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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities:    
Net income $ 11,321 $ 12,301
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and accretion 3,210 3,768
Deferred income tax expense 3,624 5,605
Stock-based compensation 3,480 2,743
Provisions for credit losses, service credits and other 450 415
Changes in assets and liabilities:    
Accounts receivable 1,481 1,305
Prepaid expenses and other assets (1,061) (1,102)
Net operating lease liabilities (48) (1,243)
Accounts payable, accrued liabilities and other (4,284) (7,396)
Deferred revenue 2,342 (2,000)
Net cash provided by operating activities 20,515 14,396
Investing activities:    
Purchases of property and equipment (2,348) (2,419)
Net cash used in investing activities (2,348) (2,419)
Financing activities:    
Cash distributions to stockholders (20,045) (19,404)
Proceeds from issuance of common stock under the Employee Stock Purchase Plan 130 90
Purchase of common stock for tax withholding on vested equity awards (2,428) (1,245)
Net cash used in financing activities (22,343) (20,559)
Effect of exchange rate on cash and cash equivalents 17 129
Net decrease in cash and cash equivalents (4,159) (8,453)
Cash and cash equivalents, beginning of period 31,989 35,754
Cash and cash equivalents, end of period 27,830 27,301
Supplemental disclosure:    
Income taxes paid $ 298 $ 236