XML 22 R6.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income (loss) $ (11,761) $ 6,055
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 4,189 4,091
Amortization of intangible assets 11,309 368
Net losses from investments 44 45
Deferred income taxes (10,814) (831)
Stock-based compensation 5,533 4,071
Operating lease right-of-use asset amortization and impairments 6,415  
Amortization of deferred financing fees 474  
Amortization of premium on investments   18
Foreign currency losses 498 437
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable 22,476 20,020
Deferred commissions 840 2,086
Prepaid expenses and other current assets (1,451) 280
Accounts payable 3,170 423
Accrued expenses and other liabilities (9,976) (15,310)
Deferred revenue 18,799 6,533
Operating lease liabilities (6,216)  
Net cash provided by operating activities 33,529 28,286
Cash flows from investing activities:    
Acquisitions, net of cash acquired (238,943) (1,289)
Purchases of property and equipment (4,666) (2,544)
Purchases of marketable investments   (14,673)
Proceeds from sales and maturities of marketable investments   18,828
Other investing activity 30  
Net cash provided by (used in) investing activities (243,579) 322
Cash flows from financing activities:    
Proceeds from borrowings, net of costs 171,275  
Payments on borrowings (33,125)  
Payment of debt issuance costs (857)  
Deferred acquisition payments (766)  
Dividends paid on common stock   (7,196)
Repurchases of common stock   (9,642)
Proceeds from issuance of common stock under employee equity incentive plans 4,280 3,678
Taxes paid related to net share settlements of stock-based compensation awards (130) (102)
Net cash provided by (used in) financing activities 140,677 (13,262)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 189 (2,139)
Net change in cash, cash equivalents and restricted cash (69,184) 13,207
Cash and cash equivalents, beginning of period 140,296 79,790
Cash, cash equivalents and restricted cash, end of period 71,112 92,997
Supplemental disclosure of cash flow information:    
Cash paid for interest 3,791  
Cash paid for income taxes $ 2,540 $ 2,102