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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities    
Net income (loss) $ 1,972 $ (517)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities    
Loss on disposal of property & equipment 123  
Depreciation 566 723
Amortization of internal-use software 465 461
Deferred income taxes (108) (84)
Share-based compensation 3,621 1,426
Changes in operating assets and liabilities 1,356 (6,938)
Net cash provided by (used in) operating activities 7,995 (4,929)
Investing activities    
Capital expenditures (274) (243)
Additional investments in corporate-owned life insurance policies (2) (2)
Net cash used in investing activities (276) (245)
Financing activities    
Repurchase of common shares to satisfy employee tax withholding (2,070) (934)
Series A convertible preferred stock issuance proceeds, net of issuance costs   34,063
Payment of preferred stock dividends (918)  
Principal payments under long-term obligations (6) (6)
Net cash (used in) provided by financing activities (2,994) 33,123
Effect of exchange rate changes on cash 6 2
Net increase in cash and cash equivalents 4,731 27,951
Cash and cash equivalents at beginning of period 99,180 46,653
Cash and cash equivalents at end of period $ 103,911 $ 74,604