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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
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Mar. 31, 2015
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Mar. 31, 2014
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| OPERATING ACTIVITIES | ||
| Net Income | $ 30,281us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic | $ 25,766us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 10,781us-gaap_DepreciationDepletionAndAmortization | 10,214us-gaap_DepreciationDepletionAndAmortization |
| Provision for deferred income taxes | 1,479us-gaap_DeferredIncomeTaxExpenseBenefit | 1,542us-gaap_DeferredIncomeTaxExpenseBenefit |
| Provision for bad debts | 1,502us-gaap_ProvisionForDoubtfulAccounts | 1,301us-gaap_ProvisionForDoubtfulAccounts |
| Stock based compensation expense | 2,865us-gaap_ShareBasedCompensation | 2,765us-gaap_ShareBasedCompensation |
| Excess tax benefits from share-based payments | (2,281)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities | (3,386)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities |
| Other, net | (136)us-gaap_OtherNoncashIncomeExpense | (590)us-gaap_OtherNoncashIncomeExpense |
| Changes in operating assets and liabilities | (437)us-gaap_IncreaseDecreaseInOperatingCapital | 3,570us-gaap_IncreaseDecreaseInOperatingCapital |
| Net cash provided by operating activities | 44,054us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 41,182us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
| INVESTING ACTIVITIES | ||
| Cash used for acquisitions of companies, net of cash acquired | (28,245)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired | (53,575)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired |
| Purchases of equipment and property | (8,311)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (5,156)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Cash from sale of franchises | 120us-gaap_ProceedsFromDivestitureOfBusinesses | 90us-gaap_ProceedsFromDivestitureOfBusinesses |
| Other | 269us-gaap_PaymentsForProceedsFromOtherInvestingActivities | 446us-gaap_PaymentsForProceedsFromOtherInvestingActivities |
| Net cash used in investing activities | (36,167)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (58,195)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
| FINANCING ACTIVITIES | ||
| Cash paid for common stock purchased | (6,491)us-gaap_PaymentsForRepurchaseOfCommonStock | (6,640)us-gaap_PaymentsForRepurchaseOfCommonStock |
| Dividends paid | (17,483)us-gaap_PaymentsOfDividendsCommonStock | (15,301)us-gaap_PaymentsOfDividendsCommonStock |
| Excess tax benefits from share-based payments | 2,281us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities | 3,386us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities |
| Net cash used in financing activities | (21,693)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | (18,555)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations |
| Effect of exchange rate changes on cash | (1,177)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations | 481us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations |
| Net decrease in cash and cash equivalents | (14,983)us-gaap_NetCashProvidedByUsedInContinuingOperations | (35,087)us-gaap_NetCashProvidedByUsedInContinuingOperations |
| Cash and cash equivalents at beginning of period | 108,372us-gaap_CashAndCashEquivalentsAtCarryingValue | 118,216us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash and cash equivalents at end of period | $ 93,389us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 83,129us-gaap_CashAndCashEquivalentsAtCarryingValue |
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- Details
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The effect of exchange rate changes on cash balances in continuing operations held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow from realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash outflow for realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period of all assets and liabilities used in operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) in cash associated with the entity's continuing operating, investing, and financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. No definition available.
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Other income (expense) included in net income that results in no cash inflows or outflows in the period. Includes noncash adjustments to reconcile net income (loss) to cash provided by (used in) operating activities that are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash outflow or inflow from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow associated with the amount received from the sale of a portion of the company's business, for example a segment, division, branch or other business, during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of expense related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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