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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 3,612 $ 1,285
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,638 1,658
Stock-based compensation expense 1,734 1,874
Deferred income taxes 329 977
Allowance for doubtful accounts 74 121
Loss in equity interest 22 117
Changes in operating assets and liabilities:    
Decrease in accounts receivable 2,353 1,070
Increase in prepaid expenses and other assets, net (897) (1,368)
Decrease in accrued compensation and employee benefits (3,132) (2,553)
(Decrease) / increase in accounts payable and accrued expenses 280 808
Increase in deferred revenue 1,101 1,161
Decrease in deferred rent (198) (117)
(Decrease) / increase in other liabilities, net (370) 2
Net cash provided by operating activities 6,546 5,035
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (1,178) (12)
Additions to capitalized software (1,607) (1,200)
Net cash used in investing activities (2,785) (1,212)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repurchase of common stock 0 (5,077)
Proceeds pursuant to employee stock purchase plans 456 389
Proceeds from exercise of stock options 705 392
Taxes paid related to net share settlements of stock-based compensation awards (1,607) (2,218)
Net cash used in financing activities (446) (6,514)
Increase/(decrease) in cash and cash equivalents 3,315 (2,691)
Cash and cash equivalents at beginning of period 106,092 105,703
Cash and cash equivalents at end of period $ 109,407 $ 103,012