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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 4,020 $ 12,991
Trade accounts receivable, less allowance for doubtful accounts of $124 and $175, respectively 15,087 11,922
Prepaid expenses 2,696 2,925
Income taxes receivable 637 348
Other current assets 448 224
Total current assets 22,888 28,410
Net property and equipment 13,872 14,153
Intangible assets, net 1,915 2,102
Goodwill 57,922 57,831
Deferred contract costs, net 3,743 3,484
Operating lease right-of-use assets 1,985
Other assets 1,950 2,052
Total assets 104,275 108,032
Current liabilities:    
Current portion of notes payable, net of unamortized debt issuance costs 3,890 3,667
Line of credit 1,000
Accounts payable 1,186 613
Accrued wages, bonus and profit sharing 5,535 5,798
Accrued expenses 2,813 2,834
Income taxes payable 43 636
Dividends payable 4,727 17,113
Deferred revenue 16,988 16,244
Other current liabilities 894 204
Total current liabilities 37,076 47,109
Notes payable, net of current portion 32,139 34,176
Deferred income taxes 6,768 6,276
Other long term liabilities 2,325 1,388
Total liabilities 78,308 88,949
Shareholders’ equity:    
Preferred stock, $0.01 par value, authorized 2,000,000 shares, none issued 0 0
Common stock, $0.001 par value; authorized 60,000,000 shares, issued 30,027,919 in 2019 and 29,917,667 in 2018, outstanding 24,879,414 in 2019 and 24,800,796 in 2018 30 30
Additional paid-in capital 158,691 157,312
Retained earnings (accumulated deficit) (100,201) (106,339)
Accumulated other comprehensive loss, foreign currency translation adjustment (2,296) (2,916)
Treasury stock, at cost; 5,148,505 Common shares in 2019 and 5,116,871 shares in 2018 (30,257) (29,004)
Total shareholders’ equity 25,967 19,083
Total liabilities and shareholders’ equity $ 104,275 $ 108,032