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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 6,790 $ 4,756
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,235 2,666
Stock-based compensation expense 3,644 3,117
Deferred income taxes 690 658
Excess tax benefits from stock-based awards (348) (859)
Allowance for doubtful accounts 904 1,157
Other non-cash charges 194 246
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivable 1,560 (4,747)
Decrease in prepaid expenses and other assets, net 1 1,953
Increase (Decrease) in Accrued Salaries (1,413) (2,792)
Increase in accounts payable and accrued expenses 668 2,075
Decrease in deferred revenue (2,959) (426)
Decrease in deferred rent (338) (240)
Increase (decrease) in other liabilities, net 5 (119)
Net cash provided by operating activities 12,633 7,445
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (62) (469)
Additions to capitalized software (1,924) (1,567)
Proceeds from Sale, Maturity and Collection of Investments 2,598 2,600
Purchases of US Treasury Bills (2,598) (2,595)
Proceeds from the sale of property and equipment 0 185
Other investing activities 0 (45)
Net cash used in investing activities (1,986) (1,891)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repurchase of common stock (1,421) (8,807)
Proceeds pursuant to employee stock-based compensation plans 565 186
Excess tax benefits from stock-based awards 348 859
Surrender of restricted common stock for income tax purposes (1,987) (2,149)
Net cash used in financing activities (2,495) (9,911)
Increase (decrease) in cash and cash equivalents 8,152 (4,357)
Cash and cash equivalents at beginning of period 88,509 89,955
Cash and cash equivalents at end of period 96,661 85,598
Income Taxes Paid, Net $ 1,297 $ 28