XML 16 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 11,957 $ 13,517
Trade accounts receivable, less allowance for doubtful accounts of $143 and $144, respectively 19,882 11,639
Prepaid expenses 2,823 2,038
Income taxes receivable 272 69
Other current assets 1,763 1,894
Total current assets 36,697 29,157
Net property and equipment 12,355 13,530
Intangible assets, net 1,541 1,728
Goodwill 57,829 57,935
Deferred contract costs, net 4,582 4,204
Operating lease right-of-use assets 1,312 1,628
Other 2,465 2,503
Total assets 116,781 110,685
Current liabilities:    
Current portion of notes payable 3,966 4,378
Accounts payable 957 1,279
Accrued wages, bonus and profit sharing 6,830 6,086
Accrued expenses 2,925 3,408
Income taxes payable 308 366
Dividends payable   5,239
Deferred revenue 16,275 16,354
Other current liabilities 1,007 1,045
Total current liabilities 32,268 38,155
Notes payable, net of current portion and unamortized debt issuance costs 28,627 29,795
Deferred income taxes 7,727 7,399
Other long term liabilities 2,585 2,444
Total liabilities 71,207 77,793
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 30,553,546 in 2020 and 30,151,574 in 2019, outstanding 25,235,123 in 2020 and 24,947,500 in 2019 31 30
Additional paid-in capital 167,808 162,154
Retained earnings (accumulated deficit) (79,165) (93,357)
Accumulated other comprehensive loss, foreign currency translation adjustment (2,872) (2,209)
Treasury stock, at cost; 5,318,423 Common shares in 2020 and 5,204,074 shares in 2019 (40,228) (33,726)
Total shareholders’ equity 45,574 32,892
Total liabilities and shareholders’ equity $ 116,781 $ 110,685