| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||||||||
Net income (loss) | ||||||||||||||||
18,785 | -16,420 | -16,021 | -6,162 | -25,430 | 81,286 | -21,776 | -28,256 | -33,017 | 5,644 | -12,116 | -39,057 | -11,029 | -9,303 | 23,819 | 23,483 | 18,090 |
Adjustments to reconcile net income (loss) to net cash from operating activities: | ||||||||||||||||
Depreciation of property and equipment | ||||||||||||||||
1,729 | 1,665 | 1,629 | 1,759 | 1,668 | 1,603 | 1,636 | 1,662 | 1,775 | 1,850 | 1,737 | 1,780 | 1,834 | 968 | 482 | 425 | 385 |
Amortization of intangible assets | ||||||||||||||||
22,500 | 23,981 | 25,146 | 25,273 | 25,500 | 26,927 | 27,208 | 27,199 | 27,166 | 27,425 | 27,769 | 28,152 | 28,554 | 13,744 | 6,052 | 6,052 | 6,022 |
Stock-based compensation expense | ||||||||||||||||
7,987 | 8,722 | 7,988 | 7,221 | 7,623 | 8,931 | 7,453 | 7,219 | 7,408 | 9,501 | 8,376 | 8,504 | 7,081 | 10,060 | 3,473 | 3,928 | 3,640 |
Deferred income taxes | ||||||||||||||||
-2,064 | 4,490 | -18,868 | -9,544 | -14,689 | 5,669 | -6,657 | -7,847 | -6,743 | 7,001 | -8,619 | 21,274 | -37,950 | 21,864 | -7,101 | -4,278 | -2,791 |
Allowance for credit losses | ||||||||||||||||
1,944 | - | - | - | -204 | - | - | - | - | - | - | - | - | - | - | - | - |
Other | ||||||||||||||||
1,354 | 1,170 | 1,732 | -1,316 | 1,068 | - | - | - | - | - | - | - | - | - | - | - | - |
Amortization of debt issuance costs and other | ||||||||||||||||
- | - | - | - | - | - | - | - | -1,012 | - | -791 | -1,315 | -87 | -2,145 | -339 | -208 | -1,581 |
Changes in operating assets and liabilities: | ||||||||||||||||
Accounts receivable | ||||||||||||||||
8,318 | 3,011 | -5,521 | -15,226 | 11,545 | 4,147 | 7,033 | -3,858 | 7,059 | 2,337 | -15,526 | 9,608 | 7,132 | -14,882 | 1,088 | -1,622 | 1,459 |
Unbilled contracts receivable, net | ||||||||||||||||
6,022 | -33,454 | -31,558 | -18,085 | -47,262 | 67,502 | -26,114 | -35,768 | -31,123 | -6,149 | -9,589 | -1,810 | -30,620 | 0 | 0 | 0 | 0 |
Other assets | ||||||||||||||||
739 | -949 | 1,778 | -3,807 | -697 | 471 | 903 | -1,194 | 770 | 646 | 7,178 | -4,707 | -6,575 | -13,895 | 149 | -2,159 | -2,162 |
Operating lease right-of-use assets | ||||||||||||||||
- | - | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - |
Accounts payable | ||||||||||||||||
-760 | 1,260 | -1,095 | 2,712 | -991 | -597 | 571 | -834 | -609 | -2,040 | -307 | 2,341 | -3,292 | 1,996 | -418 | 376 | -245 |
Accrued legal fees | ||||||||||||||||
- | - | - | - | - | - | - | - | -787 | - | -1,143 | -2,840 | 1,499 | 3,713 | -1,424 | -947 | 3,542 |
Accrued and other liabilities | ||||||||||||||||
-5,212 | 8,723 | -366 | -241 | -16,795 | 9,832 | 5,178 | -6,382 | -17,543 | 8,583 | 3,083 | 7,321 | 183 | -1,515 | 1,173 | 2,010 | -3,241 |
Operating lease liabilities | ||||||||||||||||
- | - | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - |
Deferred revenue | ||||||||||||||||
