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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Activities    
Net income (loss) $ 8,213 $ 14,127
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 21,124 17,575
Share-based compensation expense 16,208 11,772
Deferred income taxes (4,858) (862)
Amortization of operating lease right-of-use assets 3,307 2,895
Impairment of operating lease right-of-use assets 1,753 0
Amortization of debt issuance costs 1,038 849
Amortization of discount on convertible senior notes 0 4,571
Changes in operating assets and liabilities:    
Accounts receivable and unbilled receivables (49,994) (15,427)
Inventories (17,320) (1,035)
Prepaid expenses (1,712) (1,095)
Other current assets 7,950 3,128
Investment in sales-type leases (1,097) 925
Prepaid commissions 4,152 2,710
Other long-term assets 2,240 2,177
Accounts payable 312 10,368
Accrued compensation (23,859) (17,899)
Accrued liabilities 769 4,661
Deferred revenues 19,786 21,749
Operating lease liabilities (3,521) (3,142)
Other long-term liabilities (487) (632)
Net cash provided by (used in) operating activities (15,996) 57,415
Investing Activities    
Software development for external use (3,852) (8,043)
Purchases of property and equipment (11,489) (5,089)
Business acquisition, net of cash acquired (3,392) 0
Net cash used in investing activities (18,733) (13,132)
Financing Activities    
Proceeds from issuances under stock-based compensation plans 18,951 20,826
Employees’ taxes paid related to restricted stock units (4,322) (2,596)
Change in customer funds, net 5,462 (2,631)
Stock repurchases (52,210) 0
Net cash provided by (used in) financing activities (32,119) 15,599
Effect of exchange rate changes on cash and cash equivalents (411) (386)
Net increase (decrease) in cash, cash equivalents, and restricted cash (67,259) 59,496
Cash, cash equivalents, and restricted cash at beginning of period 355,620 489,920
Cash, cash equivalents, and restricted cash at end of period 288,361 549,416
Reconciliation of cash, cash equivalents, and restricted cash to the Condensed Consolidated Balance Sheets:    
Cash and cash equivalents 265,008 548,055
Restricted cash included in Other current assets 23,353 1,361
Cash, cash equivalents, and restricted cash at end of period 288,361 549,416
Supplemental disclosure of non-cash activities    
Unpaid purchases of property and equipment 703 487
Transfers between inventory and property and equipment, net $ 0 $ 1,269