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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Activities      
Net income (loss) $ (20,439) $ (48,434) $ 15,867
Adjustments to net income (loss):      
Provision for expected credit losses 3,669 1,920 992
Deferred taxes 1,859 (11,305) (6,688)
Stock based compensation 5,520 3,271 5,173
Depreciation 1,346 1,946 2,443
Gain on sale of business (1,529) 0 0
Amortization of acquisition-related intangibles 12,505 16,426 17,403
Amortization of software development costs 15,122 8,096 3,484
Amortization of deferred finance costs 504 359 332
Gain on contingent consideration (1,044) 0 (565)
Goodwill impairment 0 35,913 0
Trademark impairment 0 2,342 0
Loss on extinguishment of debt 0 0 125
Loss on disposal of property and equipment 3,895 117 0
Non-cash operating lease costs 2,273 1,602 2,166
Changes in operating assets and liabilities (net of acquired assets and liabilities):      
Accounts receivable 94 (7,839) (12,428)
Financing receivables (68) 2,659 6,144
Inventories (292) 309 71
Prepaid expenses and other current assets 3,576 (4,554) (2,930)
Accounts payable 3,734 3,075 (1,429)
Deferred revenue 2,580 (2,913) 61
Operating lease liabilities (1,842) (2,063) (2,019)
Other liabilities (2,411) 1,894 275
Income taxes, net 3,083 (1,762) 3,898
Net cash provided by operating activities 32,135 1,059 32,375
Investing Activities      
Sale of business, net of cash and cash equivalents sold 21,410 0 0
Purchases of property and equipment (1,643) (346) (270)
Proceeds from sale of property and equipment 2,475 0 0
Purchase of business, net of cash received (664) (36,705) (43,364)
Investment in software development (17,457) (23,059) (19,097)
Net cash provided by (used in) investing activities 4,121 (60,110) (62,731)
Financing Activities      
Proceeds from long-term debt 0 0 575
Payments of long-term debt principal (7,500) (3,500) (3,563)
Proceeds from revolving line of credit 29,497 67,023 48,000
Payments of revolving line of credit (48,803) (5,000) (5,300)
Debt issuance cost (529) 0 0
Payments of contingent consideration 0 0 (1,935)
Proceeds from exercise of stock options 0 0 23
Treasury stock purchases (404) (2,575) (11,924)
Net cash provided by (used in) by financing activities (27,739) 55,948 25,876
Increase (decrease) in cash and cash equivalents 8,517 (3,103) (4,480)
Change in cash and cash equivalents included in assets sold (41) 0 0
Cash and cash equivalents at beginning of year 3,848 6,951 11,431
Cash and cash equivalents at end of year 12,324 3,848 6,951
Supplemental disclosure of cash flow information:      
Cash paid for interest 16,222 9,298 5,863
Cash paid for income taxes, net of refunds $ 5,261 $ 3,659 $ 4,765