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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating activities:    
Net income $ 3,124 $ 2,167
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 3,132 2,747
Amortization of intangible assets 2,175 1,693
Depreciation and amortization 284 390
Amortization of investment premiums & other 480 72
Accretion and amortization on debt securities 1,715 0
Net changes in estimated fair value of acquisition-related contingent consideration 30 0
Deferred taxes (348) (669)
Changes in assets and liabilities:    
Accounts receivable (402) 3,084
Contract assets (175) 1,529
Other assets (864) (342)
Accounts payable 80 (501)
Accrued payroll and related taxes (4,518) (2,514)
Deferred revenue (2,496) 1,273
Other liabilities 34 (199)
Net cash provided by operating activities 2,251 8,730
Investing activities:    
Purchases of investments (35,309) (12,111)
Sales and maturities of investments 37,658 8,141
Purchases of property and equipment (295) (400)
Net cash provided by (used in) investing activities 2,054 (4,370)
Financing activities:    
Proceeds from the issuance of equity plan common stock 25 1,889
Repurchases and retirements of common stock (10,145) 0
Principal payments on other borrowings (17) (18)
Net cash provided by (used in) financing activities (10,137) 1,871
Foreign currency effect on cash and cash equivalents (266) 506
Net increase (decrease) in cash and cash equivalents (6,098) 6,737
Cash and cash equivalents at beginning of period 30,312 19,986
Cash and cash equivalents at end of period 24,214 26,723
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 170 149
Supplemental disclosures of non-cash investing and financing activities:    
Unrealized holding loss on available for sale investments $ (270) $ (53)