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, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net (loss) income $ (32,743) $ (68,756) $ 550
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 5,357 5,721 6,831
Common stock contribution to 401(k) 1,046 905 1,198
Stock-based compensation expense 7,759 4,913 4,395
Accrued interest on interest bearing obligations 1,023 353 (1,116)
Revaluation of warrant liability (3,866) (2,283) (1,781)
Amortization of discount on debt and debt issuance costs 1,360 0 487
Unrealized loss on foreign currency exchange 513 0 0
Unrealized loss on foreign exchange options 298 0 0
Warrant modification expense 0 4,500 0
Loss on debt extinguishment 0 0 3,645
Other non-cash adjustments 107 19 12
Changes in assets and liabilities:      
Trade and other receivables, net 8,532 (13,633) 9,455
Prepaid expenses and other assets (2,469) 199 284
Accounts payable and accrued liabilities (2,144) 2,650 (2,844)
Deferred revenue (13,794) 13,122 (12,205)
Other liabilities (41) (247) (1,476)
Net cash (used in) provided by operating activities (29,062) (52,537) 7,435
Cash flows from investing activities:      
Proceeds from maturities of investments 0 0 1,300
Transfer of restricted cash 0 0 9,545
Purchase of property and equipment (3,304) (339) (270)
Net cash (used in) provided by investing activities (3,304) (339) 10,575
Cash flows from financing activities:      
Proceeds from issuance of long-term debt, net of issuance costs 28,836 0 0
Principal payments of debt 0 0 (50,394)
Payment of prepayment premium on repayment of short-term debt 0 0 (2,543)
Proceeds from issuance of common stock 15,143 70,771 49,323
Payment for modification of warrants 0 (4,500) 0
Net cash provided by (used in) financing activities 43,979 66,271 (3,614)
Effect of exchange rate changes on cash (573) 0 0
Net increase in cash and cash equivalents 11,040 13,395 14,396
Cash and cash equivalents at the beginning of the period 37,304 23,909 9,513
Cash and cash equivalents at the end of the period 48,344 37,304 23,909
Cash paid during the year for:      
Interest 7 0 5,510
Income taxes 15 16 5,800
Non-cash investing and financing activities:      
Discount on long-term debt (9,114) 0 0
Issuance and Extinguishment of warrants 215 1,767 6,541
Interest added to principal balances on long-term debt $ 669 $ 353 $ 462