Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net loss $ (4,926) $ (7,127)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 21,874 19,571
Deferred tax benefit (1,654) (3,850)
Stock-based compensation 21,997 19,258
Excess tax benefit from stock options 637 0
Loss on disposal and impairment of assets 2,803 20
Acquisition-related contingent consideration 493 (66)
Changes in assets and liabilities, net of assets acquired and liabilities assumed in business combinations:    
Accounts receivable 13 6,795
Customer deposits 178 (1)
Prepaid expenses and other current assets (171) (1,187)
Other assets 181 (888)
Accounts payable 1,086 7,458
Accrued compensation, taxes and benefits 4,874 (84)
Deferred revenue 1,325 1,588
Other current and long-term liabilities 84 1,261
Net cash provided by operating activities 48,794 42,748
Cash flows from investing activities:    
Purchases of property, equipment and software (11,077) (19,135)
Proceeds from disposal of assets 305 0
Acquisition of businesses, net of cash acquired (45,450) (42,053)
Intangible asset additions (171) 0
Net cash used in investing activities (56,393) (61,188)
Cash flows from financing activities:    
Proceeds from revolving credit facility 44,000 25,000
Payments on revolving credit facility (14,000) 0
Deferred financing costs (8) 0
Payments on capital lease obligations (286) (280)
Payments of deferred acquisition-related consideration (1,234) (748)
Issuance of common stock 1,469 5,016
Excess tax benefit from stock options (637) 0
Purchase and retirement of treasury stock (19,083) (5,824)
Net cash provided by financing activities 10,221 23,164
Net increase in cash and cash equivalents 2,622 4,724
Effect of exchange rate on cash (236) (9)
Cash and cash equivalents:    
Beginning of period 26,936 34,502
End of period 29,322 39,217
Supplemental cash flow information:    
Cash paid for interest 350 282
Cash paid for income taxes, net of refunds 482 287
Non-cash investing activities:    
Accrued fixed assets $ 1,407 $ 1,436