XML 18 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2015
OPERATING ACTIVITIES      
Net income $ 14,092 $ 1,959 $ 2,526
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation expense 5,478 4,079 3,367
Amortization of closing and earnout shares 1,579 1,503 393
Amortization of intangible assets 591 598 172
Depreciation 322 790 433
Amortization of investment premiums and other 30 149 435
Deferred taxes (11,065) (127) (647)
Changes in assets and liabilities:      
Accounts receivable (2,101) (1,002) (566)
Other assets 249 (586) (533)
Accounts payable 593 (222) (449)
Accrued payroll and related taxes 429 1,197 480
Deferred revenue (269) (67) 478
Other liabilities 517 (417) 16
Net cash provided by operating activities 10,445 7,854 6,105
INVESTING ACTIVITIES      
Purchases of investments (39,939) (33,658) (27,254)
Sales and maturities of investments 32,650 30,623 21,406
Acquisition, net of cash acquired 0 0 (5,423)
Purchases of property and equipment (488) (250) (73)
Net cash used in investing activities (7,777) (3,285) (11,344)
FINANCING ACTIVITIES      
Proceeds from exercise of stock options 687 1,755 246
Principal payments on capital lease obligations 0 (22) (20)
Net cash provided by financing activities 687 1,733 226
Foreign currency effect on cash and cash equivalents (76) (45) (1)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 3,279 6,257 (5,014)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 9,010 2,753 7,767
CASH AND CASH EQUIVALENTS AT END OF PERIOD 12,289 9,010 2,753
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Cash paid for interest 0 1 4
Cash paid for income taxes 113 17 105
NON-CASH FINANCING AND INVESTING ACTIVITIES      
Settlement of note receivable as consideration for business acquisition 0 0 250
Unrealized holding gain (loss) on available for sale investments $ (19) $ 7 $ 5