XML 14 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 52,407 $ 40,333
Marketable securities 31,265 30,800
Accounts receivable, net of allowance for doubtful accounts of $901 and $781 at March 31, 2024 and December 31, 2023, respectively 39,635 34,346
Accounts receivable - unbilled 4,419 4,100
Prepaid royalties, net of amortization 10,960 10,202
Prepaid software maintenance and subscriptions 6,609 7,397
Other prepaid expenses and other current assets 2,094 3,032
Total current assets 147,389 130,210
Property and equipment, net of accumulated depreciation of $20,459 and $19,503 at March 31, 2024 and December 31, 2023, respectively 12,537 13,005
Capitalized software development, net of accumulated amortization of $132,960 and $127,009 at March 31, 2024 and December 31, 2023, respectively 41,118 40,643
Operating lease right of use assets, net 19,483 20,114
Goodwill 191,072 191,379
Deferred commissions 30,671 31,700
Non-marketable equity investments 4,103 4,134
Other assets 782 726
Total assets 511,605 499,942
Current liabilities:    
Accounts payable 5,313 7,465
Accrued expenses 16,776 22,717
Accrued royalties 5,713 4,556
Deferred revenue 98,268 83,623
Total current liabilities 126,070 118,361
Deferred tax liabilities 16,868 16,132
Deferred revenue, noncurrent 2,076 2,169
Operating lease liability, noncurrent 19,484 20,247
Other long-term liabilities 2,253 2,281
Shareholders’ equity:    
Common stock, no par value, 75,000 shares authorized; 30,398 and 30,298 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 249,280 249,075
Retained earnings 96,746 92,368
Accumulated other comprehensive loss (1,172) (691)
Total shareholders’ equity 344,854 340,752
Total liabilities and shareholders’ equity 511,605 499,942
Customer-Related Intangible Assets [Member]    
Current assets:    
Intangible Assets, Net 52,511 54,742
Other Intangible Assets [Member]    
Current assets:    
Intangible Assets, Net $ 11,939 $ 13,289