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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities    
Net loss $ (4,413) $ (9,660)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation 1,665 1,630
Amortization of internally developed software 681 542
Amortization of intangible assets 826 646
Loss on disposal of property and equipment 1 4
Unrealized foreign currency losses (gains) 7 (243)
Noncash interest expense related to warrants issued in connection with debt 7 9
Stock-based compensation related to equity awards and restricted stock 3,822 3,495
Provision for bad debts 195 100
Deferred income tax benefits 0 (80)
Excess tax benefits from stock-based award activities 0 (8)
Changes in operating assets and liabilities, net of effect of acquisitions    
Accounts receivable (2,204) (26)
Prepaid expenses and other current assets 0 (1,215)
Other assets (6) 552
Accounts payable (331) 961
Deferred revenues 122 (318)
Accrued expenses and other current liabilities 323 (169)
Net cash provided by (used in) operating activities 695 (3,780)
Investing activities    
Purchases of property and equipment (267) (2,342)
Capitalization of internally developed software (1,493) (827)
Payment of contingent consideration for prior acquisition (93) 0
Acquisition of business, net of cash acquired 0 (7,509)
Net cash used in investing activities (1,853) (10,678)
Financing activities    
Repayment of notes payable (646) (929)
Repurchase of unvested shares 0 (2)
Proceeds from exercise of common stock options 162 333
Proceeds from employee stock purchase plan, net 384 361
Stock issuance costs 0 (51)
Excess tax benefits from stock-based award activities 0 8
Net cash used in financing activities (100) (280)
Effect of foreign exchange rate changes on cash and cash equivalents 169 (717)
Net decrease in cash and cash equivalents (1,089) (15,455)
Beginning of period 37,326 [1] 68,253
End of period 36,237 52,798
Supplemental disclosure of noncash investing and financing activities    
Purchases of property and equipment recorded in accounts payable and accrued expenses 4 1,027
Issuance of common stock in connection with acquisition of business $ 0 $ 4,337
[1] Derived from our audited consolidated financial statements as of December 31, 2015.