|
Condensed Consolidated Statements of Cash Flows—Unaudited (USD $)
In Thousands, unless otherwise specified
|
9 Months Ended |
|
Sep. 30, 2014
|
Sep. 30, 2013
|
| CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
| Net loss |
$ (6,515) |
$ (1,539) |
| Adjustments to reconcile net loss to net cash provided (used) in operating activities: |
|
|
| Depreciation |
3,308 |
3,387 |
| Stock-based compensation expense |
2,754 |
1,862 |
| Gain on sale of domain |
(1,000) |
0 |
| Provision for deferred income taxes |
(2,636) |
(468) |
| Loss in equity interest |
829 |
314 |
| Change in assets and liabilities, net of effect of acquisition: |
|
|
| Accounts receivable, net |
(2,338) |
1,265 |
| Prepaid expenses and other current assets |
(84) |
(408) |
| Other long-term assets |
221 |
115 |
| Accounts payable |
(2,099) |
(2,586) |
| Accrued expenses and other current liabilities |
1,877 |
(1,246) |
| Other long-term liabilities |
(611) |
64 |
| Net cash provided (used) in operating activities |
(6,294) |
760 |
| CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
| Purchases of property and equipment |
(3,945) |
(4,550) |
| Investment in equity interest |
(605) |
(400) |
| Proceeds from sale of domain |
1,000 |
0 |
| Cash paid for business acquisition |
0 |
(500) |
| Purchase of convertible promissory note |
0 |
(1,000) |
| Net cash used in investing activities |
(3,550) |
(6,450) |
| CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
| Repayments on capital lease obligations |
(1,700) |
(1,662) |
| Proceeds from exercise of common stock options |
62 |
179 |
| Purchase of treasury stock |
(562) |
0 |
| Net cash used in financing activities |
(2,200) |
(1,483) |
| Effect of exchange rate changes on cash and cash equivalents |
6 |
7 |
| NET DECREASE IN CASH AND CASH EQUIVALENTS |
(12,038) |
(7,166) |
| CASH AND CASH EQUIVALENTS—Beginning of period |
36,397 |
41,944 |
| CASH AND CASH EQUIVALENTS—End of period |
24,359 |
34,778 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: |
|
|
| Cash paid for interest |
186 |
125 |
| Cash paid for income taxes |
112 |
138 |
| SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING TRANSACTIONS: |
|
|
| Property and equipment financed under capital lease obligations |
1,458 |
490 |
| Service agreement financed under capital lease obligations |
31 |
0 |
| Accrued property and equipment expenditures |
39 |
808 |
| Stock based compensation capitalized to property and equipment |
37 |
0 |
| Treasury stock received to satisfy minimum tax withholding liabilities |
$ 9 |
$ 0 |