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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 10,401 $ 8,744
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 737 1,417
Stock-based compensation 1,239 1,187
Deferred income tax (39) (111)
Loss on long-lived assets 0 10
Net foreign currency effect (165) 53
Recoveries of (loss on) accounts receivable and refund reserves 121 (944)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (258) 3,317
Prepaid income taxes (461) 1,128
Prepaid expenses and other 464 2,232
Accounts payable 430 (1,704)
Merchant payables (3,348) (8,757)
Accrued expenses and other 372 (20)
Deferred revenue 1,790 594
Income tax payable 593 293
Other liabilities, net 1,381 1,854
Net cash provided by operating activities 13,257 9,293
Cash flows from investing activities:    
Proceeds from repayment of note receivable 0 113
Purchases of property and equipment (129) (217)
Net cash used in investing activities (129) (104)
Cash flows from financing activities:    
Repurchase of common stock (16,605) (11,766)
Exercise of stock options, net of taxes paid for net share settlement (592) (299)
Net cash used in financing activities (17,197) (12,065)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (214) 80
Net decrease in cash, cash equivalents and restricted cash (4,283) (2,796)
Cash, cash equivalents and restricted cash at beginning of period 16,389 19,378
Cash, cash equivalents and restricted cash at end of period 12,106 16,582
Supplemental disclosure of cash flow information:    
Cash paid (refund) for income taxes, net 1,472 (228)
Right-of-use assets obtained in exchange for lease obligations—operating leases 1,273 512
Cash paid for amounts included in the measurement of lease liabilities 2,547 2,499
Non-cash investing and financing activities:    
Accrued excise tax for share repurchases $ 160 $ 0