XML 18 R7.htm IDEA: XBRL DOCUMENT v3.20.1
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net loss $ (1,360) $ (898)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 687 680
Amortization of intangible assets 845 1,004
Deferred tax expense (benefit) from stock issuances 274 (3)
Write-off of deferred financing costs 167  
Amortization of deferred financing costs 126 174
Stock-based compensation 2,419 2,310
Provisions for accounts receivable 29 179
Deferred tax provision (benefit) 523 (4)
Loss on disposal of fixed assets   33
Changes in operating assets and liabilities:    
Accounts receivable and contract assets 4,561 (197)
Prepaid expense and other assets (454) 783
Accounts payable 1,094 1,650
Contract liabilities (2,000) (2,746)
Accrued expenses (2,304) (1,687)
Net cash provided by operating activities 4,607 1,278
Cash flows from investing activities    
Purchase of furniture, fixtures and equipment (173) (353)
Net cash used in investing activities (173) (353)
Cash flows from financing activities    
Principal payments on borrowings   (3,563)
Proceeds from issuance of employee stock purchase plan shares 123 175
Debt financing costs (934)  
Payments related to tax withholding for stock-based compensation (618) (1,157)
Equity securities repurchased (3,367) (1,311)
Net cash used in financing activities (4,796) (5,856)
Effect of exchange rate changes on cash (397) (101)
Net decrease in cash, cash equivalents, and restricted cash (759) (5,032)
Cash, cash equivalents, and restricted cash, beginning of period 18,241 18,725
Cash, cash equivalents, and restricted cash, end of period 17,482 $ 13,693
Non-cash investing and financing activities:    
Issuance of treasury stock for vested restricted stock awards $ 2,196