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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 109,775 $ 78,791
Accounts receivable, net 48,004 66,486
Inventories 6,566 8,304
Prepaid expenses and other current assets 15,104 10,263
Total current assets 179,449 163,844
Property and equipment, net 2,202 2,397
Intangible assets, net 15,583 18,103
Goodwill 39,743 39,743
Deferred tax asset, net 13,669 13,822
Other assets 3,908 694
Total assets 254,554 238,603
Current liabilities:    
Accounts payable 5,462 9,917
Accrued expenses and other liabilities 28,361 23,519
Current portion of long-term debt 5,000 6,250
Total current liabilities 38,823 39,686
Other long-term liabilities 3,000 0
Long-term debt, less current portion 33,557 38,155
Total liabilities 75,380 77,841
Stockholders' equity:    
Preferred stock, 1,500,000 shares authorized and no shares issued or outstanding as of December 31, 2019 and 2018 0 0
Common stock, $0.001 par value; 50,000,000 shares authorized; 16,537,846 and 16,504,283 shares issued as of December 31, 2019 and 2018, respectively 17 17
Additional paid in capital 278,518 256,458
Retained earnings 72,500 58,187
Treasury stock, at cost, 2,907,687 and 2,590,258 shares as of December 31, 2019 and 2018, respectively (171,861) (153,900)
Total stockholders' equity 179,174 160,762
Total liabilities and stockholders' equity $ 254,554 $ 238,603