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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 8,698 $ 7,622
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,815 4,027
Stock-based compensation expense 5,801 4,252
Deferred income taxes 1,035 987
Excess tax benefits from stock-based awards (494) (979)
Allowance for doubtful accounts 314 1,527
Other non-cash charges 223 420
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivable 1,816 (5,826)
(Increase) decrease in prepaid expenses and other assets, net (870) 1,740
Decrease in accrued compensation and benefits (287) (1,900)
Increase in accounts payable and accrued expenses 1,569 1,134
Decrease in deferred revenue (1,997) (917)
Decrease in deferred rent (544) (493)
Increase (decrease) in other liabilities, net 9 (35)
Net cash provided by operating activities 20,088 11,559
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (93) (391)
Additions to capitalized software (2,954) (2,386)
Maturity of U.S. Treasury Bills 2,490 2,600
Purchases of US Treasury Bills (2,490) (2,595)
Proceeds from the sale of property and equipment 0 185
Payments to Acquire Investments (295) (2,500)
Acquisitions 1,359 0
Other investing activities (200) (53)
Net cash used in investing activities (4,901) (5,140)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repurchase of common stock (2,495) (8,807)
Proceeds pursuant to employee stock-based compensation plans 880 497
Excess tax benefits from stock-based awards 494 979
Surrender of restricted common stock for income tax purposes (2,505) (2,725)
Net cash used in financing activities (3,626) (10,056)
Increase (decrease) in cash and cash equivalents 11,561 (3,637)
Cash and cash equivalents at beginning of period 88,509 89,955
Cash and cash equivalents at end of period 100,070 86,318
Income Taxes Paid, Net $ 2,849 $ 2,420