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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2023
Cash flows from operating activities      
Net income (loss) $ 1,488 $ (3,389)  
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:      
Depreciation expense 787 750  
Amortization of intangible assets 318 755  
Deferred tax expense (benefit) from stock issuances 112 (30)  
Amortization of deferred financing costs 56 56  
Stock-based compensation 2,420 2,249  
Change in fair value of contingent consideration 12 26  
Provisions for credit losses 37 179 $ 4,800
Deferred tax (benefit) provision (128) (1,464)  
Changes in operating assets and liabilities:      
Accounts receivable and contract assets (5,515) 4,056  
Prepaid expenses and other assets 2,965 1,393  
Accounts payable (1,300) (706)  
Contract liabilities (78) (1,474)  
Accrued expenses and other liabilities (196) (68)  
Net cash provided by operating activities 978 2,333  
Cash flows from investing activities      
Purchase of furniture, fixtures and equipment (837) (1,022)  
Net cash used in investing activities (837) (1,022)  
Cash flows from financing activities      
Proceeds from revolving facility (Note 9) 5,000    
Repayment of outstanding debt (Note 9) (5,000) (5,000)  
Additional proceeds from the sale of the automation business 1,954    
Proceeds from issuance of employee stock purchase plan shares 139 185  
Payments related to tax withholding for stock-based compensation (756) (379)  
Cash dividends paid to shareholders (2,245) (2,397)  
Treasury shares repurchased (2,565) (2,127)  
Net cash used in financing activities (3,473) (9,718)  
Effect of exchange rate changes on cash 376 (277)  
Net decrease in cash, cash equivalents, and restricted cash (2,956) (8,684)  
Cash, cash equivalents, and restricted cash, beginning of period 23,158 22,809  
Cash, cash equivalents, and restricted cash, end of period 20,202 14,125 $ 22,809
Supplemental disclosures of cash flow information:      
Interest 1,062 1,473  
Taxes, net of refunds 512 1,030  
Non-cash investing and financing activities:      
Issuance of treasury stock for vested restricted stock units $ 1,759 $ 1,076