|
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
|
3 Months Ended |
|
Mar. 31, 2013
|
Mar. 31, 2012
|
| Cash flows from operating activities: |
|
|
| Net income (loss) |
$ (1,128) |
$ 988 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: |
|
|
| Depreciation of property and equipment |
7,495 |
5,965 |
| Amortization of intangibles |
7,509 |
7,264 |
| Deferred income taxes |
1,629 |
(1,156) |
| Provision for accounts receivable losses |
770 |
603 |
| Share-based compensation |
3,218 |
4,471 |
| Other |
385 |
230 |
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable |
6,530 |
10,102 |
| Other assets |
68 |
(4,606) |
| Accounts payable and other liabilities |
(5,198) |
(11,453) |
| Deferred revenue |
295 |
(377) |
| Net cash provided by operating activities |
21,573 |
12,031 |
| Cash flows from investing activities: |
|
|
| Purchases of property and equipment |
(3,078) |
(5,445) |
| Capitalized costs of developing software |
(3,844) |
(2,940) |
| Long-term investment |
|
(1,000) |
| Proceeds from sale of short-term investments |
314 |
3,350 |
| Other |
8 |
(13) |
| Net cash used in investing activities |
(6,600) |
(6,048) |
| Cash flows from financing activities: |
|
|
| Proceeds from issuance of common stock, net of costs |
93 |
91 |
| Repayments of capital leases |
(85) |
(133) |
| Repayments of long-term debt |
(51,225) |
(26,225) |
| Net cash used in financing activities |
(51,217) |
(26,267) |
| Effect of exchange rate changes on cash and cash equivalents |
(946) |
580 |
| Net decrease in cash and cash equivalents |
(37,190) |
(19,704) |
| Cash and cash equivalents at beginning of year |
84,520 |
72,575 |
| Cash and cash equivalents at end of period |
47,330 |
52,871 |
| Supplemental disclosures of cash flow information: |
|
|
| Cash paid for interest |
6,551 |
7,238 |
| Cash (received) paid for income taxes |
$ (1,420) |
$ 3,619 |