XML 17 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income $ 3,030 $ 1,289
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,679 1,965
Amortization of intangible assets 191 209
Net losses from investments 203  
Deferred income taxes (257) (177)
Stock-based compensation 2,049 2,135
Amortization of premium on investments 61 107
Foreign currency losses 215 464
Changes in assets and liabilities    
Accounts receivable 3,839 18,138
Deferred commissions (235) 213
Prepaid expenses and other current assets 138 (2,987)
Accounts payable (1,485) 763
Accrued expenses and other liabilities (11,512) (14,125)
Deferred revenue 21,538 13,582
Net cash provided by operating activities 19,454 21,576
Cash flows from investing activities:    
Purchases of property and equipment (1,540) (1,144)
Purchases of marketable investments (11,503) (2,206)
Proceeds from sales and maturities of marketable investments 12,200 8,710
Other investing activity 184 (20)
Net cash provided by (used in) investing activities (659) 5,340
Cash flows from financing activities:    
Dividends paid on common stock (3,462) (3,201)
Repurchases of common stock (21,453)  
Proceeds from issuance of common stock under employee equity incentive plans 2,723 1,182
Taxes paid related to net share settlements of stock-based compensation awards (56) (25)
Net cash used in financing activities (22,248) (2,044)
Effect of exchange rate changes on cash and cash equivalents 671 451
Net increase (decrease) in cash and cash equivalents (2,782) 25,323
Cash and cash equivalents, beginning of period 76,958 53,331
Cash and cash equivalents, end of period $ 74,176 $ 78,654