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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities:    
Net income $ 7,661 $ 7,850
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and accretion 2,135 2,501
Deferred income tax expense 2,313 3,602
Stock-based compensation 2,307 1,859
Provisions for credit losses, service credits and other 262 222
Changes in assets and liabilities:    
Accounts receivable 223 1,168
Prepaid expenses and other assets (1,232) (653)
Net operating lease liabilities (11) (324)
Accounts payable, accrued liabilities and other (3,046) (1,745)
Deferred revenue (1,192) (3,282)
Net cash provided by operating activities 9,420 11,198
Investing activities:    
Purchases of property and equipment (1,516) (1,815)
Net cash used in investing activities (1,516) (1,815)
Financing activities:    
Cash distributions to stockholders (13,715) (13,163)
Proceeds from issuance of common stock under the Employee Stock Purchase Plan 131 90
Purchase of common stock for tax withholding on vested equity awards (2,428) (1,245)
Net cash used in financing activities (16,012) (14,318)
Effect of exchange rate on cash and cash equivalents (6) 47
Net decrease in cash and cash equivalents (8,114) (4,888)
Cash and cash equivalents, beginning of period 31,989 35,754
Cash and cash equivalents, end of period 23,875 30,866
Supplemental disclosure:    
Income taxes paid $ 241 $ 253