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Note 3 - Recent Accounting Pronouncements (Tables)

6 Months Ended

Jun. 30, 2018

Notes Tables

Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]

		June 30, 2018
Consolidated Balance Sheet (Dollar amounts in thousands of U.S. dollars)		As reported				Adjustments				Balances without adoption of Topic 606
Assets
Contract costs (note 11)		$	1,354			$	(1,354	)		$	(0	)
Total assets		$	340,282			$	(1,354	)		$	338,928
Liabilities and Shareholders' Equity
Deferred tax liability (note 8)		$	19,577			$	(329	)		$	19,248
Retained earnings			51,027				(1,025	)			50,002
Total Liabilities and Shareholders' Equity		$	340,282			$	(1,354	)		$	338,928

		Three months ended, June 30, 2018												Six months ended, June 30, 2018
Consolidated Statements of Operations and Comprehensive Income (Dollar amounts in thousands of U.S. dollars)		As reported				Adjustments				Balances without adoption of Topic 606				As reported				Adjustments				Balances without adoption of Topic 606
Expenses
Sales and marketing		$	7,852			$	(25	)		$	7,827			$	16,217			$	(50	)		$	16,167
Income before provision for income taxes			4,836				25				4,861				9,763				50				9,813
Provision for income tax (note 8)			1,228				6				1,234				2,411				12				2,423
Net income for the period		$	3,608			$	19			$	3,627			$	7,352			$	38			$	7,390

		Three months ended, June 30, 2018												Six months ended, June 30, 2018
Consolidated Statements of Cash Flows (Dollar amounts in thousands of U.S. dollars)		As reported				Adjustments				Balances without adoption of Topic 606				As reported				Adjustments				Balances without adoption of Topic 606
Net income for the period		$	3,608			$	19			$	3,627			$	7,352			$	38			$	7,390
Items not involving cash
Amortization contract costs			25				(25	)			(0	)			50				(50	)			0
Deferred income taxes (recovery)			(445	)			6				(439	)			(492	)			12				(480	)
Net cash provided by operating activities		$	5,754			$	(0	)		$	5,754			$	15,327			$	-			$	15,327

X

- Definition

Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

+ References

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-Name Accounting Standards Codification
-Topic 250
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