XML 36 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net income $ 7,266 $ 10,863
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 7,236 6,954
Amortization of intangible assets 1,605 1,670
Net losses from investments 25 84
Deferred income taxes (5,406) (6,461)
Stock-based compensation 5,148 4,588
Amortization of premium on investments 1,048 1,809
Foreign currency losses 234 248
Changes in assets and liabilities    
Accounts receivable 37,921 37,570
Deferred commissions 3,230 1,002
Prepaid expenses and other current assets (255) 3,609
Accounts payable 18 116
Accrued expenses and other liabilities (7,924) (4,698)
Deferred revenue (22,295) (25,002)
Net cash provided by operating activities 27,851 32,352
Cash flows from investing activities:    
Purchases of property and equipment (1,110) (2,049)
Purchases of marketable investments (27,165) (39,636)
Proceeds from sales and maturities of marketable investments 51,610 85,398
Other investing activity 1,471 134
Net cash provided by investing activities 24,806 43,847
Cash flows from financing activities:    
Dividends paid on common stock (9,053) (9,425)
Repurchases of common stock (66,557) (109,193)
Proceeds from issuance of common stock under employee equity incentive plans 6,781 14,506
Excess tax benefits from stock-based compensation 157 687
Payment of deferred acquisition consideration   (900)
Net cash used in financing activities (68,672) (104,325)
Effect of exchange rate changes on cash and cash equivalents (1,185) 16
Net decrease in cash and cash equivalents (17,200) (28,110)
Cash and cash equivalents, beginning of period 74,132 98,810
Cash and cash equivalents, end of period $ 56,932 $ 70,700