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consolidated statements of cash flows |
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In thousands Years ended December 31, |
1996 |
|
|
1995 |
|
|
1994 |
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| |
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Operating Activities |
|
|
|
|
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|
|
|
|
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Net earnings |
|
$ 24,263 |
|
|
17,395 |
|
|
13,217 |
|
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|
Adjustments to reconcile net earnings to net cash provided by operating activities: |
|
|
|
|
|
|
|
|
|
|
| |
Provision for losses on accounts receivable |
|
2,120 |
|
|
710 |
|
|
1,322 |
|
|
| |
Depreciation and amortization |
|
8,147 |
|
|
6,629 |
|
|
4,919 |
|
|
| |
Deferred income tax benefit |
|
(37 |
) |
|
(340 |
) |
|
(2,461 |
) |
|
| |
Amortization of cost in excess of net assets of acquired businesses |
|
363 |
|
|
320 |
|
|
244 |
|
|
| |
Changes in operating assets and liabilities: |
|
|
|
|
|
|
|
|
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| |
|
Increase in accounts receivable |
|
(45,795 |
) |
|
(24,054 |
) |
|
(15,725 |
) |
|
|
|
Increase in accounts payable, accrued expenses and taxes payable |
|
35,669 |
|
|
24,525 |
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9,571 |
|
|
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Other |
|
(563 |
) |
|
(1,641 |
) |
|
107 |
|
|
|
|
|
|
|
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Net cash provided by operating activities (balances carried forward) |
|
24,167 |
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|
23,544 |
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11,194 |
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next page, 2 of 2
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