Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
OPERATING ACTIVITIES    
Net Income $ 23,080 $ 18,640
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 9,767 9,200
Provision for deferred income taxes 2,506 487
Provision for bad debts 112 862
Stock based compensation expense 2,372 1,882
Excess tax benefits from share-based payments (2,590) (70)
Other, net (58) (107)
Changes in operating assets and liabilities 1,900 2,060
Net cash provided by operating activities 37,089 32,954
INVESTING ACTIVITIES    
Cash used for acquisitions of companies, net of cash acquired (6,826) (4,413)
Purchases of equipment and property (3,714) (3,345)
Other 142 160
Net cash used in investing activities (10,398) (7,598)
FINANCING ACTIVITIES    
Repayments, under line of credit agreement, net   (1,000)
Cash paid for common stock purchased (4,688) (7,710)
Dividends paid (11,726) (10,318)
Changes in cash overdraft position, net   (4,500)
Principal payments on capital lease obligations   (20)
Excess tax benefits from share-based payments 2,590 70
Net cash used in financing activities (13,824) (23,478)
Effect of exchange rate changes on cash 542 549
Net increase in cash and cash equivalents 13,409 2,427
Cash and cash equivalents at beginning of period 46,275 20,913
Cash and cash equivalents at end of period $ 59,684 $ 23,340