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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 2,641 $ 12,991
Trade accounts receivable, less allowance for doubtful accounts of $138 and $175, respectively 15,888 11,922
Prepaid expenses 3,606 2,925
Income taxes receivable 217 348
Other current assets 521 224
Total current assets 22,873 28,410
Net property and equipment 13,968 14,153
Intangible assets, net 2,008 2,102
Goodwill 57,877 57,831
Deferred contract costs, net 3,642 3,484
Operating ROU assets 2,140
Other 2,063 2,052
Total assets 104,571 108,032
Current liabilities:    
Current portion of notes payable, net of unamortized debt issuance costs 3,714 3,667
Line of credit 1,750
Accounts payable 1,530 613
Accrued wages, bonus and profit sharing 4,017 5,798
Accrued expenses 2,571 2,834
Income taxes payable 1,763 636
Dividends payable 4,724 17,113
Deferred revenue 18,241 16,244
Other current liabilities 928 204
Total current liabilities 39,238 47,109
Notes payable, net of current portion 33,223 34,176
Deferred income taxes 6,534 6,276
Other long term liabilities 2,837 1,388
Total liabilities 81,832 88,949
Shareholders’ equity:    
Preferred stock, $0.01 par value, authorized 2,000,000 shares, none issued 0 0
Common stock, $0.001 par value; authorized 60,000,000 shares, issued 30,009,919 in 2019 and 29,917,667 in 2018, outstanding 24,864,391 in 2019 and 24,800,796 in 2018 30 30
Additional paid-in capital 158,247 157,312
Retained earnings (accumulated deficit) (102,867) (106,339)
Accumulated other comprehensive loss, foreign currency translation adjustment (2,551) (2,916)
Treasury stock, at cost; 5,145,528 Common shares in 2019 and 5,116,871 shares in 2018 (30,120) (29,004)
Total shareholders’ equity 22,739 19,083
Total liabilities and shareholders’ equity $ 104,571 $ 108,032