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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities    
Net income $ 3,341 $ 5,677
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 2,697 2,739
Amortization of intangible assets 4,011 5,032
Deferred tax expense (benefit) from stock issuances 205 (202)
Amortization of deferred financing costs 610 761
Stock-based compensation 9,589 9,862
Change in fair value of contingent consideration   356
Provisions for accounts receivable 75 231
Deferred tax provision 885 (241)
Loss on disposal of fixed assets 3 66
Changes in operating assets and liabilities:    
Accounts receivable and contract assets (1,363) (4,488)
Prepaid expense and other assets 1,488 885
Accounts payable 243 879
Contract liabilities (1,253) (471)
Accrued expenses (94) (1,958)
Net cash provided by operating activities 20,437 19,128
Cash flows from investing activities    
Purchase of furniture, fixtures and equipment (1,922) (3,999)
Net cash used in investing activities (1,922) (3,999)
Cash flows from financing activities    
Proceeds from debt 5,000  
Principal payments on borrowings (17,250) (10,637)
Payment of Alsbridge Notes   (7,000)
Proceeds from issuance of employee stock purchase plan shares 703 824
Payment of contingent consideration (865) (1,200)
Payments related to tax withholding for stock-based compensation (3,094) (2,927)
Equity securities repurchased (3,428) (3,063)
Net cash used in financing activities (18,934) (24,003)
Effect of exchange rate changes on cash (65) (915)
Net decrease in cash, cash equivalents, and restricted cash (484) (9,789)
Cash, cash equivalents, and restricted cash, beginning of period 18,725 28,514
Cash, cash equivalents, and restricted cash, end of period 18,241 18,725
Cash paid for:    
Interest 5,690 5,978
Taxes, net of refunds 503 2,622
Non-cash investing and financing activities:    
Issuance of treasury stock for vested restricted stock awards $ 1,362 $ 5,188