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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities    
Net income $ 1,247 $ 6,529
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation expense 2,022 2,075
Amortization of intangible assets 3,009 3,797
Deferred tax expense (benefit) from stock issuances 172 (152)
Amortization of deferred financing costs 460 600
Stock-based compensation 7,150 7,230
Changes in fair value of contingent consideration   362
Provisions for accounts receivable 738 501
Deferred tax provision 68 (245)
Loss on disposal of fixed assets 4 32
Changes in operating assets and liabilities:    
Accounts receivable and contract assets (8,090) (5,778)
Prepaid expense and other assets 1,008 (26)
Accounts payable 189 509
Contract liabilities (2,184) (1,865)
Accrued expenses 9 (2,415)
Net cash provided by operating activities 5,802 11,154
Cash flows from investing activities    
Purchase of furniture, fixtures and equipment (1,115) (3,603)
Net cash used in investing activities (1,115) (3,603)
Cash flows from financing activities    
Proceeds from debt 5,000  
Principal payments on borrowings (7,688) (8,574)
Payment of the Alsbridge Notes   (7,000)
Proceeds from issuance of employee stock purchase plan shares 575 642
Payment of contingent consideration (865) (1,200)
Payments related to tax withholding for stock-based compensation (2,732) (2,743)
Equity securities repurchased (2,976) (2,879)
Net cash used in financing activities (8,686) (21,754)
Effect of exchange rate changes on cash (433) (710)
Net decrease in cash, cash equivalents, and restricted cash (4,432) (14,913)
Cash, cash equivalents, and restricted cash, beginning of period 18,725 28,514
Cash, cash equivalents, and restricted cash, end of period 14,293 13,601
Non-cash investing and financing activities:    
Issuance of treasury stock for vested restricted stock awards $ 847 $ 5,151