Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
OPERATING ACTIVITIES    
Net Income $ 66,626 $ 59,173
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 20,822 19,662
Provision for deferred income taxes 509 963
Provision for bad debts 2,813 2,438
Stock based compensation expense 5,367 5,092
Excess tax benefits from share-based payments (4,455) (3,132)
Other, net (899) (63)
Changes in operating assets and liabilities (772) (10,992)
Net cash provided by operating activities 90,011 73,141
INVESTING ACTIVITIES    
Cash used for acquisitions of companies, net of cash acquired (59,660) (2,617)
Purchases of equipment and property (11,471) (9,614)
Other 1,108 233
Net cash used in investing activities (70,023) (11,998)
FINANCING ACTIVITIES    
Cash paid for common stock purchased (12,789) (9,145)
Dividends paid (30,612) (26,296)
Proceeds received upon exercise of stock options    6
Excess tax benefits from share-based payments 4,455 3,132
Net cash used in financing activities (38,946) (32,303)
Effect of exchange rate changes on cash 2,261 (2,325)
Net increase/(decrease) in cash and cash equivalents (16,697) 26,515
Cash and cash equivalents at beginning of period 118,216 65,082
Cash and cash equivalents at end of period $ 101,519 $ 91,597