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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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| Cash flows from operating activities: | |||
| Net income | $ 30,244us-gaap_NetIncomeLoss | $ 1,541us-gaap_NetIncomeLoss | $ 2,221us-gaap_NetIncomeLoss |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization expense | 11,897us-gaap_DepreciationDepletionAndAmortization | 9,612us-gaap_DepreciationDepletionAndAmortization | 7,341us-gaap_DepreciationDepletionAndAmortization |
| Bad debt expense | 470us-gaap_ProvisionForDoubtfulAccounts | 307us-gaap_ProvisionForDoubtfulAccounts | 218us-gaap_ProvisionForDoubtfulAccounts |
| Loss on disposal of property and equipment | 324us-gaap_GainLossOnSaleOfPropertyPlantEquipment | 12us-gaap_GainLossOnSaleOfPropertyPlantEquipment | 10us-gaap_GainLossOnSaleOfPropertyPlantEquipment |
| Stock-based compensation | 10,549us-gaap_ShareBasedCompensation | 5,506us-gaap_ShareBasedCompensation | 3,452us-gaap_ShareBasedCompensation |
| Non-cash interest expense | 0us-gaap_OtherNoncashExpense | 0us-gaap_OtherNoncashExpense | 24us-gaap_OtherNoncashExpense |
| Amortization of premiums and accretion of discounts on investments | 565us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments | 282us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments | 7us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments |
| Excess tax benefits from stock-based compensation | (259)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities | (150)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities | 0us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities |
| Deferred income taxes | (22,599)us-gaap_DeferredIncomeTaxExpenseBenefit | (66)us-gaap_DeferredIncomeTaxExpenseBenefit | 27us-gaap_DeferredIncomeTaxExpenseBenefit |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (4,882)us-gaap_IncreaseDecreaseInAccountsReceivable | (4,343)us-gaap_IncreaseDecreaseInAccountsReceivable | (4,014)us-gaap_IncreaseDecreaseInAccountsReceivable |
| Prepaid expenses and other assets | (3,456)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | 610us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | 136us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
| Accounts payable | 2,332us-gaap_IncreaseDecreaseInAccountsPayable | (100)us-gaap_IncreaseDecreaseInAccountsPayable | (223)us-gaap_IncreaseDecreaseInAccountsPayable |
| Accrued liabilities | 1,622us-gaap_IncreaseDecreaseInAccruedLiabilities | 437us-gaap_IncreaseDecreaseInAccruedLiabilities | (972)us-gaap_IncreaseDecreaseInAccruedLiabilities |
| Deferred revenues | 14,817us-gaap_IncreaseDecreaseInDeferredRevenue | 11,281us-gaap_IncreaseDecreaseInDeferredRevenue | 13,683us-gaap_IncreaseDecreaseInDeferredRevenue |
| Other noncurrent liabilities | (201)us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities | 152us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities | 14us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities |
| Net cash provided by operating activities | 41,423us-gaap_NetCashProvidedByUsedInOperatingActivities | 25,081us-gaap_NetCashProvidedByUsedInOperatingActivities | 21,924us-gaap_NetCashProvidedByUsedInOperatingActivities |
| Cash flows from investing activities: | |||
| Purchases of investments | (157,660)us-gaap_PaymentsToAcquireAvailableForSaleSecurities | (145,263)us-gaap_PaymentsToAcquireAvailableForSaleSecurities | (83,547)us-gaap_PaymentsToAcquireAvailableForSaleSecurities |
| Sales and maturities of investments | 157,339us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities | 138,124us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities | 0us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities |
| Purchases of property and equipment | (13,914)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (13,650)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (11,200)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Capitalized software development costs | (98)qlys_CapitalizedSoftwareDevelopmentCosts | 0qlys_CapitalizedSoftwareDevelopmentCosts | 0qlys_CapitalizedSoftwareDevelopmentCosts |
| Release of restricted cash | 0us-gaap_IncreaseDecreaseInRestrictedCash | 114us-gaap_IncreaseDecreaseInRestrictedCash | 0us-gaap_IncreaseDecreaseInRestrictedCash |
| Purchases of intangible assets | 0us-gaap_PaymentsToAcquireIntangibleAssets | 0us-gaap_PaymentsToAcquireIntangibleAssets | (49)us-gaap_PaymentsToAcquireIntangibleAssets |
| Net cash used in investing activities | (14,333)us-gaap_NetCashProvidedByUsedInInvestingActivities | (20,675)us-gaap_NetCashProvidedByUsedInInvestingActivities | (94,796)us-gaap_NetCashProvidedByUsedInInvestingActivities |
| Cash flows from financing activities: | |||
| Proceeds from initial public offering, net of offering costs | 0us-gaap_ProceedsFromIssuanceOfCommonStock | 0us-gaap_ProceedsFromIssuanceOfCommonStock | 84,534us-gaap_ProceedsFromIssuanceOfCommonStock |
| Proceeds from exercise of stock options | 7,639us-gaap_ProceedsFromStockOptionsExercised | 4,073us-gaap_ProceedsFromStockOptionsExercised | 1,685us-gaap_ProceedsFromStockOptionsExercised |
| Proceeds from early exercise of stock options | 0qlys_ProceedsFromStockOptionsExercisedEarlyExercise | 40qlys_ProceedsFromStockOptionsExercisedEarlyExercise | 384qlys_ProceedsFromStockOptionsExercisedEarlyExercise |
| Excess tax benefits from stock-based compensation | 259us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities | 150us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities | 0us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities |
| Principal payments under capital lease obligations | (805)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations | (1,186)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations | (2,401)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations |
