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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities  
Net earnings$ 115,342$ 139,788
Adjustments to reconcile net earnings to net cash provided by operating activities  
Depreciation of rental merchandise407,775378,335
Bad debt expense2,45212,084
Stock-based compensation expense3,4203,125
Depreciation of property assets47,93847,152
Loss on sale or disposal of property assets1,7833,099
Amortization of intangibles3,022567
Amortization of financing fees1,6521,544
Deferred income taxes53,8486,708
Tax benefit related to stock option exercises(6,536)(2,342)
Impairment charge7,3200
Restructuring charge12,5190
Changes in operating assets and liabilities, net of effects of acquisitions  
Rental merchandise(452,490)(344,636)
Receivables7,998(16,270)
Prepaid expenses and other assets103,4761,202
Accounts payable - trade(29,662)(9,318)
Accrued liabilities(13,148)(28,385)
Net cash provided by operating activities266,709192,653
Cash flows from investing activities  
Purchase of property assets(91,979)(57,373)
Proceeds from sale of property assets15989
Acquisitions of businesses, net of cash acquired(4,591)(3,112)
Net cash used in investing activities(96,411)(60,396)
Cash flows from financing activities  
Purchase of treasury stock(164,168)(45,869)
Exercise of stock options26,0069,703
Tax benefit related to stock option exercises6,5362,342
Payments on capital leases(261)(800)
Proceeds from debt658,94555,870
Repayments of debt(671,719)(170,944)
Dividends paid(17,485)(3,949)
Net cash used in financing activities(162,146)(153,647)
Effect of exchange rate changes on cash(2,854)362
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS5,298(21,028)
Cash and cash equivalents at beginning of period70,727[1]101,803
Cash and cash equivalents at end of period$ 76,025$ 80,775
[1]Audited