XML 18 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 9,094 $ 8,749
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 3,168 4,041
Amortization of intangible assets 385 419
Net losses from investments 225 54
Deferred income taxes (691) (1,409)
Stock-based compensation 4,245 3,761
Amortization of premium on investments 128 187
Foreign currency losses 360 147
Changes in assets and liabilities    
Accounts receivable 8,457 24,445
Deferred commissions 1,475 1,953
Prepaid expenses and other current assets 1,470 962
Accounts payable (730) 189
Accrued expenses and other liabilities (10,304) (10,128)
Deferred revenue 9,611 (1,915)
Net cash provided by operating activities 26,893 31,455
Cash flows from investing activities:    
Purchases of property and equipment (3,240) (2,318)
Purchases of marketable investments (25,685) (23,902)
Proceeds from sales and maturities of marketable investments 28,612 14,025
Other investing activity 224 (35)
Net cash used in investing activities (89) (12,230)
Cash flows from financing activities:    
Dividends paid on common stock (6,815) (6,428)
Repurchases of common stock (36,426)  
Proceeds from issuance of common stock under employee equity incentive plans 4,872 4,147
Taxes paid related to net share settlements of stock-based compensation awards (537) (763)
Net cash used in financing activities (38,906) (3,044)
Effect of exchange rate changes on cash and cash equivalents 2,250 (656)
Net increase (decrease) in cash and cash equivalents (9,852) 15,525
Cash and cash equivalents, beginning of period 76,958 53,331
Cash and cash equivalents, end of period $ 67,106 $ 68,856