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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 12,446 $ 20,393
Accounts receivable, net of allowance for doubtful accounts of $195 as of March 31, 2020 and $131 as of December 31, 2019 12,480 14,564
Inventory 2,553 3,457
Prepaid expenses and deposits 13,464 13,478
Derivative instrument asset, current portion (note 5) 172 731
Prepaid domain name registry and ancillary services fees, current portion (note 11) 93,893 91,252
Income taxes recoverable 1,460 1,800
Total current assets 136,468 145,675
Prepaid domain name registry and ancillary services fees, long-term portion (note 11) 18,127 17,915
Derivative instrument asset, long-term portion (note 5) 370
Property and equipment 94,289 82,121
Right of use operating lease asset 11,463 11,335
Contract costs 1,371 1,400
Intangible assets (note 6) 59,915 57,654
Total goodwill 115,837 109,818
Total assets 437,840 425,918
Current liabilities:    
Accounts payable 8,996 6,671
Accrued liabilities 7,838 9,373
Customer deposits 14,132 14,074
Derivative instrument liability (note 5) 1,718
Operating lease liability, current portion (note 12) 1,488 1,413
Deferred revenue, current portion (note 10) 126,152 123,101
Accreditation fees payable, current portion 1,045 952
Income taxes payable 1,302 1,324
Total current liabilities 162,671 156,908
Deferred revenue, long-term portion (note 10) 26,493 26,202
Accreditation fees payable, long-term portion 208 216
Operating lease liability, long-term portion (note 12) 9,293 9,424
Loan payable, long-term portion (note 7) 113,545 113,503
Other long-term liability (note 4 (b)) 3,152
Deferred tax liability 27,122 25,471
Stockholders' equity (note 14)    
Preferred stock - no par value, 1,250,000 shares authorized; none issued and outstanding 0 0
Common stock - no par value, 250,000,000 shares authorized; 10,562,744 shares issued and outstanding as of March 31, 2020 and 10,585,159 shares issued and outstanding as of December 31, 2019 18,751 16,633
Additional paid-in capital 880
Retained earnings 77,323 76,208
Accumulated other comprehensive income (loss) (note 5) (718) 473
Total stockholders' equity 95,356 94,194
Total liabilities and stockholders' equity 437,840 425,918
Contingencies (note 17)