XML 19 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (16,370) $ (13,373)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Stock-based compensation expense 10,693 6,547
Depreciation 970 788
Amortization of intangible assets 100 154
Accretion of premium on investment securities (12) (30)
Gain on disposal of fixed assets 41  
Changes in operating assets and liabilities:    
Accounts receivable 14,438 5,682
Deferred commissions 974 361
Other current and noncurrent assets (656) (8,125)
Accounts payable 3 1,855
Unearned revenue 3,903 3,455
Customer arrangements with termination rights (2,360) 12
Accrued expenses and other long-term liabilities (2,544) 3,398
Net cash provided by operating activities 9,180 724
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (516) (393)
Proceeds from maturities of investment securities 6,800 24,965
Purchase of investment securities (2,986)  
Net cash provided by investing activities 3,298 24,572
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Employee Stock Purchase Plan 1,069 1,130
Taxes paid for net settlement of stock-settled bonus (3,724) (3,024)
Proceeds from exercise of stock options 655 1,817
Net cash used in financing activities (2,000) (77)
NET CHANGE IN CASH AND CASH EQUIVALENTS 10,478 25,219
CASH AND CASH EQUIVALENTS-Beginning of period 85,833 54,043
CASH AND CASH EQUIVALENTS-End of period 96,311 79,262
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for income taxes 474 241
SUPPLEMENTAL DISCLOSURES OF NONCASH FINANCING ACTIVITIES:    
Value of shares issued under the Bonus Plans 5,898 5,123
Value of shares issued under the Employee Stock Purchase Plan 2,339 $ 2,110
Unpaid property and equipment purchases $ 113