v2.4.0.8
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating activities    
Net income $ 467 $ 2,995
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,401 2,583
Amortization of debt discount 74 116
Write off of debt issuance costs 4,051  
Stock-based compensation 274 844
Change in fair value of derivative liability (1,107) (1)
Changes in operating assets and liabilities:    
Accounts receivable 799 63
Prepaid expenses (132) (467)
Inventory 59 87
Deposits and other assets (93) (73)
Income tax receivable, net 135  
Deferred tax assets 202 1,411
Deferred tax liabilities 186  
Accounts payable (2,400) (635)
Accrued commissions and bonuses (2,019) (1,403)
Accrued payroll and vacation 405 262
Deferred revenue 2,719 1,644
Accrued expenses and other liabilities (1,128) 1,480
Net cash provided by operating activities 5,893 8,906
Investing activities    
Decrease in funds held for clients 140,150 38,768
Increase (decrease) in restricted cash 1 (1)
Additions to property, plant and equipment (9,278) (2,839)
Net cash provided by investing activities 130,873 35,928
Financing activities    
Proceeds from issuance of long-term debt 6,539  
Proceeds from Initial Public Offering 62,196  
Payments on long-term debt (65,207) (197)
Decrease in client funds obligation (140,150) (38,768)
Incentive awards redeemed   (1,008)
Payments of deferred offering costs 645  
Capital impact of reorganization (183)  
Distributions received from members   (520)
Net cash used in financing activities (136,160) (40,493)
Change in cash and cash equivalents 606 4,341
Cash and cash equivalents    
Beginning of period 13,362 13,435
End of period $ 13,968 $ 17,776