XML 20 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net loss $ (37,710) $ (13,870)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 10,172 7,646
Amortization of deferred costs 3,928 4,140
Loss on disposal of assets 112 15
Deferred income taxes 101 62
Accretion of interest on convertible senior notes 3,435  
Non-cash investment income (308) (74)
Provision for doubtful accounts and sales reserve 158 588
Change in fair value of contingent consideration (250)  
Stock-based compensation 20,007 4,838
Increase (decrease) in operating assets and liabilities:    
Accounts receivable 1,524 (3,591)
Prepaid expenses (2,439) (1,552)
Deferred costs (6,991) 216
Other assets (1,584) (5,336)
Accounts payable (113) 820
Accrued payroll and employee related liabilities 2,109 2,263
Accrued expenses (621) (54)
Deferred revenue 7,237 7,801
Other liabilities 457 467
Net cash (used in) provided by operating activities (776) 4,379
Cash flows from investing activities:    
Capital expenditures (855) (1,337)
Proceeds from sale leaseback   794
Payments for acquisition of business, net of acquired cash (35,857) (21,235)
Purchase of short-term investments (57,709) (29,955)
Maturities of short-term investments 74,069 6,000
Additions to intangibles (184)  
Additions to capitalized software development costs (6,722) (4,586)
Net cash used in investing activities (27,258) (50,319)
Cash flows from financing activities:    
Restricted stock units withheld to settle employee tax withholding liability (7,921)  
Principal payments on capital leases (61)  
Payment of contingent consideration (431) (3,750)
Payment on note payable (59)  
Proceeds from follow on offering, net   10,444
Payments of public offering costs   (872)
Payments of debt issuance costs (84) (40)
Proceeds from employee stock purchase plan 1,758 1,540
Proceeds from stock option exercises 8,821 2,087
Net cash provided by financing activities 2,023 9,409
Effect of exchange rates on cash and cash equivalents (746) (309)
Net decrease in cash, cash equivalents and restricted cash (26,757) (36,840)
Cash, cash equivalents and restricted cash—beginning of period 103,051 60,765
Cash, cash equivalents and restricted cash—end of period 76,294 23,925
Supplemental disclosures of cash flow information:    
Interest 771  
Taxes, net of refunds received 43 25
Supplemental disclosure of non-cash activities:    
Capitalized assets included in accounts payable and accrued expenses 278 24
Debt issuance costs included in accounts payable and accrued expenses   100
Note payable issued for asset acquisition 52  
Stock-based compensation capitalized for software development $ 250 $ 34