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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
OPERATING ACTIVITIES:    
Net income $ 11,528 $ 14,360
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 7,686 6,686
Provision for credit loss 48 89
Amortization of debt discount and issuance costs 418 2,800
Stock-based compensation expense 18,614 9,648
Deferred income taxes (67) (687)
Other, net 107 (18)
Changes in assets and liabilities:    
Accounts receivable 21,735 8,768
Prepaid expenses and other current assets (138) (805)
Other long-term assets 2,139 (3,628)
Accounts payable (302) (767)
Accrued compensation and benefits (6,896) 2,626
Other accrued expenses and current liabilities (61,759) 309
Deferred revenue 12,673 (2,810)
Net cash provided by operating activities 5,786 36,571
INVESTING ACTIVITIES:    
Payments for acquisition of businesses, net of cash acquired (12,971)  
Capital expenditures (2,190) (3,039)
Other investing activities, net (343) (412)
Net cash used in investing activities (15,504) (3,451)
FINANCING ACTIVITIES:    
Proceeds from employee stock purchase plan contributions 2,362  
Proceeds from the exercise of common stock options 237 271
Payments on revolving commitment   (30,000)
Other financing activities (90) (107)
Net cash provided by (used in) financing activities 2,509 (29,836)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (970) (1,331)
Net (decrease) increase in cash, cash equivalents and restricted cash (8,179) 1,953
Cash, cash equivalents and restricted cash at beginning of year 414,012 241,547
Cash, cash equivalents and restricted cash at end of period 405,833 243,500
Supplemental disclosure of cash flow:    
Interest paid 1 47
Income taxes paid 3,187 2,381
Supplemental disclosure of non-cash investing and financing activities:    
Property and equipment in accounts payable, other current liabilities and other liabilities $ 772 $ 619