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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities:      
Net income $ 48,148 $ 51,569 $ 29,376
Adjustments to reconcile net income to net cash from operating activities:      
Stock-based compensation 16,300 13,253 11,653
Depreciation and amortization of acquired intangible assets 44,208 38,589 38,139
Impairment of intangible asset 50,900 0 0
Reduction of right-of-use assets 4,425 0 0
Restructuring (non-cash) 0 0 1,569
Deferred income taxes (67,549) (3,039) (16,159)
Amortization of premium on investments, net, and debt issuance costs 1,042 833 1,099
Accretion of debt discounts 228 163 1,947
Loss on debt extinguishment and modification expense 0 1,534 20,445
Gain on sale of a business (3,256) 0 0
Other 734 73 30
Cash provided (used) by changes in operating assets and liabilities:      
Accounts receivable 871 (4,286) (483)
Commissions receivable (471) 1,260 (678)
Other receivables 4,506 (3,851) (204)
Prepaid expenses and other current assets 10,537 (815) (869)
Other long-term assets 3,377 3,450 (12,281)
Accounts payable 29 (615) (123)
Commissions and advisory fees payable 432 (2,614) 1,226
Lease liabilities (7,335) 0 0
Deferred revenue (17,367) 9,930 (3,248)
Accrued expenses and other current and long-term liabilities 3,045 114 1,407
Net cash provided by operating activities 92,804 105,548 72,846
Investing activities:      
Business acquisition, net of cash acquired (166,560) 0 0
Purchases of property and equipment (10,501) (7,633) (5,039)
Proceeds from sale of a business, net of cash 7,467 0 0
Proceeds from sales of investments 0 0 249
Proceeds from maturities of investments 0 0 7,252
Purchases of investments 0 0 (409)
Net cash provided (used) by investing activities (169,594) (7,633) 2,053
Financing activities:      
Proceeds from credit facilities, net of debt issuance costs and debt discount 131,489 0 365,836
Repurchase of convertible notes 0 0 (172,827)
Payments on credit facilities (313) (80,000) (290,000)
Repayment of note payable with related party 0 0 (3,200)
Stock repurchases (28,399) 0 0
Payment of redeemable noncontrolling interests (24,945) 0 0
Proceeds from stock option exercises 4,387 12,773 40,271
Proceeds from issuance of stock through employee stock purchase plan 2,212 2,100 1,429
Tax payments from shares withheld for equity awards (5,652) (8,362) (9,095)
Contingent consideration payments for business acquisition (943) (1,315) (946)
Other 0 0 (30)
Net cash provided (used) by financing activities 77,836 (74,804) (68,562)
Net cash provided by continuing operations 1,046 23,111 6,337
Net cash provided by investing activities from discontinued operations 0 0 1,028
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 38 (56) 78
Net increase in cash, cash equivalents, and restricted cash 1,084 23,055 7,443
Cash, cash equivalents, and restricted cash, beginning of period 85,366 62,311 54,868
Cash, cash equivalents, and restricted cash, end of period 86,450 85,366 62,311
Supplemental cash flow information:      
Cash paid for income taxes 3,106 1,806 1,267
Cash paid for interest $ 18,852 $ 15,335 $ 23,316