|
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
|
9 Months Ended |
|
Sep. 30, 2013
|
Sep. 30, 2012
|
| Cash flows from operating activities: |
|
|
| Net income (loss) |
$ 604 |
$ (219,010) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: |
|
|
| Goodwill impairment |
|
208,166 |
| Depreciation of property and equipment |
19,855 |
19,117 |
| Amortization of intangibles |
22,506 |
22,286 |
| Deferred income taxes |
(2,770) |
7,167 |
| Provision for accounts receivable losses |
1,561 |
2,510 |
| Share-based compensation |
9,672 |
13,816 |
| Loss on sale of Springbox unit |
|
1,000 |
| Other |
616 |
672 |
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable |
8,980 |
8,204 |
| Other assets |
8,471 |
3,504 |
| Accounts payable and other liabilities |
(1,868) |
(14,592) |
| Deferred revenue |
208 |
(852) |
| Net cash provided by operating activities |
67,835 |
51,988 |
| Cash flows from investing activities: |
|
|
| Purchases of property and equipment |
(7,238) |
(17,166) |
| Capitalized costs of developing software |
(12,064) |
(9,491) |
| Acquisitions, net of cash acquired |
|
(10,089) |
| Long-term investment |
|
(1,017) |
| Proceeds from sale of short-term investments |
314 |
10,390 |
| Other |
1,179 |
(141) |
| Net cash used in investing activities |
(17,809) |
(27,514) |
| Cash flows from financing activities: |
|
|
| Proceeds from issuance of common stock, net of costs |
1,404 |
174 |
| Payment of debt amendment costs |
(2,635) |
|
| Payments on seller financing, earnouts and other |
(4,031) |
(398) |
| Repayments of long-term debt |
(68,375) |
(28,675) |
| Net cash used in financing activities |
(73,637) |
(28,899) |
| Effect of exchange rate changes on cash and cash equivalents |
(686) |
451 |
| Net decrease in cash and cash equivalents |
(24,297) |
(3,974) |
| Cash and cash equivalents at beginning of year |
84,520 |
72,575 |
| Cash and cash equivalents at end of period |
60,223 |
68,601 |
| Supplemental disclosures of cash flow information: |
|
|
| Cash paid for interest |
21,891 |
20,916 |
| Cash (received) for income taxes |
(1,145) |
(1,184) |
| Non-cash component of purchase price to acquire a business |
|
5,645 |
| Landlord lease incentives |
|
$ 5,599 |