XML 46 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities    
Net income $ 487 $ 682
Reconciliation of net income to net cash provided by operating activities    
Deferred income taxes 31 364
Depreciation and amortization of property and equipment 2,353 1,244
Amortization of intangible assets 1,434 520
Provision for doubtful accounts 185 164
Stock-based compensation 2,035 1,327
Changes in assets and liabilities    
Accounts receivable (951) (1,235)
Deferred costs (1,265) (1,136)
Prepaid expenses and other current assets 2,512 157
Accounts payable (207) 533
Accrued compensation and benefits 473 (312)
Accrued expenses and other current liabilities 497 463
Deferred revenue 1,049 1,800
Net cash provided by operating activities 8,633 4,571
Cash flows from investing activities    
Purchases of property and equipment (1,737) (1,890)
Net cash used in investing activities (1,737) (1,890)
Cash flows from financing activities    
Net proceeds from exercise of options to purchase common stock 1,597 811
Excess tax benefit from exercise of options to purchase common stock 40 24
Net proceeds from employee stock purchase plan 551  
Net cash provided by financing activities 2,188 835
Net increase in cash and cash equivalents 9,084 3,516
Cash and cash equivalents at beginning of period 66,050 31,985
Cash and cash equivalents at end of period $ 75,134 $ 35,501