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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
OPERATING ACTIVITIES:    
Net income $ 12,087 $ 29,427
Income from discontinued operations (1,445) (19,107)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 20,629 18,097
Stock based compensation 3,643 1,306
Amortization of deferred commissions 6,269 5,695
Provision for doubtful accounts 99 690
Deferred income taxes 1,803 661
Gain on equity method investments (87) (25)
Change in fair value of non-marketable equity investments   1,271
Other (101) (22)
Changes in operating assets and liabilities:    
Accounts and unbilled receivables 13,624 5,865
Prepaid royalties 1,720 1,030
Other prepaid expenses and other current assets 4,090 (682)
Deferred commissions (5,524) (6,618)
Other assets (178) (4)
Accounts payable and accrued expenses (1,077) (10,811)
Accrued royalties (552) 2,373
Deferred revenue (2,453) 658
Net cash provided by continuing operating activities 52,547 29,804
Net cash used in discontinued operating activities   (1,003)
Net cash provided by operating activities 52,547 28,801
INVESTING ACTIVITIES:    
Business combinations, net of cash acquired (18,018)  
Proceeds from sale of discontinued operations 6,035 57,827
Proceeds from maturities of marketable securities 58,637 59,452
Purchases of marketable securities (62,742) (57,085)
Proceeds from sale of property and equipment 13  
Payments to acquire non-marketable equity investments (3,342) (833)
Payments associated with capitalized software development (11,179) (8,042)
Purchases of property and equipment (21,451) (4,342)
Net cash (used in) provided by continuing investing activities (52,047) 46,977
Net cash used in discontinued investing activities   (115)
Net cash (used in) provided by investing activities (52,047) 46,862
FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 214 2,582
Taxes paid related to net settlement of equity awards (1,030) (335)
Payments of earn-outs related to acquisitions (38) (38)
Payment of cash dividends (53) (32,357)
Net cash used in continuing financing activities (907) (30,148)
Net cash used in financing activities (907) (30,148)
Net (decrease) increase in cash and cash equivalents (407) 45,515
Cash and cash equivalents at beginning of period 134,321 84,768
Cash and cash equivalents at end of period $ 133,914 $ 130,283