| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||
Net income (loss) | ||||||||||
8,789 | 3,846 | -22,399 | 10,514 | 42,151 | 32,611 | 10,967 | 16,229 | 24,251 | 10,806 | 11,862 |
Adjustments to reconcile net income (loss) from operations to net cash provided by (used in) operations: | ||||||||||
Depreciation and amortization of intangible assets | ||||||||||
11,545 | 12,138 | 10,601 | 10,777 | 6,302 | 6,156 | 5,042 | 3,644 | 3,809 | 2,458 | 3,343 |
Loss (gain) on disposal of assets | ||||||||||
-69 | 49 | -185 | -14 | 0 | 0 | -275 | 0 | 0 | - | - |
Deferred tax benefit | ||||||||||
-1,624 | -7,431 | 13,053 | -4,936 | -691 | 492 | -6,118 | 1,065 | -4,332 | 118 | -38 |
Stock-based compensation | ||||||||||
3,368 | 3,973 | 3,466 | 2,766 | 3,835 | 2,399 | 2,587 | 3,726 | 6,117 | 1,021 | -309 |
Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | ||||||||||
3,414 | 11,960 | 8,428 | 8,106 | -2,860 | 4,660 | 39 | -4,530 | 10,315 | -6,700 | 4,951 |
Inventories, net | ||||||||||
5,391 | 2,388 | -5,380 | -3,198 | -13,257 | 8,222 | 6,492 | 2,641 | 5,323 | 1,695 | -4,363 |
Contract assets | ||||||||||
-655 | 3,110 | - | - | - | - | - | - | - | - | - |
Foreign sales tax receivable | ||||||||||
- | - | - | - | -49 | 112 | 135 | -264 | -1,600 | 1,155 | -6,375 |
Other current assets | ||||||||||
- | - | - | - | 358 | -1,150 | 2,865 | -77 | -186 | 229 | -5 |
Accounts payable | ||||||||||
3,628 | -1,475 | -1,013 | 163 | -6,645 | 4,531 | -1,460 | 407 | -1,569 | 4,465 | -5,864 |
Income taxes payable | ||||||||||
318 | -2,541 | 11,926 | -582 | 2,946 | -2,063 | 3,641 | -1,589 | -113 | -744 | -91 |
Accrued expenses | ||||||||||
-1,286 | 2,211 | 2,514 | 4 | 1,351 | 3,344 | 565 | -207 | 1,438 | 41 | -951 |
Deferred compensation | ||||||||||
-334 | -291 | -77 | 226 | 697 | 691 | -2,424 | -1,933 | 0 | 0 | -1,434 |
Deferred revenue | ||||||||||
1,465 | 9,538 | 3,704 | 14,396 | 2,996 | 2,437 | 6,787 | -537 | 2,169 | -703 | 518 |
Other assets and liabilities | ||||||||||
-456 | 1,235 | 1,285 | 19 | - | - | - | - | - | - | - |
Other | ||||||||||
- | - | - | - | 42 | 0 | 0 | - | - | - | - |
Net cash used in operating activities | ||||||||||
18,244 | 1,226 | 17,627 | 28,415 | 68,792 | 38,754 | 10,331 | 23,035 | 17,918 | 21,083 | 12,828 |
Cash flows from investing activities: | ||||||||||
Purchase of short term investments | ||||||||||
33,839 | 22,820 | 178,658 | 184,690 | 109,747 | 94,856 | 0 | 0 | - | - | - |
Maturities of short term investments | ||||||||||
31,399 | 80,000 | 195,000 | 134,775 | 129,725 | 29,916 | 0 | 0 | - | - | - |
Purchase of Dealflo, net of cash acquired | ||||||||||
- | 53,065 | - | - | 74,486 | - | - | 0 | - | 0 | 0 |
Additions to property and equipment | ||||||||||
7,453 | 3,685 | 3,088 | 2,043 | 1,362 | 1,453 | 944 | 1,337 | 1,132 | 1,417 | 2,169 |
Additions to intangible assets | ||||||||||
- | - | - | - | 89 | 112 | 294 | 326 | 7,287 | 289 | 317 |
Other | ||||||||||
- | 236 | 456 | 4,538 | -3 | 1,295 | -267 | -117 | 64 | 66 | 242 |
Net cash provided by (used in) investing activities | ||||||||||
-9,893 | 194 | 12,798 | -56,496 | -55,956 | -67,800 | -20,466 | -1,546 | -9,784 | -1,772 | -2,728 |
Cash flows from financing activities: | ||||||||||
Repayment of debt | ||||||||||
- | - | - | - | 5,925 | 0 | 0 | - | - | - | - |
Proceeds from exercise of stock options, net | ||||||||||
- | - | - | - | - | 51 | 114 | 441 | 153 | 3 | 119 |
Tax payments for restricted stock issuances | ||||||||||
569 | 970 | 640 | 1,051 | 837 | 123 | 998 | 0 | 0 | - | - |
Tax benefit of stock-based compensation | ||||||||||
- | - | - | - | 318 | 253 | 3,318 | 0 | 0 | - | - |
Cash flows from discontinued operations: | ||||||||||
Net cash provided by (used in) operating activities of discontinued operations | ||||||||||
- | - | - | - | - | 2,864 | -306 | -974 | -1,310 | 0 | 0 |
Net cash used in investing activities of discontinued operations | ||||||||||
- | - | - | - | - | - | - | - | -5,761 | 0 | 0 |
Net cash provided by (used in) discontinued operations | ||||||||||
- | - | - | - | - | 2,864 | -306 | -974 | -7,071 | 0 | 0 |
Net cash used in financing activities | ||||||||||
-569 | -970 | -640 | -1,051 | -6,444 | 181 | 2,434 | 441 | 153 | 3 | 119 |
Effect of exchange rate changes on cash | ||||||||||
-208 | -1,556 | -469 | -45 | -311 | -165 | 145 | 1,015 | -2,252 | -1,382 | -332 |
Net decrease in cash | ||||||||||
7,574 | -1,106 | 29,316 | -29,177 | 6,081 | -26,166 | -7,862 | 21,972 | -1,036 | 17,932 | 9,887 |
Supplemental cash flow disclosures: | ||||||||||
Cash paid for income taxes | ||||||||||
7,839 | 10,884 | 6,427 | 5,982 | 6,781 | 6,109 | 3,121 | 6,005 | 5,914 | 3,372 | 3,775 |
Cash paid for interest | ||||||||||
- | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 |