XML 49 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:    
Net income $ 3,411us-gaap_NetIncomeLoss $ 38,144us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 2,227us-gaap_DepreciationAndAmortization 1,875us-gaap_DepreciationAndAmortization
Provision for bad debts 354us-gaap_ProvisionForDoubtfulAccounts 92us-gaap_ProvisionForDoubtfulAccounts
Provision for customer credits 1,037abtl_ProvisionForCustomerCredits 511abtl_ProvisionForCustomerCredits
Share-based compensation 1,421us-gaap_AllocatedShareBasedCompensationExpense 704us-gaap_AllocatedShareBasedCompensationExpense
Gain on long-term strategic investment    (108)abtl_GainOnLongtermStrategicInvestment
Change in deferred tax asset 1,758us-gaap_IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability (35,495)us-gaap_IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
Changes in assets and liabilities:    
Accounts receivable (2,590)us-gaap_IncreaseDecreaseInAccountsReceivable (4,610)us-gaap_IncreaseDecreaseInAccountsReceivable
Prepaid expenses and other current assets (261)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 6us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Other non-current assets (625)us-gaap_IncreaseDecreaseInOtherCurrentAssets (246)us-gaap_IncreaseDecreaseInOtherCurrentAssets
Accounts payable 137us-gaap_IncreaseDecreaseInAccountsPayable 1,416us-gaap_IncreaseDecreaseInAccountsPayable
Accrued expenses and other current liabilities 1,847us-gaap_IncreaseDecreaseInAccruedLiabilities 1,445us-gaap_IncreaseDecreaseInAccruedLiabilities
Non-current liabilities (826)us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities 598us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities
Net cash provided by (used in) operating activities 7,890us-gaap_NetCashProvidedByUsedInOperatingActivities 4,332us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:    
Purchase of AutoUSA (10,044)us-gaap_OtherPaymentsToAcquireBusinesses   
Purchase of Advanced Mobile    (1,824)us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates
Investment in AutoWeb (880)abtl_InvestmentInAutowebInvesting (2,500)abtl_InvestmentInAutowebInvesting
Investment in SaleMove (400)abtl_InvestmentInSalemove (150)abtl_InvestmentInSalemove
Purchase of intangible assets    (16)us-gaap_PaymentsToAcquireIntangibleAssets
Investment in GoMoto (100)abtl_InvestmentGomoto   
Change in long-term strategic investment    108abtl_ChangeInLongtermStrategicInvestment
Purchases of property and equipment (1,124)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (670)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash used in investing activities (12,548)us-gaap_NetCashProvidedByUsedInInvestingActivities (5,052)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:    
Repurchase of common stock (1,779)us-gaap_PaymentsForRepurchaseOfCommonStock   
Borrowings under credit facility 1,000us-gaap_ProceedsFromLinesOfCredit 4,250us-gaap_ProceedsFromLinesOfCredit
Borrowings under term loan 9,000us-gaap_ProceedsFromIssuanceOfLongTermDebt   
Payments on term loan borrowings (2,250)us-gaap_RepaymentsOfLongTermDebt   
Net proceeds from stock option exercises 567us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions 215us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
Payment of contingent fee arrangement (63)abtl_PaymentOfContingentFeeArrangement (111)abtl_PaymentOfContingentFeeArrangement
Net cash provided by financing activities 6,475us-gaap_NetCashProvidedByUsedInFinancingActivities 4,354us-gaap_NetCashProvidedByUsedInFinancingActivities
Net increase in cash and cash equivalents 1,817us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 3,634us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of period 18,930us-gaap_CashAndCashEquivalentsAtCarryingValue 15,296us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period 20,747us-gaap_CashAndCashEquivalentsAtCarryingValue 18,930us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 355us-gaap_IncomeTaxesPaid 135us-gaap_IncomeTaxesPaid
Cash paid for interest $ 697us-gaap_InterestPaid $ 324us-gaap_InterestPaid