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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 13,191 $ 6,276
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,664 5,234
Stock-based compensation expense 5,995 6,037
Deferred income taxes 987 1,781
Allowance for doubtful accounts 141 1,164
Loss in equity interests 67 1,204
Changes in operating assets and liabilities:    
(Increase)/decrease in accounts receivable, net (2,193) 1,691
Increase in prepaid expenses and other assets, net (84) (871)
Decrease in accrued compensation and employee benefits (844) (2,045)
Increase in accounts payable, accrued expenses, and other 3,108 321
Increase/(decrease) in deferred revenue 1,196 (2,442)
Decrease in deferred rent (580) (474)
Decrease in other liabilities, net (974) (635)
Net cash provided by operating activities 24,674 17,241
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (1,438) (217)
Additions to capitalized software (4,813) (3,346)
Maturity of U.S. Treasury Bills 1,245 1,248
Purchases of U.S. Treasury Bills and Investments (1,219) (1,232)
Acquisitions, net of cash acquired 0 (3,150)
Other investing activities (250) (113)
Net cash used in investing activities (6,475) (6,810)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repurchase of common stock 0 (13,322)
Proceeds pursuant to employee stock purchase plans 865 796
Proceeds from exercise of stock options 714 392
Taxes paid related to net share settlements of stock-based compensation awards (2,830) (3,204)
Net cash used in financing activities (1,251) (15,338)
Increase/(decrease) in cash and cash equivalents 16,948 (4,907)
Cash and cash equivalents at beginning of period 106,092 105,703
Cash and cash equivalents at end of period $ 123,040 $ 100,796