| Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 | Dec'14 | Sep'14 | Jun'14 | Mar'14 | Dec'13 | Sep'13 | Jun'13 | Mar'13 | Dec'12 | Sep'12 | Jun'12 | Mar'12 | Dec'11 | Sep'11 | Jun'11 | Mar'11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | |||||||||||||||||||||
Net income | |||||||||||||||||||||
2,643 | 3,749 | 16,651 | -12,655 | 3 | 6,860 | 4,112 | 4,916 | -3,771 | 9,710 | 6,261 | -5,494 | 3,559 | 9,802 | 12,112 | 7,318 | 4,052 | 13,388 | 7,629 | 8,468 | 4,754 | 11,042 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||||||||||||
Depreciation and amortization | |||||||||||||||||||||
3,884 | 4,573 | 5,189 | 5,563 | 5,696 | 5,170 | 4,948 | 5,237 | 4,432 | 4,455 | 4,033 | 3,989 | 3,487 | 3,111 | 2,914 | 2,805 | 2,318 | 2,213 | 1,817 | 1,770 | 1,757 | 1,677 |
Amortization of deferred finance costs | |||||||||||||||||||||
1,071 | 270 | 2,618 | 499 | 499 | 659 | 116 | 123 | 122 | 123 | 120 | 109 | 112 | 111 | 111 | 34 | 34 | 34 | 22 | 18 | 18 | 18 |
Gain on disposition of disbursements and data analytics businesses, net | |||||||||||||||||||||
12,703 | -32 | - | - | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Stock-based customer acquisition expense | |||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,260 | 2,298 | 4,288 | 2,647 |
Stock-based compensation | |||||||||||||||||||||
3,388 | 1,126 | 1,712 | 1,360 | 1,319 | 2,198 | 1,148 | 1,078 | 790 | 1,558 | 883 | 935 | 841 | 1,485 | 867 | 901 | 915 | 1,410 | 819 | 889 | 856 | 1,304 |
Deferred income taxes | |||||||||||||||||||||
1,640 | -473 | 11,824 | -9,459 | -1,165 | -945 | 2,157 | -4,449 | 245 | 5,014 | -7,467 | -110 | 1,846 | -856 | 3,611 | -1,176 | -191 | -388 | 3,188 | -1,185 | -2,200 | -1,481 |
Income tax benefit related to exercise of stock options and tax payments related to the vesting of restricted stock units | |||||||||||||||||||||
0 | -732 | 106 | -2 | -103 | -15 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Non-cash fair value adjustment of contingent consideration | |||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | 535 | 5,304 | -89 | 7,560 | -310 | 0 | 0 | - | - | - | - |
Income tax benefit related to exercise of stock options | |||||||||||||||||||||
- | - | - | - | - | - | - | - | - | -3 | - | -61 | -587 | -148 | -1,859 | -4,540 | 1,744 | 0 | - | - | - | - |
Other non-cash income | |||||||||||||||||||||
89 | 77 | 78 | 81 | 78 | 77 | 77 | -197 | 77 | 78 | 77 | 78 | 77 | 77 | 80 | 78 | 77 | 78 | 0 | 0 | 0 | 0 |
Loss on disposal of fixed assets | |||||||||||||||||||||
-1 | -47 | -31 | -89 | -19 | -10 | -28 | -6 | -52 | -32 | -20 | 8 | -8 | -8 | -9 | -9 | -46 | 20 | -771 | 236 | 98 | 9 |
Changes in operating assets and liabilities: | |||||||||||||||||||||
Accounts receivable | |||||||||||||||||||||
4,337 | 1,558 | -4,180 | -4,300 | 4,848 | 3,104 | -3,053 | -1,991 | 2,977 | 2,249 | -1,357 | -1,213 | 3,998 | 1,689 | -3,844 | -604 | 4,950 | -1,722 | 3,962 | -204 | -800 | -1,908 |
Income receivable | |||||||||||||||||||||
-1,712 | -2,681 | 603 | 2,215 | -541 | -2,103 | -2,714 | 4,390 | -2,166 | 2,863 | -626 | -6,217 | 6,608 | -551 | -1,524 | 905 | 1,322 | 802 | 4,816 | -2,886 | 1,447 | -1,135 |
Deferred costs | |||||||||||||||||||||
98 | 100 | 102 | 119 | 158 | 119 | 147 | 296 | 453 | 1,354 | 472 | 443 | 293 | 184 | 200 | 197 | 762 | -256 | 1,637 | -278 | -201 | -166 |
Prepaid expenses and other current assets | |||||||||||||||||||||
771 | -1,873 | 1,454 | 97 | 520 | -3,014 | 1,497 | -3,060 | 5,237 | -126 | -6,719 | 5,035 | -323 | -4,763 | -265 | -6,724 | -21,665 | 15,392 | -6,293 | 4,415 | -4,704 | 4,253 |
Other assets | |||||||||||||||||||||
-429 | -59 | -183 | -84 | 14 | 639 | 1,521 | 5 | 60 | 26 | 18 | 7 | 238 | 92 | 153 | 0 | 7 | 107 | -100 | -84 | 139 | -64 |
Accounts payable | |||||||||||||||||||||
-33 | -286 | 996 | -404 | -1,150 | 259 | 1,108 | -504 | -283 | -849 | 665 | 526 | -628 | -532 | -42 | 418 | -442 | 823 | 631 | -986 | 1,368 | -958 |
Accrued expenses | |||||||||||||||||||||
-4,499 | -1,056 | -30,245 | 25,175 | -3,790 | 2,860 | -3,063 | 3,662 | 8,016 | -13,391 | -979 | 18,632 | -4,223 | 5,954 | 310 | -824 | -2,859 | 117 | 1,796 | 2,233 | -6,264 | 4,847 |
