Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Cash Flows

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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from (used in) operating activities:      
Net loss $ (28,699) $ (8,520) $ (9,694)
Net income (loss) from discontinued operations, net of tax (10) 13,823 6,527
Net loss from continuing operations (28,689) (22,343) (16,221)
Adjustments to reconcile net loss to net cash      
Depreciation and amortization 3,118 2,049 1,787
Stock-based compensation 1,834 1,841 1,435
Loss on disposal of property and equipment 108 102 6
Deferred income tax expense (benefit) (564) (126) 699
Current income tax benefit resulting from income generated from discontinued operations 0 (6,337) (3,445)
Changes in operating assets and liabilities:      
Receivables (1,331) (5,679) 1,614
Income taxes receivable / payable (378) 1,068 2,493
Prepaid expenses and other assets 748 (2,032) 12
Accounts payable and other accrued liabilities 443 1,189 745
Accrued compensation (2,184) 686 2,144
Deferred revenue 2,729 5,499 801
Deferred rent 48 (105) 0
Other non-current liabilities 226 0 (121)
Net cash used in continuing operating activities (23,892) (24,188) (8,051)
Net cash provided by discontinued operating activities 665 1,544 10,418
Net cash provided by (used in) operating activities (23,227) (22,644) 2,367
Cash flows from (used in) investing activities:      
Purchases of marketable securities (10,250) (33,499) (28,755)
Sales and maturities of marketable securities 27,465 23,250 37,000
Purchases of property and equipment (635) (1,051) (662)
Proceeds from sale of property and equipment 43 0 0
Purchase of cost method investment 0 0 (350)
Cash paid for acquisition of business, net of cash acquired 0 (11,556) 0
Net cash provided by (used in) continuing investing activities 16,623 (22,856) 7,233
Net cash provided by (used in) discontinued investing activities, including proceeds from sale of business 2,300 19,676 (307)
Net cash provided by (used in) investing activities 18,923 (3,180) 6,926
Cash flows from (used in) financing activities:      
Common stock repurchases to settle employee withholding liability (50) (99) (66)
Principal payments on capital lease obligations (320) 0 0
Proceeds from employee stock plans 142 193 7
Net cash provided by (used in) continuing financing activities (228) 94 (59)
Net cash used in discontinued financing activities 0 (59) (70)
Net cash provided by (used in) financing activities (228) 35 (129)
Effect of exchange rate changes on cash (80) (252) (83)
Net increase (decrease) in cash and cash equivalents (4,612) (26,041) 9,081
Cash and cash equivalents, beginning of period 11,684 37,725 28,644
Cash and cash equivalents, end of year 7,072 11,684 37,725
Supplemental disclosures of net cash paid (received) during the year:      
Income taxes (22) (1,145) (3,243)
Interest 33 0 0
Non-cash investing and financing activities:      
Accrued liabilities and other non-current liabilities related to leasehold improvements 689 0 0
Financing obligations related to prepaid expenses and other assets 402 0 0
Financing obligations related to property and equipment 927 0 0
Proceeds from sale of business held in escrow 0 2,300 0
Stock issued for acquisition of business $ 0 $ 3,034 $ 0