XML 23 R6.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Condensed Consolidated Statements Of Cash Flows    
Net income (loss) $ 16,283 $ (253)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Depreciation and amortization 4,488 2,903
Loss on disposal of fixed assets 46  
Amortization of deferred financing costs 298 72
Accretion of premium on short-term investments 14  
Deferred income taxes (22,715) (1,553)
Stock-based compensation 5,136 3,889
Changes in operating assets and liabilities:    
Accounts receivable 4,122 (7,194)
Advances to customers 18 696
Prepaid expenses and other (1,958) (91)
Accounts payable 1,107 351
Accrued taxes 1,321 934
Accrued compensation and benefits 3,404 2,365
Accrued payables to customers (30,644) 10,600
Other accrued liabilities 1,128 2,267
Net cash (used in) provided by operating activities (17,952) 14,986
Cash flows from investing activities    
Acquisition of property and equipment (6,288) (4,039)
Purchases of short-term investments, net (42,273)  
Cash used in investing activities (48,561) (4,039)
Cash flows from financing activities    
Net proceeds from issuance of common stock in initial public offering 88,015  
Proceeds from revolving credit facility 23,424  
Repayment of revolving credit facility (23,424)  
Repayment on long-term debt (15,582) (768)
Payment of deferred debt issuance costs (200) (149)
Cash distributions to members   (2,517)
Proceeds from option exercises 2,247 352
Repurchases of common shares   (315)
Net cash provided by (used in) financing activities 74,480 (3,397)
Net increase in cash and cash equivalents 7,967 7,550
Effect of exchange rate changes on cash 752 (474)
Cash and cash equivalents at beginning of period 22,652 13,169
Cash and cash equivalents at end of period $ 31,371 $ 20,245