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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 7,622 $ 4,455
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,027 5,393
Stock-based compensation expense 4,252 4,447
Deferred income taxes 987 587
Excess tax benefits from stock-based awards (979) (1,263)
Allowance for doubtful accounts 1,527 755
Other non-cash charges 420 384
Changes in operating assets and liabilities:    
Increase in accounts receivable (5,826) (4,695)
Decrease in prepaid expenses and other assets, net 1,740 1,871
Decrease in accounts payable and accrued expenses (766) (1,284)
(Decrease) increase in deferred revenue (917) 1,440
Decrease in deferred rent (493) (576)
(Decrease) increase in other liabilities, net (35) 39
Net cash provided by operating activities 11,559 11,553
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (391) (652)
Additions to capitalized software (2,386) (3,321)
Maturity of U.S. Treasury Bills 2,600 2,599
Purchases of U.S. Treasury Bills (2,595) (2,599)
Proceeds from the sale of property and equipment 185 0
Payments to acquire investments (2,500) (4,000)
Other investing activities (53) (46)
Acquisitions, net of cash acquired 0 (5,724)
Net cash used in investing activities (5,140) (13,743)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repurchase of common stock (8,807) (615)
Proceeds pursuant to employee stock-based compensation plans 497 898
Excess tax benefits from stock-based awards 979 1,263
Surrender of restricted common stock for income tax purposes (2,725) (4,370)
Net cash used in financing activities (10,056) (2,824)
Decrease in cash and cash equivalents (3,637) (5,014)
Cash and cash equivalents at beginning of period 89,955 90,697
Cash and cash equivalents at end of period $ 86,318 $ 85,683