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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 23,436 $ 16,821
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 6,992 6,887
Amortization of intangible assets 10,068 11,567
Net gains from investments (426) 0
Deferred income taxes (3,023) (2,157)
Stock-based compensation 11,036 7,351
Operating lease right-of-use assets amortization 8,138 8,742
Amortization of deferred financing fees 331 703
Amortization of premium on investments 48 25
Foreign currency (gains) losses (167) 1,033
Changes in assets and liabilities:    
Accounts receivable 34,801 31,052
Deferred commissions 10,741 5,562
Prepaid expenses and other current assets 2,185 (3,394)
Accounts payable 262 64
Accrued expenses and other liabilities (30,801) (6,870)
Deferred revenue (26,262) 16,132
Operating lease liabilities (9,556) (8,526)
Net cash provided by operating activities 37,803 84,992
Cash flows from investing activities:    
Purchases of property and equipment (4,227) (9,845)
Purchases of marketable investments (22,819) (18,549)
Proceeds from maturities of marketable investments 21,081 1,500
Other investing activity 246 44
Net cash used in investing activities (5,719) (26,850)
Cash flows from financing activities:    
Payments on borrowings (25,000) (9,375)
Repurchases of common stock (15,112) (10,646)
Proceeds from issuance of common stock under employee equity incentive plans 4,298 7,840
Taxes paid related to net share settlements of stock-based compensation awards (2,975) (3,347)
Net cash used in financing activities (38,789) (15,528)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (10,727) (1,464)
Net change in cash, cash equivalents and restricted cash (17,432) 41,150
Cash, cash equivalents and restricted cash, beginning of period 118,031 90,652
Cash, cash equivalents and restricted cash, end of period 100,599 131,802
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,456 2,532
Cash paid for income taxes $ 5,380 $ 7,366