XML 30 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Net earnings $ 88,461 $ 96,123
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation of rental merchandise 323,136 311,482
Bad debt expense 1,433 947
Stock-based compensation expense 3,761 4,799
Depreciation of property assets 37,233 36,332
Loss on sale or disposal of property assets 1,637 325
Amortization of intangibles 1,405 2,673
Amortization of financing fees 1,485 1,382
Deferred income taxes 16,871 3,239
Excess tax benefit related to stock awards (1,415) (2,093)
Changes in operating assets and liabilities, net of effects of acquisitions    
Rental merchandise (368,311) (279,073)
Receivables (890) 1,891
Prepaid expenses and other assets (264) (2,277)
Accounts payable - trade 21,303 (12,722)
Accrued liabilities (10,370) (1,889)
Net cash provided by operating activities 115,475 161,139
Cash flows from investing activities    
Purchase of property assets (44,821) (48,320)
Proceeds from sale of property assets 1,273 92
Acquisitions of businesses (6,268) (394)
Net cash used in investing activities (49,816) (48,622)
Cash flows from financing activities    
Purchase of treasury stock (217,419) (16,543)
Exercise of stock options 6,131 6,888
Excess tax benefit related to stock awards 1,415 2,093
Payments on capital leases 0 (24)
Proceeds from debt 459,805 266,800
Repayments of debt (273,530) (339,720)
Dividends paid (24,354) (18,978)
Net cash used in financing activities (47,952) (99,484)
Effect of exchange rate changes on cash (303) 33
NET INCREASE IN CASH AND CASH EQUIVALENTS 17,404 13,066
Cash and cash equivalents at beginning of period 61,087 88,065
Cash and cash equivalents at end of period $ 78,491 $ 101,131