XML 34 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities:    
Net income $ 2,341 $ 3,181
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 2,360 1,993
Amortization of intangible assets 559 614
Net (gains) losses from investments 51 (59)
Deferred income taxes (1,519) (549)
Stock-based compensation 1,860 1,323
Amortization of premium on investments 636 759
Foreign currency gains (72) (8)
Changes in assets and liabilities, net of acquisitions    
Accounts receivable 25,186 29,518
Deferred commissions (206) 1,743
Prepaid expenses and other current assets 1,271 (5,317)
Accounts payable 111 (544)
Accrued expenses and other liabilities 166 (669)
Deferred revenue 2,709 2,901
Net cash provided by operating activities 35,453 34,886
Cash flows from investing activities:    
Purchases of property and equipment (939) (2,418)
Purchases of marketable investments (4,125) (40,301)
Proceeds from sales and maturities of marketable investments 17,750 34,090
Change in restricted cash   946
Other investing activity 75 33
Net cash provided by (used in) investing activities 12,761 (7,650)
Cash flows from financing activities:    
Dividends paid on common stock (3,350) (3,195)
Repurchases of common stock   (7,700)
Proceeds from issuance of common stock under employee equity incentive plans 1,447 1,997
Excess tax benefits from stock-based compensation 109 183
Payment of deferred acquisition consideration   (139)
Net cash used in financing activities (1,794) (8,854)
Effect of exchange rate changes on cash and cash equivalents (1,286) 978
Net increase in cash and cash equivalents 45,134 19,360
Cash and cash equivalents, beginning of period 98,810 81,047
Cash and cash equivalents, end of period $ 143,944 $ 100,407