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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income $ 5,526 $ 4,223
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 4,203 5,062
Amortization of intangible assets 445 1,075
Net (gains) losses from investments 9 (80)
Deferred income taxes (1,514) (2,964)
Stock-based compensation 3,661 3,165
Amortization of premium on investments 381 751
Foreign currency losses 70 319
Changes in assets and liabilities    
Accounts receivable 24,353 36,210
Deferred commissions 2,769 1,661
Prepaid expenses and other current assets (511) (797)
Accounts payable (195) (75)
Accrued expenses and other liabilities (7,268) (4,159)
Deferred revenue (7,168) (9,110)
Net cash provided by operating activities 24,761 35,281
Cash flows from investing activities:    
Purchases of property and equipment (1,678) (871)
Purchases of marketable investments (18,575) (27,165)
Proceeds from sales and maturities of marketable investments 12,478 26,464
Other investing activity 266 1,437
Net cash used in investing activities (7,509) (135)
Cash flows from financing activities:    
Dividends paid on common stock (6,126) (6,128)
Repurchases of common stock (11,786) (54,940)
Proceeds from issuance of common stock under employee equity incentive plans 1,906 4,186
Excess tax benefits from stock-based compensation 31 100
Net cash used in financing activities (15,975) (56,782)
Effect of exchange rate changes on cash and cash equivalents (764) 138
Net increase (decrease) in cash and cash equivalents 513 (21,498)
Cash and cash equivalents, beginning of period 49,650 74,132
Cash and cash equivalents, end of period $ 50,163 $ 52,634