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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net income $ 1,750 $ 4,011
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Stock-based compensation 4,257 1,737
Depreciation and other amortization expense 1,619 972
Amortization of acquired intangible 407  
Amortization of premium on investments 741 409
Amortization of warrant issuance costs 11 55
Changes in operating assets and liabilities:    
Disbursement prefunding (6,412) 834
Customer funds receivable (8,685) (38,138)
Prepaid expenses and other current assets (918) 651
Other assets 235 84
Customer liabilities 10,601 15,106
Accounts payable and accrued expenses 767 1,009
Other non-current liabilities 1,420 4
Net cash provided by (used in) operating activities 5,793 (13,266)
Cash flows from investing activities:    
Purchase of property, equipment and software (4,460) (798)
Purchase of short-term investments (81,089) (60,939)
Proceeds from sales and maturities of short-term investments 77,167 24,055
Cash paid in business combination, net of cash received (8,874)  
Change in restricted cash (3,153) (1,014)
Net cash used in investing activities (20,409) (38,696)
Cash flows from financing activities:    
Proceeds from exercise of common stock options 1,759 535
Excess tax benefit related to stock-based compensation 15  
Net repayments under line of credit   9,000
Proceeds from initial public offering, net of costs   88,422
Net cash provided by financing activities 1,774 97,957
Net increase (decrease) in cash and cash equivalents (12,842) 45,995
Cash and cash equivalents, beginning of period 110,979 45,077
Cash and cash equivalents, end of period 98,137 91,072
Supplemental disclosures of cash flow information:    
Cash paid for taxes 2 2
Cash paid for interest 474 706
Holdback liability in connection with acquisition of BlueKite, LTD 1,500  
Issuance of common stock equity in connection with acquisition of BlueKite, LTD 4,470  
Purchases of property and equipment in accounts payable and accrued expenses 1,220 123
Deferred offering costs not yet paid   $ 9