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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities    
Net loss $ (11,884) $ (31,211)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities    
Depreciation 4,610 5,166
Amortization of internally developed software 2,180 1,850
Amortization of intangible assets 2,350 2,308
Loss on disposal of property and equipment 2 19
Unrealized foreign currency gains (268) (203)
Noncash interest expense related to debt agreements 18 36
Stock-based compensation related to equity awards and restricted stock 8,592 12,040
Provision for bad debts 852 776
Deferred income tax benefits 0 (307)
Excess tax benefits from stock-based award activities 0 (9)
Payment of contingent consideration for prior acquisition (93) 0
Changes in operating assets and liabilities, net of effect of acquisitions    
Accounts receivable 560 (3,386)
Prepaid expenses and other current assets 309 (1,750)
Other assets (340) 407
Accounts payable 246 (1,073)
Deferred revenues (280) (689)
Accrued expenses and other current liabilities (2,050) 2,426
Net cash provided by (used in) operating activities 4,804 (13,600)
Investing activities    
Purchases of property and equipment (1,154) (8,217)
Proceeds from disposal of property and equipment 3 0
Capitalization of internally developed software (4,050) (4,107)
Acquisitions of businesses, net of cash acquired 0 (7,509)
Net cash used in investing activities (5,201) (19,833)
Financing activities    
Repayment of notes payable (1,223) (2,967)
Debt issuance costs 0 (53)
Repurchase of unvested shares 0 (2)
Proceeds from exercise of common stock options 350 1,107
Proceeds from employee stock purchase plan, net 592 995
Stock issuance costs 0 (51)
Excess tax benefits from stock-based award activities 0 9
Net cash used in financing activities (281) (962)
Effect of foreign exchange rate changes on cash and cash equivalents (206) (526)
Net decrease in cash and cash equivalents (884) (34,921)
Beginning of period 37,326 [1] 68,253
End of period 36,442 33,332
Supplemental disclosure of noncash investing and financing activities    
Acquisition of equipment through capital leases 1,283 1,905
Purchases of property and equipment recorded in accounts payable and accrued expenses 9 712
Issuance of common stock under employee stock purchase plan 328 548
Issuance of common stock in connection with acquisitions of businesses $ 0 $ 4,337
[1] Derived from our audited consolidated financial statements as of December 31, 2015.