XML 13 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 11,035 $ 12,637 [1]
Accounts receivable, net of allowance for doubtful accounts of $131 as of March 31, 2019 and $132 as of December 31, 2018 13,120 10,837 [1]
Inventory 3,367 3,775 [1]
Prepaid expenses and deposits 16,498 15,472 [1]
Prepaid domain name registry and ancillary services fees, current portion (note 11) 99,962 87,782 [1]
Income taxes recoverable 2,048 1,423 [1]
Total current assets 146,030 131,926 [1]
Prepaid domain name registry and ancillary services fees, long-term portion (note 11) 18,599 18,745 [1]
Property and equipment 55,486 48,065 [1]
Right of use operating lease asset (note 12) 12,206
Contract costs 1,371 1,390 [1]
Intangible assets (note 6) 61,991 49,395 [1]
Goodwill (note 6) 109,777 90,054
Total assets 405,460 339,575 [1]
Current liabilities:    
Accounts payable 8,459 8,445 [1]
Accrued liabilities 8,055 5,899 [1]
Customer deposits 14,571 11,919 [1]
Derivative instrument liability (note 5) 353 1,276 [1]
Deferred rent, current portion 21 [1]
Operating lease liability, current portion (note 12) 1,917
Loan payable, current portion (note 7) 24,788 18,400 [1]
Deferred revenue, current portion 131,801 116,734 [1]
Accreditation fees payable, current portion 1,076 985 [1]
Income taxes payable 702 1,668 [1]
Total current liabilities 191,722 165,347 [1]
Deferred revenue, long-term portion 27,618 26,960 [1]
Accreditation fees payable, long-term portion 239 250 [1]
Deferred rent, long-term portion 116 [1]
Operating lease liability, long-term portion (note 12) 9,793
Loan payable, long-term portion (note 7) 68,026 46,201 [1]
Deferred tax liability [1] 24,621 20,925
Stockholders' equity (note 14)    
Preferred stock - no par value, 1,250,000 shares authorized; none issued and outstanding 0 0 [1]
Common stock - no par value, 250,000,000 shares authorized; 10,643,750 shares issued and outstanding as of March 31, 2019 and 10,627,988 shares issued and outstanding as of December 31, 2018 16,188 15,823 [1]
Additional paid-in capital 3,844 3,953 [1]
Retained earnings 63,609 60,810 [1]
Accumulated other comprehensive income (loss) (200) (810) [1]
Total stockholders' equity 83,441 79,776 [1]
Total liabilities and stockholders' equity 405,460 339,575 [1]
Commitments and contingencies (note 17)
[1] The Company has initially applied ASC 2016-02 (Topic 842) using the modified retrospective method. Under this method, the comparative information is not restated.