v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 5,681,000 $ 12,534,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization [1] 3,284,000 2,960,000
Deferred income taxes [1] (32,000) (136,000)
Reserve for uncertain tax positions [1] 149,000 139,000
Non-cash share-based compensation expense (benefit) [1] 478,000 (93,000)
Change in fair value of contingent consideration [1] 82,000 0
Loss on extinguishment of debt 67,000 0
Amortization of debt issuance costs 47,000 18,000
Net changes in assets and liabilities:    
Trade accounts receivable (1,362,000) 2,321,000
Prepaid expenses and other current and noncurrent assets (2,814,000) (116,000)
Deferred contract costs, net (11,000) 257,000
Operating lease assets and liabilities, net (53,000) (38,000)
Accounts payable 157,000 33,000
Accrued expenses, wages and bonuses 668,000 1,609,000
Income taxes receivable and payable (651,000) (344,000)
Deferred revenue (183,000) (320,000)
Net cash provided by operating activities 5,507,000 18,824,000
Cash flows from investing activities:    
Purchases of property and equipment (5,996,000) (9,408,000)
Net cash used in investing activities (5,996,000) (9,408,000)
Cash flows from financing activities:    
Borrowings on notes payable 47,681,000 0
Payments on notes payable (29,446,000) (3,481,000)
Borrowings on revolving loan 28,000,000 23,500,000
Payments on revolving loan (28,003,000) (14,500,000)
Payment of debt issuance costs (135,000) 0
Payments on finance lease obligations (5,000) (15,000)
Proceeds from the exercise of share-based awards 132,000 0
Payment of payroll tax withholdings on share-based awards exercised 0 (317,000)
Payment of acquisition contingent consideration (280,000) 0
Repurchase of shares for treasury (10,910,000) (14,999,000)
Payment of dividends on common stock (5,504,000) (5,772,000)
Net cash provided by (used in) financing activities 1,530,000 (15,584,000)
Change in cash and cash equivalents 1,041,000 (6,168,000)
Cash and cash equivalents at beginning of period 4,233,000 6,653,000
Cash and cash equivalents at end of period 5,274,000 485,000
Supplemental disclosure of cash paid for:    
Interest expense, net of capitalized amounts 1,740,000 1,090,000
Income taxes 3,156,000 4,323,000
Supplemental disclosure of non-cash investing and financing activities:    
Stock tendered to the Company for cashless exercise of stock options in connection with equity incentive plans 0 1,752,000
Purchase of property and equipment in accounts payable and accrued expenses 2,607,000 1,083,000
Repurchase of shares for treasury in accounts payable and accrued expenses 138,000 152,000
Debt extinguished with new debt 34,396,000 0
Noncash borrowings on long-term debt for accrued interest and debt issuance costs $ 351,000 $ 0
[1] Other significant expenses are also included within the team expenses captions such as associate and other operating expenses.