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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income $ 6,318 $ 1,226
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 6,586 5,782
Bad debt expense 333 153
Loss on disposal of property and equipment 4 1
Stock-based compensation 8,257 4,606
Amortization of premiums and accretion of discounts on investments 324 325
Excess tax benefits from stock-based compensation (191) (54)
Deferred income taxes 3,064 (19)
Changes in operating assets and liabilities:    
Accounts receivable (1,892) 367
Prepaid expenses and other assets (534) (772)
Accounts payable (4,619) (195)
Accrued liabilities 1,846 (558)
Deferred revenues 5,911 4,240
Other noncurrent liabilities 143 92
Net cash provided by operating activities 25,550 15,194
Cash flows from investing activities:    
Purchases of investments (61,442) (76,907)
Sales and maturities of investments 48,214 64,960
Purchases of property and equipment (10,407) (6,524)
Capitalized software development costs (99) 0
Net cash used in investing activities (23,734) (18,471)
Cash flows from financing activities:    
Proceeds from exercise of stock options 5,547 3,053
Excess tax benefits from stock-based compensation 191 54
Principal payments under capital lease obligations 0 (536)
Net cash provided by financing activities 5,738 2,571
Effect of exchange rate changes on cash and cash equivalents 0 9
Net increase (decrease) in cash and cash equivalents 7,554 (697)
Cash and cash equivalents at beginning of period 76,504 42,369
Cash and cash equivalents at end of period 84,058 41,672
Non-cash investing and financing activities:    
Vesting of early exercised common stock options $ 11 $ 35