| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES: | ||||||||||||
Net income | ||||||||||||
6,030 | -1,502 | -15,939 | -3,120 | 13,019 | -9,003 | 934 | -1,080 | 24,684 | -62,881 | -29,626 | -7,246 | -2,188 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
Depreciation and amortization | ||||||||||||
5,660 | 5,686 | 5,368 | 5,274 | 5,194 | 3,839 | 3,370 | 3,982 | 3,543 | 3,852 | 2,811 | 2,623 | 2,461 |
Provision for credit loss | ||||||||||||
338 | - | - | - | 120 | - | - | - | - | - | - | - | - |
Provision for bad debt | ||||||||||||
- | - | - | - | - | -61 | 186 | 204 | 65 | 93 | 401 | 25 | 91 |
Amortization of debt discount and issuance costs | ||||||||||||
2,653 | 2,619 | 2,585 | 455 | 4 | - | - | - | - | - | - | - | - |
Stock-based compensation expense | ||||||||||||
3,171 | 2,944 | 2,292 | 2,080 | 1,212 | 2,126 | 563 | 434 | 216 | 7,979 | 25,265 | 11,168 | 2,869 |
Deferred income taxes | ||||||||||||
-6,001 | -209 | -38 | -49 | -654 | -1,763 | -606 | 1,041 | 271 | 59,898 | -1,114 | -3,861 | 182 |
Other, net | ||||||||||||
-7 | - | - | - | - | 72 | -32 | 159 | 7 | -225 | -135 | -16 | -18 |
Changes in assets and liabilities: | ||||||||||||
Accounts receivable | ||||||||||||
-14,463 | 18,086 | 221 | -2,728 | -7,678 | 17,068 | -3,931 | -7,251 | -4,492 | 22,413 | -604 | -3,259 | -8,153 |
Prepaid expenses and other current assets | ||||||||||||
-1,184 | -6,322 | 3,766 | -803 | 5,755 | -7,025 | 3,367 | 2,363 | 1,091 | -1,128 | -4,281 | -208 | 4,058 |
Other long-term assets | ||||||||||||
321 | 1,148 | -857 | 784 | 1,516 | 1,704 | -320 | 392 | -116 | 264 | 8,457 | 1,044 | 1,523 |
Accounts payable | ||||||||||||
-3,001 | -6 | 1,767 | -395 | -1,792 | 851 | 461 | -175 | 510 | 496 | -2,538 | 1,141 | -186 |
Accrued compensation and benefits | ||||||||||||
-2,581 | 879 | 344 | 360 | -2,815 | 3,028 | 2,577 | 1,633 | -1,560 | 2,271 | 1,320 | 947 | -2,478 |
Other accrued expenses and current liabilities | ||||||||||||
8,580 | -1,597 | 223 | -2,206 | 4,093 | -1,886 | -270 | -966 | -3,545 | 85 | 8,453 | -1,699 | -632 |
Operating lease right-of-use assets and liabilities, net | ||||||||||||
-17 | -86 | -9 | -89 | 286 | - | - | - | - | - | - | - | - |
Deferred revenue | ||||||||||||
-2,129 | 5,351 | 4,335 | 1,499 | 6,241 | 10,450 | -1,092 | 1,202 | -1,005 | 8,243 | -10,177 | 1,378 | 16,493 |
Net cash provided by operating activities | ||||||||||||
28,036 | 1,388 | -1,863 | 6,553 | 25,315 | -4,192 | 3,109 | 10,624 | 26,689 | -1,364 | -8,662 | 6,915 | 19,202 |
INVESTING ACTIVITIES: | ||||||||||||
Payments for acquisition of businesses, net of cash acquired | ||||||||||||
- | - | - | - | - | 187,488 | 8,922 | 5,829 | 1,199 | 0 | 9,145 | 5,338 | 1,099 |
Capital expenditures | ||||||||||||
1,644 | 1,540 | 1,453 | 2,084 | 4,583 | 1,326 | 2,203 | 1,446 | 1,684 | 3,155 | 2,032 | 1,366 | 969 |
Payments for acquisition of developed technology | ||||||||||||
433 | 0 | 129 | 0 | 344 | -11 | 0 | 2,385 | 353 | 0 | 0 | 2,000 | 120 |
Other investing activities, net | ||||||||||||
-62 | 2 | 0 | -14 | -2 | - | - | -15 | -23 | 44 | 1 | -16 | 44 |
Net cash used in investing activities | ||||||||||||
-2,015 | -26,553 | -1,582 | -2,779 | -4,925 | -188,802 | -4,550 | -9,645 | -3,213 | -2,773 | -11,158 | -8,688 | -2,232 |
FINANCING ACTIVITIES: | ||||||||||||
Payments on revolving commitment | ||||||||||||
- | 0 | 0 | 59,546 | 68,395 | - | - | - | - | 82,511 | 18,112 | 21,503 | 32,061 |
Borrowings under revolving commitment | ||||||||||||
- | 1 | 0 | 44,702 | 52,289 | - | - | - | - | 40,562 | 42,043 | 26,956 | 17,271 |
Proceeds from issuance of common stock | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 115 |
Proceeds from the exercise of stock options | ||||||||||||
194 | - | 171 | 812 | 458 | - | 261 | 1,366 | 302 | - | - | - | - |
Payments for follow-on public offering and IPO offering costs | ||||||||||||
- | - | - | - | - | 15 | 73 | 282 | 186 | 2,049 | 1,726 | 788 | 81 |
Principal payments on long-term debt | ||||||||||||
- | - | - | - | - | - | - | - | - | 51,477 | 3,144 | 2,560 | 2,688 |
Payments for redemption of common stock | ||||||||||||
- | - | - | - | - | - | - | - | - | 127 | 307 | 306 | 305 |
Other financing activities | ||||||||||||
-118 | -114 | -140 | -140 | -119 | 178 | -104 | -231 | -111 | -99 | -11 | -4 | -16 |
Net cash provided by (used in) financing activities | ||||||||||||
76 | -44 | -184 | 207,911 | -15,767 | 31,016 | 84 | 136,425 | 5 | 26,424 | 18,743 | 2,156 | -17,765 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | ||||||||||||
-2,113 | 1,407 | -1,252 | 363 | -176 | -89 | -477 | -1,372 | 495 | 340 | 339 | 472 | 490 |
Net increase in cash, cash equivalents and restricted cash | ||||||||||||
23,984 | -23,802 | -4,881 | 212,048 | 4,447 | -162,067 | -1,834 | 136,032 | 23,976 | 22,627 | -738 | 855 | -305 |
Supplemental disclosure of cash flow: | ||||||||||||
Interest paid | ||||||||||||
15 | 279 | 23 | 137 | 225 | 153 | 29 | 31 | 10 | 370 | 559 | 529 | 634 |
Income taxes paid | ||||||||||||
1,831 | 523 | 3,109 | 1,727 | 2,327 | 835 | 2,240 | 1,517 | 2,143 | 1,739 | 1,802 | 711 | 1,641 |
Supplemental disclosure of non-cash investing and financing activities: | ||||||||||||
Finance leases | ||||||||||||
29 | 44 | 22 | 78 | 488 | -100 | -15 | 445 | 565 | - | - | - | - |
Property and equipment in accounts payable, other current liabilities and other liabilities | ||||||||||||
382 | -1,568 | 1,410 | 122 | 295 | 102 | -707 | 199 | 736 | 438 | -11 | 91 | 64 |
Initial public offering costs in other long-term assets | ||||||||||||
- | - | - | - | - | - | - | - | - | - | -656 | -103 | 1,625 |