Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net income $ 17,446 $ 18,927
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Impairment of goodwill and intangible assets 0 3,939
Depreciation and amortization 15,055 15,676
Loss on Disposition of Property Plant Equipment, Total 235 0
Deferred taxes (423) 1,121
Stock-based compensation 916 692
Earn-out obligation adjustment 108 (4,529)
Assets Held-for-sale 163 0
Changes in operating assets and liabilities:    
Receivables, net 19,857 7,805
Inventories 1,292 (1,379)
Other current assets and noncurrent assets (6,339) (362)
Accounts payable and deferred compensation (3,293) (3,398)
Accrued expenses and other current liabilities (4,631) 3,161
Other liabilities (236) 344
Long-term lease obligations (765) (949)
Net cash provided by operating activities 39,385 41,048
Cash flows from investing activities:    
Purchases of property and equipment (3,259) (11,635)
Cash paid for acquisitions, net of cash acquired 0 (4,607)
Net cash used in investing activities (3,259) (16,242)
Cash flows from financing activities:    
Borrowings on loan arrangement 217,297 208,142
Repayments on loan arrangement (252,596) (223,551)
Earn-out obligation payments (180) (7,447)
Payments on capital lease obligations (537) (374)
Dividends paid (1,331) (1,161)
Net cash (used in) provided by financing activities (37,347) (24,391)
Net increase (decrease) in cash and cash equivalents (1,221) 415
Cash and cash equivalents at beginning of period 1,501 451
Cash and cash equivalents at end of period $ 280 $ 866