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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 34,690 $ 13,517
Trade accounts receivable, less allowance for doubtful accounts of $120 and $144, respectively 13,923 11,639
Prepaid expenses 2,645 2,038
Income taxes receivable 1,235 69
Other current assets 1,619 1,894
Total current assets 54,112 29,157
Net property and equipment 11,726 13,530
Intangible assets, net 1,410 1,728
Goodwill 57,255 57,935
Operating lease right-of-use assets 1,308 1,628
Deferred contract costs, net 4,555 4,204
Other 3,057 2,503
Total assets 133,423 110,685
Current liabilities:    
Current portion of notes payable, net of unamortized debt issuance costs 4,061 4,378
Accounts payable 1,095 1,279
Accrued wages and bonuses 6,460 6,086
Accrued expenses 3,184 3,408
Income taxes payable   366
Dividends payable   5,239
Deferred revenue 15,585 16,354
Other current liabilities 1,296 1,045
Total current liabilities 31,681 38,155
Notes payable, net of current portion and unamortized debt issuance costs 26,547 29,795
Deferred income taxes 7,265 7,399
Other long-term liabilities 3,615 2,444
Total liabilities 69,108 77,793
Shareholders’ equity:    
Common stock, $0.001 par value; authorized 60,000,000 shares, issued 30,775,154 in 2020 and 30,151,574 in 2019, outstanding 25,390,968 in 2020 and 24,947,500 in 2019 31 30
Additional paid-in capital 171,785 162,154
Retained earnings (accumulated deficit) (61,375) (93,357)
Accumulated other comprehensive loss, foreign currency translation adjustment (2,399) (2,209)
Treasury stock, at cost; 5,384,186 Common shares in 2020 and 5,204,074 Common shares in 2019 (43,727) (33,726)
Total shareholders’ equity 64,315 32,892
Total liabilities and shareholders’ equity $ 133,423 $ 110,685