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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 12,637 $ 18,049 [1],[2]
Accounts receivable, net of allowance for doubtful accounts of $132 as of December 31, 2018 and $168 as of December 31, 2017 10,837 12,376 [2]
Inventory 3,775 2,944 [2]
Prepaid expenses and deposits 15,472 14,186 [2]
Prepaid domain name registry and ancillary services fees, current portion (note 11 (b)) 87,782 103,302 [2]
Income taxes recoverable 1,423 3,004 [2]
Total current assets 131,926 153,861 [2]
Prepaid domain name registry and ancillary services fees, long-term portion (note 11 (b)) 18,745 23,701 [2]
Property and equipment 48,065 24,620 [2]
Contract costs (note 11 (a)) 1,390 [2]
Intangible assets (note 5) 49,395 58,414 [2]
Goodwill (note 5) 90,054 90,054
Total assets 339,575 350,650 [2]
Current liabilities:    
Accounts payable 8,445 7,026 [2]
Accrued liabilities 5,899 6,412 [2]
Customer deposits 11,919 15,255 [2]
Derivative instrument liability (note 7) 1,276 [2]
Deferred rent, current portion 21 21 [2]
Loan payable, current portion (note 8) 18,400 18,290 [2]
Deferred revenue, current portion 116,734 129,155 [2]
Accreditation fees payable, current portion 985 1,175 [2]
Income taxes payable (note 9) 1,668 1,226 [2]
Total current liabilities 165,347 178,560 [2]
Deferred revenue, long-term portion 26,960 31,427 [2]
Accreditation fees payable, long-term portion 250 289 [2]
Deferred rent, long-term portion 116 130 [2]
Loan payable, long-term portion (note 8) 46,201 58,634 [2]
Deferred gain 429 [2]
Deferred tax liability (note 9) [2] 20,925 19,834
Redeemable non-controlling interest (note 3 (a)) 1,136 [2]
Stockholders' equity (note 12)    
Preferred stock - no par value, 1,250,000 shares authorized; none issued and outstanding 0 0 [2]
Common stock - no par value, 250,000,000 shares authorized; 10,627,988 shares issued and outstanding as of December 31, 2018 and 10,583,879 shares issued and outstanding as of December 31, 2017 15,823 15,368 [2]
Additional paid-in capital 3,953 2,167 [2]
Retained earnings 60,810 42,676 [2]
Accumulated other comprehensive income (loss) (810) [2]
Total stockholders' equity 79,776 60,211 [2]
Total liabilities and stockholders' equity 339,575 350,650 [2]
Commitments and contingencies (note 17)
[1] The Company has initially applied ASC 2014-09 (Topic 606) using the modified retrospective method. Under this method, the comparative information is not restated.
[2] The Company has initially applied ASC 2014-09 (Topic 606) using the modified retrospective method. Under this method, the comparative information is not restated.