XML 15 R5.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities    
Net income $ 1,044 $ 586
Reconciliation of net income to net cash provided by operating activities    
Deferred income taxes (302) (51)
Share based earn-out liability (365)  
Depreciation and amortization of property and equipment 1,626 1,541
Amortization of intangible assets 1,161 845
Provision for doubtful accounts 304 138
Stock-based compensation 1,927 1,499
Changes in assets and liabilities    
Accounts receivable (2,189) (594)
Deferred costs (765) (863)
Other current and non-current assets 99 (105)
Accounts payable 1,694 (477)
Accrued compensation (319) 420
Accrued expenses (90) 347
Deferred revenue 3,019 (78)
Deferred rent 67 (146)
Net cash provided by operating activities 6,911 3,062
Cash flows from investing activities    
Purchases of property and equipment (2,116) (2,308)
Purchases of marketable securities (2,495)  
Maturities of marketable securities 2,500  
Business acquisitions, net of cash acquired (17,942)  
Net cash used in investing activities (20,053) (2,308)
Cash flows from financing activities    
Net proceeds from exercise of options to purchase common stock 1,069 2,047
Excess tax benefit from exercise of options to purchase common stock 1,021 300
Net cash provided by financing activities 2,090 2,347
Effect of foreign currency exchange rate changes 403 (346)
Net increase (decrease) in cash and cash equivalents (10,649) 2,755
Cash and cash equivalents at beginning of period 121,538 130,795
Cash and cash equivalents at end of period $ 110,889 $ 133,550