XML 20 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating activities    
Net loss $ (3,545) $ (12,451)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 5,434 4,365
Employee stock-based compensation 10,302 9,389
Impairment of assets held for sale and long-lived assets   56
Gain on disposal of property and equipment 35  
Outside director restricted stock awarded in lieu of fees 100 100
Gain on sale of equity securities (2,807) (2,009)
Deferred tax benefit from unrealized gain on available-for-sale marketable securities, net 820 348
Changes in assets and liabilities:    
Accounts receivable 2,752 3,553
Prepaid expenses and other assets 1,384 (1,186)
Accounts payable 2,161 (2,368)
Accrued compensation and employee benefits (6,545) (1,725)
Accrued expenses and other liabilities 1,795 3,970
Deferred revenues   (197)
Net cash provided by operating activities 11,886 1,845
Investing activities    
Purchases of property and equipment (8,057) (6,879)
Proceeds from sale of property and equipment 10  
Purchases of marketable securities (50,338) (35,932)
Maturities of marketable securities 29,932 40,007
Proceeds from sales of marketable securities 10,155 5,117
Net cash (used in) provided by investing activities (18,298) 2,313
Financing activities    
Net proceeds from issuance of common stock under stock plans 12,522 7,072
Withholding taxes related to restricted stock units net share settlement (4,314) (3,103)
Net cash provided by financing activities 8,208 3,969
Net increase in cash and cash equivalents 1,796 8,127
Cash and cash equivalents at the beginning of the period 40,404 32,533
Cash and cash equivalents at the end of the period 42,200 40,660
Non-cash investing and financing activities    
Accrued purchases of property and equipment $ 2,005 605
Change in fair value of equity investment   $ (1,404)