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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net earnings $ 30,088 $ 18,626
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 19,891 9,864
Stock compensation expense 2,684 2,348
Deferred income taxes 55 75
Provision for doubtful accounts (106) 68
Foreign currency transaction loss 60 7
Loss on disposal of assets 106 0
Changes in assets and liabilities    
Accounts receivable 7,962 (9,397)
Inventories 1,378 (256)
Prepaid expenses and other current assets 1,396 215
Accounts payable and accrued expenses (9,786) 3,262
Income taxes (4,046) 2,552
Customer deposits and other deferred revenue 0 (35)
Other 184 274
Net cash provided by operating activities 49,866 27,603
Cash flows from investing activities:    
Capital expenditures (15,299) (3,504)
Cash paid for acquisition, net of cash acquired 0 (491,057)
Intangible assets acquired (617) (41)
Net cash used in investing activities (15,916) (494,602)
Cash flows from financing activities:    
Proceeds from long-term debt 0 350,000
Principal payments on long-term debt (17,500) 0
Proceeds from revolving loan 0 50,000
Principal payment on acquired debt 0 (75,550)
Cash paid for financing costs 0 (2,543)
Repayments of short-term obligations 0 (89)
Proceeds from stock options exercised 9,920 2,881
Excess tax benefits from stock compensation 5,785 1,472
Dividends paid (9,251) (7,856)
Purchase of treasury stock (21) (267)
Net cash (used in) provided by financing activities (11,067) 318,048
Effect of exchange rate changes on cash (927) (82)
Increase (decrease) in cash and cash equivalents 21,956 (149,033)
Cash and cash equivalents beginning of period 50,287 208,747
Cash and cash equivalents end of period $ 72,243 $ 59,714