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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
OPERATING ACTIVITIES:    
Net income $ 9,394 $ 6,756
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 20,706 20,148
Stock-based compensation 2,154 2,038
Amortization of deferred commissions 5,956 5,464
Provision for credit losses 1,802 371
Deferred income taxes (542) (490)
Loss on equity method investments 82 241
Other (746) (342)
Changes in operating assets and liabilities:    
Accounts and unbilled receivables (449) (1,460)
Prepaid royalties 1,158 (810)
Other prepaid expenses and other current assets (1,211) (2,408)
Deferred commissions (5,632) (5,830)
Other assets 116 315
Accounts payable and accrued expenses (8,912) (2,835)
Accrued royalties (370) (207)
Deferred revenue 2,985 1,618
Net cash provided by operating activities 27,389 25,489
INVESTING ACTIVITIES:    
Business combinations, net of cash acquired 0 (6,621)
Proceeds from maturities of marketable securities 29,196 10,000
Purchases of marketable securities (34,526) (31,983)
Proceeds from sale of non-marketable equity investments 765 0
Payments associated with capitalized software development (13,552) (13,309)
Purchases of property and equipment (914) (1,382)
Net cash used in investing activities (19,031) (43,295)
FINANCING ACTIVITIES:    
Taxes paid related to net settlement of equity awards (861) (797)
Payment of cash dividends (1,700) (1,534)
Net cash used in financing activities (2,561) (2,331)
Effect of exchange rate changes on cash and cash equivalents 1 (81)
Net increase (decrease) in cash and cash equivalents 5,798 (20,218)
Cash and cash equivalents at beginning of period 40,333 46,023
Cash and cash equivalents at end of period $ 46,131 $ 25,805