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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income $ 12,299 $ 11,324
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 4,545 4,854
Impairment of property and equipment 0 626
Amortization of intangible assets 7,871 9,425
Net gains from investments 0 (2,365)
Deferred income taxes (4,620) (1,737)
Stock-based compensation 4,889 5,266
Operating lease right-of-use assets, amortization, and impairments 5,701 7,417
Amortization of deferred financing fees 467 490
Foreign currency (gains) losses 778 (2)
Changes in assets and liabilities:    
Accounts receivable 20,468 29,955
Deferred commissions 4,377 5,295
Prepaid expenses and other current assets 2,371 404
Accounts payable 385 704
Accrued expenses and other liabilities 13,668 (33,548)
Deferred revenue 29,999 (6,902)
Operating lease liabilities 5,769 (6,204)
Net cash provided by operating activities 70,093 25,002
Cash flows from investing activities:    
Purchases of property and equipment (5,243) (5,110)
Net cash used in investing activities (5,243) (5,110)
Cash flows from financing activities:    
Payments on borrowings (6,250) (18,688)
Repurchases of common stock (2,673) 0
Proceeds from issuance of common stock under employee equity incentive plans 3,065 2,010
Taxes paid related to net share settlements of stock-based compensation awards (595) (951)
Net cash used in financing activities (6,453) (17,629)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (122) (2,254)
Net change in cash, cash equivalents and restricted cash 58,275 9
Cash, cash equivalents and restricted cash, beginning of period 90,652 69,192
Cash, cash equivalents and restricted cash, end of period 148,927 69,201
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,732 2,368
Cash paid (received) for income taxes $ 5,066 $ (273)