Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
OPERATING ACTIVITIES    
Net Income $ 107,747 $ 95,373
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 32,259 29,738
Provision for deferred income taxes (1,132) 397
Provision for bad debts 7,300 6,656
Stock based compensation expense 7,954 7,809
Excess tax benefits from share-based payments (4,533) (3,535)
Other, net (694) (323)
Changes in operating assets and liabilities 8,526 (8,596)
Net cash provided by operating activities 157,427 127,519
INVESTING ACTIVITIES    
Cash used for acquisitions of companies, net of cash acquired (59,660) (12,143)
Purchases of equipment and property (22,694) (13,294)
Other 1,333 428
Net cash used in investing activities (81,021) (25,009)
FINANCING ACTIVITIES    
Cash paid for common stock purchased (35,497) (13,705)
Dividends paid (45,945) (39,432)
Proceeds received upon exercise of stock options    6
Excess tax benefits from share-based payments 4,533 3,535
Net cash used in financing activities (76,909) (49,596)
Effect of exchange rate changes on cash (3,497) (1,262)
Net increase/(decrease) in cash and cash equivalents (4,000) 51,652
Cash and cash equivalents at beginning of period 118,216 65,082
Cash and cash equivalents at end of period $ 114,216 $ 116,734