v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities    
Net income $ 6,474 $ 4,860
Adjustments to reconcile net income including non-controlling interests to net cash provided by operating activities:    
Depreciation and amortization of property and equipment 11,672 8,894
Amortization of intangible assets 778 1,392
Stock-based compensation 2,163 2,275
Forgiveness of note receivable from stockholder   103
Excess tax benefits from stock-based compensation (1,041)  
Change in fair value of preferred stock warrants   140
Change in deferred income taxes (420) (857)
Changes in operating assets and liabilities:    
Accounts receivable (4,053) 2,054
Unbilled receivables 671 (304)
Prepaid expenses and other assets 1,767 54
Accounts payable (821) 55
Accrued expenses and other liabilities (3,552) 419
Deferred revenue 3,596 901
Net cash provided by operating activities 17,234 19,986
Cash flows from investing activities    
Increase in restricted cash   (65)
Purchases of marketable securities available-for-sale (52,232)  
Sales of marketable securities 15,013 1,000
Acquisition, net of cash acquired (3,185)  
Purchases of property and equipment (15,755) (13,154)
Contractual payments related to business acquisition (14) (127)
Net cash used in investing activities (56,173) (12,346)
Cash flows from financing activities    
Excess tax benefits from stock-based compensation 1,041  
Proceeds from exercise of stock options 2,125 602
Payments of capital leases (190) (330)
Payments to non-controlling interests (620) (547)
Proceeds from issuance of common stock upon initial public offering   48,297
Offering costs   (2,529)
Net cash provided by financing activities 2,356 45,493
Net decrease in cash and cash equivalents (36,583) 53,133
Cash and cash equivalents at beginning of year 93,933 25,721
Cash and cash equivalents at end of year 57,350 78,854
Supplemental disclosure of cash flow information    
Cash paid for taxes 650 1,194
Supplemental disclosure of non-cash investing and financing activities    
Property and equipment and software maintenance costs in accounts payable, accrued expenses and other liabilities 4,129 2,247
Accretion of convertible preferred stock   1,633
Conversion of convertible preferred stock into common stock   124,602
Exercise and conversion of preferred stock warrants into common stock   $ 272