Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income $ 10,901 $ 8,195
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 23,260 14,440
Amortization of debt discount and issuance costs 3,012 89
Deferred taxes (1,154) 243
Stock-based expense 10,318 10,092
Loss on disposal and impairment of other long-lived assets 942 24
Acquisition-related consideration 402 121
Changes in assets and liabilities, net of assets acquired and liabilities assumed in business combinations:    
Accounts receivable 15,648 5,987
Prepaid expenses and other current assets (3,738) (845)
Other assets (1,015) (655)
Accounts payable 6,943 1,084
Accrued compensation, taxes, and benefits (7,391) (5,556)
Deferred revenue (3,031) 1,810
Customer deposits 16,277 12,723
Other current and long-term liabilities (603) (769)
Net cash provided by operating activities 70,771 46,983
Cash flows from investing activities:    
Purchases of property, equipment, and software (12,660) (9,925)
Acquisition of businesses, net of cash acquired 0 (66,103)
Purchase of other investment (1,800) 0
Net cash used in investing activities (14,460) (76,028)
Cash flows from financing activities:    
Payments on term loans (2,016) 0
Deferred financing costs (1,087) (1,288)
Payments on capital lease obligations (114) (101)
Payments of acquisition-related consideration (776) (6,461)
Issuance of common stock 5,038 7,927
Purchase of treasury stock related to stock-based compensation (8,450) (3,576)
Net cash used in financing activities (7,405) (3,499)
Net increase (decrease) in cash, cash equivalents and restricted cash 48,906 (32,544)
Effect of exchange rate on cash (127) (50)
Cash, cash equivalents and restricted cash:    
Cash, cash equivalents and restricted cash at beginning of period 165,345 188,540
Cash, cash equivalents and restricted cash at end of period 214,124 155,946
Supplemental cash flow information:    
Cash paid for interest 2,886 789
Cash (received) paid for income taxes, net (71) 325
Non-cash investing activities:    
Accrued property, equipment, and software 675 9,941
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 69,343  
Restricted cash 96,002  
Total cash, cash equivalents and restricted cash shown in the Condensed Consolidated Statements of Cash flows $ 165,345 $ 188,540