XML 18 R6.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities:    
Net income $ 4,236 $ 3,117
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and accretion 1,068 1,236
Deferred income tax expense 902 1,886
Stock-based compensation 1,148 936
Provisions for credit losses, service credits and other 272 29
Changes in assets and liabilities:    
Accounts receivable 1,318 4,187
Prepaid expenses and other assets 779 (282)
Net operating lease liabilities 41 (197)
Accounts payable, accrued liabilities and other (6,405) (6,680)
Deferred revenue (1,361) (1,621)
Net cash provided by operating activities 1,998 2,611
Investing activities:    
Purchases of property and equipment (875) (649)
Net cash used in investing activities (875) (649)
Financing activities:    
Cash distributions to stockholders (7,386) (6,933)
Purchase of common stock for tax withholding on vested equity awards (2,428) (1,245)
Net cash used in financing activities (9,814) (8,178)
Effect of exchange rate on cash and cash equivalents 42 12
Net decrease in cash and cash equivalents (8,649) (6,204)
Cash and cash equivalents, beginning of period 31,989 35,754
Cash and cash equivalents, end of period 23,340 29,550
Supplemental disclosure:    
Income taxes paid (refunded) $ 5 $ (6)