v2.4.0.8
Condensed Consolidated Statements of Cash Flows (unaudited) (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating activities    
Net income $ 3,157 $ 2,571
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,198 4,036
Amortization of debt discount 67 178
Write off of debt issuance costs 4,051  
Stock-based compensation 362 925
Change in fair value of derivative liability (1,107) 257
Changes in operating assets and liabilities:    
Accounts receivable 237 (85)
Prepaid expenses (94) (753)
Inventory 195 (121)
Deposits and other assets (145) (53)
Income tax receivable 150  
Deferred tax assets 1,250 1,211
Deferred tax liabilities 164  
Income tax payable 148  
Accounts payable (3,044) (159)
Accrued commissions and bonuses (1,030) (1,195)
Accrued payroll and vacation (422) (170)
Deferred revenue 4,662 2,775
Accrued expenses and other liabilities (498) 2,679
Net cash provided by operating activities 13,301 12,096
Investing activities    
Decrease in funds held for clients 62,146 82,294
Increase (decrease) in restricted cash 1 (1)
Additions to property, plant and equipment (11,948) (6,243)
Net cash provided by investing activities 50,199 76,050
Financing activities    
Proceeds from issuance of long-term debt 6,539  
Proceeds from initial public offering 62,842  
Payments on long-term debt (65,442) 1,750
Decrease in client funds obligation (62,146) (82,294)
Incentive awards redeemed   (1,061)
Capital impact of reorganization (183)  
Capital contribution 1 1,162
Net cash used in financing activities (58,389) (80,443)
Change in cash and cash equivalents 5,111 7,703
Cash and cash equivalents    
Beginning of period 13,362 13,435
End of period $ 18,473 $ 21,138