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Condensed Consolidated Statements of Cash Flows
$ in Thousands
 3 Months Ended
Mar. 31, 2023
USD ($)
Cash flows from operating activities  
Net income $ 15,289
Reconciliation of net income to net cash provided by operating activities  
Deferred income taxes (5,147)
Depreciation and amortization of property and equipment 4,626
Amortization of intangible assets 3,851
Provision for credit losses 1,206
Stock-based compensation 11,780
Other, net 502
Changes in assets and liabilities  
Accounts receivable (6,220)
Deferred costs (1,679)
Other current and non-current assets 602
Accounts payable (4,849)
Accrued compensation (4,417)
Accrued expenses 721
Deferred revenue 5,818
Operating leases (452)
Net cash provided by operating activities 21,631
Cash flows from investing activities  
Purchases of property and equipment (5,261)
Purchases of investments (34,329)
Maturities of investments 35,000
Net cash provided by (used in) investing activities (4,590)
Cash flows from financing activities  
Repurchases of common stock 0
Net proceeds from exercise of options to purchase common stock 2,184
Net proceeds from employee stock purchase plan activity 241
Net cash provided by (used in) financing activities 2,425
Effect of foreign currency exchange rate changes (55)
Net increase (decrease) in cash and cash equivalents 19,411
Cash and cash equivalents at beginning of period 162,893
Cash and cash equivalents at end of period $ 182,304