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Net cash used in investing activities in 2010 was primarily attributable to cash acquisition of businesses and purchase of available
-for-sale investments.
Net cash provided by financing activities was approximately $158.4 million , $0.3 million and $2.7 million for the year ended December 31, 2012 , 2011 and 2010
,
respectively. Net cash provided by financing activities in 2012 was primarily attributable to the proceeds from the sale of long-
term debt and from the exercise of stock options
and excess tax benefit from share-
based compensation, partially offset by the repurchase of stock and dividends paid. Net cash provided by financing activities in 2011 was
primarily attributable from the exercise of stock options and excess tax benefit from share-
based compensation, partially offset by dividends paid. Net cash provided by
financing activities in 2010 was primarily attributable from the exercise of options and excess tax benefit from share-
based compensation, partially offset by the repurchases of
our common stock.
Stock Repurchase Program
Effective February 15, 2012, our Board of Directors authorized the repurchase of up to five million shares of our common stock through February 20, 2013 (See Note
21 - Subsequent Events for discussion regarding the extension of the share repurchase program to February 20, 2014).
Contractual Obligations and Commitments
The following table summarizes our contractual obligations and commitments as of December 31, 2012 :
________________________
As of December 31, 2012 , our liability for uncertain tax positions was $37.7 million
. The future payments related to uncertain tax positions have not been presented in
the table above due to the uncertainty of the amounts and timing of cash settlement with the taxing authorities.
- 41 -
Payment Due by Period (in thousands)
Contractual Obligations
1 Year
2-3 Years 4-5 Years
More than 5
Years Total
Long-term debt - principal (a)
$
—
$
—
$
—
$
250,000
$
250,000
Long-term debt - interest (b)
20,000
40,000
40,000
60,000
160,000
Operating leases (c)
4,471
6,720
3,723
3,503
18,417
Mandatorily redeemable financial instrument - dividends (d)
1,466
2,567
2,567
—
6,600
Mandatorily redeemable financial instrument - redemption (e) — —
8,556
—
8,556
Telecom services and co-location facilities (f)
3,044
772
385
—
4,201
Holdback payment (g)
2,740
458
— —
3,198
Other (h)
657
264
120
—
1,041
Total
$
32,378
$
50,781
$
55,351
$
313,503
$
452,013
(a) These amounts represent principal on long-
term debt.
(b) These amounts represent interest on long-
term debt.
(c)
These amounts represent undiscounted future minimum rental commitments under noncancellable leases.
(d) These amounts represent the non-
controlling interest portion of dividends accrued on the mandatorily redeemable financial instrument.
(e) These amounts represent the non-
controlling interest portion of the redemption amount with respect to the mandatorily redeemable financial instrument.
(f)
These amounts represent service commitments to various telecommunication providers.
(g)
These amounts primarily represent the holdback amounts in connection with certain business acquisitions.
(h)
These amounts primarily represent certain consulting and Board of Director fee arrangements and software license commitments.