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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income (loss) $ 1,340 $ 1,111
Adjustments to reconcile net income (loss) to net cash flows from operating activities:    
Depreciation 2,308 2,598
Amortization of intangible assets 561 2,466
Deferred income taxes 222 (84)
Amortization of deferred financing costs 81 81
Stock based compensation 2,502 3,617
Change in accrual for unrecognized tax benefits 35 14
Loss on sale of business 0 562
Changes in operating assets and liabilities, net of the effects of acquisitions:    
Accounts receivable 5,026 2,367
Prepaid expense and other assets (1,494) (505)
Accounts payable and accrued expenses (2,349) (2,104)
Income taxes receivable/payable 1,418 (2,920)
Deferred revenue 4,851 5,551
Other, net 18 (14)
Net cash flows from operating activities 14,519 12,740
Cash flows from investing activities:    
Cash received from sale of business 0 2,429
Purchases of fixed assets (4,195) (2,319)
Net cash flows from investing activities (4,195) 110
Cash flows from financing activities:    
Payments on long-term debt (8,000) (3,000)
Proceeds from long-term debt 0 3,000
Payments under stock repurchase plan 0 (13,717)
Proceeds from stock option exercises 403 1,028
Purchase of treasury stock related to vested restricted stock (1,092) (2,452)
Net cash flows used in financing activities (8,689) (15,141)
Effect of exchange rate changes 43 695
Net change in cash and cash equivalents for the period 1,678 (1,596)
Cash, beginning of period 22,987 34,050
Cash, end of period $ 24,665 $ 32,454