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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 6,126 $ 4,421
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,197 4,647
Share-based compensation expense 3,423 2,795
Write-off of long-lived assets 2 0
Provision for bad debts 274 224
Noncash lease expenses 257 272
Deferred income tax expense 1,187 1,081
Changes in assets and liabilities:    
Accounts receivable (2,024) (1,052)
Prepaid expenses and other current assets (510) (370)
Other noncurrent assets (162) (616)
Accounts payable (293) 338
Accrued expenses and other current liabilities (863) (1,351)
Deferred revenue 94 (93)
Operating lease liabilities (220) (274)
Net cash provided by operating activities 12,488 10,022
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (252) (117)
Capitalized costs included in intangible assets (4,984) (4,738)
Net cash used in investing activities (5,236) (4,855)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Taxes paid related to net share settlement of vesting of restricted stock units (727) (403)
Repurchases of common stock 0 (5,853)
Dividend payable (4,181) 0
Net cash used in financing activities (4,908) (6,256)
Net increase (decrease) in cash and cash equivalents 2,344 (1,089)
Cash and cash equivalents at beginning of period 36,504 32,032
Cash and cash equivalents at end of period 38,848 30,943
SUPPLEMENTAL DISCLOSURE INFORMATION    
Cash paid for interest 0 0
Cash paid for income taxes 681 439
Share-based compensation capitalized in intangible assets 752 882
Retirement of treasury stock 727 6,164
Right-of-use assets obtained in exchange for operating lease liabilities [1] $ 1,153 $ 0
[1] The New Seattle Lease Agreement resulted in the recognition of $1,153 in right-of-use assets obtained in exchange for operating lease liabilities as of May 1, 2025. The Company applied a 6.0% discount rate, its estimated incremental borrowing rate for similar secured assets, to determine the present value of the lease payments, as the implicit rate in the lease is not readily determinable. The discount rate was based on information available as of the Commencement Date.