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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities:    
Net income $ 4,276,000 $ 8,116,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,624,000 1,237,000
Stock-based compensation expense 4,957,000 4,554,000
Amortization of acquired intangible assets 425,000 0
Deferred taxes 192,000 997,000
Loss on disposal of property and equipment 107,000 3,000
Purchases of treasury stock in connection with tax withholdings on restricted stock grants (1,075,000) (1,052,000)
Reversal of allowance for doubtful accounts (99,000) (82,000)
Unrealized loss (gain) on foreign currency forward contract (34,000) 3,000
Tax benefit related to stock-based compensation expense 748,000 2,094,000
Excess tax benefit from stock-based compensation (708,000) (1,980,000)
Changes in operating assets and liabilities:    
Accounts receivable (1,249,000) 6,861,000
Prepaid expenses and other assets (8,908,000) (4,428,000)
Accounts payable 610,000 (39,000)
Accrued compensation and related benefits 346,000 (1,521,000)
Accrued and other liabilities (223,000) 256,000
Deferred revenues 947,000 1,774,000
Billings in excess of recognized revenues (955,000)
Net cash provided by operating activities 981,000 16,793,000
Investing activities:    
Purchases of property and equipment (5,051,000) (2,388,000)
Net cash used in investing activities (5,051,000) (2,388,000)
Financing activities:    
Proceeds from exercise of stock options 452,000 4,764,000
Proceeds from employee stock purchase plan 778,000 680,000
Excess tax benefit from stock-based compensation 708,000 1,980,000
Purchases of treasury stock (1,843,000) (5,571,000)
Net cash provided by financing activities 95,000 1,853,000
Effect of exchange rate changes on cash and cash equivalents 39,000 (23,000)
Net change in cash and cash equivalents (3,936,000) 16,235,000
Cash and cash equivalents, beginning of period 126,158,000 115,464,000
Cash and cash equivalents, end of period 122,222,000 131,699,000
Supplemental disclosure of cash flow information:    
Taxes 1,336,000 3,920,000
Property and equipment received and accrued in accounts payable and accrued and other liabilities $ 1,656,000 $ 582,000