XML 16 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (3,719) $ 593
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities, excluding the impact of acquisitions:    
Depreciation and amortization 2,384 3,155
Share-based compensation expense 889 1,039
Recovery of doubtful accounts   (24)
Deferred income taxes (2,758) 297
Change in fair value of contingent earnout consideration (252) (928)
Accretion of contingent earnout consideration 295 1,730
Excess tax benefit from stock options   (192)
Changes in operating accounts, net of acquisition:    
Accounts receivable 5 (208)
Prepaid expenses and other current assets 45 (701)
Accounts payable (181) 65
Accrued liabilities and other liabilities (2,744) (4,017)
Deferred revenue 246 (643)
Net cash (used in) provided by operating activities (5,790) 166
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net cash used to acquire Zero2Ten/Branchbird/M2 Dynamics   (93)
Purchases of property and equipment (116) (327)
Net cash used in investing activities (116) (420)
CASH FLOW FROM FINANCING ACTIVITIES:    
Proceeds from employee stock plans and stock option exercises 4,100 2,399
Payment of contingent earnout consideration (5,189) (2,214)
Excess tax benefit from stock options   192
Net cash used in financing activities (1,089) 377
Effects of exchange rates on cash 98 43
Net (decrease) increase in cash and cash equivalents (6,897) 166
CASH AND CASH EQUIVALENTS, beginning of period 19,693 11,981
CASH AND CASH EQUIVALENTS, end of period 12,796 12,147
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid for income taxes 409 $ 215
Issuance of restricted stock awards 108  
Issuance of stock to directors $ 93