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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 48,899 $ 34,690
Trade accounts receivable, less allowance for doubtful accounts of $107 and $120, respectively 14,157 13,923
Prepaid expenses 3,575 2,645
Income taxes receivable 153 1,235
Other current assets 805 1,619
Total current assets 67,589 54,112
Net property and equipment 11,525 11,726
Intangible assets, net 1,937 1,410
Goodwill 61,640 57,255
Deferred contract costs, net 4,642 4,555
Operating lease right-of-use assets 1,134 1,308
Other 3,382 3,057
Total assets 151,849 133,423
Current liabilities:    
Current portion of notes payable, net unamortized debt issuance costs 4,168 4,061
Accounts payable 338 1,095
Accrued wages and bonuses 7,075 6,460
Accrued expenses 4,621 3,184
Income taxes payable 512 0
Deferred revenue 16,848 15,585
Deferred acquisition consideration 1,973 0
Dividends payable 3,053 0
Other current liabilities 1,391 1,296
Total current liabilities 39,979 31,681
Notes payable, net of current portion and unamortized debt issuance costs 24,434 26,547
Deferred income taxes 7,409 7,265
Other long-term liabilities 3,662 3,615
Total liabilities 75,484 69,108
Shareholders’ equity:    
Preferred stock, $0.01 par value, authorized 2,000,000 shares, none issued 0 0
Common stock, $0.001 par value; authorized 110,000,0000 shares in 2021 and 60,000,000 shares in 2020, issued 30,850,131 in 2021 and 30,775,154 in 2020, outstanding 25,439,013 in 2021 and 25,390,968 in 2020 31 31
Additional paid-in capital 172,844 171,785
Retained earnings (accumulated deficit) (49,304) (61,375)
Accumulated other comprehensive loss, foreign currency translation adjustment (2,269) (2,399)
Treasury stock, at cost; 5,411,118 Common shares in 2021 and 5,384,186 Common shares in 2020 (44,937) (43,727)
Total shareholders’ equity 76,365 64,315
Total liabilities and shareholders’ equity $ 151,849 $ 133,423