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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities    
Net earnings $ 84,118 $ 99,291
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation of rental merchandise 268,369 253,851
Bad debt expense 632 8,669
Stock-based compensation expense 2,523 2,252
Depreciation of property assets 31,831 31,523
Loss on sale or disposal of property assets 64 1,546
Amortization of intangibles 1,990 394
Amortization of financing fees 1,017 1,027
Deferred income taxes 42,648 (28,474)
Tax benefit related to stock option exercises (6,456) (2,420)
Impairment charge 7,320 0
Restructuring charge 4,933 0
Changes in operating assets and liabilities, net of effects of acquisitions    
Rental merchandise (304,941) (253,815)
Receivables 8,685 (10,798)
Prepaid expenses and other assets 102,672 4,057
Accounts payable - trade (61,735) (39,923)
Accrued liabilities (12,420) 21,132
Net cash provided by operating activities 171,250 88,312
Cash flows from investing activities    
Purchase of property assets (59,216) (29,790)
Proceeds from sale of property assets 132 48
Acquisitions of businesses, net of cash acquired (1,016) (1,229)
Net cash used in investing activities (60,100) (30,971)
Cash flows from financing activities    
Purchase of treasury stock (92,695) (6,450)
Exercise of stock options 24,966 8,317
Tax benefit related to stock option exercises 6,456 2,420
Payments on capital leases (175) (591)
Proceeds from debt 141,875 52,525
Repayments of debt (181,445) (141,280)
Dividends paid (7,621) 0
Net cash used in financing activities (108,639) (85,059)
Effect of exchange rate changes on cash 793 9
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 3,304 (27,709)
Cash and cash equivalents at beginning of period 70,727 [1] 101,803
Cash and cash equivalents at end of period $ 74,031 $ 74,094
[1] Audited