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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating activities:        
Consolidated net income $ 16,583 $ 1,795 $ 44,936 $ 17,365
Adjustments to reconcile consolidated net income to net cash provided by operating activities:        
Depreciation and amortization     13,202 10,250
Stock-based compensation expense 3,458 2,829 9,287 7,445
Provision for doubtful accounts     43 5
Litigation-related expense 0 6,500 0 6,500
Amortization of Bond Premium     0 1,027
Credit gain on available-for-sale securities 0 (1) 0 (3)
Increase in long-term deferred revenue     1,235 1,420
Increase in other assets     (260) (1,451)
Deferred income taxes     (61) (52)
Decrease in long-term income taxes payable     (14) (40)
Change in current assets and liabilities, net     (15,374) (20,456)
Net cash provided by operating activities     52,994 22,010
Investing activities:        
Sales or maturities of short-term investments     0 25,000
Additions to property, plant and equipment and internal-use software     (26,289) (51,279)
Net cash used for investing activities     (26,289) (26,279)
Financing activities:        
Proceeds from employee stock plans     10,503 4,147
Net cash provided by financing activities     10,503 4,147
Effect of foreign exchange rates on cash     (35) (198)
Net increase (decrease) in cash and cash equivalents     37,173 (320)
Cash and cash equivalents at beginning of period     190,611 182,418
Cash and cash equivalents at end of period $ 227,784 $ 182,098 $ 227,784 $ 182,098