XML 28 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Net earnings $ 116,083 $ 136,033
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation of rental merchandise 487,412 464,560
Bad debt expense 3,031 2,543
Stock-based compensation expense 5,524 6,673
Depreciation of property assets 56,654 54,744
Loss on sale or disposal of property assets 2,035 1,833
Amortization of intangibles 1,897 4,042
Amortization of financing fees 2,338 2,074
Deferred income taxes 20,952 (960)
Excess tax benefit related to stock awards (245) (2,860)
Changes in operating assets and liabilities, net of effects of acquisitions    
Rental merchandise (534,843) (457,749)
Receivables (2,736) 1,394
Prepaid expenses and other assets (4,670) (4,788)
Accounts payable - trade 24,689 37,528
Accrued liabilities (5,212) 13,682
Net cash provided by operating activities 172,909 258,749
Cash flows from investing activities    
Purchase of property assets (73,761) (73,103)
Proceeds from sale of property assets 1,620 4,898
Acquisitions of businesses (13,829) (5,249)
Net cash used in investing activities (85,970) (73,454)
Cash flows from financing activities    
Purchase of treasury stock (217,419) (30,121)
Exercise of stock options 10,711 11,275
Excess tax benefit related to stock awards 245 2,860
Payments on capital leases 0 (27)
Proceeds from debt 631,435 321,985
Repayments of debt (484,360) (469,360)
Dividends paid (35,564) (28,505)
Net cash used in financing activities (94,952) (191,893)
Effect of exchange rate changes on cash (217) 333
NET INCREASE IN CASH AND CASH EQUIVALENTS (8,230) (6,265)
Cash and cash equivalents at beginning of period 61,087 88,065
Cash and cash equivalents at end of period $ 52,857 $ 81,800