Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 134,672 $ 125,921
Inventories 9,170 11,257
Other current assets 2,687 4,066
Total current assets 146,529 141,244
Property and equipment, net 1,330 1,388
Goodwill 1,764 1,764
Restricted cash 2,992 2,963
Other assets 776 692
Total assets 153,391 148,051
Current liabilities:    
Accounts payable 2,085 2,145
Income taxes payable 2,464 663
Accrued commissions 13,196 13,611
Other accrued expenses 12,048 14,989
Deferred revenue 4,301 4,948
Amounts held in eWallets 20,261 19,165
Other current liabilities 1,954 1,633
Total current liabilities 56,309 57,154
Deferred Tax Liabilities, Net, Noncurrent 266 268
Long-term incentive 7,720 8,190
Total liabilities 64,295 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 March 31, 2017 and December 31, 2016 13 13
Additional paid-in capital 86,657 86,574
Retained earnings 43,992 38,548
Accumulated other comprehensive loss (996) (807)
Treasury stock, at cost; 1,637,524 and 1,692,218 shares at March 31, 2017 and December 31, 2016, respectively (40,570) (41,889)
Total stockholders’ equity 89,096 82,439
Total liabilities and stockholders’ equity $ 153,391 $ 148,051