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
 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:    
Net income $ 18,927 $ 14,503
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Impairment of goodwill and intangible assets 3,939 0
Depreciation and amortization 15,676 10,014
Deferred taxes 1,121 422
Stock-based compensation 692 786
Earn-out obligation adjustment (4,529) (1,533)
Changes in operating assets and liabilities, net of impact of acquisition:    
Receivables, net 7,805 54,450
Inventories (1,379) (2,807)
Other current assets and noncurrent assets (362) (7,031)
Accounts payable and deferred compensation (3,398) (30,699)
Accrued expenses and other current liabilities 3,161 (7,372)
Other liabilities 344 5
Long-term lease obligations (949) 17
Net cash provided by operating activities 41,048 30,755
Cash flows from investing activities:    
Purchases of property and equipment (11,635) (3,820)
Cash paid for acquisitions, net of cash acquired (4,607) (174,933)
Net cash used in investing activities (16,242) (178,753)
Cash flows from financing activities:    
Borrowings on loan arrangement 208,142 411,473
Repayments on loan arrangement (223,551) (264,812)
Earn-out obligation payments (7,447) (1,384)
Payments on capital lease obligations (374) 0
Payment of debt financing costs 0 (1,734)
Dividends paid (1,161) (993)
Net cash (used in) provided by financing activities (24,391) 142,550
Net increase (decrease) in cash and cash equivalents 415 (5,448)
Cash and cash equivalents at beginning of period 451 5,764
Cash and cash equivalents at end of period $ 866 $ 316