| Non-contingent payment related to acquisition | 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired | 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired | (1,000)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired |
| Net cash provided by financing activities | 7,093us-gaap_NetCashProvidedByUsedInFinancingActivities | 3,077us-gaap_NetCashProvidedByUsedInFinancingActivities | 83,202us-gaap_NetCashProvidedByUsedInFinancingActivities |
| Effect of exchange rate changes on cash and cash equivalents | (48)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents | 1us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents | 7us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents |
| Net increase in cash and cash equivalents | 34,135us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 7,484us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 10,337us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Cash and cash equivalents at beginning of period | 42,369us-gaap_CashAndCashEquivalentsAtCarryingValue | 34,885us-gaap_CashAndCashEquivalentsAtCarryingValue | 24,548us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash and cash equivalents at end of period | 76,504us-gaap_CashAndCashEquivalentsAtCarryingValue | 42,369us-gaap_CashAndCashEquivalentsAtCarryingValue | 34,885us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Supplemental disclosures of cash flow information | |||
| Cash paid for interest expense | 9us-gaap_InterestPaid | 43us-gaap_InterestPaid | 162us-gaap_InterestPaid |
| Cash paid for income taxes, net of refunds | 347us-gaap_IncomeTaxesPaidNet | 390us-gaap_IncomeTaxesPaidNet | 299us-gaap_IncomeTaxesPaidNet |
| Non-cash investing and financing activities | |||
| Purchases of property and equipment recorded in accounts payable and accrued liabilities | 1,399us-gaap_CapitalExpendituresIncurredButNotYetPaid | 487us-gaap_CapitalExpendituresIncurredButNotYetPaid | 0us-gaap_CapitalExpendituresIncurredButNotYetPaid |
| Vesting of early exercised common stock options | 47qlys_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognitionEarlyExercised | 262qlys_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognitionEarlyExercised | 155qlys_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognitionEarlyExercised |
| Conversion of convertible preferred stock to common stock | 0us-gaap_ConversionOfStockAmountConverted1 | 0us-gaap_ConversionOfStockAmountConverted1 | 63,873us-gaap_ConversionOfStockAmountConverted1 |
| Issuance of common stock for acquisition of license | $ 0us-gaap_StockIssued1 | $ 0us-gaap_StockIssued1 | $ 51us-gaap_StockIssued1 |
| X | ||||||||||
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- Definition
Adjustments to Additional Paid in Capital, Share-based Compensation, Stock Options, Requisite Service Period Recognition, Early Exercised No definition available.
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- Definition
Capitalized Software Development Costs No definition available.
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- Definition
Proceeds from Stock Options Exercised, Early Exercise No definition available.
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| X | ||||||||||
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- Definition
The sum of the periodic adjustments of the differences between securities' face values and purchase prices that are charged against earnings. This is called accretion if the security was purchased at a discount and amortization if it was purchased at premium. As a noncash item, this element is an adjustment to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Future cash outflow to pay for purchases of fixed assets that have occurred. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The value of the stock converted in a noncash (or part noncash) transaction. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash inflow from realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash outflow for realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period, excluding the portion taken into income, in the liability reflecting revenue yet to be earned for which cash or other forms of consideration was received or recorded as a receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in other noncurrent operating liabilities not separately disclosed in the statement of cash flows. No definition available.
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash inflow or outflow for the increase (decrease) associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Other expenses or losses included in net income that result in no cash outflows or inflows in the period and are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow to acquire debt and equity securities not classified as either held-to-maturity securities or trading securities which would be classified as available-for-sale securities and reported at fair value, with unrealized gains and losses excluded from earnings and reported in a separate component of shareholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow to acquire asset without physical form usually arising from contractual or other legal rights, excluding goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow associated with the sale or maturity (principal being due) of securities not classified as either held-to-maturity securities or trading securities which are classified as available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of expense related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for the obligation for a lease meeting the criteria for capitalization (with maturities exceeding one year or beyond the operating cycle of the entity, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The fair value of stock issued in noncash financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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