| 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 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 | Dec'14 | Sep'14 | Jun'14 | Mar'14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||||||||||||||||
Net loss | ||||||||||||||||||||||||
-1,683 | 4,718 | 6,842 | 4,538 | -8,323 | -11,020 | -844 | -10,466 | -16,834 | 17,449 | 8,241 | 5,486 | 3,642 | 681 | 7,807 | 16,251 | 2,365 | 16,048 | 10,120 | 26,136 | 13,759 | 13,499 | 13,666 | 23,630 | 14,557 |
Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||||||||||||||||||||
Stock-based compensation expense | ||||||||||||||||||||||||
7,256 | 6,424 | 5,785 | 2,782 | 5,239 | 5,016 | 4,754 | 2,644 | 3,748 | 4,993 | 4,981 | 3,747 | 3,597 | 3,702 | 2,124 | 2,136 | 2,092 | 1,716 | 2,005 | 1,922 | 1,772 | 1,554 | 518 | 436 | 386 |
Depreciation | ||||||||||||||||||||||||
14,980 | 13,879 | 13,787 | 14,303 | 13,931 | 13,460 | 13,602 | 13,109 | 12,529 | 10,771 | 9,687 | 8,568 | 8,874 | 7,710 | 7,132 | 6,669 | 6,567 | 5,538 | 4,759 | 4,551 | 4,373 | 4,327 | 4,182 | 3,681 | 3,322 |
Amortization of intangibles | ||||||||||||||||||||||||
12,954 | 12,951 | 13,116 | 13,117 | 13,116 | 13,383 | 12,969 | 13,797 | 3,851 | 3,815 | 3,863 | 3,911 | 3,611 | 3,780 | 1,772 | 1,827 | 1,827 | 1,842 | 767 | 261 | 542 | 541 | 861 | 1,433 | 1,533 |
Amortization of premiums on short-term investments | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | -554 | -426 | -591 | -661 | -750 | -881 | -871 | - | - | - | - | - | - | - | - |
Amortization of debt issuance costs and debt discount | ||||||||||||||||||||||||
1,151 | 1,347 | 1,096 | 1,083 | 1,072 | 1,062 | 1,052 | 1,024 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Tax payments for equity award issuances | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 7 | 88 | - | - | - | - | - | - | - | - |
Deferred income taxes | ||||||||||||||||||||||||
-181 | -496 | -944 | 835 | -2,671 | -844 | 1,500 | -7,229 | -5,922 | -5,125 | 973 | -2,400 | -113 | 1,370 | -2,456 | 598 | -1,252 | 6,500 | 2,081 | -2,302 | -493 | 2,112 | -1,608 | 758 | 620 |
Loss on sale of short-term investments | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 0 | 0 | - | 9 | -1 | -4 | - | - | - | - | - | - | - | - |
Excess tax benefits from stock-based compensation | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 67 | 157 | 911 | - | - | - | - | - | - | - | - |
Loss on disposal of long-lived assets | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -112 | 0 | -4 | - | - | - | -5 |
Loss on disposal of equipment | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | -138 | 0 | - | 0 | 0 | 534 | - | - | - | - | - | - | - | - |
Change in fair value of contingent consideration | ||||||||||||||||||||||||
109 | 48 | -450 | 138 | 379 | -2,152 | 664 | 8,500 | 200 | -2,300 | -2,900 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Other | ||||||||||||||||||||||||
-295 | -2,107 | -473 | 574 | 1,129 | 7 | -1,281 | 543 | 1,352 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Changes in assets and liabilities: | ||||||||||||||||||||||||
Accounts receivable | ||||||||||||||||||||||||
-1,614 | 11,532 | 11,226 | -1,542 | 13,893 | -4,326 | -6,266 | 18,981 | -11,669 | 6,236 | -15,366 | -5,942 | 16,049 | -3,351 | -14,799 | 21,595 | -8,128 | -12,106 | -6,440 | 21,318 | 21,703 | -8,099 | -6,720 | 4,554 | 20,804 |
Prepaid expenses and other current assets | ||||||||||||||||||||||||
-635 | -455 | -690 | 832 | 802 | 13,396 | 3,384 | 662 | 2,560 | -1,415 | -1,248 | -1,569 | 886 | 2,594 | 2,644 | -4,094 | 5,054 | -518 | 129 | 1,776 | -277 | 864 | 1,285 | 315 | 1,020 |
Income taxes receivable | ||||||||||||||||||||||||
3,624 | -920 | 180 | -2,409 | -2,830 | -596 | -1,942 | 507 | -177 | 7,881 | -3,846 | -4,947 | -2,381 | 4,038 | 1,794 | -7,434 | -2,037 | -3,162 | 2,134 | 0 | -6,797 | 478 | 6,319 | 0 | -4,772 |
