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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (12,833) $ (19,447)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 6,547 8,249
Depreciation 788 868
Amortization of intangible assets 154 154
Amortization (accretion) of premium on investment securities (30) 52
Changes in operating assets and liabilities:    
Accounts receivable 5,682 11,020
Other current and noncurrent assets (7,923) (3,220)
Accounts payable 1,855 (424)
Accrued expenses and other long-term liabilities 3,398 (1,080)
Deferred revenue 3,086 282
Net cash provided by (used in) operating activities 724 (3,546)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (393) (1,589)
Proceeds from maturities of investment securities 24,965 29,012
Purchase of investment securities   (23,933)
Net cash provided by investing activities 24,572 3,490
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Employee Stock Purchase Plan 1,130 1,075
Proceeds from exercise of stock options 1,817 299
Taxes paid for net settlement of stock-settled bonus (3,024)  
Net cash (used in) provided by financing activities (77) 1,374
NET CHANGE IN CASH AND CASH EQUIVALENTS 25,219 1,318
CASH AND CASH EQUIVALENTS-Beginning of period 54,043 47,234
CASH AND CASH EQUIVALENTS-End of period 79,262 48,552
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for income taxes 241 231
SUPPLEMENTAL DISCLOSURES OF NONCASH FINANCING ACTIVITIES:    
Value of shares issued under the 2015 Non-Executive Bonus Plan   5,638
Value of shares issued under the 2016 Bonus Plans 5,123  
Value of shares issued under the Employee Stock Purchase Plan $ 2,110 $ 2,579