Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
9 Months Ended |
Sep. 30, 2016 |
Sep. 30, 2015 |
| Cash flows from operating activities |
|
|
| Net (loss) income |
$ 4,209
|
$ (34,962)
|
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |
|
|
| Depreciation and amortization |
15,035
|
24,364
|
| Deferred income taxes |
(33)
|
|
| Stock-based compensation |
6,118
|
5,683
|
| Gain on disposal of business and online properties |
(39,149)
|
(3,105)
|
| Other |
10
|
(76)
|
| Change in operating assets and liabilities, net of effect of acquisitions and disposals: |
|
|
| Accounts receivable, net |
3,231
|
4,712
|
| Prepaid expenses and other current assets |
(180)
|
550
|
| Other long-term assets |
48
|
(140)
|
| Accounts payable |
(372)
|
(3,572)
|
| Accrued expenses and other liabilities |
(2,730)
|
(3,367)
|
| Deferred revenue |
335
|
164
|
| Net cash used in operating activities |
(13,478)
|
(9,749)
|
| Cash flows from investing activities |
|
|
| Purchases of property and equipment |
(3,743)
|
(3,590)
|
| Purchases of intangible assets |
(120)
|
(64)
|
| Cash received from disposal of businesses and online properties, net of cash disposed |
36,100
|
4,766
|
| Cash received from early repayment of promissory note |
|
5,100
|
| Cash received from disposition holdback |
|
998
|
| Cash paid for acquisitions, net of cash acquired |
(1,413)
|
(58)
|
| Restricted deposits |
136
|
671
|
| Other |
78
|
76
|
| Net cash provided by investing activities |
31,038
|
7,899
|
| Cash flows from financing activities |
|
|
| Proceeds from exercises of stock options and purchases under ESPP |
226
|
215
|
| Repurchases of common stock |
(3,515)
|
|
| Net taxes paid on restricted stock units and options exercised |
(1,132)
|
(563)
|
| Cash paid for acquisition holdback |
|
(7,561)
|
| Other |
(15)
|
(121)
|
| Net cash used in financing activities |
(4,436)
|
(8,030)
|
| Effect of foreign currency on cash and cash equivalents |
(2)
|
2
|
| Change in cash and cash equivalents |
13,122
|
(9,878)
|
| Cash and cash equivalents, beginning of period |
38,570
|
47,820
|
| Cash and cash equivalents, end of period |
$ 51,692
|
$ 37,942
|