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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 48,672 $ 42,904
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 23,486 21,224
Provision for Doubtful Accounts 156 0
Loss on disposal of property and equipment 196 31
Stock-based compensation 25,163 22,672
Amortization of premiums and (accretion) of discounts on marketable securities (1,402) (586)
Deferred income taxes 7,296 (4,024)
Changes in operating assets and liabilities:    
Accounts receivable 14,355 5,800
Prepaid expenses and other assets (6,485) (5,733)
Accounts payable (1,336) 182
Accrued liabilities 1,275 5,803
Deferred revenues 15,413 12,351
Other non-current liabilities 160 (1,804)
Net cash provided by operating activities 126,949 98,820
Cash flows from investing activities:    
Purchases of marketable securities (259,286) (242,056)
Sales and maturities of marketable securities 263,874 218,865
Purchases of property and equipment (19,473) (19,496)
Business combinations (1,850) (3,359)
Payments to Acquire Investments (625) (2,500)
Net cash used in investing activities (17,360) (48,546)
Cash flows from financing activities:    
Proceeds from exercise of stock options 11,014 20,896
Payments for taxes related to net share settlement of equity awards (10,864) (12,010)
Principal payments under finance lease obligations (1,273) (1,203)
Repurchase of common stock (73,877) (46,542)
Net cash used in financing activities (75,000) (38,859)
Effect of Exchange Rate on Cash and Cash Equivalents, Continuing Operations 0 (42)
Net increase in cash, cash equivalents and restricted cash 34,589 11,373
Cash, cash equivalents and restricted cash at beginning of period 42,226 87,791
Cash, cash equivalents and restricted cash at end of period $ 76,815 $ 99,164