XML 48 R7.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 9,272 $ 13,766
Loss from discontinued operations, net of taxes 453 283
Net income from continuing operations 9,725 14,049
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 26,350 26,248
Amortization 12,399 7,549
Amortization of debt issuance costs 546 491
Net legal settlements and related expenses (21) 172
Payments for legal settlements and related expenses (116) (170)
Deferred income taxes (1,598) 1,096
Restructuring costs 4,195 68
Payments for restructuring costs (4,559) (1,816)
Asset impairments 151 4,938
Equity-based compensation 9,821 7,544
Excess tax benefits from share-based payment arrangements (215) (448)
Provision for doubtful accounts 467 203
Acquisition/divestiture-related costs 6,021 5,838
Cash paid for acquisition/divestiture-related costs (5,056) (5,411)
Changes in working capital, net of business acquisitions (16,556) (6,460)
Net cash provided by operating activities from continuing operations 41,554 53,891
Net cash used in operating activities from discontinued operations (508) (259)
Net cash provided by operating activities 41,046 53,632
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (27,997) (26,562)
Business acquisitions, net of cash acquired (16,109) (55,517)
Other investing activities, net (301) 2,046
Net cash used in investing activities from continuing operations (44,407) (80,033)
Net cash used in investing activities from discontinued operations 0 0
Net cash used in investing activities (44,407) (80,033)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments under borrowing arrangements (81,971) (99,509)
Proceeds from borrowing arrangements 83,500 137,000
Payment of debt issuance costs 0 (1,060)
Payment of earn-out liability (1,841) 0
Excess tax benefits of share-based payment arrangements 215 448
Purchase and retirement of treasury stock, at cost (15,605) (25,844)
Exercise of stock options 0 963
Net cash (used in) provided by financing activities from continuing operations (15,702) 11,998
Net cash (used in) provided by financing activities from discontinued operations 0 0
Net cash (used in) provided by financing activities (15,702) 11,998
Effect of exchange rate changes on cash and equivalents (1,840) (1,047)
NET DECREASE IN CASH AND EQUIVALENTS (20,903) (15,450)
CASH AND EQUIVALENTS, beginning of period 40,220 44,955
CASH AND EQUIVALENTS, end of period $ 19,317 $ 29,505