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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 11,989 $ 12,637 [1]
Accounts receivable, net of allowance for doubtful accounts of $130 as of September 30, 2019 and $132 as of December 31, 2018 13,351 10,837 [1]
Inventory 3,903 3,775 [1]
Prepaid expenses and deposits 19,717 15,472 [1]
Prepaid domain name registry and ancillary services fees, current portion (note 11) 95,614 87,782 [1]
Income taxes recoverable 2,532 1,423 [1]
Total current assets 147,106 131,926 [1]
Prepaid domain name registry and ancillary services fees, long-term portion (note 11) 17,477 18,745 [1]
Property and equipment 72,167 48,065 [1]
Right of use operating lease asset (note 12) 11,028 [1]
Contract costs 1,398 1,390 [1]
Intangible assets (note 6) 60,066 49,395 [1]
Goodwill (note 6) 110,100 90,054
Total assets 419,342 339,575 [1]
Current liabilities:    
Accounts payable 5,440 8,445 [1]
Accrued liabilities 14,445 5,899 [1]
Customer deposits 14,920 11,919 [1]
Derivative instrument liability (note 5) 41 1,276 [1]
Deferred rent, current portion 21 [1]
Operating lease liability, current portion (note 12) 1,450 [1]
Loan payable, current portion (note 7) 18,400 [1]
Deferred revenue, current portion (note 10) 128,138 116,734 [1]
Accreditation fees payable, current portion 977 985 [1]
Income taxes payable 689 1,668 [1]
Total current liabilities 166,100 165,347 [1]
Deferred revenue, long-term portion (note 10) 26,003 26,960 [1]
Accreditation fees payable, long-term portion 224 250 [1]
Deferred rent, long-term portion 116 [1]
Operating lease liability, long-term portion (note 12) 9,107 [1]
Loan payable, long-term portion (note 7) 104,968 46,201 [1]
Deferred tax liability [1] 25,941 20,925
Stockholders' equity (note 14)    
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; 10,572,069 shares issued and outstanding as of September 30, 2019 and 10,627,988 shares issued and outstanding as of December 31, 2018 16,492 15,823 [1]
Additional paid-in capital 106 3,953 [1]
Retained earnings 70,430 60,810 [1]
Accumulated other comprehensive income (loss) (29) (810) [1]
Total stockholders' equity 86,999 79,776 [1]
Total liabilities and stockholders' equity 419,342 339,575 [1]
Commitments and contingencies (note 17)
[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.