Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 136,261 $ 125,921
Inventories 9,804 11,257
Other current assets 3,638 4,066
Total current assets 149,703 141,244
Property and equipment, net 1,292 1,388
Goodwill 1,764 1,764
Restricted cash 3,039 2,963
Other assets 768 692
Total assets 156,566 148,051
Current liabilities:    
Accounts payable 2,371 2,145
Income taxes payable 4,971 663
Accrued commissions 12,666 13,611
Other accrued expenses 10,366 14,989
Deferred revenue 3,994 4,948
Amounts held in eWallets 18,713 19,165
Other current liabilities 1,622 1,633
Total current liabilities 54,703 57,154
Deferred Tax Liabilities, Net, Noncurrent 285 268
Long-term incentive 7,179 8,190
Total liabilities 62,167 65,612
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.001 par value; 50,000,000 shares authorized; 12,979,414 shares issued at June 30, 2017 and December 31, 2016 13 13
Additional paid-in capital 86,665 86,574
Retained earnings 49,198 38,548
Accumulated other comprehensive loss (907) (807)
Treasury stock, at cost; 1,637,524 and 1,692,218 shares at June 30, 2017 and December 31, 2016, respectively (40,570) (41,889)
Total stockholders’ equity 94,399 82,439
Total liabilities and stockholders’ equity $ 156,566 $ 148,051