Condensed Consolidated Statements of Cash Flows (USD $) | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Cash flows from operating activities: | ' | ' |
Net income | $24,577 | $10,053 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 9,847 | 10,682 |
Non-cash interest expense | 1,050 | 2,346 |
Loss on debt extinguishment | 434 | 9,815 |
Increase in allowances for doubtful accounts and sales credits | 2,679 | 5,302 |
Provision for deferred income taxes | 1,951 | 4,447 |
Share-based compensation | 4,667 | 4,578 |
Excess tax benefits from share-based compensation | -1,529 | -12 |
Holdback settlement in equity from prior acquisition | -3,046 | 0 |
Gain on sale of discontinued operations | 0 | -1,187 |
Loss on disposal or sale of fixed assets | 13 | 16 |
Changes in assets and liabilities, net of effects from divestiture: | ' | ' |
Accounts receivable, net | -5,102 | -529 |
Accounts receivable, subcontractor | -402 | 2,811 |
Prepaid expenses and other current assets | 5,181 | -2,856 |
Other assets | -3,731 | -2,104 |
Accounts payable and accrued expenses | 1,572 | -6,222 |
Accrued compensation and benefits | 4,777 | 5,597 |
Other liabilities | 3,386 | -675 |
Restricted cash, cash equivalents and investments balance | -3,225 | 0 |
Net cash provided by operating activities | 43,099 | 42,062 |
Cash flows from investing activities: | ' | ' |
Purchase and development of fixed assets | -6,447 | -3,753 |
Proceeds from sales of assets held for sale | 600 | 8,644 |
Change in restricted cash, cash equivalents and investments balance | 47 | -673 |
Net cash (used in) provided by investing activities | -5,800 | 4,218 |
Cash flows from financing activities: | ' | ' |
Capital lease repayments | -479 | -492 |
Proceeds from revolving credit facility | 1,000 | 0 |
Payments on revolving credit facility | -1,000 | -3,000 |
Repayments of prior notes payable | 0 | -206,500 |
Payments on term loan credit facility | -10,000 | -28,380 |
Proceeds from term loan credit facility, net of discount | 0 | 198,000 |
Payment of financing costs | -935 | -3,938 |
Prepayment penalty associated with the prior credit facilities | 0 | -1,200 |
Proceeds from exercise of equity awards | 1,174 | 0 |
Cash paid for shares withheld for taxes | -2,662 | -872 |
Excess tax benefits from share-based compensation | 1,529 | 12 |
Change in bank overdraft | 65 | 16 |
Net cash used in financing activities | -11,308 | -46,354 |
Effect of exchange rate changes on cash | -19 | -65 |
Net increase in cash and cash equivalents | 25,972 | -139 |
Cash and cash equivalents at beginning of period | 5,681 | 3,962 |
Cash and cash equivalents at end of period | 31,653 | 3,823 |
Supplemental disclosures of cash flow information: | ' | ' |
Cash paid for interest (net of $63 and $27 capitalized for the nine months ended September 30, 2013 and 2012, respectively) | 4,253 | 10,992 |
Cash paid for income taxes | $14,708 | $363 |