| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||
Net Income (Loss) Attributable to Parent | ||||||||
25,970 | 54,387 | 15,902 | 22,950 | 18,242 | 21,699 | 10,499 | 33,321 | -17,250 |
Adjustments to reconcile net income to net cash (used in) provided by operating activities: | ||||||||
Depreciation | ||||||||
14,011 | 11,384 | 8,696 | 6,671 | 4,386 | 3,421 | 2,950 | 3,199 | 4,164 |
Amortization, impairment and change in contingent consideration | ||||||||
41,456 | 37,889 | 37,175 | 27,618 | 20,992 | 11,612 | 15,674 | 11,327 | 7,764 |
Amortization of debt issuance costs | ||||||||
578 | 418 | 159 | 0 | 0 | - | - | - | - |
Amortization of contract costs | ||||||||
2,844 | 0 | 0 | - | - | - | - | - | - |
Stock-based compensation expense | ||||||||
18,088 | 25,649 | 27,180 | 20,606 | 14,558 | 9,206 | 3,750 | 2,244 | 2,404 |
Payment of contingent consideration in excess of initial measurement | ||||||||
- | - | - | - | - | -643 | -3,361 | 662 | - |
Provision for doubtful accounts | ||||||||
1,034 | 558 | 947 | 396 | -367 | 180 | -261 | 61 | 66 |
Revaluation of warrants | ||||||||
- | - | - | - | - | - | -381 | -351 | -5,413 |
Loss on disposal of fixed assets | ||||||||
-306 | -123 | -273 | -1,096 | -98 | -128 | -178 | -167 | - |
Accrued interest on debt securities | ||||||||
493 | 237 | 0 | - | - | - | - | - | - |
Loss on impairment of long-lived assets | ||||||||
- | - | - | - | - | - | - | - | 120 |
Amortization of debt discount | ||||||||
- | - | - | - | - | - | - | - | 21,107 |
Deferred taxes | ||||||||
-6,408 | -9,336 | 5,853 | -13,066 | -10,582 | -9,049 | -6,688 | 20,198 | 1,334 |
Excess tax benefit related to stock-based compensation arrangements | ||||||||
0 | 0 | 14,806 | 11,198 | 10,433 | 12,296 | 1,901 | - | - |
Changes in operating assets and liabilities: | ||||||||
Receivables | ||||||||
-5,216 | 14,692 | 22,088 | 18,214 | 20,969 | 8,457 | 5,538 | -475 | 2,109 |
Prepaid expenses and other current assets | ||||||||
-5,609 | 9,514 | -7,901 | -961 | 2,743 | 3,954 | 2,659 | 3,996 | 324 |
Other assets | ||||||||
18,558 | 3,145 | 699 | -2,084 | 2,877 | 179 | 160 | -204 | 303 |
Accounts payable and accrued expenses | ||||||||
8,276 | 17,387 | 9,488 | 5,062 | 2,684 | 7,840 | 5,075 | -29 | 344 |
Customer obligations | ||||||||
66,732 | 86,988 | 207,559 | 38,370 | 19,480 | 26,339 | 23,680 | 28,917 | 1,522 |
Other liabilities | ||||||||
1,178 | 1,278 | -2,892 | 4,792 | 790 | -2,240 | 1,900 | 510 | -1,108 |
Net cash (used in) provided by operating activities | ||||||||
178,655 | 217,809 | 268,942 | 114,260 | 54,423 | 61,705 | 56,133 | 55,189 | 20,476 |
Cash flows from investing activities: | ||||||||
Purchases of property and equipment | ||||||||
33,535 | 36,787 | 28,319 | 28,141 | 21,200 | 13,832 | 12,291 | 9,408 | 7,257 |
Purchases of short-term investments | ||||||||
157,672 | 208,656 | 0 | - | - | - | - | - | - |
Proceeds from sales of short-term investments | ||||||||
16,049 | 5,398 | 0 | - | - | - | - | - | - |
Proceeds from maturities of short-term investments | ||||||||
114,910 | 7,500 | 0 | - | - | - | - | - | - |
Cash consideration for business acquisitions, net of cash acquired | ||||||||
0 | 0 | 233,965 | 9,445 | 44,334 | 752 | -8,953 | 1,852 | 5,012 |
Cash paid for acquisition of intangible assets | ||||||||
- | - | - | 382 | 0 | 1,573 | 6,006 | - | - |
Change in restricted cash | ||||||||
- | - | - | 0 | 1 | -3,248 | -1,790 | 1,334 | 30 |
Purchases of intangible assets | ||||||||
209 | 4,658 | 21,120 | - | - | 14,646 | - | - | - |
Net cash provided by (used in) investing activities | ||||||||
