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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Net cash flows from operating activities    
Net income $ 6,065 $ 5,447
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation on property and equipment 1,185 1,142
Amortization of intangibles 2,458 1,853
Amortization of right-of-use asset 1,918
Stock-based compensation 2,170 2,154
Gain on sale of property and equipment (10) (4)
Unrealized cash flow hedges 47
Deferred income taxes 840 540
Change in operating assets and liabilities:    
Accounts receivable (8,897) (949)
Unbilled accounts receivable 1,180 (1,642)
Prepaid expenses and other current assets 1,345 (1,396)
Other non-current assets 287 (283)
Accounts payable (92) (336)
Lease liability (1,879)
Accrued expenses and other liabilities (4,144) 5,643
Deferred revenue and other non-current liabilities 7,293 586
Net cash provided by operating activities 9,766 12,755
Net cash flows from investing activities    
Purchase of property and equipment (495) (951)
Proceeds from the sale of property and equipment 10 57
Proceeds from sale of intangible assets (21)
Purchase consideration paid on acquisition of business (net of cash acquired) (3,530) (6,581)
Payment on purchase of balance 10% share of Exaxe Holdings Limited (805)
Purchase of investments (22,412) (21,794)
Proceeds from sale of investments 24,960 18,495
Net cash used in investing activities (2,272) (10,795)
Net cash flows from financing activities    
Payment of capital lease obligations (203)
Proceeds from share issued under ESPP and ESOP 1,366
Proceeds of loan from bank 76,075
Repayment of term loans (1,667)
Repayment of loans from bank (445) (74,304)
Net cash provided by/(used in) financing activities 921 (99)
Effect of exchange rate changes on cash and cash equivalents and restricted cash 251 172
Net increase in cash and cash equivalents, and restricted cash 8,666 2,033
Cash and cash equivalents, and restricted cash, beginning of the period 11,372 9,152
Cash, cash equivalents, and restricted cash at end of the period 20,038 11,185
Supplementary disclosure of cash flow information    
Income taxes paid $ 3,186 $ 2,119