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
 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
OPERATING ACTIVITIES    
Net Income $ 56,207 $ 49,701
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 19,380 18,488
Provision for deferred income taxes 2,960 1,423
Provision for bad debts 3,078 3,080
Stock based compensation expense 4,749 3,764
Excess tax benefits from share-based payments (2,932) (138)
Other, net (71) (419)
Changes in operating assets and liabilities (9,766) (1,559)
Net cash provided by operating activities 73,605 74,340
INVESTING ACTIVITIES    
Cash used for acquisitions of companies, net of cash acquired (10,099) (7,986)
Purchases of equipment and property (7,419) (7,600)
Other 372 212
Net cash used in investing activities (17,146) (15,374)
FINANCING ACTIVITIES    
Repayments, under line of credit agreement, net   (16,000)
Cash paid for common stock purchased (19,938) (18,133)
Dividends paid (23,435) (20,626)
Changes in cash overdraft position, net   500
Proceeds received upon exercise of stock options   11
Principal payments on capital lease obligations   (38)
Excess tax benefits from share-based payments 2,932 138
Net cash used in financing activities (40,441) (54,148)
Effect of exchange rate changes on cash (233) 89
Net increase in cash and cash equivalents 15,785 4,907
Cash and cash equivalents at beginning of period 46,275 20,913
Cash and cash equivalents at end of period $ 62,060 $ 25,820