Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities:      
Net income $ 21,294 $ 20,552 $ 23,687
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Impairment of goodwill and intangible assets 8,953 0 0
Depreciation and amortization 21,162 15,099 8,937
Deferred taxes (1,253) 1,283 (728)
Stock-based compensation 744 1,033 1,705
Earn-out obligation adjustment (4,337) (2,486) 0
Changes in operating assets and liabilities, net of impact of acquisition:      
Receivables, net 25,051 51,323 26,061
Inventories 435 (4,758) 0
Other current assets and noncurrent assets 5,938 (3,420) (4,396)
Accounts payable and deferred compensation (17,279) (31,596) (35,682)
Accrued expenses and other current liabilities (1,719) (12,744) (1,571)
Other liabilities 992 108 (14)
Long-term lease obligations (506) (91) (42)
Net cash provided by operating activities 59,475 34,303 17,957
Cash flows from investing activities:      
Purchases of property and equipment (20,863) (6,635) (4,805)
Cash paid for acquisitions, net of cash acquired (4,607) (174,945) (30,204)
Net cash used in investing activities (25,470) (181,580) (35,009)
Cash flows from financing activities:      
Borrowings on loan arrangement 269,388 471,303 174,926
Repayments on loan arrangement (293,409) (324,848) (157,148)
Earn-out obligation payments (6,787) (1,384) (1,845)
Payments on capital lease obligations (562) 0 0
Payment of debt financing costs 0 (1,747) 0
Dividends paid (1,585) (1,360) (1,141)
Net cash (used in) provided by financing activities (32,955) 141,964 14,792
Net increase (decrease) in cash and cash equivalents 1,050 (5,313) (2,260)
Cash and cash equivalents at beginning of year 451 5,764 8,024
Cash and cash equivalents at end of year 1,501 451 5,764
Cash paid for: [Abstract]      
Interest 5,512 3,149 359
Income taxes $ 10,686 $ 12,625 $ 15,466