XML 40 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
OPERATING ACTIVITIES:    
Net loss $ (2,058)us-gaap_NetIncomeLoss $ (794)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 2,794us-gaap_ShareBasedCompensation 2,697us-gaap_ShareBasedCompensation
Depreciation 2,578us-gaap_Depreciation 1,981us-gaap_Depreciation
Amortization of purchased intangibles 2,152us-gaap_AdjustmentForAmortization 1,058us-gaap_AdjustmentForAmortization
Deferred income taxes and other non-cash tax items 820us-gaap_DeferredIncomeTaxExpenseBenefit (76)us-gaap_DeferredIncomeTaxExpenseBenefit
Provision for doubtful accounts, net 403us-gaap_ProvisionForDoubtfulAccounts 271us-gaap_ProvisionForDoubtfulAccounts
Changes in operating assets and liabilities:    
Accounts receivable (4,609)us-gaap_IncreaseDecreaseInAccountsReceivable 48us-gaap_IncreaseDecreaseInAccountsReceivable
Prepaid expenses and other current assets (2,544)lpsn_IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets (3,930)lpsn_IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets
Other assets (15)us-gaap_IncreaseDecreaseInOtherOperatingAssets 460us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable 1,359us-gaap_IncreaseDecreaseInAccountsPayable 1,114us-gaap_IncreaseDecreaseInAccountsPayable
Accrued expenses and other current liabilities (7,045)us-gaap_IncreaseDecreaseInAccruedLiabilities (3,828)us-gaap_IncreaseDecreaseInAccruedLiabilities
Deferred revenue (1,776)us-gaap_IncreaseDecreaseInDeferredRevenue (1,586)us-gaap_IncreaseDecreaseInDeferredRevenue
Other liabilities 361us-gaap_IncreaseDecreaseInOtherOperatingLiabilities (414)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Net cash used in operating activities (7,580)us-gaap_NetCashProvidedByUsedInOperatingActivities (2,999)us-gaap_NetCashProvidedByUsedInOperatingActivities
INVESTING ACTIVITIES:    
Purchases of property and equipment, including capitalized software (1,783)us-gaap_PaymentsToAcquireProductiveAssets (1,456)us-gaap_PaymentsToAcquireProductiveAssets
Investment in technology licenses 0us-gaap_PaymentsToAcquireIntangibleAssets (3,174)us-gaap_PaymentsToAcquireIntangibleAssets
Payments for acquisitions and intangible assets, net of cash acquired 0us-gaap_OtherPaymentsToAcquireBusinesses (125)us-gaap_OtherPaymentsToAcquireBusinesses
Net cash used in investing activities (1,783)us-gaap_NetCashProvidedByUsedInInvestingActivities (4,755)us-gaap_NetCashProvidedByUsedInInvestingActivities
FINANCING ACTIVITIES:    
Excess tax benefit from the exercise of employee stock options 751us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 0us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Proceeds from issuance of common stock in connection with the exercise of options 2,284us-gaap_ProceedsFromIssuanceOfCommonStock 2,978us-gaap_ProceedsFromIssuanceOfCommonStock
Repurchase of common stock (2,058)us-gaap_PaymentsForRepurchaseOfCommonStock (7,841)us-gaap_PaymentsForRepurchaseOfCommonStock
Net cash provided by (used in) financing activities 977us-gaap_NetCashProvidedByUsedInFinancingActivities (4,863)us-gaap_NetCashProvidedByUsedInFinancingActivities
EFFECT OF FOREIGN EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (150)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 84us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
CHANGE IN CASH AND CASH EQUIVALENTS (8,536)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (12,533)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
CASH AND CASH EQUIVALENTS - Beginning of the period 49,372us-gaap_CashAndCashEquivalentsAtCarryingValue 91,906us-gaap_CashAndCashEquivalentsAtCarryingValue
CASH AND CASH EQUIVALENTS - End of the period 40,836us-gaap_CashAndCashEquivalentsAtCarryingValue 79,373us-gaap_CashAndCashEquivalentsAtCarryingValue
SUPPLEMENTAL DISCLOSURE OF OTHER CASH FLOW INFORMATION:    
Cash paid for income taxes 583us-gaap_IncomeTaxesPaidNet 1,037us-gaap_IncomeTaxesPaidNet
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Purchase of property and equipment recorded in accounts payable 2,224us-gaap_CapitalExpendituresIncurredButNotYetPaid 1,174us-gaap_CapitalExpendituresIncurredButNotYetPaid
Acquisition costs in connection with NexGraph recorded in accrued expenses $ 0lpsn_NoncashorPartNoncashAcquisitionCosts $ 375lpsn_NoncashorPartNoncashAcquisitionCosts