| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|
Operating activities | |||||||||
Net Income | |||||||||
23,505 | 42,969 | 40,188 | 37,943 | 35,203 | - | - | - | - | - |
Income (loss) from discontinued operations, net of tax | |||||||||
95 | 565 | -3,442 | -3,894 | - | - | - | - | - | - |
Income from continuing operations | |||||||||
23,410 | 42,404 | 43,630 | 41,837 | - | - | - | - | - | - |
Net income | |||||||||
- | - | - | - | - | 36,291 | 51,543 | 61,179 | 42,669 | 28,788 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Provision for bad debts | |||||||||
12,726 | 10,663 | 14,275 | 14,835 | 15,132 | 17,310 | 10,565 | 8,744 | 6,972 | 5,225 |
Depreciation and amortization | |||||||||
19,718 | 21,343 | 21,917 | 22,638 | 25,877 | 29,255 | 24,165 | 18,512 | 14,533 | 12,246 |
Amortization of investment discount/premium, net | |||||||||
-1,410 | -2,129 | -2,293 | -1,843 | -768 | -692 | -2,049 | -2,180 | -1,593 | -1,807 |
Goodwill and intangible asset impairment charges | |||||||||
14,955 | 0 | 0 | - | - | - | - | - | - | - |
Gain realized on sale of marketable securities | |||||||||
- | - | - | - | - | - | - | - | - | -225 |
Impairment of property and equipment | |||||||||
440 | 442 | 896 | 277 | 229 | 1,150 | 35 | 19 | 52 | 46 |
Loss on disposal of property and equipment | |||||||||
-414 | -164 | -64 | -69 | -52 | -81 | 30 | 0 | 0 | - |
Noncontrolling interest | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Share-based compensation | |||||||||
6,524 | 6,422 | 6,594 | 5,129 | 5,330 | 4,880 | 4,883 | 3,698 | 3,652 | 4,298 |
Excess tax benefits from share-based compensation | |||||||||
0 | 1,136 | 439 | 547 | 310 | 69 | 248 | 4,251 | 3,463 | 2,506 |
Deferred income taxes | |||||||||
-909 | -4,280 | -1,641 | -323 | -1,463 | -3,584 | 2,516 | 1,354 | 1,315 | -1,226 |
Payment of contingent consideration included in operating activities | |||||||||
- | - | - | - | 0 | 0 | - | - | - | - |
Changes in operating assets and liabilities | |||||||||
Accounts receivable | |||||||||
14,751 | 13,568 | 15,150 | 16,163 | 16,141 | 14,979 | 13,789 | 9,733 | 7,714 | 9,617 |
Prepaid expenses and other current assets | |||||||||
963 | 470 | 7,162 | 9,302 | -1,787 | -2,586 | 3,424 | 1,635 | 1,380 | -1,214 |
Accounts payable and accrued liabilities | |||||||||
-6,214 | 9,063 | -2,474 | -3,441 | 4,578 | -6,296 | -612 | 4,787 | 7,376 | -7,575 |
Income taxes payable | |||||||||
6,822 | -2,823 | -2,980 | 3,013 | -1,826 | -4,306 | 1,559 | 5,030 | 3,434 | 9,188 |
Deferred rent | |||||||||
-1,328 | 11,819 | -566 | -781 | -929 | -65 | 750 | 514 | 1,631 | 154 |
Deferred revenue | |||||||||
1,451 | 3,902 | 1,540 | 438 | 1,062 | 1,882 | 342 | -1,991 | -1,619 | 3,019 |
Net cash provided by operating activities - continuing operations | |||||||||
63,705 | 86,074 | 60,797 | 59,522 | - | - | - | - | - | - |
Net cash provided by (used in) operating activities - discontinued operations | |||||||||
95 | -2,874 | 400 | 5,666 | - | - | - | - | - | - |
Net cash provided by operating activities | |||||||||
63,800 | 83,200 | 61,197 | 65,188 | 69,349 | 64,828 | 80,304 | 88,407 | 69,051 | 44,836 |
Investing activities | |||||||||
Acquisitions, net of cash acquired | |||||||||
0 | 32,101 | 0 | 0 | - | - | 12,640 | 0 | 0 | - |
Capital expenditures | |||||||||
22,097 | 20,908 | 20,417 | 20,293 | 18,728 | 23,278 | 29,587 | 25,481 | 16,436 | 14,375 |
