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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 12,003 $ 12,637 [1]
Accounts receivable, net of allowance for doubtful accounts of $132 as of June 30, 2019 and $132 as of December 31, 2018 11,588 10,837 [1]
Inventory 3,259 3,775 [1]
Prepaid expenses and deposits 19,455 15,472 [1]
Derivative instrument asset, current portion (note 6) 140
Prepaid domain name registry and ancillary services fees, current portion (note 12) 97,788 87,782 [1]
Other assets (note 4) 2,501
Income taxes recoverable 3,208 1,423 [1]
Total current assets 149,942 131,926 [1]
Prepaid domain name registry and ancillary services fees, long-term portion (note 12) 18,060 18,745 [1]
Property and equipment 64,010 48,065 [1]
Right of use operating lease asset (note 13) 11,395
Contract costs 1,337 1,390 [1]
Intangible assets (note 7) 59,451 49,395 [1]
Goodwill (note 7) 110,093 90,054
Total assets 414,288 339,575 [1]
Current liabilities:    
Accounts payable 7,590 8,445 [1]
Accrued liabilities 10,789 5,899 [1]
Customer deposits 13,526 11,919 [1]
Derivative instrument liability (note 6) 1,276 [1]
Deferred rent, current portion 21 [1]
Operating lease liability, current portion (note 13) 1,496
Loan payable, current portion (note 8) 18,400 [1]
Deferred revenue, current portion (note 11) 130,499 116,734 [1]
Accreditation fees payable, current portion 1,038 985 [1]
Income taxes payable 797 1,668 [1]
Total current liabilities 165,735 165,347 [1]
Deferred revenue, long-term portion (note 11) 26,720 26,960 [1]
Accreditation fees payable, long-term portion 231 250 [1]
Deferred rent, long-term portion 116 [1]
Operating lease liability, long-term portion (note 13) 9,482
Loan payable, long-term portion (note 8) 99,901 46,201 [1]
Deferred tax liability [1] 25,218 20,925
Stockholders' equity (note 15)    
Preferred stock - no par value, 1,250,000 shares authorized; none issued and outstanding 0 0 [1]
Common stock - no par value, 250,000,000 shares authorized; 10,663,462 shares issued and outstanding as of June 30, 2019 and 10,627,988 shares issued and outstanding as of December 31, 2018 16,461 15,823 [1]
Additional paid-in capital 4,195 3,953 [1]
Retained earnings 66,225 60,810 [1]
Accumulated other comprehensive income (loss) 120 (810) [1]
Total stockholders' equity 87,001 79,776 [1]
Total liabilities and stockholders' equity 414,288 339,575 [1]
Commitments and contingencies (note 18)
[1] The Company has initially applied ASC 2016-02 (Topic 842) using the modified retrospective method. Under this method, the comparative information is not restated.