Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net income (loss) $ 5,079 $ (4,926)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 26,822 21,874
Deferred taxes 2,320 (1,654)
Stock-based expense 19,128 21,997
Excess tax benefit from stock-based compensation 0 637
Impairment of identified intangible assets 0 527
Loss on disposal and impairment of other long-lived assets 85 2,276
Acquisition-related consideration (251) 493
Changes in assets and liabilities, net of assets acquired and liabilities assumed in business combinations:    
Accounts receivable 1,251 191
Prepaid expenses and other current assets 2,656 (171)
Other assets (108) 181
Accounts payable 62 1,086
Accrued compensation, taxes, and benefits 1,828 4,874
Deferred revenue (1,229) 1,325
Other current and long-term liabilities 2,958 84
Net cash provided by operating activities 60,601 48,794
Cash flows from investing activities:    
Purchases of property, equipment, and software (38,486) (11,248)
Proceeds from disposal of property, equipment, and software 0 305
Acquisition of businesses, net of cash acquired (71,305) (45,450)
Net cash used in investing activities (109,791) (56,393)
Cash flows from financing activities:    
Proceeds from term loan 124,688 0
Payments on term loan (781) 0
Proceeds from revolving credit facility 0 44,000
Payments on revolving line of credit (40,000) (14,000)
Deferred financing costs (392) (8)
Payments on capital lease obligations (426) (286)
Payments of acquisition-related consideration (2,736) (1,234)
Issuance of common stock 8,008 1,469
Excess tax benefit from stock-based compensation 0 (637)
Purchase of treasury stock related to stock-based compensation (2,179) (3,937)
Purchase of treasury stock under share repurchase program (21,244) (15,146)
Net cash provided by financing activities 64,938 10,221
Net increase in cash and cash equivalents 15,748 2,622
Effect of exchange rate on cash 29 (236)
Cash and cash equivalents:    
Beginning of period 30,911 26,936
End of period 46,688 29,322
Supplemental cash flow information:    
Cash paid for interest 1,747 350
Cash paid for income taxes, net of refunds 1,200 482
Non-cash investing activities:    
Accrued property, equipment, and software $ 8,927 $ 1,407