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General (Tables)
12 Months Ended
Dec. 31, 2018
ASU 2014-09 [Member]  
Adoption of Accounting Standard Changes on Financial Statements

Selected audited consolidated balance sheet line items, which reflect the adoption of ASU 2014-09 are as follows (in thousands):

 

 

 

December 31, 2017

 

 

 

As previously

 

 

 

 

 

 

 

 

 

 

 

reported

 

 

Adjustments

 

 

As adjusted

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

Deferred costs

 

$

25,091

 

 

$

4,875

 

 

$

29,966

 

Deferred costs, non-current

 

 

6,770

 

 

 

3,197

 

 

 

9,967

 

Deferred income tax asset

 

 

17,551

 

 

 

(3,854

)

 

 

13,697

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

Accrued compensation

 

 

15,886

 

 

 

(658

)

 

 

15,228

 

Deferred revenue

 

 

16,407

 

 

 

1,456

 

 

 

17,863

 

Deferred revenue, non-current

 

 

10,602

 

 

 

(7,871

)

 

 

2,731

 

STOCKHOLDERS’ EQUITY

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated deficit

 

 

(19,902

)

 

 

11,291

 

 

 

(8,611

)

 

Selected audited consolidated statement of operations line items, which reflect the adoption of ASU 2014-09 are as follows (in thousands):

 

 

 

For the twelve months ended December 31, 2016

 

 

 

As previously

 

 

 

 

 

 

 

 

 

 

 

reported

 

 

Adjustments

 

 

As adjusted

 

Revenues

 

$

193,295

 

 

$

(142

)

 

$

193,153

 

Operating expenses

 

 

 

 

 

 

 

 

 

 

 

 

Sales and marketing

 

 

65,886

 

 

 

990

 

 

 

66,876

 

Income from operations

 

 

7,517

 

 

 

(1,132

)

 

 

6,385

 

Income tax expense

 

 

3,140

 

 

 

(385

)

 

 

2,755

 

Net income

 

$

5,710

 

 

$

(747

)

 

$

4,963

 

Net income per share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.34

 

 

 

(0.05

)

 

$

0.29

 

Diluted

 

$

0.33

 

 

 

(0.04

)

 

$

0.29

 

 

 

 

For the twelve months ended December 31, 2017

 

 

 

As previously

 

 

 

 

 

 

 

 

 

 

 

reported

 

 

Adjustments

 

 

As adjusted

 

Revenues

 

$

220,566

 

 

$

(481

)

 

$

220,085

 

Operating expenses

 

 

 

 

 

 

 

 

 

 

 

 

Sales and marketing

 

 

73,295

 

 

 

(2,034

)

 

 

71,261

 

Income from operations

 

 

8,428

 

 

 

1,553

 

 

 

9,981

 

Income tax expense

 

 

11,580

 

 

 

(1,238

)

 

 

10,342

 

Net income (loss)

 

$

(2,440

)

 

$

2,791

 

 

$

351

 

Net income (loss) per share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.14

)

 

 

0.16

 

 

$

0.02

 

Diluted

 

$

(0.14

)

 

 

0.16

 

 

$

0.02

 

 

Selected audited consolidated statement of cash flows line items, which reflect the adoption of ASU 2014-09 are as follows (in thousands):

 

 

 

For the twelve months ended December 31, 2016

 

 

 

As previously

 

 

 

 

 

 

 

 

 

 

 

reported

 

 

Adjustments

 

 

As adjusted

 

Cash flows from operating activities

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

5,710

 

 

$

(747

)

 

$

4,963

 

Reconciliation of net income to net cash provided by operating activities

 

 

 

 

 

 

 

 

 

 

 

 

Deferred income taxes

 

 

(1,698

)

 

 

(385

)

 

 

(2,083

)

Changes in assets and liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Deferred costs

 

 

(4,964

)

 

 

879

 

 

 

(4,085

)

Accrued compensation

 

 

2,180

 

 

 

111

 

 

 

2,291

 

Deferred revenue

 

 

2,710

 

 

 

142

 

 

 

2,852

 

Net cash provided by operating activities

 

 

18,765

 

 

 

 

 

 

18,765

 

 

 

 

For the twelve months ended December 31, 2017

 

 

 

As previously

 

 

 

 

 

 

 

 

 

 

 

reported

 

 

Adjustments

 

 

As adjusted

 

Cash flows from operating activities

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(2,440

)

 

$

2,791

 

 

$

351

 

Reconciliation of net income to net cash provided by operating activities

 

 

 

 

 

 

 

 

 

 

 

 

Deferred income taxes

 

 

10,854

 

 

 

(1,238

)

 

 

9,616

 

Changes in assets and liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Deferred costs

 

 

(6,548

)

 

 

(1,265

)

 

 

(7,813

)

Accrued compensation

 

 

2,073

 

 

 

(769

)

 

 

1,304

 

Deferred revenue

 

 

5,107

 

 

 

481

 

 

 

5,588

 

Net cash provided by operating activities

 

 

31,050

 

 

 

 

 

 

31,050