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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 1,229 $ 18,022
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 4,295 4,618
Impairment of property and equipment 600 0
Amortization of intangible assets 6,134 6,716
Net gains from investments 0 (426)
Deferred income taxes (1,479) (3,225)
Stock-based compensation 7,025 7,131
Operating lease right-of-use assets, amortization, and impairments 6,691 5,384
Amortization of deferred financing fees 220 219
Amortization of (discount) premium on investments (122) 71
Foreign currency losses 39 80
Changes in assets and liabilities:    
Accounts receivable 27,391 26,705
Deferred commissions 6,299 7,062
Prepaid expenses and other current assets (7,122) (326)
Accounts payable 767 (734)
Accrued expenses and other liabilities (28,824) (30,680)
Deferred revenue (535) 318
Operating lease liabilities (6,820) (6,180)
Net cash provided by operating activities 15,788 34,755
Cash flows from investing activities:    
Purchases of property and equipment (2,664) (2,698)
Purchases of marketable investments (964) (12,028)
Proceeds from maturities of marketable investments 7,138 10,955
Other investing activity (66) 179
Net cash provided by (used in) investing activities 3,444 (3,592)
Cash flows from financing activities:    
Payments on borrowings (15,000) (25,000)
Repurchases of common stock (820) (15,112)
Proceeds from issuance of common stock under employee equity incentive plans 1,840 2,077
Taxes paid related to net share settlements of stock-based compensation awards (1,259) (255)
Net cash used in financing activities (15,239) (38,290)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 2,424 (5,645)
Net change in cash, cash equivalents and restricted cash 6,417 (12,772)
Cash, cash equivalents and restricted cash, beginning of period 105,654 118,031
Cash, cash equivalents and restricted cash, end of period 112,071 105,259
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,302 938
Cash paid for income taxes $ 9,729 $ 4,189