| 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 | ||||||||||||
12,696 | 13,171 | 10,384 | 6,007 | 12,584 | 12,450 | 13,882 | 33,343 | 5,495 | 2,267 | 2,379 | 4,346 | 4,207 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
Depreciation and amortization | ||||||||||||
2,990 | 2,158 | 2,118 | 1,914 | 1,627 | 1,264 | 1,308 | 1,220 | 1,237 | 1,125 | 1,083 | 917 | 670 |
Currency gain on foreign denominated transactions | ||||||||||||
102 | -237 | 87 | 7 | 833 | 134 | 37 | 72 | -53 | - | - | - | - |
Deferred taxes | ||||||||||||
5,464 | 1,291 | 291 | -1,624 | -3,692 | -4,497 | -7,443 | -25,783 | -1,317 | -454 | -1,073 | 435 | -25 |
Provision for doubtful accounts | ||||||||||||
1,202 | 396 | 327 | 353 | 15 | 434 | 524 | 345 | 377 | 573 | 164 | 221 | 159 |
Stock-based compensation expense | ||||||||||||
11,606 | 8,911 | 8,761 | 8,943 | 7,686 | 5,843 | 5,528 | 5,605 | 3,818 | 4,804 | 74 | 74 | 76 |
Amortization of deferred contract costs | ||||||||||||
2,836 | 2,619 | 2,163 | 1,804 | 1,830 | 1,334 | 1,054 | 788 | 513 | - | - | - | - |
Changes in operating assets and liabilities: | ||||||||||||
Accounts receivable, net | ||||||||||||
-5,401 | 4,624 | 1,146 | 2,319 | 1,519 | 743 | 1,741 | -440 | -133 | 3,026 | 1,293 | 1,693 | 1,027 |
Prepaid expenses, prepaid income taxes, and other assets | ||||||||||||
11,047 | -493 | -1,200 | 311 | 1,760 | 3,105 | 4,336 | 3,805 | 507 | 3,430 | -2,033 | 2,487 | -1,597 |
Deferred contract costs | ||||||||||||
3,296 | 4,537 | 3,674 | 3,392 | 4,376 | 3,272 | 3,213 | 3,326 | 3,176 | - | - | - | - |
Accounts payable | ||||||||||||
-7,437 | -6,472 | 4,708 | 2,807 | 3,225 | -2,117 | 4,124 | 6,689 | 649 | -165 | 5,209 | 1,156 | 44 |
Accrued expenses, accrued income taxes, and other current liabilities | ||||||||||||
-4,350 | 4,198 | -738 | 2,700 | -4,009 | 5,659 | -973 | 1,660 | -3,651 | 5,776 | 199 | 502 | -1,286 |
Deferred revenue | ||||||||||||
-4,938 | 2,201 | -695 | -464 | 132 | 1,127 | 66 | 504 | 2,811 | -303 | 14 | 217 | 1,034 |
Lease obligations | ||||||||||||
-721 | 414 | -2 | -500 | -1,380 | -5,755 | 1,900 | -219 | -215 | 35 | 406 | -938 | 270 |
Other non-current liabilities | ||||||||||||
-163 | 109 | 212 | 133 | 155 | 58 | 108 | 85 | 154 | -15 | 101 | 91 | 66 |
Net cash provided by operating activities | ||||||||||||
10,141 | 20,565 | 23,822 | 16,044 | 9,685 | 17,124 | 10,751 | 17,474 | 6,374 | 7,149 | 8,452 | 4,845 | 5,245 |
Investing Activities | ||||||||||||
Purchases of property and equipment | ||||||||||||
1,214 | 440 | 2,181 | 2,884 | 5,700 | 4,083 | 892 | 547 | 434 | 910 | 2,271 | 1,817 | 159 |
Capitalization of website development costs | ||||||||||||
666 | 947 | 547 | 716 | 811 | 544 | 253 | 144 | 581 | 728 | 540 | 385 | 562 |
Cash paid for acquisition, net of cash acquired | ||||||||||||
21,004 | - | - | - | 19,139 | - | - | - | - | - | - | - | - |
Investments in certificates of deposit | ||||||||||||
- | 43,000 | 38,281 | 70,827 | 25,700 | 82,800 | 0 | 70,000 | 60,000 | 0 | 20,000 | 0 | 30,000 |
Maturities of certificates of deposit | ||||||||||||
30,411 | 66,116 | 22,800 | 60,000 | 40,000 | 30,000 | 40,000 | 40,000 | 30,000 | 10,000 | 8,000 | 0 | 26,774 |
Net cash provided by (used in) investing activities | ||||||||||||
7,527 | 21,729 | -18,209 | -14,427 | -11,350 | -57,427 | 38,855 | -30,691 | -31,015 | 8,362 | -14,811 | -2,202 | -3,947 |
Payment of initial public offering costs | ||||||||||||
- | - | - | - | - | 0 | 0 | 0 | 1,142 | - | - | - | - |
Proceeds from exercise of stock options | ||||||||||||
514 | 351 | 368 | 391 | 697 | 571 | 676 | 2,305 | 80 | 110 | 120 | 59 | 109 |
Payment of finance lease obligations | ||||||||||||
9 | 9 | 9 | 6 | 6 | - | - | - | - | - | - | - | - |
Payment of withholding taxes on net share settlement of restricted stock units | ||||||||||||
3,397 | - | - | - | 3,954 | - | - | - | - | - | - | - | - |
Net cash used in financing activities | ||||||||||||
-2,892 | -3,345 | -3,833 | -4,252 | -3,263 | -3,447 | -3,703 | -15,183 | -1,062 | 46,620 | -1,703 | -246 | 109 |
Impact of foreign currency on cash, cash equivalents, and restricted cash | ||||||||||||
-28 | 96 | -114 | 40 | -23 | 10 | 29 | -107 | 24 | 2 | 128 | 3 | 26 |
Net increase (decrease) in cash, cash equivalents, and restricted cash | ||||||||||||
14,748 | 39,045 | 1,666 | -2,595 | -4,951 | -43,740 | 45,932 | -28,507 | -25,679 | 62,133 | -7,934 | 2,400 | 1,433 |
Supplemental disclosure of cash flow information: | ||||||||||||
Cash paid for income taxes | ||||||||||||
20 | 147 | 65 | 74 | 14 | -12 | 40 | 2,275 | 5 | 173 | 3,573 | 600 | 47 |
Cash paid for interest | ||||||||||||
- | - | - | - | - | - | - | 5 | 5 | - | 5 | 6 | 6 |
Supplemental disclosure of non–cash investing and financing activities: | ||||||||||||
Unpaid purchases of property and equipment | ||||||||||||
967 | 403 | -2,406 | 538 | 2,112 | 3,086 | 1,489 | 524 | 188 | -229 | -1,532 | 1,095 | 1,176 |
Capitalized stock-based compensation expense in website development and internal-use software costs | ||||||||||||
248 | 431 | 324 | 317 | 309 | 191 | 89 | 61 | 149 | - | - | - | - |
Cash paid for operating lease liabilities | ||||||||||||
4,024 | 2,441 | 2,860 | 2,600 | 3,005 | - | - | - | - | - | - | - | - |