Other assets | ||||||||||||||||||||||||
862 | 900 | 644 | 3,571 | -19 | -477 | -1,041 | 2,463 | 3,264 | 633 | 409 | 1,423 | 890 | 118 | -4,133 | 22 | -78 | -119 | 2,203 | -479 | 171 | 213 | -9 | -15 | 846 |
Accounts payable and accrued expenses | ||||||||||||||||||||||||
-2,844 | 9,100 | -924 | 2,250 | 182 | -563 | 5,232 | -9,007 | -1,669 | 2,599 | -7 | 5,591 | 69 | 2,440 | 1,752 | -5,461 | -2,194 | -416 | 5,029 | 1,546 | -1,685 | 665 | 717 | 427 | 311 |
Accrued compensation | ||||||||||||||||||||||||
-15,558 | 3,034 | 10,400 | -503 | -3,602 | 741 | 6,215 | 6,353 | -4,017 | 1,684 | 1,234 | 6,579 | -6,467 | -1,847 | 2,318 | 3,649 | -3,877 | -24,869 | 19,403 | 5,656 | -6,368 | 4,173 | 340 | 4,040 | -867 |
Other current and non-current liabilities | ||||||||||||||||||||||||
-2,996 | 684 | -63 | -4,609 | -2,056 | 13,196 | -4,690 | 8,886 | 2,499 | -1,603 | -4,324 | 930 | -816 | 4,613 | 604 | 2,586 | 2,676 | 1,992 | 777 | -636 | 655 | 238 | 928 | -241 | 389 |
Deferred rent | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | -250 | -232 | -214 | -213 | -205 | -203 | -149 | -177 | -157 | -132 | -109 | -204 | -118 | -50 | 15 |
Deferred revenue | ||||||||||||||||||||||||
-3,443 | -9,581 | 1,923 | 8,899 | -8,205 | 8,768 | 2,147 | 874 | -5,115 | -6,867 | 2,497 | -4,991 | 5,001 | 3,546 | -588 | -588 | 1,537 | 941 | 533 | -2,084 | 613 | 2,053 | -536 | -234 | 105 |
Income taxes payable | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6,161 | 2,554 | - | - | -3,047 | 3,662 |
Net cash provided by operating activities | ||||||||||||||||||||||||
14,099 | 34,228 | 32,340 | 25,157 | 14,755 | 27,386 | 42,891 | 13,250 | 6,874 | 16,758 | 39,829 | 38,788 | 2,331 | 24,211 | 36,213 | 18,107 | 14,299 | 23,398 | 24,420 | 18,919 | 817 | 35,680 | 17,603 | 26,105 | 6,140 |
Cash flows from investing activities: | ||||||||||||||||||||||||
Maturities of short-term investments | ||||||||||||||||||||||||
0 | 0 | 500 | 1,300 | 5,164 | 4,381 | 4,306 | 24,431 | 63,470 | 23,720 | 45,451 | 45,630 | 59,615 | 51,526 | 84,231 | 80,096 | 84,671 | - | - | - | - | - | - | - | - |
Sales of short-term investments | ||||||||||||||||||||||||
- | - | - | - | - | 0 | 0 | 0 | 161,772 | 1,175 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Purchases of short-term investments | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 32,580 | 52,092 | 80,065 | - | - | - | - | - | - | - | - |
Purchases of property and equipment | ||||||||||||||||||||||||
5,533 | 8,787 | 5,512 | 4,714 | 3,796 | 5,562 | 3,467 | 6,831 | 9,645 | 15,021 | 8,364 | 6,215 | 2,965 | 8,093 | 3,004 | 4,210 | 4,053 | 1,947 | 2,148 | 1,053 | 1,338 | 1,171 | 3,035 | 1,693 | 1,619 |
Investment in capitalized software | ||||||||||||||||||||||||
10,940 | 10,158 | 9,196 | 9,150 | 7,626 | 9,100 | 7,837 | 11,407 | 11,125 | 11,236 | 6,347 | 9,789 | 5,605 | 5,448 | 5,371 | 6,059 | 2,790 | 5,394 | 4,275 | 5,124 | 5,158 | 3,881 | 3,742 | 3,066 | 4,475 |
Net cash used in investing activities | ||||||||||||||||||||||||
-16,473 | -18,945 | -14,208 | -12,564 | -6,258 | -10,281 | -6,998 | -1,076,547 | 204,472 | -1,362 | 27,250 | 29,626 | 51,045 | -50,524 | 74,825 | 17,735 | -2,237 | -76,955 | -74,026 | -610,843 | -6,496 | -5,011 | -6,777 | -4,737 | -6,094 |
Cash flows from financing activities: | ||||||||||||||||||||||||
Proceeds from issuance of common stock, net of underwriters discount | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 362,082 | - | - | - | - |
Proceeds from issuance of treasury stock, net of underwriters discount | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 282,172 | - | - | - | - |
Payment of offering costs | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 2,180 | 3,002 | - | - | - | - |
