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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 25,026 $ 54,361
Trade accounts receivable, less allowance for doubtful accounts of $65 and $94, respectively 14,461 13,728
Prepaid expenses 2,386 3,884
Income taxes receivable 733 752
Other current assets 1,110 982
Total current assets 43,716 73,707
Net property and equipment 17,248 12,391
Intangible assets, net 1,611 1,790
Goodwill, Ending Balance 61,614 61,614
Operating lease right-of-use assets 556 975
Deferred contract costs, net 2,441 3,772
Deferred income taxes 14 14
Other 3,261 3,277
Total assets 130,461 157,540
Current liabilities:    
Current portion of notes payable, net of unamortized debt issuance costs 4,491 4,278
Accounts payable 1,153 1,943
Accrued wages and bonuses 4,551 7,139
Accrued expenses 3,983 5,450
Dividends payable 2,956 3,044
Deferred revenue 15,198 17,213
Other current liabilities 1,085 1,321
Total current liabilities 33,417 40,388
Notes payable, net of current portion and unamortized debt issuance costs 17,690 22,269
Deferred income taxes 5,274 7,002
Other long-term liabilities 2,047 2,544
Total liabilities 58,428 72,203
Shareholders’ equity:    
Preferred stock, $0.01 par value, authorized 2,000,000 shares, none issued 0 0
Common stock, $0.001 par value; authorized 110,000,000 shares, issued 30,922,181 in 2022 and 30,898,600 in 2021, outstanding 24,628,173 in 2022 and 25,361,409 in 2021 31 31
Additional paid-in capital 175,453 173,942
Retained earnings (accumulated deficit) (25,184) (36,112)
Accumulated other comprehensive loss, foreign currency translation adjustment   (2,375)
Treasury stock, at cost; 6,294,008 Common shares in 2022 and 5,537,191 Common shares in 2021 (78,267) (50,149)
Total shareholders’ equity 72,033 85,337
Total liabilities and shareholders’ equity $ 130,461 $ 157,540