XML 16 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income (loss) $ (2,125) $ 1,138
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 5,628 5,017
Amortization of deferred loan costs 76 0
Stock-based compensation expense 5,362 3,224
Deferred income taxes 0 (1,475)
Foreign currency transaction gains on short-term intercompany balances (1,927) (976)
Changes in operating assets and liabilities, net of effects of acquisitions:    
Restricted cash (62) (51)
Billed receivables (1,437) (451)
Unbilled receivables 724 (18)
Prepaid expenses and other current assets (1,258) (1,274)
Other assets 342 (44)
Accounts payable and accrued expenses 2,180 1,287
Accrued payroll and related expenses (2,499) (35)
Refund liabilities (163) 44
Deferred revenue 397 (161)
Other long-term liabilities (1,681) (51)
Net cash provided by operating activities 3,557 6,174
Cash flows from investing activities:    
Business acquisition, net of cash acquired (10,128) 0
Purchases of property and equipment, net of disposal proceeds (6,433) (4,648)
Net cash used in investing activities (16,561) (4,648)
Cash flows from financing activities:    
Proceeds from revolving facility 12,500 0
Proceeds from revolving facility (2,500) 0
Payment of deferred loan cost (157) 0
Restricted stock repurchased from employees for withholding taxes (100) (218)
Proceeds from option exercises 862 132
Repurchase of common stock 0 (3,762)
Net cash provided by (used in) financing activities 10,605 (3,848)
Effect of exchange rates on cash and cash equivalents (1,392) 370
Net (decrease) increase in cash and cash equivalents (3,791) (1,952)
Cash and cash equivalents at beginning of period 15,723 15,122
Cash and cash equivalents at end of period 11,932 13,170
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 146 40
Cash paid during the period for income taxes, net of refunds received $ 668 $ 1,068