XML 34 R8.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities      
Net loss $ (33,308,000) $ (24,592,000) $ (12,757,000)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:      
Depreciation and amortization 7,069,000 6,870,000 6,324,000
Employee stock-based compensation 16,005,000 16,538,000 17,457,000
Write-off of previously capitalized software costs 635,000   663,000
Impairment of assets held for sale and other long-lived assets 123,000 375,000  
Outside director restricted stock awarded in lieu of fees 200,000 230,000 230,000
Gain on disposal of property and equipment (80,000) (51,000)  
Deferred tax benefit from unrealized gain on available-for-sale marketable securities (1,548,000)    
Impairment of investments     643,000
Changes in assets and liabilities:      
Accounts receivable (2,248,000) (5,470,000) (7,193,000)
Prepaid expenses and other assets (1,292,000) 741,000 (1,448,000)
Accounts payable 949,000 985,000 1,238,000
Accrued compensation and employee benefits 4,531,000 3,824,000 1,886,000
Accrued expenses and other liabilities (2,963,000) 3,088,000 1,297,000
Deferred revenues 96,000 (251,000) 212,000
Net cash (used in) provided by operating activities (11,831,000) 2,287,000 8,552,000
Investing activities      
Purchases of property and equipment (23,483,000) (10,455,000) (11,008,000)
Proceeds from sale of property and equipment 70,000 122,000 16,000
Purchases of marketable securities (76,743,000) (96,800,000) (107,183,000)
Maturities of marketable securities 106,439,000 94,910,000 116,169,000
Purchase of other investments   (2,000,000) (5,000,000)
Net cash provided by (used in) investing activities 6,283,000 (14,223,000) (7,006,000)
Financing activities      
Net proceeds from issuance of common stock under stock plans 12,197,000 12,030,000 16,588,000
Withholding taxes related to restricted stock units net share settlement (3,842,000) (3,647,000) (2,845,000)
Repurchase of common stock     (15,000)
Net cash provided by financing activities 8,355,000 8,383,000 13,728,000
Net increase (decrease) in cash and cash equivalents 2,807,000 (3,553,000) 15,274,000
Cash and cash equivalents at the beginning of the period 29,726,000 33,279,000 18,005,000
Cash and cash equivalents at the end of the period 32,533,000 29,726,000 33,279,000
Supplemental disclosure of cash flow information      
Cash paid for income taxes 459,000 432,000 336,000
Non-cash investing and financing activities      
Accrued purchase of property and equipment 3,847,000 $ 1,809,000 $ 1,138,000
Change in fair value of equity investment $ 4,269,000