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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities      
Net income (loss) $ (51,003) $ 2,495 $ 54,455
Adjustment to reconcile net income (loss) to net cash (used in) provided by operating activities:      
Depreciation and amortization 18,674 16,266 12,796
Share-based compensation 27,204 18,147 11,111
Provision for doubtful accounts 209 346 231
Amortization of premiums on marketable securities 3,035 1,889 323
Deferred income tax (benefit) expense (33,700) 2,592 (37,612)
Other 288 126 21
Change in operating assets and liabilities:      
Trade and other receivables (7,648) (933) (3,127)
Prepaid expenses and other current assets (4,463) (880) (1,080)
Other non-current assets 389 280 328
Accounts payable 12,471 9,029 518
Accrued expenses and other liabilities 8,755 31,655 6,920
Deferred revenue 21,197 26,100 28,115
Other non-current liabilities 782 2,066 4,374
Net cash provided by (used in) operating activities (3,810) 109,178 77,373
Investing activities      
Acquisition of businesses, net of cash acquired (12,797) 0 (42,369)
Acquisition of property and equipment, including capitalization of internal use software (14,156) (14,574) (10,417)
Acquisition of intangible assets (925) 0 0
Purchases of marketable securities (225,232) (135,178) (50,775)
Sale and maturities of marketable securities 156,230 56,060 1,353
Premiums paid for company-owned life insurance policies (4,337) (4,337) 0
Net cash used in investing activities (101,217) (98,029) (102,208)
Financing activities      
Proceeds from stock based compensation plans 11,787 12,241 15,425
Proceeds from warrant exercises 0 375 0
Payments for employee tax withholdings related to restricted stock units and awards (2,905) (1,107) (436)
Payments for debt issuance costs (185) 0 (440)
Net cash provided by financing activities 8,697 11,509 14,549
Net increase (decrease) in cash and cash equivalents (96,330) 22,658 (10,286)
Cash and cash equivalents at beginning of year 146,569 123,911 134,197
Cash and cash equivalents at end of year 50,239 146,569 123,911
Cash paid (refunded) during the period for:      
Interest 323 161 267
Income taxes 910 (235) 1,121
Supplemental information for non-cash investing activities:      
Accrued capital expenditures 2,676 1,835 1,300
Property and equipment acquired through leasehold incentives $ 822 $ 284 $ 0