v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Activities    
Net income (loss) $ 10,834 $ 3,035
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 145 158
Stock-based compensation 1,030 539
(Gain) loss on real estate ventures (138) (18)
Gain (loss) on equity investments (4,696) 0
Deferred income taxes 2,548 962
Accrued interest income (17) (73)
(Gain) loss on disposal of fixed assets 0 2
(Gain) loss on deferred compensation plan (7) 8
Changes in operating assets and liabilities:    
Accounts receivable 2,310 874
Prepaid expenses and other current assets (7) (416)
Accrued personnel costs (4,096) (2,715)
Accounts payable and accrued liabilities 116 108
Deferred compensation plan liabilities 361 305
Other assets and liabilities (19) (2)
Net cash provided by (used in) operating activities 8,364 2,767
Investing Activities    
Capitalized expenses for real estate ventures (11,857) (10)
Distributions from real estate ventures 164 2
Equity investments (1,500) 0
Purchase of deferred compensation plan securities (463) (397)
Proceeds from sales of deferred compensation plan securities 57 41
Purchase of fixed assets (88) (189)
Net cash provided by (used in) investing activities (13,687) (553)
Financing Activities    
Proceeds from issuance of common stock related to equity awards 165 86
Payment of taxes related to the net share settlement of equity awards (790) (578)
Net cash provided by (used in) financing activities (625) (492)
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Excluding Exchange Rate Effect, Including Discontinued Operation, Total (5,948) 1,722
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation, Beginning Balance 31,282 28,761
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation, Ending Balance 25,334 30,483
Supplemental Cash Flow Information    
Interest 247 401
Income taxes $ 0 $ 0