Repurchase of common stock | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 28,600 | 19,813 | 19,790 | 25,383 | - | - | - | - | - | - | - | - | - | - | - | - |
Proceeds from credit facility borrowings | ||||||||||||||||||||||||
99,000 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Repayment of credit facility borrowings | ||||||||||||||||||||||||
2,450 | 52,450 | 2,450 | 2,450 | 2,450 | 2,450 | 0 | 225,000 | 11,250 | 7,500 | 7,500 | 7,500 | 7,500 | 3,750 | 3,750 | 3,750 | 3,750 | 3,750 | 5,000 | 5,000 | 5,000 | - | - | - | - |
Payments for debt issuance costs | ||||||||||||||||||||||||
1,000 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Dividends paid | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 122 | 2,730 |
Proceeds from exercise of stock options | ||||||||||||||||||||||||
183 | 348 | 1,504 | 1,817 | 0 | 205 | 15 | 163 | 1,450 | 1,186 | 765 | 2,991 | 25 | 1,054 | 696 | 574 | 3,841 | - | - | - | - | 0 | 663 | 0 | 57 |
Finance lease liabilities paid | ||||||||||||||||||||||||
631 | 624 | 507 | 590 | 672 | 492 | 398 | 280 | 31 | 29 | 26 | -58 | 116 | 85 | 0 | 0 | 31 | 30 | 29 | 27 | 26 | 29 | 34 | 34 | 33 |
Tax payments for equity award issuances | ||||||||||||||||||||||||
2,947 | 3,018 | 374 | 1,400 | 1,086 | 2,293 | 1 | 610 | 459 | 4,064 | -38 | 49 | 197 | 1,361 | 42 | -87 | 182 | - | - | - | - | - | - | - | - |
Excess tax benefits from stock-based compensation | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 67 | 157 | 911 | - | - | - | - | - | - | - | - |
Increase in cash and cash equivalents | ||||||||||||||||||||||||
89,781 | -40,461 | 3,705 | 9,970 | 4,289 | 12,075 | 35,509 | -341,993 | 201,056 | -23,611 | 40,543 | 44,124 | 20,205 | -86,703 | 54,591 | 32,910 | 12,851 | -52,473 | -27,926 | -598,681 | 630,547 | 30,620 | 11,867 | 12,146 | -2,660 |
Net cash (used in) provided by financing activities | ||||||||||||||||||||||||
92,155 | -55,744 | -14,427 | -2,623 | -4,208 | -5,030 | -384 | 721,304 | -10,290 | -39,007 | -26,536 | -24,290 | -33,171 | -60,390 | -56,447 | -2,932 | 789 | 1,084 | 21,680 | -6,757 | 636,226 | -49 | 1,041 | -9,222 | -2,706 |
Supplemental cash flow disclosure: | ||||||||||||||||||||||||
Income taxes paid (received), net | ||||||||||||||||||||||||
357 | 470 | 196 | -3,323 | -1,931 | -539 | -3,704 | -98 | 205 | 237 | 346 | 190 | 189 | 1,103 | 6,420 | 2,733 | 861 | 333 | 17,781 | 15,341 | 1,583 | 7,929 | 17,430 | 17,566 | 190 |
Interest paid | ||||||||||||||||||||||||
13,092 | 14,907 | 16,396 | 15,863 | 15,602 | 15,955 | 16,487 | 9,372 | 1,759 | 1,556 | 1,576 | 1,476 | 1,364 | 1,235 | 1,220 | 1,185 | 1,195 | 1,055 | 1,115 | 1,113 | 1,076 | - | - | - | - |
Non-cash transactions: | ||||||||||||||||||||||||
Operating lease obligations incurred | ||||||||||||||||||||||||
- | - | - | - | - | - | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Finance lease obligations incurred | ||||||||||||||||||||||||
- | - | - | - | - | - | 0 | 66 | 4,536 | - | 0 | 0 | 0 | - | - | - | - | - | - | - | - | 0 | 0 | -5 | 19 |
Accruals for purchases of property and equipment | ||||||||||||||||||||||||
1,606 | 896 | 1,367 | -697 | 1,590 | 4,397 | 408 | 617 | 6,675 | -371 | 3,522 | 2,036 | 2,737 | 0 | 440 | -557 | 933 | 1,100 | 513 | 19 | 1,557 | 483 | -714 | 1,917 | 403 |
Accruals for investment in capitalized software | ||||||||||||||||||||||||
1,440 | -70 | 591 | -349 | 1,776 | -955 | 609 | -41 | 1,882 | -1,181 | 2,590 | -1,690 | 2,992 | 421 | 266 | 173 | 53 | -343 | 613 | -167 | 464 | 789 | -427 | 340 | 276 |
Accruals for purchase of intangible assets | ||||||||||||||||||||||||
10,819 | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Offering costs not yet paid | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,180 | - | - | - | - |