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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 34,673 $ 25,966
Short-term investments 500 7,650
Accounts receivable, net of allowance for doubtful accounts of $2,099 and $1,783 as of December 31, 2018 and 2017, respectively 30,042 29,601
Prepaid taxes 1,834 1,303
Prepaid expenses and other current assets 3,069 3,088
Total current assets 70,118 67,608
Property and equipment, net 10,901 9,786
Long-term investments   496
Goodwill 93,687 93,793
Intangible assets, net 849 506
Deferred tax assets 55 98
Other assets 853 882
Total assets 176,463 173,169
Current liabilities:    
Accounts payable 1,871 1,542
Current portion of term loan 1,241 9,888
Accrued expenses and other current liabilities 3,260 3,343
Accrued compensation expenses 2,432 1,397
Income taxes payable 176 218
Contract liabilities 5,573 7,598
Total current liabilities 14,553 23,986
Long-term liabilities:    
Long-term portion of term loan 23,714 22,339
Deferred rent 4,949 5,259
Deferred tax liabilities 662 838
Total liabilities 43,878 52,422
Commitments and contingencies (See Note 10)
Stockholders’ equity:    
Preferred stock, 5,000,000 shares authorized; no shares issued or outstanding
Common stock, $0.001 par value per share, 100,000,000 shares authorized; 54,117,325 shares issued and 27,791,045 shares outstanding at December 31, 2018; 53,338,297 shares issued and 27,483,115 shares outstanding at December 31, 2017 54 53
Treasury stock, 26,326,280 and 25,855,182 shares at December 31, 2018 and 2017, respectively, at cost (177,905) (170,816)
Additional paid-in capital 307,014 300,763
Accumulated other comprehensive income (loss) (215) 65
Retained earnings (accumulated deficit) 3,637 (9,318)
Total stockholders’ equity 132,585 120,747
Total liabilities and stockholders’ equity $ 176,463 $ 173,169