Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

 v2.3.0.11
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
OPERATING ACTIVITIES    
Net Income $ 49,701 $ 45,283
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 18,488 17,967
Provision for deferred income taxes 1,423 232
Provision for bad debts 3,080 2,197
Stock based compensation expense 3,764 4,221
Excess tax benefits from share-based payments (138) (448)
Other, net (419) (183)
Changes in operating assets and liabilities (1,559) (10,232)
Net cash provided by operating activities 74,340 59,037
INVESTING ACTIVITIES    
Cash used for acquisitions of companies, net of cash acquired (7,986) (2,173)
Purchases of equipment and property (7,600) (4,522)
Other 212 131
Net cash used in investing activities (15,374) (6,564)
FINANCING ACTIVITIES    
Repayments, under line of credit agreement, net (16,000) (5,000)
Cash paid for common stock purchased (18,133) (21,323)
Dividends paid (20,626) (17,856)
Changes in cash overdraft position 500 1,000
Proceeds received upon exercise of stock options 11 251
Principal payments on capital lease obligations (38) (157)
Excess tax benefits from share-based payments 138 448
Net cash used in financing activities (54,148) (42,637)
Effect of exchange rate changes on cash 89 (54)
Net increase in cash and cash equivalents 4,907 9,782
Cash and cash equivalents at beginning of period 20,913 9,504
Cash and cash equivalents at end of period $ 25,820 $ 19,286