XML 18 R8.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
OPERATING ACTIVITIES:    
Net income (loss) $ (15,840) $ 2,284
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 10,121 8,626
Stock-based compensation 6,239 8,391
Loss on disposal of property and equipment 258 3
Unrealized foreign currency gains, net 119 972
Deferred income taxes 282 (4,351)
Changes in operating assets and liabilities, net of effect of business acquisitions:    
Accounts receivable 58,501 59,303
Prepaid expenses and other assets (1,506) 179
Accounts payable and accrued expenses (54,794) (64,180)
Other liabilities (499) (559)
Net cash provided by operating activities 2,881 10,668
INVESTING ACTIVITIES:    
Purchases of property and equipment (3,084) (1,443)
Capitalized internal use software development costs (2,285) (2,306)
Investments in available-for-sale securities (14,948) 0
Maturities of available-for-sale securities 16,950 6,400
Net cash provided by (used in) investing activities (3,367) 2,651
FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 368 6,718
Net cash provided by financing activities 368 6,718
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 62 31
CHANGE IN CASH AND CASH EQUIVALENTS (56) 20,068
CASH AND CASH EQUIVALENTS — Beginning of period 149,423 116,499
CASH AND CASH EQUIVALENTS — End of period 149,367 136,567
SUPPLEMENTAL DISCLOSURES OF OTHER CASH FLOW INFORMATION:    
Capitalized assets financed by accounts payable and accrued expenses 254 667
Capitalized stock-based compensation $ 166 $ 206