|
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
|
12 Months Ended |
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
| Cash flows from operating activities: |
|
|
|
| Net loss |
$ (21,411) |
$ (27,698) |
$ (15,834) |
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities: |
|
|
|
| Depreciation expense |
4,458 |
3,114 |
3,098 |
| Amortization of intangible assets |
4,825 |
5,094 |
3,485 |
| Provision for doubtful accounts and service remediation reserves |
999 |
595 |
48 |
| Stock-based compensation |
10,395 |
13,655 |
12,241 |
| Stock-based compensation related to acquisition |
0 |
0 |
42 |
| Patent settlement expense |
0 |
0 |
701 |
| Release of valuation allowance |
0 |
(350) |
(3,217) |
| Loss (gain) on disposal of property and equipment |
3 |
(2) |
(6) |
| Impairment of investments |
0 |
0 |
375 |
| Amortization of convertible notes issuance cost |
485 |
402 |
355 |
| Gain on extinguishment of convertible notes |
0 |
0 |
(915) |
| Net amortization on investments |
79 |
358 |
510 |
| Induced Conversion of Convertible Debt Expense |
4,776 |
0 |
0 |
| Acquisition-related contingent consideration |
0 |
(1,612) |
0 |
| Changes in operating assets and liabilities: |
|
|
|
| Accounts receivable |
(7,648) |
(1,112) |
(36) |
| Prepaid and other current assets |
486 |
(820) |
1,775 |
| Other assets |
(1,276) |
662 |
(2,667) |
| Accounts payable |
(1,702) |
914 |
1,300 |
| Accrued expenses |
106 |
(1,106) |
(2,763) |
| Accrued payroll and related expenses |
1,971 |
987 |
1,422 |
| Accrued restructuring |
(503) |
443 |
146 |
| Deferred revenue |
17,469 |
4,576 |
62 |
| Deferred income taxes |
237 |
195 |
24 |
| Net cash (used in) provided by operating activities |
13,749 |
(1,705) |
146 |
| Cash flows from investing activities: |
|
|
|
| Purchases of investments |
(7,434) |
(16,536) |
(52,886) |
| Proceeds from maturities and sale of investments |
12,250 |
38,841 |
35,511 |
| Purchases of property and equipment |
(1,704) |
(6,692) |
(2,002) |
| Proceeds from disposal of property and equipment |
0 |
2 |
6 |
| Purchases of intangible assets |
(638) |
(6,196) |
(1,522) |
| Acquisitions, net of cash acquired |
0 |
(7,715) |
(19,482) |
| Net cash provided by (used in) investing activities |
2,474 |
1,704 |
(40,375) |
| Cash flows from financing activities: |
|
|
|
| Proceeds from issuance of common stock |
6,629 |
5,225 |
5,556 |
| Repurchases of common stock |
0 |
0 |
(14,430) |
| Repurchase of common stock from employees for payment of taxes on vesting of restricted stock units |
(1,297) |
(2,346) |
(1,402) |
| Payment of consideration related to acquisitions |
(2,903) |
(2,660) |
(1,210) |
| Proceeds from issuance of convertible notes, net of issuance costs |
0 |
0 |
76,854 |
| Repurchase of convertible notes |
0 |
0 |
(19,448) |
| Payment on debt conversion |
(4,374) |
0 |
0 |
| Repayment of debt assumed through acquisition |
0 |
(30) |
0 |
| Payment of principal under capital leases |
(2,319) |
(1,193) |
(1,170) |
| Net cash (used in) provided by financing activities |
(4,264) |
(1,004) |
44,750 |
| Effect of exchange rates on cash and cash equivalents |
(64) |
22 |
32 |
| Net (decrease) increase in cash and cash equivalents |
11,895 |
(983) |
4,553 |
| Cash and cash equivalents at beginning of period |
16,400 |
17,383 |
12,830 |
| Cash and cash equivalents at end of period |
28,295 |
16,400 |
17,383 |
| Supplemental disclosures of cash flow information: |
|
|
|
| Cash paid for interest on convertible debt |
2,604 |
2,813 |
1,713 |
| Cash paid for interest on capital leases |
100 |
101 |
175 |
| Income Taxes Paid, Net |
162 |
0 |
0 |
| Conversion of debt to equity |
44,383 |
|
|
| Debt Conversion, Converted Instrument, Amount |
45,018 |
0 |
0 |
| Reclassification of deferred debt issuance cost to additional paid-in capital |
1,037 |
0 |
0 |
| Common stock issued as a premium of debt conversion |
402 |
0 |
0 |
| Fixed assets acquired under capital lease |
$ 3,851 |
$ 0 |
$ 0 |