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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income (loss) $ (19,612) $ 2,148
Adjustments to reconcile net income to net cash used in operating activities:    
Stock-based compensation 10,031 6,876
Depreciation And Amortization 3,539 2,719
Amortization of acquired intangible 611 611
Impairment charges and loss on disposal of long-lived assets 100 312
Amortization of net premium on investments 652 1,073
Amortization of warrant issuance costs 16 16
Changes in operating assets and liabilities:    
Disbursement prefunding 16,608 (45,041)
Customer funds receivable (6,042) (17,093)
Prepaid expenses and other current assets (2,282) (868)
Other assets 108 288
Customer liabilities 799 10,501
Accounts payable and accrued expenses 2,366 864
Non-current liabilities 284 1,945
Net cash provided by operating activities 7,178 (35,649)
Cash flows from investing activities:    
Purchase of property, equipment, software, and intangible assets (4,630) (10,793)
Purchase of short-term investments (73,502) (108,896)
Proceeds from sales and maturities of short-term investments 97,061 109,269
Cash paid in business combination, net of cash received (1,500) (8,874)
Change in restricted cash (2,783) (3,154)
Net cash provided by (used in) investing activities 14,646 (22,448)
Cash flows from financing activities:    
Proceeds from exercise of common stock options 4,983 3,003
Excess tax benefit related to stock-based compensation   23
Taxes paid related to net share settlement (1,197)  
Net borrowings (repayments) under line of credit (28,000) 38,000
Net cash provided by (used in) financing activities (24,214) 41,026
Net increase (decrease) in cash and cash equivalents (2,390) (17,071)
Cash and cash equivalents, beginning of period 67,216 110,979
Cash and cash equivalents, end of period 64,826 93,908
Supplemental disclosures of cash flow information:    
Cash paid for taxes 114 2
Cash paid for interest 782 767
Cash received from refund of income taxes 17  
Supplemental disclosure of non-cash investing and financing activities:    
Issuance of common stock in connection with acquisition of BlueKite, LTD   4,470
Purchases of property and equipment in accounts payable and accrued expenses $ 808 $ 2,225