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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash from operating activities    
Net income $ 1,983 $ 3,725
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,414 5,076
Amortization of operating lease right-of-use assets 1,053 942
Deferred income taxes 362 (4,281)
Stock-based compensation 959 1,552
Other (38) 27
Changes in operating assets and liabilities:    
Accounts receivable (1,616) (2,051)
Prepaid expenses and other current assets (2,822) (3,577)
Other assets (148) 660
Accounts payable (362) 100
Accrued employee expenses (5,427) (2,867)
Accrued expenses 726 1,580
Deferred revenue 693 268
Operating lease liabilities 784 (735)
Other liabilities 522 (124)
Net cash provided by operating activities 3,083 295
Cash from investing activities    
Purchases of available-for-sale investments (649) 0
Proceeds from sales of available-for-sale investments 13,942 1,750
Proceeds from maturities of available-for-sale investments 7,250 2,250
Purchases of property, equipment and intangible assets (7,992) (1,030)
Additions to capitalized software (6,822) (4,658)
Cash paid in business acquisition, net of cash acquired 0 (54,004)
Net cash provided by (used in) investing activities 5,729 (55,692)
Cash from financing activities    
Proceeds from stock option exercises 97 90
Tax withholding for net share settlement (6,458) (1,315)
Payment of contingent consideration (5,977) 0
Proceeds from issuance of debt 49,437 597
Principal payments on debt (749) (909)
Payment of debt issuance costs 0 (360)
Purchase of treasury stock (4,194) 0
Net cash provided by (used in) financing activities 32,156 (1,897)
Net increase (decrease) in cash, cash equivalents and restricted cash 40,968 (57,294)
Cash, cash equivalents and restricted cash    
Beginning of period 16,247 74,506
End of period 57,215 17,212
Noncash investing and financing activities    
Purchases of property and equipment included in accounts payable and accrued expenses 4,251 445
Additions of capitalized software included in accrued and accrued employee expenses 687 391
Stock-based compensation capitalized for software development 406 338
Tax withholding for net share settlement included in accrued employee expenses 0 1,258
Purchase consideration for acquisitions included in other current liabilities 0 6,000
Total cash, cash equivalents and restricted cash $ 57,215 $ 17,212