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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net income $ 8,749 $ 5,526
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 4,041 4,203
Amortization of intangible assets 419 445
Net losses from investments 54 9
Deferred income taxes (1,409) (1,514)
Stock-based compensation 3,761 3,661
Amortization of premium on investments 187 381
Foreign currency losses 147 70
Changes in assets and liabilities    
Accounts receivable 24,445 24,353
Deferred commissions 1,953 2,769
Prepaid expenses and other current assets 892 (511)
Accounts payable 189 (195)
Accrued expenses and other liabilities (10,891) (7,268)
Deferred revenue (1,915) (7,168)
Net cash provided by operating activities 30,622 24,761
Cash flows from investing activities:    
Purchases of property and equipment (2,318) (1,678)
Purchases of marketable investments (23,902) (18,575)
Proceeds from sales and maturities of marketable investments 14,025 12,478
Other investing activity (35) 266
Net cash used in investing activities (12,230) (7,509)
Cash flows from financing activities:    
Dividends paid on common stock (6,428) (6,126)
Repurchases of common stock   (11,786)
Proceeds from issuance of common stock under employee equity incentive plans 4,147 1,906
Excess tax benefits from stock-based compensation 70 31
Net cash used in financing activities (2,211) (15,975)
Effect of exchange rate changes on cash and cash equivalents (656) (764)
Net increase in cash and cash equivalents 15,525 513
Cash and cash equivalents, beginning of period 53,331 49,650
Cash and cash equivalents, end of period $ 68,856 $ 50,163