1,451 | 10 | -125 | -1,993 | -302 | 2,678 | -3,654 | -491 | 2,694 | -1,892 | 610 | 1,141 | 1,932 | -1,600 | -783 | -968 | -3,120 |
Net cash from operating activities | ||||||||||||||||
32,644 | 65,039 | 35,321 | 55,072 | 13,821 | 66,500 | 29,398 | 34,585 | 4,650 | 61,496 | 39,967 | 26,840 | 18,962 | 42,440 | 38,646 | 42,626 | 30,148 |
Cash flows from investing activities: | ||||||||||||||||
Purchases of property and equipment | ||||||||||||||||
688 | 857 | 1,413 | 5,685 | 858 | 887 | 427 | 1,256 | 768 | 836 | 549 | 1,373 | 565 | 834 | 473 | 443 | 2,044 |
Purchases of short-term investments | ||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 482 | 11,493 | 222 | 83,761 | 47,145 | 30,467 |
Proceeds from sales of investments | ||||||||||||||||
3,345 | - | 2,333 | 4,500 | 0 | - | 0 | 0 | 8,540 | - | 0 | 0 | 1,035 | - | 19,151 | 8,994 | 15,291 |
Proceeds from maturities of investments | ||||||||||||||||
8,500 | - | 9,500 | 3,500 | 9,490 | - | 5,475 | 6,400 | 7,800 | - | 3,750 | 0 | 4,650 | - | 46,388 | 39,991 | 44,191 |
Net cash from investing activities | ||||||||||||||||
11,157 | -6,090 | -1,362 | -20,323 | 8,632 | 9,613 | -18,047 | 4,294 | 15,572 | -3,260 | -7,356 | -1,855 | -6,373 | -602,069 | -18,695 | 1,397 | 26,971 |
Cash flows from financing activities: | ||||||||||||||||
Dividend paid | ||||||||||||||||
10,036 | 9,914 | 9,902 | 9,864 | 9,822 | 9,679 | 9,819 | 9,803 | 9,886 | 9,845 | 9,924 | 9,897 | 9,843 | 9,716 | 9,695 | 9,761 | 9,986 |
Repayment of debt | ||||||||||||||||
0 | 50,000 | 0 | 50,000 | 50,000 | 0 | 0 | 0 | 100,000 | 1,500 | 1,500 | 1,500 | 1,500 | 0 | 0 | 0 | 0 |
Proceeds from exercise of stock options | ||||||||||||||||
1 | 23 | 152 | 267 | 253 | 4 | 4 | 7,171 | 829 | 46 | 147 | 439 | 4,241 | 2,090 | 1,987 | 1,410 | 798 |
Proceeds from employee stock purchase program | ||||||||||||||||
3,232 | 0 | 2,218 | 0 | 3,111 | -1 | 1,795 | 0 | 3,402 | 0 | 2,977 | 0 | 1,155 | 0 | 917 | 0 | 1,081 |
Repurchase of common stock | ||||||||||||||||
3,144 | 224 | 18 | 1,133 | 3,131 | 4,259 | 7,269 | 15,409 | 17,861 | 5,752 | 10,120 | 160 | 3,251 | 559 | 6,186 | 25,680 | 38,176 |
Net cash from financing activities | ||||||||||||||||
-9,947 | -60,115 | -8,750 | -60,730 | -59,589 | -14,354 | -15,289 | -18,041 | -123,516 | -17,051 | -18,420 | -11,118 | -9,198 | 574,854 | -12,977 | -34,031 | -46,283 |
Net increase (decrease) in cash and cash equivalents | ||||||||||||||||
33,854 | -1,166 | 25,209 | -25,981 | -37,136 | 61,759 | -3,938 | 20,838 | -103,294 | 41,185 | 14,191 | 13,867 | 3,391 | 15,225 | 6,974 | 9,992 | 10,836 |
Supplemental disclosure of cash flow information: | ||||||||||||||||
Interest paid | ||||||||||||||||
3,637 | 4,374 | 4,889 | 5,584 | 6,044 | 6,185 | 5,722 | 5,577 | 5,650 | 6,810 | 6,765 | 6,393 | 8,100 | 0 | 0 | 0 | 0 |
Income taxes paid, net of refunds | ||||||||||||||||
5,637 | 2,627 | 5,917 | 858 | 5,599 | 10,911 | 4,462 | 4,343 | 3,963 | 4,064 | 4,405 | 4,169 | 3,040 | - | - | - | - |