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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 100,385 $ 97,605
Accounts receivable, net of allowance for doubtful accounts of $154 in 2020 and $213 in 2019 37,363 40,651
Prepaid expenses and other current assets 11,628 9,320
Total current assets 149,376 147,576
Property and equipment, net 41,009 40,798
Operating lease right-of-use assets, net 7,368 7,609
Goodwill 2,293 2,293
Intangible assets, net 5,904 6,221
Deferred tax assets 25,085 25,327
Other non-current assets 8,322 9,720
Total assets 239,357 239,544
Current liabilities:    
Accounts payable 4,828 7,636
Accrued compensation and related benefits 4,754 5,072
Accrued and other current liabilities 1,406 1,665
Operating lease liabilities – current portion 1,954 1,867
Deferred revenues – current portion 12,326 10,639
Billings in excess of recognized revenues 1,796 1,117
Total current liabilities 27,064 27,996
Long-term income taxes payable 4,884 5,368
Non-current operating lease liabilities 7,310 7,677
Deferred revenues – non-current portion (1,630) (2,346)
Total liabilities 40,888 43,387
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Preferred stock, $0.00015 par value, 5,000 shares authorized, no shares issued and outstanding 0 0
Common stock, $0.00015 par value, 70,000 shares authorized; shares issued 42,182 and 41,797, respectively; shares outstanding 32,795 and 32,503, respectively 5 5
Additional paid-in-capital 329,681 325,197
Treasury stock at cost, 9,387 and 9,294 shares, respectively (93,173) (91,695)
Accumulated deficit (36,398) (35,870)
Accumulated other comprehensive loss (1,646) (1,480)
Total stockholders’ equity 198,469 196,157
Total liabilities and stockholders’ equity $ 239,357 $ 239,544