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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
REVENUE    
Principal $ 374,484 $ 351,743
Other partner revenue 26,693 24,502
Total Revenue 401,177 376,245
Direct cost of revenue 335,722 322,341
Gross Profit 65,455 53,904
OPERATING EXPENSES    
Employment costs 31,860 27,890
Marketing and communications 1,608 1,460
Technology services 2,577 2,210
Depreciation and amortization 4,668 3,364
Foreign exchange loss (gain) 401 (36)
Other operating expenses 7,994 8,786
Total Operating Expenses 49,108 43,674
Finance income (908) (666)
Finance costs 211  
INCOME BEFORE INCOME TAXES 17,044 10,896
Income tax expense 5,155 3,104
NET INCOME 11,889 7,792
Items that will subsequently be reclassified to profit or loss:    
Unrealized gain (loss) on foreign exchange derivatives designated as cash flow hedges 556 (1,394)
Income tax effect (147) 369
Reclassification to net income of loss on foreign exchange derivatives designated as cash flow hedges 550 7
Income tax effect (146) (2)
Foreign currency translation adjustment 17  
Other comprehensive income (loss) for the period, net of income tax 830 (1,020)
TOTAL COMPREHENSIVE INCOME $ 12,719 $ 6,772
EARNINGS PER SHARE    
Basic earnings per share $ 0.87 $ 0.54
Diluted earnings per share $ 0.86 $ 0.54