Investment in partnership interest | |||||||||
1,787 | 3,551 | 934 | 1,453 | 0 | - | - | - | - | - |
Proceeds from the sale of property and equipment | |||||||||
- | - | - | - | - | 303 | 0 | 0 | - | - |
Investment in partnership interests | |||||||||
- | - | - | - | - | 0 | - | - | - | - |
Acquisition of noncontrolling interest | |||||||||
- | - | - | - | - | 1,576 | 0 | 0 | - | - |
Purchases of marketable securities | |||||||||
73,680 | 29,216 | 32,640 | 64,308 | 22,426 | 13,887 | 3,500 | 60,211 | 1,030 | 74,707 |
Maturities of marketable securities | |||||||||
66,220 | 31,430 | 30,175 | 25,415 | 7,885 | 55,545 | 51,442 | 10,978 | 23,360 | 64,506 |
Net cash used in investing activities - continuing operations | |||||||||
-31,344 | -54,346 | -23,816 | -60,639 | - | - | - | - | - | - |
Net cash provided by (used in) investing activities - discontinued operations | |||||||||
3,243 | 15,032 | -224 | -291 | - | - | - | - | - | - |
Net cash used in investing activities | |||||||||
-28,101 | -39,314 | -24,040 | -60,930 | -33,269 | 17,107 | 5,715 | -74,714 | 5,894 | -24,576 |
Financing activities | |||||||||
Excess tax benefits from share-based compensation | |||||||||
0 | 1,136 | 439 | 547 | 310 | 69 | 248 | 4,251 | 3,463 | 2,506 |
Net proceeds (payments) for exercise of stock options | |||||||||
1,042 | 5,363 | 1,337 | - | - | - | - | - | - | - |
Taxes paid for restricted stock units | |||||||||
1,197 | 931 | 870 | - | - | - | - | - | - | - |
Net proceeds from exercise of stock options | |||||||||
- | - | - | 5,599 | 3,452 | 628 | 1,634 | 6,842 | 7,501 | 6,156 |
Payment of dividends | |||||||||
19,078 | 18,254 | 18,012 | 17,256 | 0 | 0 | - | - | - | - |
Repurchases of common stock | |||||||||
3,472 | 25,633 | 26,006 | 17,299 | 8,965 | 51,418 | 103,375 | 49,775 | 14,729 | 58,297 |
Net cash used in financing activities - continuing operations | |||||||||
-22,705 | -38,319 | -43,112 | -28,409 | - | - | - | - | - | - |
Net cash used in financing activities - discontinued operations | |||||||||
0 | 0 | 0 | -5,945 | - | - | - | - | - | - |
Payment of contingent consideration included in financing activities | |||||||||
- | - | - | - | 0 | 0 | - | - | - | - |
Net cash used in financing activities | |||||||||
-22,705 | -38,319 | -43,112 | -34,354 | -5,203 | -50,721 | -101,493 | -38,682 | -3,765 | -49,635 |
Effect of foreign exchange rates on cash | |||||||||
2 | -24 | -21 | 2 | 0 | 29 | 35 | 0 | 0 | - |
Net increase (decrease) in cash and cash equivalents | |||||||||
12,996 | 5,543 | -5,976 | -30,094 | 30,877 | 31,243 | -15,439 | -24,989 | 71,180 | -29,375 |
Supplemental disclosures of cash flow information | |||||||||
Income taxes paid | |||||||||
16,616 | 33,093 | 31,171 | 23,061 | 27,486 | 30,947 | 26,340 | 29,563 | 18,980 | 7,455 |
Non-cash investing and financing activities: | |||||||||
Purchase of equipment included in accounts payable and accrued liabilities | |||||||||
379 | 784 | 854 | 799 | 775 | 472 | 348 | 1,110 | -1,135 | - |
Noncontrolling interest contributions | |||||||||
- | - | - | - | - | - | - | 1,346 | 0 | - |
Purchase of equipment included in accounts payable and accrued liabilities | |||||||||
- | - | - | - | - | - | - | - | - | 351 |
Noncontrolling interest contributions | |||||||||
- | - | - | - | - | - | - | - | - | 0 |