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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income (loss) $ 19,223 $ (60,461)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 7,780 5,107
Stock-based compensation 36,588 45,736
Amortization of acquired intangibles 582 1,056
Loss on disposals 48 267
Amortization of premiums/accretion of discounts on short-term investments 56 144
Excess tax deficiencies from share-based compensation   29
Gain on sale of business (35,871) 0
Other (1,090) (265)
Changes in operating assets and liabilities:    
Accounts receivable, net 2,767 15,349
Inventory 61 40
Prepaid expenses and other assets (794) 549
Accounts payable (628) (2,089)
Accrued compensation and benefits 3,981 (2,360)
Accrued and other liabilities 4,936 515
Severance pay (net) 256 315
Deferred revenue 13,253 9,893
Deferred tax assets (1,682) (183)
Net cash provided by operating activities 49,466 13,642
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales/maturities of short-term investments 66,463 54,916
Purchase of short-term investments (91,878) (107,403)
Proceeds from sale of business 35,015 0
Net purchases of property and equipment (9,835) (13,953)
Change in restricted cash (302) 10
Net cash used in investing activities (537) (66,430)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Settlement of holdback liability 0 (7,157)
Proceeds from issuance of common stock, net of repurchases 14,790 8,106
Shares withheld for tax withholding on vesting of restricted stock units (8,217) (6,520)
Offering costs relating to follow-on public offering 0 (112)
Excess tax deficiencies from share-based compensation 0 (29)
Net cash provided by (used in) financing activities 6,573 (5,712)
Effect of exchange rate changes on cash and cash equivalents 1,090 265
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 56,592 (58,235)
CASH AND CASH EQUIVALENTS - Beginning of period 107,343 [1] 168,252
CASH AND CASH EQUIVALENTS - End of period 163,935 110,017
NONCASH INVESTING AND FINANCING ACTIVITIES:    
Property and equipment acquired but not yet paid $ 3,120 $ 295
[1] The Condensed Consolidated Balance Sheet as of December 31, 2016 has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.