XML 19 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 2,855 $ 5,688
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,605 1,856
Discontinued operations: gain on sale of Fly.com domain name (2,890) 0
Provision for losses (gains) on accounts receivable (34) 17
Stock-based compensation 686 692
Deferred income tax 28 (224)
Net foreign currency effect (293) (308)
Changes in operating assets and liabilities:    
Accounts receivable 3,388 (547)
Income tax receivable (868) (299)
Prepaid expenses and other (417) (387)
Accounts payable (4,695) (4,391)
Accrued expenses (1,009) (2,074)
Income tax payable 109 1,772
Other non-current liabilities (349) 121
Net cash provided by (used in) operating activities (1,884) 1,916
Cash flows from investing activities:    
Proceeds from sale of Fly.com domain name 2,890 0
Purchases of property and equipment (486) (802)
Net cash provided by (used in) investing activities 2,404 (802)
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 (9,556) (5,727)
Net cash used in financing activities (9,556) (11,327)
Effect of exchange rate changes on cash and cash equivalents 1,020 (76)
Net decrease in cash and cash equivalents (8,016) (10,289)
Cash and cash equivalents at beginning of period 26,838 35,128
Cash and cash equivalents at end of period 18,822 24,839
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net 4,858 2,198
Cash paid for interest on related party loan $ 0 $ 110