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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Activities:    
Net income (loss) $ (2,516) $ 3,084
Adjustments to net income (loss):    
Provision for credit losses 500 (352)
Deferred taxes (2,982) 572
Stock-based compensation 800 1,247
Depreciation 400 499
Gain on sale of business (1,250) 0
Amortization of acquisition-related intangibles 3,127 4,014
Amortization of software development costs 2,742 1,486
Amortization of deferred finance costs 107 90
Non-cash operating lease costs 675 479
Changes in operating assets and liabilities:    
Accounts receivable (4,112) (3,099)
Financing receivables 628 619
Inventories (505) (398)
Prepaid expenses and other current assets 772 (3,187)
Accounts payable 1,253 5,605
Deferred revenue 1,006 47
Operating lease liabilities (583) (499)
Other liabilities (2,573) (971)
Prepaid income taxes 477 237
Net cash provided by (used in) operating activities (2,034) 9,473
Investing Activities:    
Sale of business, net of cash and cash equivalents sold 21,410 0
Investment in software development (4,839) (6,233)
Purchase of property and equipment (177) (16)
Net cash provided by (used in) investing activities 16,394 (6,249)
Financing Activities:    
Payments of long-term debt principal (875) (875)
Proceeds from revolving line of credit 15,423 5,000
Payments of revolving line of credit (27,729) (5,000)
Debt issuance costs (529) 0
Treasury stock purchases (342) (2,484)
Net cash provided by (used in) financing activities (14,052) (3,359)
Increase (decrease) in cash and cash equivalents 308 (135)
Change in cash and cash equivalents included in assets sold (41) 0
Cash and cash equivalents at beginning of period 3,848 6,951
Cash and cash equivalents at end of period 4,115 6,816
Supplemental disclosure of cash flow information:    
Cash paid for interest 6,820 898
Cash paid for income taxes $ 1,000 $ 0