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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities    
Net loss $ (8,417) $ (8,390)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization expense 4,586 3,303
Amortization of debt discount and issuance costs 4,367 10
Amortization of contract acquisition costs 3,004 2,166
Loss (gain) on disposal of fixed assets 124 (3)
Credit loss expense 127  
Stock-based compensation expense 6,191 4,639
Operating leases, net (71) 251
Deferred taxes (113)  
Net changes in operating assets and liabilities    
Accounts receivable 31,284 30,313
Prepayments and other current assets (1,380) (3,007)
Other non-current assets 142 (1,296)
Accounts payable (716) (1,241)
Accrued expenses and other liabilities (14,742) (6,482)
Income taxes (874) 1,120
Deferred revenue (7,053) (4,155)
Net cash provided by operating activities 16,459 17,228
Investing activities    
Purchase of property and equipment (239) (2,306)
Proceeds from sale of property and equipment 10 11
Net cash used in investing activities (229) (2,295)
Financing activities    
Payment of debt issuance costs   (829)
Taxes associated with net issuances of shares upon vesting of restricted stock units (155)  
Exercise of stock options 1,317 1,172
Net cash provided by financing activities 1,162 343
Net increase in cash, cash equivalents and restricted cash 17,392 15,276
Cash, cash equivalents and restricted cash, beginning of period 450,120 77,236
Cash, cash equivalents and restricted cash, end of period $ 467,512 $ 92,512