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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 48,257 $ 46,905
Marketable securities 3,587 5,041
Accounts receivable, net of allowance for doubtful accounts of $661 and $853 at September 30, 2022 and December 31, 2021, respectively 26,427 30,308
Accounts receivable - unbilled 6,243 4,612
Prepaid royalties, net of amortization 9,261 9,155
Other prepaid expenses and other current assets 10,576 10,824
Total current assets 104,351 106,845
Property and equipment, net of accumulated depreciation of $21,262 and $17,999 at September 30, 2022 and December 31, 2021, respectively 15,658 17,950
Capitalized software development, net of accumulated amortization of $100,024 and $86,097 at September 30, 2022 and December 31, 2021, respectively 35,537 32,412
Operating lease right of use assets, net 23,343 25,168
Goodwill 188,367 182,501
Deferred tax assets 601 601
Deferred commissions 26,377 24,012
Non-marketable equity investments 4,644 7,043
Other assets 798 1,016
Total assets [1] 481,197 486,753
Current liabilities:    
Accounts payable and accrued expenses 22,196 21,497
Accrued royalties 5,609 5,037
Deferred revenue 77,585 73,816
Total current liabilities 105,390 100,350
Deferred tax liabilities 18,761 18,146
Deferred revenue, noncurrent 1,264 1,583
Operating lease liability, noncurrent 24,041 26,178
Other long term liabilities 1,459 1,477
Commitments and contingencies
Shareholders’ equity:    
Common stock, no par value, 75,000 shares authorized; 30,573 and 31,327 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively 253,934 270,791
Retained earnings 77,764 68,122
Accumulated other comprehensive (loss) income (1,416) 106
Total shareholders’ equity 330,282 339,019
Total liabilities and shareholders’ equity 481,197 486,753
Customer-Related Intangible Assets [Member]    
Current assets:    
Customer-related intangibles, net of accumulated amortization of $52,204 and $45,615 at September 30, 2022 and December 31, 2021, respectively 62,571 68,803
Other Intangible Assets [Member]    
Current assets:    
Customer-related intangibles, net of accumulated amortization of $52,204 and $45,615 at September 30, 2022 and December 31, 2021, respectively $ 18,950 $ 20,402
[1] Segment assets include accounts and unbilled receivables, prepaid royalties, prepaid and other current assets, other assets, capitalized software development, deferred commissions, certain property and equipment, goodwill, and intangible assets. Cash and cash equivalents, marketable securities, non-marketable equity investments, and certain ROU assets are not allocated to individual segments and are included within Unallocated. A significant portion of property and equipment assets are included within Unallocated.