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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities    
Net loss $ (9,417) $ (5,996)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation of property and equipment 111 98
Stock-based compensation 2,541 2,399
Noncash interest (income) expense, net (366) 44
Changes in assets and liabilities:    
Accounts receivable 49,392 30,205
Prepaids and other current assets (83) (685)
Other assets 32 (51)
Accounts payable (951) 148
Other liabilities (1,372) (1,851)
Deferred revenue 1,061 1,769
Net cash provided by operating activities 40,948 26,080
Investing activities    
Purchases of property and equipment, net (32) (177)
Purchases of investments (77,941) (55,387)
Maturities of investments 26,900 36,350
Net cash used in investing activities (51,073) (19,214)
Financing activities    
Proceeds from exercise of stock options 1,128 361
Employees' tax withheld and paid for restricted stock units (473) (297)
Net cash provided by financing activities 655 64
Net increase (decrease) in cash and cash equivalents (9,470) 6,930
Cash and cash equivalents at beginning of period 40,020 12,024
Cash and cash equivalents at end of period $ 30,550 $ 18,954