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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 107,425 $ 131,538
Marketable securities 34,585 41,328
Accounts receivable, net of allowance for doubtful accounts of $1,004 and $843 at March 31, 2020 and December 31, 2019, respectively 32,301 27,650
Accounts receivable - unbilled 2,454 2,726
Prepaid royalties, net of amortization 15,100 11,898
Other prepaid expenses and other current assets 8,791 9,432
Total current assets 200,656 224,572
Property and equipment, net of accumulated depreciation of $21,155 and $19,291 at March 31, 2020 and December 31, 2019, respectively 24,425 26,065
Capitalized software development, net of accumulated amortization of $60,752 and $57,768 at March 31, 2020 and December 31, 2019, respectively 22,209 21,445
Operating lease right of use assets, net 29,135 29,615
Goodwill 123,283 102,196
Deferred tax assets 269 269
Deferred commissions 17,088 17,645
Non-marketable equity investments 4,329 6,782
Other assets 792 874
Total assets 481,511 489,544
Current liabilities:    
Accounts payable and accrued expenses 16,366 22,938
Accrued royalties 13,738 16,736
Deferred revenue 72,370 65,511
Total current liabilities 102,474 105,185
Deferred tax liabilities 11,565 13,183
Deferred revenue, noncurrent 1,591 1,918
Operating lease liability, noncurrent 30,108 30,733
Other long-term liabilities 357 357
Commitments and contingencies
Shareholders’ equity:    
Common stock, no par value, 75,000 shares authorized; 32,003 and 32,379 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 280,322 290,021
Retained earnings 55,235 48,143
Accumulated other comprehensive (loss) income (141) 4
Total shareholders’ equity 335,416 338,168
Total liabilities and shareholders’ equity 481,511 489,544
Customer-Related Intangible Assets [Member]    
Current assets:    
Intangible assets, net 50,904 52,554
Other Intangible Assets [Member]    
Current assets:    
Intangible assets, net $ 8,421 $ 7,527