XML 49 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net income (loss) $ 1,212 $ (862)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Amortization and depreciation 5,291 6,495
Accretion of interest expense   362
Acquisition related costs   (132)
Loss on sale of fixed assets 5  
Gain on sale of discontinued operations (1,492)  
Gain on sales and disposals of intangible assets, net (3,739) (5,434)
Allowance for doubtful accounts and advertiser credits 1,431 1,847
Stock-based compensation 6,901 12,439
Deferred income taxes 1,024 890
Excess tax benefit related to stock-based compensation (209) (162)
Change in certain assets and liabilities:    
Accounts receivable, net (6,252) 3,363
Refundable taxes 192 (659)
Prepaid expenses, other current assets and other assets (462) 1,277
Accounts payable 2,897 (2,430)
Accrued expenses and other current liabilities 649 (1,321)
Deferred revenue 69 93
Other non-current liabilities (30) (176)
Net cash provided by operating activities 7,487 15,590
Cash flows from investing activities:    
Purchases of property and equipment (2,476) (2,267)
Proceeds from sales of intangible assets 3,739 5,457
Purchases of intangible and changes in other non-current assets (124) (67)
Proceeds from sale of discontinued operations 1,058  
Net cash provided by investing activities 2,197 3,123
Cash flows from financing activities:    
Excess tax benefit related to stock-based compensation 209 162
Tax withholding related to restricted stock awards (1,639) (24)
Common stock dividend payments   (2,806)
Repurchase of Class B common stock (119) (1,564)
Proceeds from exercises of stock options and issuance of restricted stock to employees, net of repurchases of forfeited unvested restricted stock 1,040 31
Proceeds from employee stock purchase plan 46 30
Deferred acquisition payments   (16,451)
Net cash used in financing activities (463) (20,622)
Net increase (decrease) in cash and cash equivalents by operations 9,221 (1,909)
Cash and cash equivalents at beginning of period 15,930 37,443
Cash and cash equivalents at end of period 25,151 35,534
Supplemental disclosure of cash flow information:    
Cash paid during the period for income taxes, net of refunds 25 108
Cash paid during the period for interest accretion on deferred payment   349
Non-cash investing and financing activities:    
Deferred payments related to acquisition   $ 100