| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Operating activities | ||||||||||
Net (loss) | ||||||||||
-90,433 | 10,617 | 98,548 | 45,015 | 36,322 | 33,255 | 38,043 | 21,868 | 10,108 | -5,891 | 32,212 |
Adjustments to reconcile net (loss) to cash (used in) provided by operating activities | ||||||||||
Stock-based compensation | ||||||||||
80,909 | 63,862 | 53,313 | 40,821 | 30,054 | 19,205 | 12,869 | 11,506 | 9,028 | 6,745 | 4,673 |
Excess tax benefits from exercise or vesting of equity awards | ||||||||||
- | - | - | - | - | - | 6,435 | 6,031 | 6,658 | 3,719 | 15,411 |
Deferred income taxes | ||||||||||
-49,317 | -30,898 | -2,780 | -4,398 | -2,099 | -13,896 | -7,008 | 6,164 | 15,269 | 1,574 | -1,413 |
Amortization of deferred contract costs | ||||||||||
29,152 | 17,271 | 12,106 | 11,574 | - | - | - | - | - | - | - |
Lease expense | ||||||||||
14,497 | 0 | 0 | - | - | - | - | - | - | - | - |
Amortization of intangible assets and depreciation | ||||||||||
21,396 | 25,295 | 24,713 | 24,137 | 23,093 | 23,352 | 20,035 | 18,566 | 17,462 | 11,988 | 2,801 |
Amortization of investments | ||||||||||
-800 | -1,596 | -1,381 | -1,862 | -2,238 | -1,916 | -1,776 | -1,419 | -849 | -994 | -3,910 |
Foreign currency transaction loss | ||||||||||
-2,335 | 2,421 | -6,413 | 9,360 | -4,168 | -3,769 | -1,593 | 780 | -935 | -4,753 | - |
Other non-cash | ||||||||||
521 | 1,678 | 1,383 | 1,382 | -822 | 747 | -1,670 | -3,357 | -1,749 | 1,358 | -113 |
Change in operating assets and liabilities: | ||||||||||
Accounts receivable, unbilled revenue, and contract assets | ||||||||||
-1,088 | -25,779 | 30,379 | 49,503 | 62,235 | -6,209 | 28,316 | 33,664 | 18,450 | 23,365 | -8,458 |
Income taxes receivable | ||||||||||
- | - | - | - | - | - | - | - | - | - | 5,046 |
Income taxes receivable and other current assets | ||||||||||
6,344 | 6,068 | 13,393 | 10,818 | -3,223 | -2,776 | -7,076 | -6,570 | -10,519 | 1,217 | -502 |
Accounts payable, accrued compensation, and accrued expenses | ||||||||||
25,670 | 20,798 | 14,473 | 1,531 | 16,572 | 13,356 | 5,794 | -7,656 | 9,038 | 4,250 | 16,311 |
Deferred revenue | ||||||||||
1,937 | 28,951 | 14,636 | 2,639 | 17,668 | 11,173 | 26,362 | 24,787 | 14,595 | 23,927 | 639 |
Deferred contract costs | ||||||||||
49,746 | 44,036 | 18,738 | 12,497 | - | - | - | - | - | - | - |
Other long-term assets and liabilities | ||||||||||
23,588 | 4,712 | 675 | -253 | 2,023 | -2,908 | -7,244 | -9,801 | -5,909 | -2,881 | 994 |
Cash (used in) provided by operating activities | ||||||||||
-42,165 | 104,356 | 158,235 | 39,874 | 67,803 | 103,276 | 80,703 | 43,579 | 39,815 | 18,414 | 49,581 |
Investing activities | ||||||||||
Purchases of investments | ||||||||||
11,424 | 69,494 | 27,718 | 23,969 | 75,702 | 55,520 | 60,648 | 20,204 | 57,249 | 73,619 | 79,447 |
Proceeds from maturities and called investments | ||||||||||
13,634 | 33,991 | 26,997 | 22,788 | 42,026 | 33,244 | 27,814 | 24,576 | 20,648 | 34,426 | 67,327 |
Sales of investments | ||||||||||
89,406 | 0 | 0 | 62,210 | 1,915 | - | - | - | 1,048 | 161,260 | - |
Payments to Acquire Businesses, Net of Cash Acquired | ||||||||||
10,934 | 800 | 297 | 49,113 | 1,671 | 3,918 | 25,565 | - | - | 109,228 | - |
Contingent consideration paid for a 2008 acquisition | ||||||||||
- | - | - | - | - | - | - | - | - | 250 | - |
Investment in property and equipment | ||||||||||
10,608 | 11,893 | 13,741 | 19,088 | 11,020 | 11,463 | 5,598 | 23,610 | 9,835 | 5,748 | 6,043 |
Cash (used in) investing activities | ||||||||||
70,074 | -48,196 | -14,759 | -7,172 | -44,452 | -37,657 | -63,997 | -19,238 | -45,388 | 6,841 | -18,163 |
Financing activities | ||||||||||
Issuance of common stock for share-based compensation plans | ||||||||||
- | - | - | - | - | 1,001 | 2,210 | 1,128 | 2,622 | 2,863 | 4,808 |
Excess tax benefits from exercise or vesting of equity awards | ||||||||||
- | - | - | - | - | - | 6,435 | 6,031 | 6,658 | 3,719 | 15,411 |
Dividend payments to shareholders | ||||||||||
9,486 | 9,432 | 9,277 | 9,174 | 9,194 | 6,874 | 3,421 | 5,680 | 4,495 | 4,441 | 4,346 |
Proceeds from revolving credit facility | ||||||||||
45,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Payments on revolving credit facility | ||||||||||
45,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Common stock repurchases for tax withholdings for net settlement of equity awards | ||||||||||
42,637 | 37,594 | 40,617 | 15,294 | 8,640 | 6,128 | 7,345 | 4,391 | -6,262 | 6,984 | -8,596 |
Common stock repurchases | ||||||||||
22,135 | 54,434 | 4,335 | 27,248 | 22,825 | 15,418 | 12,446 | 5,179 | 4,835 | 8,408 | 12,326 |
Cash provided by (used in) financing activities | ||||||||||
-74,258 | -101,460 | -54,229 | -51,716 | -40,659 | -27,419 | -14,567 | -8,091 | -6,312 | -13,251 | -5,049 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||
290 | -2,557 | 2,438 | -3,418 | -4,251 | -3,846 | 567 | 922 | 1,111 | -4,734 | 1,401 |
Net increase (decrease) in cash and cash equivalents | ||||||||||
-46,059 | -47,857 | 91,685 | -22,432 | -21,559 | 34,354 | 2,706 | 17,172 | -10,774 | 7,270 | 27,770 |
Supplemental disclosures | ||||||||||
Income taxes paid (refunded) | ||||||||||
4,745 | 6,630 | -2,322 | 28,844 | 30,215 | 14,722 | 11,107 | 5,106 | 2,566 | 1,582 | 7,024 |