XML 17 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows provided by operating activities:    
Net income (loss) $ (1,233,000) $ 1,720,000
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization of property and equipment 677,000 772,000
Amortization of intangibles 6,000 18,000
Stock-based compensation 4,803,000 4,245,000
Allowance for doubtful accounts 2,000 (6,000)
Loss on disposal of equipment 0 10,000
Income from discontinued operations 649,000 0
Changes in operating assets and liabilities:    
Accounts and other receivables (2,037,000) 1,524,000
Deferred income taxes (1,228,000) 10,417,000
Prepaid income taxes 493,000 (7,495,000)
Prepaid expenses and other current assets (205,000) (2,177,000)
Other operating assets (258,000) (24,000)
Accounts payable 1,768,000 870,000
Accrued compensation and other current liabilities (342,000) 1,169,000
Deferred revenue 25,899,000 1,041,000
Other long-term liabilities (173,000) 240,000
Net cash provided by operating activities 27,523,000 12,324,000
Cash flows provided by investing activities:    
Purchases of short-term investments (25,360,000) (28,972,000)
Proceeds from maturities of short-term investments 32,500,000 38,000,000
Purchases of property and equipment (169,000) (4,383,000)
Proceeds from discontinued operations 1,000,000 0
Net cash provided by investing activities 7,971,000 4,645,000
Cash flows provided by financing activities:    
Issuance of common stock under employee stock purchase plan 307,000 367,000
Exercise of stock options 1,889,000 1,451,000
Purchase of treasury stock (729,000) 0
Net cash provided by financing activities 1,467,000 1,818,000
Net increase in cash and cash equivalents 36,961,000 18,787,000
Cash and cash equivalents:    
Beginning of period 25,013,000 14,380,000
End of period 61,974,000 33,167,000
Supplemental disclosure of cash flow information    
Cash paid (received) for taxes (427,000) 136,000
Supplemental disclosure of noncash operating, investing, and financing activities    
Amounts accrued for property and equipment 5,000 30,000
Release of Restricted Stock Units and Awards under company stock plan $ 1,945,000 $ 2,771,000