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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income $ 17,378 $ 16,952
Adjustments to reconcile net income to cash provided by operating activities:    
Deferred income tax provision, net 1,270 1,752
Provision for bad debts on accounts receivable 1,403 921
Depreciation and amortization 4,828 4,763
Stock-based compensation expense 2,913 1,404
Pension and post-retirement benefit plans expense 968 932
Amortization of deferred financing costs 61 (135)
Excess tax benefit attributable to stock-based compensation (311) (33)
Deferred compensation liability increase, net 664 968
Gain on cash surrender value of Company-owned life insurance (529) (918)
Gain from Company-owned life insurance proceeds 0 (849)
Contingent consideration liability remeasurement 524 0
Other 63 0
(Increase) decrease in operating assets    
Trade receivables, net (11,977) (22,781)
Income tax refund receivable 1,317 3,190
Prepaid expenses and other current assets (205) (1,709)
Other assets, net (260) 77
Increase in operating liabilities    
Accounts payable and other current liabilities 2,368 1,948
Accrued payroll costs 3,854 3,184
Income taxes payable 1,052 2,402
Other long-term liabilities 622 71
Cash provided by operating activities 26,003 12,139
Cash flows from investing activities:    
Capital expenditures (3,604) (3,099)
Proceeds from the disposition of assets held within the Rabbi Trust 445 1,373
Purchase of assets held within the Rabbi Trust (481) (1,400)
Proceeds from Company-owned life insurance 0 1,037
Cash used in investing activities (3,640) (2,089)
Cash flows from financing activities:    
Proceeds from bank line of credit 316,481 315,569
Payments on bank line of credit (316,193) (296,429)
Payments of capital expenditure financing (630) (646)
Short-term vendor financing 1,579 (320)
Proceeds from exercise of stock options 381 702
Excess tax benefit attributable to stock-based compensation 311 33
Payment of loan financing fees 0 (35)
Repurchases of common stock (17,678) (21,984)
Cash dividend (6,201) (6,519)
Cash used in financing activities (21,950) (9,629)
Change in cash and cash equivalents 413 421
Cash and cash equivalents at beginning of period 1,238 875
Cash and cash equivalents at end of period $ 1,651 $ 1,296