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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 28,826 $ 15,444
Accounts and note receivable, net of allowance for doubtful accounts of $904 and $511 at December 31, 2019 and December 31, 2018, respectively 4,808 5,102
Inventory 656 1,169
Prepaid expenses and other current assets 12,218 2,261
Current assets of discontinued operations 0 13,733
Total current assets before funds held for clients 46,508 37,709
Funds held for clients 137,935 122,206
Total current assets 184,443 159,915
Property and equipment, net 7,867 6,434
Goodwill 68,697 99,108
Intangible assets, net 63,850 72,248
Operating lease assets, net 6,963  
Other assets 3,224 2,338
Long-term assets of discontinued operations 0 21,057
Total assets 335,044 361,100
Current liabilities:    
Current portion of notes payable 2,571 4,733
Accounts payable 1,736 2,945
Accrued compensation and benefits 3,424 2,281
Operating lease liabilities, current 1,575  
Other accrued liabilities 6,556 1,105
Deferred revenue 5,500 2,887
Current liabilities of discontinued operations 0 11,351
Total current liabilities before client fund obligations 21,362 25,302
Client fund obligations 145,227 123,170
Total current liabilities 166,589 148,472
Long-term liabilities:    
Deferred revenue 322 834
Deferred tax liability 336 869
Notes payable, net of current portion and debt issuance cost 24,142 106,634
Operating lease liabilities, noncurrent 5,937  
Other liabilities 139 439
Long-term liabilities of discontinued operations 0 1,334
Total long-term liabilities 30,876 110,110
Total liabilities 197,465 258,582
Commitments and Contingencies (Notes 2 and 15)
Stockholders’ equity:    
Preferred stock, $.01 par value; 1,500 shares authorized; none issued or outstanding 0 0
Common stock, $.01 par value; 22,000 and 22,000 shares authorized; 16,098 and 15,666 shares issued, 15,714 and 15,282 shares outstanding at December 31, 2019 and December 31, 2018, respectively 161 157
Treasury stock at cost, 384 shares at December 31, 2019 and December 31, 2018 (5,017) (5,017)
Additional paid-in capital 396,102 391,927
Accumulated deficit (253,642) (283,643)
Accumulated other comprehensive loss (25) (906)
Total stockholders’ equity 137,579 102,518
Total liabilities and stockholders’ equity $ 335,044 $ 361,100