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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 37,584 $ 13,317
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 15,054 12,364
Bad debt expense 353 152
Loss on disposal of property and equipment 3 39
Stock-based compensation 18,522 15,122
Amortization of premiums and accretion of discounts on investments 1,155 617
Excess tax benefits from stock-based compensation 7,880 (4,832)
Deferred income taxes (17,631) 931
Changes in operating assets and liabilities:    
Accounts receivable 317 263
Prepaid expenses and other assets (405) (1,196)
Accounts payable (706) (877)
Accrued liabilities 747 6,763
Deferred revenues 17,716 10,853
Other non-current liabilities 1,190 1,188
Net cash provided by operating activities 81,779 54,704
Cash flows from investing activities:    
Purchases of investments (198,866) (180,161)
Sales and maturities of investments 148,025 133,708
Purchases of property and equipment (26,612) (18,809)
Purchase of business (5,753) 0
Net cash used in investing activities (83,206) (65,262)
Cash flows from financing activities:    
Proceeds from exercise of stock options 22,778 12,529
Excess tax benefits from stock-based compensation 0 4,832
Payments for taxes related to net share settlement of equity awards (17,571) (202)
Net cash provided by financing activities 5,207 17,159
Net increase in cash and cash equivalents 3,780 6,601
Cash and cash equivalents at beginning of period 86,737 91,698
Cash and cash equivalents at end of period 90,517  
Supplemental cash flow disclosures:    
Purchases of property and equipment recorded in accounts payable and accrued liabilities 1,371 2,606
Cash paid for income taxes $ 1,083 785
Not yet received tenant allowance recorded in other assets, accrued liabilities and other non-current liabilities   $ 0