XML 47 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities    
Net income (loss) $ 11,433 $ (3,138)
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 4,100 4,402
Stock-based compensation expense 5,840 6,191
Excess tax benefits from exercise of stock options (73) (226)
Deferred taxes (2,819) (9,811)
Mark to market adjustments 169 (916)
Impairment of intangible assets 0 14,980
Other 0 121
Changes in assets and liabilities, net of effect of acquisitions:    
Accounts receivable, net (13,277) (8,901)
Prepaid expenses and other current assets 461 2,989
Accounts payable 6,871 5,870
Accrued liabilities and other liabilities 8,171 (3,061)
Net cash from operating activities 20,876 8,500
Cash flows from investing activities    
Capital expenditures (1,162) (1,068)
Purchase of marketable securities (7,481) (18,182)
Maturities of marketable securities 7,651 6,699
Cash paid for business combinations, net of cash acquired 0 (9,194)
Net cash from investing activities (992) (21,745)
Cash flows from financing activities    
Proceeds from exercise of stock options 302 682
Tax benefits realized from exercise of stock options 73 226
Cash paid for expenses in connection with initial public offering (411) (1,118)
Net cash from financing activities (36) (210)
Effect of exchange rate changes on cash and cash equivalents (425) 465
Increase (decrease) in cash and cash equivalents 19,423 (12,990)
Cash and cash equivalents, beginning of period 35,127 34,966
Cash and cash equivalents, end of period 54,550 21,976
Cash paid during the period for:    
Interest 0 0
Income taxes $ 11,040 $ 7,331