XML 17 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 52,482 $ 34,690
Trade accounts receivable, less allowance for doubtful accounts of $94 and $120, respectively 16,262 13,923
Prepaid expenses 2,869 2,645
Income taxes receivable 95 1,235
Other current assets 1,018 1,619
Total current assets 72,726 54,112
Net property and equipment 11,447 11,726
Intangible assets, net 1,851 1,410
Goodwill 61,614 57,255
Deferred contract costs, net 4,237 4,555
Operating lease right-of-use assets 1,059 1,308
Other 3,252 3,057
Total assets 156,186 133,423
Current liabilities:    
Current portion of notes payable, net unamortized debt issuance costs 4,223 4,061
Accounts payable 961 1,095
Accrued wages and bonuses 6,828 6,460
Accrued expenses 3,000 3,184
Income taxes payable 464 0
Deferred revenue 17,308 15,585
Deferred acquisition consideration 1,984 0
Dividends payable 3,054 0
Other current liabilities 1,348 1,296
Total current liabilities 39,170 31,681
Notes payable, net of current portion and unamortized debt issuance costs 23,360 26,547
Deferred income taxes 7,151 7,265
Other long-term liabilities 3,377 3,615
Total liabilities 73,058 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 30,860,131 in 2021 and 30,775,154 in 2020, outstanding 25,449,013 in 2021 and 25,390,968 in 2020 31 31
Additional paid-in capital 173,112 171,785
Retained earnings (accumulated deficit) (42,701) (61,375)
Accumulated other comprehensive loss, foreign currency translation adjustment (2,377) (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 83,128 64,315
Total liabilities and shareholders’ equity $ 156,186 $ 133,423