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INVESTMENTS AND FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

Debt Securities, Available-for-sale [Table Text Block]

Investments classified as available-for-sale consisted of the following:

		June 30, 2020
		Amortized Cost				Gross Unrealized Gains (1)				Gross Unrealized Losses (1)				Aggregate Estimated Fair Value
Funds Held for Clients (2)
Certificates of deposit		$	10,046			$	226			$	-			$	10,272
Corporate debt securities			8,960				289				-				9,249
Municipal bonds			6,987				83				-				7,070
US Government agency securities			500				1				-				501
Asset-backed securities			496				3				-				499
Total		$	26,989			$	602			$	-			$	27,591

		December 31, 2019
		Amortized Cost				Gross Unrealized Gains (1)				Gross Unrealized Losses (1)				Aggregate Estimated Fair Value
December 31, 2019
Funds Held for Clients (2)
Certificates of deposit		$	8,828			$	11			$	-			$	8,839
Corporate debt securities			6,883				6				(9	)			6,880
Municipal bonds			6,383				6				(7	)			6,382
US Government agency securities			1,000				-				-				1,000
Asset-backed securities			1,067				-				(32	)			1,035
Total		$	24,161			$	23			$	(48	)		$	24,136

(1)

Unrealized gains and losses on available-for-sale securities are included as a component of comprehensive loss. As of June 30, 2020 and December 31, 2019, there were 79 and 53 securities, respectively, in an unrealized gain position and there were 0 and 18 securities, respectively, in an unrealized loss position. As of June 30, 2020, we had zero unrealized losses. As of December 31, 2019, these unrealized losses were less than $35 individually and $50 in the aggregate. These securities have not been in a continuous unrealized gain or loss position for more than 12 months. We do not intend to sell these investments and we do not expect to sell these investments before recovery of their amortized cost basis, which may be at maturity. We review our investments to identify and evaluate investments that indicate possible other-than-temporary impairment. Factors considered in determining whether a loss is other-than-temporary include the length of time and extent to which fair value has been less than the cost basis, the financial condition and near-term prospects of the investee, and our intent and ability to hold the investment for a period of time sufficient to allow for any anticipated recovery in market value.

(2)

At June 30, 2020 and December 31, 2019, none of these securities were classified as cash and cash equivalents on the accompanying condensed consolidated balance sheets.

Investments Classified by Contractual Maturity Date [Table Text Block]

Expected maturities of available-for-sale securities as of June 30, 2020 are as follows:

Expected Maturities		Amount

One year or less		$	4,823
After one year through five years			22,768
After five years through 10 years			-
After 10 years			-
		$	27,591

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following table presents the fair value hierarchy for our financial assets measured at fair value on a recurring basis as of June 30, 2020 and December 31, 2019, respectively:

		June 30, 2020
		Total Carrying Value				Quoted Prices in Active Market (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents
Money market funds		$	16,505			$	16,505			$	-			$	-
Funds held for clients
Money market funds			47,694				47,694				-				-
Available-for-sale securities			27,591				-				27,591				-
Total		$	91,790			$	64,199			$	27,591			$	-

		December 31, 2019
		Total Carrying Value				Quoted Prices in Active Market (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Assets:
Funds held for clients
Money market funds		$	48,500			$	48,500			$	-			$	-
Available-for-sale securities			24,136				-				24,136				-
Total		$	72,636			$	48,500			$	24,136			$	-