XML 19 R9.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated statements of cash flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
OPERATING ACTIVITIES:    
Net income (loss) $ 5,433 $ (9,434)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 7,525 5,084
Provision for bad debt 269 116
Stock-based compensation expense 650 14,037
Deferred income taxes (283) (3,679)
Other, net (154) 34
Changes in assets and liabilities:    
Accounts receivable 11,743 11,412
Prepaid expenses and other current assets (2,927) (3,850)
Other long-term assets (278) (2,567)
Accounts payable 335 955
Accrued compensation and benefits 73 (1,531)
Other accrued expenses and current liabilities (4,496) (2,331)
Deferred revenue 19,423 17,871
Net cash provided by operating activities 37,313 26,117
INVESTING ACTIVITIES:    
Payments for acquisition of businesses, net of cash acquired (7,028) (6,437)
Capital expenditures (3,130) (2,335)
Payments for acquisition of developed technology (2,738) (2,120)
Other investing activities, net 38 (28)
Net cash used in investing activities (12,858) (10,920)
FINANCING ACTIVITIES:    
Proceeds from issuance of Class A common stock in follow-on public offering, net of underwriters' discounts and commissions 135,572  
Proceeds from the exercise of stock options 1,668 476
Payments for follow-on public offering and initial public offering costs (468) (869)
Payments for redemption of common stock (119) (611)
Principal payments on long-term debt (76) (5,248)
Payments on revolving commitment   (53,564)
Borrowings under revolving commitment   44,227
Other financing activities (147) (20)
Net cash provided by (used in) financing activities 136,430 (15,609)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (877) 962
Net increase in cash, cash equivalents and restricted cash 160,008 550
Cash, cash equivalents and restricted cash at beginning of year 39,578 17,139
Cash, cash equivalents and restricted cash at end of period 199,586 17,689
Supplemental disclosure of cash flow:    
Interest paid 41 1,163
Income taxes paid 3,660 2,352
Supplemental disclosure of non-cash investing and financing activities:    
Capital leases 1,010  
Property and equipment in accounts payable and other accrued expenses and current liabilities 935 155
Follow-on public offering costs in accounts payable 88  
Promissory notes issued and deferred payment obligations for acquisitions $ 278 2,728
Issuance of common stock with put rights   2,345
Initial public offering costs in other long-term assets   1,522
Issuance of common stock in connection with acquisitions   $ 415