| The following table provides a recompilation of Free Cash Flow to net cash provided by operating activities, the most comparable GAAP financial measure: | ||||||||||||||||
| (Unaudited) | ||||||||||||||||
| Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
| (in thousands) | 2019 | 2018 | 2019 | 2018 | ||||||||||||
| Net cash provided by operating activities | $ | 6,553 | $ | 10,624 | $ | 31,868 | $ | 37,313 | ||||||||
| Capital expenditures | (2,084 | ) | (1,446 | ) | (6,667 | ) | (3,130 | ) | ||||||||
| Free cash flow | $ | 4,469 | $ | 9,178 | $ | 25,201 | $ | 34,183 | ||||||||
Effective January 1, 2018, we adopted Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (ASC 606). The following table sets forth selected quarterly information under ASC 606 for 2018:
| (Unaudited) | ||||||||||||||||
| Three months ended | ||||||||||||||||
| ASC 606 | ||||||||||||||||
| (in thousands) |
March 31,
2018 |
June 30,
2018 |
September 30,
2018 |
December 31,
2018 | ||||||||||||
| Software product revenue | $ | 89,670 | $ | 70,606 | $ | 64,182 | $ | 79,903 | ||||||||
| Total revenue | 113,257 | 93,360 | 86,751 | 103,011 | ||||||||||||
| Net income (loss) | 24,684 | (1,080 | ) | 934 | (9,003 | ) | ||||||||||
| Adjusted EBITDA | 29,550 | 5,303 | 2,399 | 12,928 | ||||||||||||
