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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating activities:    
Net income $ 2,167 $ 560
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 2,747 2,303
Amortization of intangible assets 1,693 1,608
Depreciation and amortization 390 406
Amortization of investment premiums and other 72 (38)
Deferred taxes (669) 66
Changes in assets and liabilities:    
Accounts receivable 3,084 2,179
Contract assets 1,529 (1,759)
Other assets (342) (226)
Accounts payable (501) 677
Accrued payroll and related taxes (2,514) (1,895)
Deferred revenue 1,273 2,427
Restructuring accrual 0 (923)
Other liabilities (199) (195)
Net cash provided by operating activities 8,730 5,190
Investing activities:    
Purchases of investments (12,111) (10,132)
Sales and maturities of investments 8,141 3,150
Purchases of property and equipment (400) (205)
Net cash used in investing activities (4,370) (7,187)
Financing activities:    
Proceeds from the issuance of equity plan common stock 1,889 73
Principal payments on other borrowings (18) (78)
Net cash provided by (used in) financing activities 1,871 (5)
Foreign currency effect on cash and cash equivalents 506 47
Net increase (decrease) in cash and cash equivalents 6,737 (1,955)
Cash and cash equivalents at beginning of period 19,986 16,748
Cash and cash equivalents at end of period 26,723 14,793
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 149 0
Supplemental disclosures of non-cash investing and financing activities:    
Unrealized holding gain (loss) on available for sale investments $ (53) $ 2