Debt issuance costs (15,863) (4,008) (561) (4,543)
Payments for common share exchange (56,875)      
Redemption of preferred shares (158,843)      
Return on preferred shares (753)      
Funds contributed by co-investors     1,400  
Excess tax expense from share-based compensation       (1,176)
Employee withholding payments on share-based compensation       (2,683)
Cash used in financing activities (38,133) (9,760) (38,077) (1,288)
Effect of exchange rate changes on cash and cash equivalents 12 (69) (44) (44)
Increase (decrease) in cash and cash equivalents 12,093 24,483 (1,901) (5,213)
Cash and cash equivalents at beginning of period 15,459 25,651 27,552 20,672
Cash and cash equivalents at end of period 27,552 50,134 25,651 15,459
Cash paid for:        
Interest 2,743 32,038 30,737 16,001
Income taxes (net of refunds of $6.3 million, $0.3 million, $0.1 million and $1.2 million, respectively) 1,210 10,155 5,864 1,160
Supplemental schedule of non-cash investing and financing activities:        
Notes issued in connection with acquisitions   2,374 2,138 4,137
Capital lease obligations (see Note 13)   5,752   (725)
Forgiveness of management fees and promissory notes in connection with acquisitions     $ 2,706