Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net loss $ (366) $ (39)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 14,016 9,544
Deferred tax benefit (767) (86)
Stock-based compensation 9,822 2,386
Loss on sale of assets 395 3
Acquisition-related contingent consideration 105 0
Changes in assets and liabilities, net of assets acquired and liabilities assumed in business combinations:    
Accounts receivable (4,034) 2,601
Customer deposits 17 (332)
Other current assets (1,208) (1,744)
Other assets (493) (1,915)
Accounts payable 1,941 733
Accrued compensation, taxes and benefits (1,336) (63)
Deferred revenue 2,275 (3,075)
Other current and long-term liabilities (1,146) 184
Net cash provided by operating activities 19,221 8,197
Cash flows from investing activities:    
Purchases of property, equipment and software (5,642) (4,718)
Acquisition of businesses, net of cash acquired (20,031) (13,292)
Net cash used by investing activities (25,673) (18,010)
Cash flows from financing activities:    
Stock issuance costs from public offerings (775) 0
Proceeds from notes payable 0 10,000
Payments on notes payable (5,391) (4,745)
Proceeds from revolving credit facility, net 0 5,673
Payments on capital lease obligations (351) (610)
Issuance of common stock 7,437 217
Purchase of treasury stock (473) (4)
Net cash provided by financing activities 447 10,531
Net (decrease) increase in cash and cash equivalents (6,005) 718
Effect of exchange rate on cash (20) (13)
Cash and cash equivalents:    
Beginning of period 118,010 4,427
End of period 111,985 5,132
Supplemental cash flow information:    
Cash paid for interest 1,390 2,631
Cash paid for income taxes, net of refunds 665 202
Non-cash financing activities:    
Accrued dividends and accretion of preferred stock 0 2,376
Conversion of preferred stock to common shares $ 0 $ 726