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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 income $ 3,642 $ 2,365
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 3,597 2,092
Depreciation 8,874 6,567
Amortization of intangibles 3,611 1,827
Amortization of premiums on short-term investments 591 871
Realized losses on short-term investments   4
Tax payments for equity award issuances   88
Deferred income taxes (113) (1,252)
Excess tax benefits from stock-based compensation   (911)
Gain on disposal of equipment   (534)
Changes in assets and liabilities:    
Accounts receivable (16,049) 8,128
Prepaid expenses and other current assets (886) (5,054)
Income taxes receivable 2,381 2,037
Other assets (890) 78
Accounts payable 69 (2,194)
Accrued compensation (6,467) (3,877)
Other liabilities (816) 2,676
Deferred rent (214) (149)
Deferred revenue 5,001 1,537
Net cash provided by operating activities 2,331 14,299
Cash flows from investing activities:    
Sales and maturities of short-term investments 59,615 84,671
Purchases of short-term investments   (80,065)
Purchases of property and equipment (2,965) (4,053)
Investment in capitalized software (5,605) (2,790)
Net cash provided by (used in) investing activities 51,045 (2,237)
Cash flows from financing activities:    
Repurchase of common stock (25,383)  
Repayment of credit facility borrowings (7,500) (3,750)
Proceeds from exercise of stock options 25 3,841
Capital lease obligations paid (116) (31)
Tax payments for equity award issuances (197) (182)
Excess tax benefits from stock-based compensation   911
Net cash (used in) provided by financing activities (33,171) 789
Increase in cash and cash equivalents 20,205 12,851
Cash and cash equivalents, beginning of period 127,683 114,034
Cash and cash equivalents, end of period 147,888 126,885
Supplementary cash flow disclosure:    
Cash paid during the period for: Income taxes, net of refunds 189 861
Cash paid during the period for: Interest 1,364 1,195
Non-cash investing activities:    
Accounts payable for purchases of and investment in property, equipment and capitalized software 2,737 933
Accrued compensation for investment in capitalized software $ 2,992 $ 53