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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 57,489 $ 40,333
Marketable securities 37,404 30,800
Accounts receivable, net of allowance for doubtful accounts of $949 and $781 at September 30, 2024 and December 31, 2023, respectively 26,326 34,346
Accounts receivable - unbilled 5,350 4,100
Prepaid royalties, net of amortization 9,239 10,202
Prepaid software maintenance and subscriptions 6,677 7,397
Other prepaid expenses and other current assets 3,163 3,032
Total current assets 145,648 130,210
Property and equipment, net of accumulated depreciation of $22,362 and $19,503 at September 30, 2024 and December 31, 2023, respectively 11,086 13,005
Capitalized software development, net of accumulated amortization of $144,894 and $127,009 at September 30, 2024 and December 31, 2023, respectively 42,472 40,643
Operating lease right of use assets, net 18,172 20,114
Goodwill 191,139 191,379
Deferred commissions 31,777 31,700
Non-marketable equity investments 3,984 4,134
Other assets 584 726
Total assets 502,831 499,942
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Accounts payable 4,444 7,465
Accrued expenses 17,367 22,717
Accrued royalties 5,822 4,556
Deferred revenue 82,939 83,623
Total current liabilities 110,572 118,361
Deferred tax liabilities 15,177 16,132
Deferred revenue, noncurrent 1,671 2,169
Operating lease liability, noncurrent 17,944 20,247
Other long-term liabilities 1,986 2,281
Shareholders’ equity:    
Common stock, no par value, 75,000 shares authorized; 30,415 and 30,298 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 251,428 249,075
Retained earnings 104,937 92,368
Accumulated other comprehensive loss (884) (691)
Total shareholders’ equity 355,481 340,752
Total liabilities and shareholders’ equity 502,831 499,942
Customer-Related Intangible Assets [Member]    
ASSETS    
Intangible Assets, Net 48,700 54,742
Other Intangible Assets [Member]    
ASSETS    
Intangible Assets, Net $ 9,269 $ 13,289