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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows provided by (used in) operating activities:    
Net income $ 3,257 $ 7,377
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 421 389
Stock-based compensation 1,932 1,582
Net loss on investment in marketable securities 3,644 0
Net loss on derivative instruments 2,728 0
Deferred income taxes (124) 280
Foreign currency remeasurement gains 139 32
Shares issued to an employee in lieu of cash compensation 84 0
Other 5 45
Changes in operating assets and liabilities:    
Accounts and other receivables 47 (694)
Prepaid expenses and other current assets 3,882 667
Long-term deposits 5,072 (60)
Other assets 997 1,408
Accounts payable 74 (7)
Accrued compensation 570 640
Other current liabilities (872) 610
Deferred revenue (2,542) (2,476)
Other long-term liabilities (675) (739)
Net cash provided by operating activities 18,639 9,054
Cash flows provided by (used in) investing activities:    
Purchases of marketable securities (71,959) 0
Proceeds from sale or maturities of marketable securities and other investments 64,876 0
Proceeds from sale of derivative instruments 9,272 0
Payments for settlement of derivative instruments (8,903) 0
Purchases of property and equipment (8) (88)
Net cash used in investing activities (6,722) (88)
Cash flows provided by (used in) financing activities:    
Payment for purchases of treasury stock (6,056) 0
Proceeds from issuance of common stock, net of issuance costs 5 35,833
Proceeds from issuance of common stock under employee stock purchase plan 34 89
Proceeds from stock options exercises 0 2,864
Net cash provided by (used in) financing activities (6,017) 38,786
Net increase in cash and cash equivalents 5,900 47,752
Cash and cash equivalents:    
Beginning of period 51,490 59,522
End of period 57,390 107,274
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 647 13
Supplemental disclosure of non-cash investing, and financing activities:    
Release of restricted stock units and awards under company stock plan 1,557 4,016
Leased assets obtained in exchange for new operating lease liabilities $ 120 $ 0