Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.3.0.814
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net loss $ (13,118) $ (10,384)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 33,787 30,533
Deferred tax benefit (8,827) (6,011)
Stock-based compensation 30,666 28,794
Excess tax shortfall from stock options 968 0
Impairment of identified intangible assets 20,801  
Loss on disposal and impairment of other long-lived assets 2,968 36
Acquisition-related consideration (3,018) 564
Changes in assets and liabilities, net of assets acquired and liabilities assumed in business combinations:    
Accounts receivable (2,969) 3,043
Customer deposits (76) (3)
Prepaid expenses and other current assets (2,451) (2,445)
Other assets (117) (700)
Accounts payable (726) 3,099
Accrued compensation, taxes and benefits 5,672 (257)
Deferred revenue 3,936 3,140
Other current and long-term liabilities 1,018 645
Net cash provided by operating activities 68,514 50,054
Cash flows from investing activities:    
Purchases of property, equipment and software (18,553) (29,125)
Proceeds from disposal of assets 305 0
Acquisition of businesses, net of cash acquired (45,450) (41,942)
Intangible asset additions (231) 0
Net cash used in investing activities (63,929) (71,067)
Cash flows from financing activities:    
Proceeds from revolving credit facility 51,500 68,572
Payments on revolving credit facility (27,500) (30,000)
Deferred financing costs (8) (992)
Payments on capital lease obligations (429) (420)
Payments of acquisition-related consideration (2,109) (4,007)
Issuance of common stock 2,900 5,168
Excess tax shortfall from stock options (968) 0
Purchase and retirement of treasury stock (36,074) (21,122)
Net cash (used in) provided by financing activities (12,688) 17,199
Net decrease in cash and cash equivalents (8,103) (3,814)
Effect of exchange rate on cash (267) (18)
Cash and cash equivalents:    
Beginning of period 26,936 34,502
End of period 18,566 30,670
Supplemental cash flow information:    
Cash paid for interest 673 678
Cash paid for income taxes, net of refunds 609 358
Non-cash investing activities:    
Accrued fixed assets $ 1,566 $ 1,943