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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income (loss) $ (15,171) $ (24,469)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 2,598 2,503
Stock-based compensation 3,171 1,329
Equity in net loss of Rhapsody 0 6,180
Deferred income taxes, net (128) (77)
Loss (gain) on investments, net (3) (299)
Fair value of warrants granted in 2015, net of subsequent mark to market adjustments in 2016 and 2015 44 (1,155)
Trade accounts receivable (487) (654)
Prepaid expenses and other assets 1,322 621
Accounts payable (2,106) (62)
Accrued and other liabilities (451) (4,011)
Net cash provided by (used in) operating activities (11,211) (20,094)
Cash flows from investing activities:    
Purchases of equipment, software, and leasehold improvements (828) (306)
Proceeds from sale of available for sale securities 0 352
Purchases of short-term investments (17,876) (6,018)
Proceeds from sales and maturities of short-term investments 23,401 33,077
Decrease (increase) in restricted cash equivalents and investments, net (210) 0
Advance to Rhapsody 0 (5,000)
Net cash provided by (used in) investing activities 4,487 22,105
Cash flows from financing activities:    
Proceeds from issuance of common stock (stock options and stock purchase plan) 16 6
Tax payments from shares withheld upon vesting of restricted stock (787) (7)
Net cash provided by (used in) financing activities (771) (1)
Effect of exchange rate changes on cash and cash equivalents 719 (2,269)
Net increase (decrease) in cash and cash equivalents (6,776) (259)
Cash and cash equivalents, beginning of period 47,315 103,253
Cash and cash equivalents, end of period 40,539 102,994
Supplemental disclosure of cash flow information:    
Cash received from income tax refunds 389 229
Cash paid for income taxes 624 229
Non-cash investing activities:    
Increase (decrease) in accrued purchases of equipment, software, and leasehold improvements 44 49
Acquisition of intangible assets $ 0 $ 473