XML 18 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 3,431 $ 4,069
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,101 1,250
Discontinued operations gain on sale of Fly.com domain name (2,890)  
Provision for losses on accounts receivable (27) 44
Stock-based compensation 480 442
Deferred income tax (69) (211)
Net foreign currency effect (224) 236
Changes in operating assets and liabilities:    
Accounts receivable 2,087 (2,265)
Income tax receivable 35 525
Prepaid expenses and other (218) 182
Accounts payable (6,054) (2,210)
Accrued expenses 441 484
Income tax payable 179 1,268
Other non-current liabilities (278) 91
Net cash provided by (used in) operating activities (2,006) 3,905
Cash flows from investing activities:    
Proceeds from sale of Fly.com domain name 2,890 0
Purchases of property and equipment (306) (648)
Net cash provided by (used in) investing activities 2,584 (648)
Cash flows from financing activities:    
Acquisition of the Asia Pacific business 0 58
Payment of loan to related party 0 (5,658)
Repurchase of common stock (6,824) (4,956)
Net cash used in financing activities (6,824) (10,556)
Effect of exchange rate changes on cash and cash equivalents 739 (269)
Net decrease in cash and cash equivalents (5,507) (7,568)
Cash and cash equivalents at beginning of period 26,838 35,128
Cash and cash equivalents at end of period 21,331 27,560
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net 3,230 1,072
Cash paid for interest on related party loan $ 0 $ 110