XML 41 R7.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities    
Net loss $ (13,655) $ (8,827)
Adjustments to reconcile net loss including non-controlling interests to net cash provided by operating activities:    
Depreciation and amortization of property and equipment 17,866 12,315
Amortization of intangible assets 1,766 1,853
Impairment loss 160  
Loss on disposal of fixed assets (5)  
Stock-based compensation 3,934 3,368
Change in fair value of contingent consideration (114) (358)
Change in deferred income taxes 207 230
Changes in operating assets and liabilities:    
Accounts receivable (12,600) (10,271)
Prepaid expenses and other assets (1,275) (718)
Accounts payable 2,237 5,531
Accrued expenses and other liabilities 911 (845)
Deferred revenue 35,395 13,230
Net cash provided by operating activities 34,837 15,508
Cash flows from investing activities    
Purchases of marketable securities   (27,137)
Proceeds from sales of marketable securities 1,614 30,190
Purchases of property and equipment (33,306) (35,886)
Proceeds from Sale of Property and Equipment 8  
Net cash used in investing activities (31,684) (32,833)
Cash flows from financing activities    
Proceeds from credit facility 15,000  
Principal payments on debt (5,438)  
Proceeds from exercise of stock options 1,028 179
Payments of capital leases and notes payable (188) (348)
Payment of other acquisition related consideration (17) (275)
Payments of withholding tax on net issuance of restricted stock units (1,354) (992)
Payments to non-controlling interests (500) (623)
Net cash provided by (used in) financing activities 8,531 (2,059)
Effect of exchange rates on cash (15)  
Net increase (decrease) in cash and cash equivalents 11,669 (19,384)
Cash and cash equivalents at beginning of period 8,849 27,338
Cash and cash equivalents at end of period 20,518 7,954
Supplemental disclosure of non-cash investing and financing activities    
Property and equipment costs in accounts payable, accrued expenses and other liabilities 33,202 $ 12,075
Acquisition of equipment under capital lease $ 3,099