|
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified
|
3 Months Ended |
|
Mar. 31, 2015
|
Mar. 31, 2014
|
| Operating activities: |
|
|
| Net income (loss) |
$ (6,127) |
$ 9,740 |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |
|
|
| Depreciation |
4,188 |
3,540 |
| Amortization |
13,625 |
6,311 |
| Amortization of debt issuance costs |
827 |
710 |
| Impairment loss |
1,402 |
1,053 |
| Excess tax benefit from stock-based compensation |
(2,095) |
(23,429) |
| Stock-based compensation expense |
7,442 |
7,879 |
| Deferred income tax benefit, net |
3,886 |
5,090 |
| Provision for losses on accounts receivable |
1,558 |
986 |
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable |
(8,640) |
(12,499) |
| Prepaid expenses and other current assets |
(566) |
(1,509) |
| Deposits and other assets |
(83) |
39 |
| Accounts payable and other liabilities |
13,231 |
(5,991) |
| Deferred revenue |
1,521 |
1,525 |
| Net cash provided by (used in) operating activities |
30,169 |
(6,555) |
| Investing activities: |
|
|
| Proceeds from sale and settlement of investments |
650 |
0 |
| Purchases of property and equipment and other assets |
(11,744) |
(4,149) |
| Net cash used in investing activities |
(11,094) |
(4,149) |
| Financing activities: |
|
|
| Payments of long-term debt |
(5,000) |
(4,375) |
| Payments of deferred consideration |
0 |
(1,344) |
| Excess tax benefit from stock-based compensation |
2,095 |
23,429 |
| Repurchase of restricted stock to satisfy tax withholding obligations |
(5,203) |
(42,555) |
| Proceeds from exercise of stock options and employee stock purchase plan |
4,055 |
3,001 |
| Net cash used in financing activities |
(4,053) |
(21,844) |
| Effect of foreign currency exchange rates on cash and cash equivalents |
(263) |
38 |
| Net increase (decrease) in cash and cash equivalents |
14,759 |
(32,510) |
| Cash and cash equivalents at the beginning of period |
527,012 |
255,953 |
| Cash and cash equivalents at the end of period |
$ 541,771 |
$ 223,443 |