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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
Net income $ 47,215 $ 18,825 $ 3,482
Adjustments to reconcile net income to cash and cash equivalents provided by operating activities:      
Depreciation and amortization 6,567 6,513 6,336
Bad debt expense 59 525 1,147
Stock-based compensation expense 12,034 10,200 8,976
Deferred income taxes (29,477) (39) 531
Other items, net 200 (829) 118
Changes in assets and liabilities, net of effects from acquisition:      
Accounts receivable (4,358) (2,143) 361
Prepaid expenses and other assets 110 (1,728) 892
Deferred contract costs (5,875) (2,572) (3,146)
Accounts payable and accrued expenses 76 4,270 (2,306)
Deferred revenue 7,701 1,284 (3,383)
Cash and cash equivalents provided by operating activities 34,252 34,306 13,008
Cash flows from investing activities      
Acquisition, net of cash acquired 0 (8,467) 0
Purchases of property and equipment (1,609) (1,704) (986)
Payment of software development costs (3,395) (3,034) (2,721)
Cash and cash equivalents used in investing activities (5,004) (13,205) (3,707)
Cash flows from financing activities      
Repayment of finance leases 15 1,808 2,209
Proceeds from exercise of stock options 5,742 3,825 974
Payment of statutory tax withholding related to net-share settlement of restricted stock units (5,743) (3,294) (3,389)
Payment of line of credit financing costs 0 (187) 0
Cash and cash equivalents used in financing activities (16) (1,464) (4,624)
Effect of currency exchange rate changes on cash and cash equivalents (210) 123 (77)
Net increase in cash and cash equivalents 29,022 19,760 4,600
Cash and cash equivalents, beginning of period 71,545 51,785 47,185
Cash and cash equivalents, end of period 100,567 71,545 51,785
Supplemental disclosure of cash flow information      
Cash paid for interest 133 160 215
Cash paid for income taxes, net 487 462 62
Supplemental disclosure of noncash investing and financing activities      
Accrued capital expenditures 78 32 15
Finance lease obligations entered into for the purchase of fixed assets $ 0 $ 0 $ 46