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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities    
Net income for the period $ 7,792 $ 3,380
Adjustments for:    
Depreciation of property and equipment 981 863
Amortization of intangible assets 2,383 3,125
Unrealized foreign exchange loss (gain) (960) 1,334
Equity-settled share-based payment transactions 4,381 4,455
Deferred income tax expense (recovery) 279 (1,223)
Unrealized net gain (loss) on derivative contracts designated as cash flow hedges (1,387) 681
Changes in non-cash balances related to operations 6,552 4,150
Net cash provided by operating activities 20,021 16,765
Cash flows from investing activities    
Acquisition of property and equipment (1,204) (1,241)
Additions to intangible assets (1,070) (1,494)
Settlement of short-term investment, net of interest 0 10,033
Net cash provided by (used in) investing activities (2,274) 7,298
Cash flows from financing activities    
Proceeds from exercise of share options 351 60
Shares repurchased (7,657) (3,406)
Purchase of share capital held in trust (3,062) (2,361)
Taxes paid on net settlement of RSUs (2,722) 0
Net cash used in financing activities (13,090) (5,707)
Effect of exchange rate fluctuations on cash held 960 (1,334)
Net increase in cash and cash equivalents 5,617 17,022
Cash and cash equivalents at beginning of the period 63,514 46,492
Cash and cash equivalents at end of the period 69,131 63,514
Interest Received 595 265
Taxes Received 110 116
Taxes Paid $ (2,838) $ (3,967)