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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income $ 4,646 $ 3,411 $ 38,144
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 4,021 2,227 1,875
Provision for bad debts 379 354 92
Provision for customer credits 803 1,037 511
Share-based compensation 2,557 $ 1,421 704
Gain on long-term strategic investment (636) (108)
Change in deferred tax asset 2,996 $ 1,758 (35,495)
Changes in assets and liabilities:      
Accounts receivable (381) (2,590) (4,610)
Prepaid expenses and other current assets (121) (261) 6
Other non-current assets 147 (625) (246)
Accounts payable (586) 137 1,416
Accrued expenses and other current liabilities (1,352) 1,847 1,445
Non-current liabilities (273) (826) 598
Net cash provided by operating activities $ 12,200 7,890 $ 4,332
Cash flows from investing activities:      
Purchase of AutoUSA $ (10,044)
Purchase of Advanced Mobile $ (1,824)
Purchase of Dealix/Autotegrity $ (25,011)
Investment in AutoWeb $ (880) $ (2,500)
Investment in SaleMove $ (400) (150)
Purchase of intangible assets $ (16)
Investment in GoMoto $ (375) $ (100)
Change in long-term strategic investment $ 108
Purchases of property and equipment $ (2,719) $ (1,124) (670)
Net cash used in investing activities $ (28,105) (12,548) $ (5,052)
Cash flows from financing activities:      
Repurchase of common stock (1,779)
Borrowings under credit facility $ 2,750 1,000 $ 4,250
Borrowings under term loan 15,000 9,000
Payments on term loan borrowings (3,750) (2,250)
Net proceeds from stock option exercises 1,197 $ 567 $ 215
Proceeds from exercise of warrants 1,860
Proceeds from issuance of preferred shares 2,132
Payment of contingent fee arrangement (38) $ (63) $ (111)
Net cash provided by financing activities 19,151 6,475 4,354
Net increase in cash and cash equivalents 3,246 1,817 3,634
Cash and cash equivalents, beginning of period 20,747 18,930 15,296
Cash and cash equivalents, end of period 23,993 20,747 18,930
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 552 355 135
Cash paid for interest 884 $ 697 $ 324
Supplemental schedule of non-cash investing and financing activities:      
Purchase of AutoWeb 21,543
Conversion of Cyber Note $ 5,000