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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 7,145 $ 6,344
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 558 945
Stock-based compensation 783 828
Deferred income tax (27) (38)
Loss on long-lived assets 0 10
Net foreign currency effect (11) (33)
Net recoveries of accounts receivable and refund reserves (7) (829)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (385) 3,888
Prepaid income taxes (327) 1,017
Prepaid expenses and other 533 2,485
Accounts payable 714 (2,393)
Merchant payables (3,779) (8,604)
Accrued expenses and other 526 (86)
Deferred revenue 1,173 463
Income tax payable 278 234
Other liabilities, net 753 1,419
Net cash provided by operating activities 7,927 5,650
Cash flows from investing activities:    
Proceeds from repayment of note receivable 0 113
Purchases of property and equipment (83) (157)
Net cash used in investing activities (83) (44)
Cash flows from financing activities:    
Repurchase of common stock (10,422) (4,870)
Exercise of stock options, net of taxes paid for net share settlement (257) (299)
Net cash used in financing activities (10,679) (5,169)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (311) 382
Net increase (decrease) in cash, cash equivalents and restricted cash (3,146) 819
Cash, cash equivalents and restricted cash at beginning of period 16,389 19,378
Cash, cash equivalents and restricted cash at end of period 13,243 20,197
Supplemental disclosure of cash flow information:    
Cash paid (refund) for income taxes, net 1,206 (494)
Right-of-use assets obtained in exchange for lease obligations—operating leases 646 0
Cash paid for amounts included in the measurement of lease liabilities 1,689 1,725
Non-cash investing and financing activities:    
Accrued excise tax for share repurchases $ 102 $ 0