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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 8,358 $ 12,991
Trade accounts receivable, less allowance for doubtful accounts of $138 and $175, respectively 15,308 11,922
Prepaid expenses 2,000 2,925
Income taxes receivable 556 348
Other current assets 348 224
Total current assets 26,570 28,410
Net property and equipment 13,696 14,153
Intangible assets, net 1,822 2,102
Goodwill 57,896 57,831
Deferred contract costs, net 3,993 3,484
Operating lease right-of-use assets 1,805
Other assets 1,867 2,052
Total assets 107,649 108,032
Current liabilities:    
Current portion of notes payable, net of unamortized debt issuance costs 4,133 3,667
Accounts payable 777 613
Accrued wages, bonus and profit sharing 5,192 5,798
Accrued expenses 3,504 2,834
Income taxes payable 14 636
Dividends payable 4,735 17,113
Deferred revenue 19,133 16,244
Other current liabilities 824 204
Total current liabilities 38,312 47,109
Notes payable, net of current portion 30,977 34,176
Deferred income taxes 7,210 6,276
Other long-term liabilities 2,175 1,388
Total liabilities 78,674 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 30,100,762 in 2019 and 29,917,667 in 2018, outstanding 24,920,050 in 2019 and 24,800,796 in 2018 30 30
Additional paid-in capital 160,524 157,312
Retained earnings (accumulated deficit) (96,817) (106,339)
Accumulated other comprehensive loss, foreign currency translation adjustment (2,442) (2,916)
Treasury stock, at cost; 5,180,712 Common shares in 2019 and 5,116,871 shares in 2018 (32,320) (29,004)
Total shareholders’ equity 28,975 19,083
Total liabilities and shareholders’ equity $ 107,649 $ 108,032