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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Thousands, $ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 23,166 $ 30,317
Accounts receivable, net of allowance for credit losses of $5,108 and $4,787 at March 31, 2024 and December 31, 2023, respectively 15,074 14,202
Inventory 205 155
Prepaid expenses and other current assets 4,187 3,471
Total current assets before funds held for clients 42,632 48,145
Funds held for clients 239,808 219,075
Total current assets 282,440 267,220
Property and equipment, net 15,822 14,517
Goodwill 86,011 86,011
Intangible assets, net 70,960 62,082
Operating lease assets, net 4,674 4,991
Other assets, net 9,431 9,047
Total assets 469,338 443,868
Current liabilities:    
Current portion of notes payable 23 27
Accounts payable 1,610 2,570
Accrued compensation and benefits 3,399 6,519
Operating lease liabilities, current 1,510 1,490
Other accrued liabilities 7,170 3,862
Deferred revenue 3,547 6,853
Total current liabilities before client fund obligations 17,259 21,321
Client fund obligations 241,141 220,019
Total current liabilities 258,400 241,340
Long-term liabilities:    
Deferred revenue 960 16
Deferred tax liability 1,751 1,728
Notes payable, net of current portion 5,256 4,282
Operating lease liabilities, noncurrent 4,281 4,638
Other liabilities 1,015 209
Total long-term liabilities 13,263 10,873
Total liabilities 271,663 252,213
Stockholders’ equity:    
Preferred stock, $0.01 par value; 1,500 shares authorized; none issued or outstanding 0 0
Common stock, $0.01 par value; 44,000 shares authorized; 25,749 and 25,382 shares issued, 25,749 and 24,998 shares outstanding at March 31, 2024 and December 31, 2023, respectively 258 254
Treasury stock at cost, zero(1) and $384 shares at March 31, 2024 and December 31, 2023, respectively 0 (5,017)
Additional paid-in capital 494,537 487,973
Accumulated deficit (295,761) (290,440)
Accumulated other comprehensive loss (1,359) (1,115)
Total stockholders’ equity 197,675 191,655
Total liabilities and stockholders’ equity $ 469,338 $ 443,868
Common stock, shares authorized 44,000 44,000
Treasury Stock, Common, Shares 0 384