Deferred revenue | |||||||||||||||||||||
4,994 | -1,095 | -4,404 | 1,237 | 7,240 | -2,065 | -3,770 | 2,084 | 6,682 | -1,615 | 371 | 830 | 4,751 | 238 | -527 | 674 | 2,696 | 338 | -926 | -1 | 2,421 | 344 |
Net cash provided by operating activities | |||||||||||||||||||||
-2,768 | 9,033 | -51,549 | 13,275 | 3,491 | 16,169 | 9,307 | 12,680 | 9,633 | -1,410 | 11,324 | 20,680 | -7,029 | 22,534 | 15,146 | 12,077 | -5,826 | 32,200 | 13,132 | 9,429 | 1,477 | 20,429 |
Cash flows from investing activities | |||||||||||||||||||||
Purchases of available for sale investment securities | |||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 1,460 | 9,770 | 2,909 | 3,405 | 3,502 | 4,285 |
Proceeds from maturities of available for sale investment securities | |||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 0 | -14,634 | 10,901 | 12,127 | 3,700 | -8,000 | 2,400 | 2,600 | 3,000 |
Purchases of fixed assets | |||||||||||||||||||||
52 | 208 | 210 | 1,102 | 740 | 629 | 629 | 524 | 1,177 | 1,157 | 2,198 | 1,267 | 2,037 | 1,259 | 996 | 1,975 | 4,522 | 16,002 | 18,705 | 14,927 | 5,268 | 1,428 |
Payments to Acquire Businesses, Gross | |||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 0 | 47,250 | 0 | - | - | - | - | - | - | - | - |
Additions to internal use software | |||||||||||||||||||||
675 | 677 | 779 | 1,158 | 1,187 | 1,354 | 1,122 | 1,419 | 1,489 | 1,265 | 488 | 1,271 | 335 | 631 | 793 | 692 | 558 | 811 | 1,379 | 0 | 0 | 0 |
Deposits to Restricted Cash | |||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 1,250 | 0 | 0 | - | - | - | - | - | - | - | - |
Proceeds from development related subsidies | |||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 |
Payment to escrow agent | |||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 175 | 0 | 0 | 1,075 |
Amount Received from Restricted Cash | |||||||||||||||||||||
- | - | - | - | - | - | - | - | - | -25 | - | 0 | -2,000 | 0 | - | - | - | - | - | - | - | - |
Proceeds from development related subsidies | |||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 3,468 | - | 0 | 0 | 0 | 0 | 0 | 0 | 330 | 7,125 | 0 | 0 | 0 |
Net cash provided by (used in) investing activities | |||||||||||||||||||||
17,905 | -885 | 51,323 | -2,260 | -1,927 | -1,983 | -1,751 | 1,638 | -2,666 | 1,071 | -6,542 | -3,788 | -47,622 | -1,890 | -1,424 | -28,776 | 2,702 | -22,553 | -18,621 | -15,932 | -4,670 | -3,788 |
Cash flows from financing activities | |||||||||||||||||||||
Proceeds from line of credit | |||||||||||||||||||||
- | - | - | - | - | - | 0 | 0 | 0 | 15,000 | 0 | 0 | 49,000 | 3,000 | 50,000 | 30,000 | 0 | 0 | - | - | - | - |
Repayments of line of credit | |||||||||||||||||||||
10,000 | 0 | 0 | 0 | 0 | 35,000 | 0 | 0 | 0 | 10,000 | 11,000 | 12,000 | 0 | 20,000 | 0 | 0 | 0 | 0 | - | - | - | - |
Payment of deferred financing costs | |||||||||||||||||||||
169 | 0 | 523 | 0 | 11 | 4,456 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Excess tax benefit related to stock options | |||||||||||||||||||||
- | 4 | - | - | - | 15 | 2 | 30 | 14 | 3 | 718 | 61 | 587 | 148 | 1,859 | 1,052 | 324 | 1,420 | 3,519 | 3,396 | 1,493 | 385 |
Proceeds from exercise of stock options | |||||||||||||||||||||
24 | 4 | 11 | 8 | 122 | 215 | 19 | 38 | 127 | 19 | 189 | 54 | 836 | 224 | - | 2,037 | 338 | 564 | - | 320 | 341 | 322 |
Purchases of common stock | |||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 5,996 | - | 14,795 | 5,907 | 16,898 | 1,964 | 14,244 | 0 | 0 |
Net cash used in financing activities | |||||||||||||||||||||
-10,153 | 8 | -618 | 10 | 214 | -39,226 | 21 | 68 | 141 | 5,022 | -10,344 | -11,885 | 50,423 | -22,624 | -27,735 | 18,294 | -5,245 | -14,914 | 11,132 | -10,528 | 1,834 | 707 |
Effect of exchange rate changes on cash | |||||||||||||||||||||
0 | 0 | - | - | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net change in cash and cash equivalents | |||||||||||||||||||||
4,984 | 8,156 | -917 | 11,025 | 1,778 | -25,040 | 7,577 | 14,386 | 7,108 | 4,683 | -5,562 | 5,007 | -4,228 | -1,980 | -14,013 | 1,595 | -8,369 | -5,267 | 5,643 | -17,031 | -1,359 | 17,348 |