-60,457 | -237,203 | -283,404 | -37,968 | -65,535 | -27,555 | -7,554 | -12,594 | -12,299 |
Cash flows from financing activities: | ||||||||
Proceeds from long-term debt | ||||||||
0 | 0 | 169,900 | 0 | 50,000 | - | 29,470 | 12,064 | 2,837 |
Proceeds from initial public offering net of underwriters commissions and discounts | ||||||||
- | - | - | - | - | - | 62,557 | - | - |
Proceeds from public stock offering | ||||||||
0 | 135,387 | 0 | - | - | 11,550 | 16,450 | - | 5 |
Payment of underwriting discounts, commissions and other costs associate with the public offering | ||||||||
0 | 4,598 | 0 | - | - | - | - | - | - |
Proceeds from exercise of warrants | ||||||||
- | - | - | - | - | - | 1,740 | - | - |
Proceeds from exercise of common stock options | ||||||||
1,395 | 14,267 | 16,070 | 6,598 | 6,700 | 15,981 | 4,392 | 27 | - |
Proceeds from issuance of common stock under Employee Stock Purchase Plan | ||||||||
869 | 2,681 | 2,194 | 2,145 | 2,100 | 1,817 | 852 | - | - |
Payments of Debt Issuance Costs | ||||||||
800 | 1,851 | 207 | 366 | 337 | - | - | - | - |
Payments of debt principal | ||||||||
0 | 2,500 | 0 | - | - | 15,000 | - | - | - |
Payment of contingent consideration | ||||||||
0 | 0 | 750 | 3,247 | 4,485 | 6,629 | 14,656 | -4,288 | - |
Payment for treasury stock acquired | ||||||||
0 | 7,935 | 9,371 | 5,003 | 0 | - | 113 | - | - |
Payment of finance lease obligations | ||||||||
299 | 302 | 381 | 0 | 0 | - | - | - | - |
Taxes paid related to net share settlement of stock-based compensation arrangements | ||||||||
281 | 9,019 | 6,108 | - | - | - | - | - | - |
Payment for share repurchases | ||||||||
- | - | - | - | - | - | - | 57 | - |
Excess tax benefit related to stock-based compensation arrangements | ||||||||
0 | 0 | 14,806 | 11,198 | 10,433 | 12,296 | 1,901 | - | - |
Net cash (used in) provided by financing activities | ||||||||
884 | 126,130 | 186,153 | 11,325 | 64,455 | 20,015 | 102,593 | 7,746 | 2,842 |
Net decrease in cash and cash equivalents, unrestricted and restricted | ||||||||
119,082 | 106,736 | 171,691 | 87,617 | 53,343 | 54,165 | 151,172 | 50,341 | 11,019 |
Supplemental cash flow disclosure: | ||||||||
Cash paid during the period for: | ||||||||
Interest | ||||||||
8,859 | 6,462 | 1,825 | 2,542 | 866 | 1,533 | 1,094 | 368 | 189 |
Income taxes | ||||||||
2,412 | 2,958 | 5,534 | 455 | 836 | 714 | 583 | 442 | 383 |
Noncash financing and investing activities: | ||||||||
Property and equipment, accrued but not paid | ||||||||
4,472 | 2,325 | 2,412 | 800 | 556 | 421 | - | - | - |
Property and equipment purchased under capital lease obligations | ||||||||
142 | 263 | 835 | 0 | 0 | - | - | - | - |
Capitalized stock-based compensation | ||||||||
319 | 459 | 0 | - | - | - | - | - | - |
Conversion of convertible debt and accrued interest into Series E preferred stock | ||||||||
- | - | - | - | - | - | - | - | 21,178 |
Accretion of redemption premium | ||||||||
- | - | - | - | - | - | 2,301 | 6,209 | 6,740 |
Reduction in FBM contingent consideration due to re-negotiated lease | ||||||||
- | - | - | - | - | - | 528 | - | - |
Reduction in FBM contingent consideration due to post-purchase adjustment | ||||||||
- | - | - | - | - | - | 2,316 | - | - |
Conversion of preferred stock to common stock | ||||||||
- | - | - | - | - | - | 118,434 | - | - |
Conversion of preferred stock warrants to common stock warrants | ||||||||
- | - | - | - | - | - | 738 | - | - |
PBS acquisition adjustment | ||||||||
- | - | - | - | - | - | - | 590 | - |
Modification of warrants | ||||||||
- | - | - | - | - | - | - | - | 14,193 |