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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 10,021 $ 13,517
Trade accounts receivable, less allowance for doubtful accounts of $143 and $144, respectively 17,403 11,639 [1]
Prepaid expenses 2,608 2,038
Income taxes receivable 580 69
Insurance receivable 2,771
Other current assets 1,556 1,894
Total current assets 34,939 29,157
Net property and equipment 12,655 13,530
Intangible assets, net 1,635 1,728
Goodwill 57,746 57,935
Deferred contract costs, net 4,896 4,204
Operating ROU assets 1,460 1,628 [2]
Other 2,524 2,503
Total assets 115,855 110,685
Current liabilities:    
Current portion of notes payable 4,631 4,378
Accounts payable 655 1,279
Accrued wages, bonus and profit sharing 4,913 6,086
Accrued expenses 4,292 3,408
Income taxes payable 366
Dividends payable 5,278 5,239
Deferred revenue 19,111 16,354 [1]
Other current liabilities 999 1,045
Total current liabilities 39,879 38,155
Notes payable, net of current portion and unamortized debt issuance costs 28,593 29,795
Deferred income taxes 7,704 7,399
Other long term liabilities 2,382 2,444
Total liabilities 78,558 77,793
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 30,412,055 in 2020 and 30,151,574 in 2019, outstanding 25,132,001 in 2020 and 24,947,500 in 2019 30 30
Additional paid-in capital 165,631 162,154
Retained earnings (accumulated deficit) (86,880) (93,357)
Accumulated other comprehensive loss, foreign currency translation adjustment (3,333) (2,209)
Treasury stock, at cost; 5,280,054 Common shares in 2020 and 5,204,074 shares in 2019 (38,151) (33,726)
Total shareholders’ equity 37,297 32,892
Total liabilities and shareholders’ equity $ 115,855 $ 110,685
[1] Represents the December 31, 2017 balance adjusted for the ASC 606 transition adjustments.
[2] Represents the December 31, 2018 balance recorded at implementation of Topic 842