v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Apr. 01, 2017
Mar. 26, 2016
Cash flows from operating activities    
Net income (loss) $ 824 $ 6,755
Income from discontinued operations, net of tax 0 7,878
Income (loss) from continuing operations 824 (1,123)
Adjustments to reconcile net income (loss) from continuing operations to net cash provided by operating activities:    
Stock-based compensation 1,603 1,368
Depreciation and amortization 601 1,169
Deferred taxes 146 0
Foreign currency remeasurement gain 240 24
Other non-cash operating income 0 (56)
Changes in operating assets and liabilities, net of effects from acquisitions:    
Accounts receivable (2,986) 2
Unbilled accounts receivable 679 (231)
Prepaid expenses and other current assets (921) (465)
Accounts payable (707) 19
Accrued expenses and other current liabilities 1,625 558
Deferred revenue 3,462 1,437
Other non-current liabilities 19 154
Net cash provided by operating activities by continuing operations 4,585 2,856
Net cash provided by operating activities by discontinued operations 0 2,602
Net cash provided by operating activities 4,585 5,458
Cash flows from investing activities    
Purchases of property and equipment (271) (26)
Payments for acquisitions, net of cash acquired 0 (420)
Purchase of short-term investment (15,000) 0
Sale of short-term investment 15,000 0
Net cash used in investing activities (271) (446)
Cash flows from financing activities    
Proceeds from exercise of common stock options 1,330 579
Net cash provided by financing activities by continuing operations 1,330 579
Net cash used in financing activities by discontinued operations 0 (14,510)
Net cash provided by (used in) financing activities 1,330 (13,931)
Effect of exchange rate changes on cash and cash equivalents (421) (29)
Net increase (decrease) in cash and cash equivalents 5,223 (8,948)
Cash and cash equivalents, beginning of the period 61,094 61,240
Cash and cash equivalents, end of the period 66,317 52,292
Supplemental disclosure of cash flow activities    
Cash paid for taxes 0 68
Supplemental disclosure of non-cash operating, investing and financing activities    
Unpaid purchases of property and equipment 35 9
Series A Redeemable Convertible Preferred Stock dividend accretion 602 0
Fair value of common shares received from legal settlement (Note 3) $ 0 $ 2,593