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
 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
OPERATING ACTIVITIES    
Net Income $ 88,418 $ 79,116
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 28,845 27,825
Provision for deferred income taxes 4,752 2,545
Provision for bad debts 8,411 5,920
Stock based compensation expense 7,125 5,645
Excess tax benefits from share-based payments (3,031) (2,270)
Other, net (287) (645)
Changes in operating assets and liabilities (14,121) (3,030)
Net cash provided by operating activities 120,112 115,106
INVESTING ACTIVITIES    
Cash used for acquisitions of companies, net of cash acquired (10,485) (9,262)
Purchases of equipment and property (11,754) (13,381)
Other 511 219
Net cash used in investing activities (21,728) (22,424)
FINANCING ACTIVITIES    
Repayments, under line of credit agreement, net   (26,000)
Cash paid for common stock purchased (19,938) (28,825)
Dividends paid (35,108) (30,890)
Changes in cash overdraft position, net   1,000
Proceeds received upon exercise of stock options   19
Principal payments on capital lease obligations   (38)
Excess tax benefits from share-based payments 3,031 2,270
Net cash used in financing activities (52,015) (82,464)
Effect of exchange rate changes on cash 1,069 (912)
Net increase in cash and cash equivalents 47,438 9,306
Cash and cash equivalents at beginning of period 46,275 20,913
Cash and cash equivalents at end of period $ 93,713 $ 30,219