National Research (NRC) 10-Q 8 Aug 24 2024 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2024	Jul. 26, 2024
Document Information [Line Items]
Entity Central Index Key	0000070487
Entity Registrant Name	National Research Corporation
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	001-35929
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	47-0634000
Entity Address, Address Line One	1245 Q Street
Entity Address, City or Town	Lincoln
Entity Address, State or Province	NE
Entity Address, Postal Zip Code	68508
City Area Code	402
Local Phone Number	475-2525
Title of 12(b) Security	Common Stock, $.001 par value
Trading Symbol	NRC
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		23,871,257

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 485	$ 6,653
Trade accounts receivable	10,057	12,378
Prepaid expenses	4,916	4,228
Income taxes receivable	283	161
Other current assets	1,209	940
Total current assets	16,950	24,360
Property and equipment, net	33,741	28,205
Intangible assets, net	1,401	1,471
Goodwill	61,614	61,614
Operating lease right-of-use assets	1,806	2,060
Deferred contract costs, net	1,196	1,453
Other Assets, Noncurrent	2,391	3,274
Total assets	119,099	122,437
Current liabilities:
Current portion of notes payable, net of unamortized debt issuance costs	7,566	7,214
Line of credit	9,000	0
Accounts payable	1,239	1,301
Accrued wages and bonuses	4,370	3,953
Accrued expenses	5,436	4,893
Dividends payable	2,865	2,906
Deferred revenue	14,514	14,834
Income taxes payable	0	222
Other current liabilities	738	880
Total current liabilities	45,728	36,203
Notes payable, net of current portion and unamortized debt issuance costs	25,655	29,470
Deferred income taxes	4,003	4,139
Other long-term liabilities	3,515	3,670
Total liabilities	78,901	73,482
Shareholders’ equity:
Preferred stock, $0.01 par value, authorized 2,000,000 shares, none issued	0	0
Common stock, $0.001 par value; authorized 110,000,000 shares, issued 31,072,144 in 2024 and 31,002,919 in 2023, outstanding 23,871,257 in 2024 and 24,219,887 in 2023	31	31
Additional paid-in capital	179,872	178,213
Retained earnings (accumulated deficit)	(23,726)	(30,530)
Treasury stock, at cost; 7,200,887 Common shares in 2024 and 6,783,032 Common shares in 2023	(115,979)	(98,759)
Total shareholders’ equity	40,198	48,955
Total liabilities and shareholders’ equity	$ 119,099	$ 122,437

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Allowance for doubtful accounts	$ 50	$ 75
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	2,000,000	2,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	110,000,000	110,000,000
Common stock, shares issued (in shares)	31,072,144	31,002,919
Common stock, shares outstanding (in shares)	23,871,257	24,219,887
Treasury Stock, Shares (in shares)	7,200,887	6,783,032

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenue	$ 35,021	$ 36,161	$ 70,334	$ 72,634
Operating expenses:
Direct	13,422	13,309	27,278	27,589
Selling, general and administrative	11,221	11,966	22,471	23,750
Depreciation and amortization	1,513	1,521	2,960	2,915
Total operating expenses	26,156	26,796	52,709	54,254
Operating income	8,865	9,365	17,625	18,380
Other income (expense):
Interest income	25	273	69	523
Interest expense	(555)	(192)	(1,160)	(433)
Other, net	(11)	(2)	(16)	(15)
Total other income (expense)	(541)	79	(1,107)	75
Income before income taxes	8,324	9,444	16,518	18,455
Provision for income taxes	2,149	2,171	3,984	4,219
Net income	$ 6,175	$ 7,273	$ 12,534	$ 14,236
Earnings Per Share of Common Stock:
Basic Earnings Per Share (in dollars per share)	$ 0.26	$ 0.3	$ 0.53	$ 0.58
Diluted Earnings Per Share (in dollars per share)	$ 0.26	$ 0.29	$ 0.52	$ 0.58
Weighted average shares and share equivalents outstanding:
Basic (in shares)	23,871	24,578	23,870	24,582
Diluted (in shares)	23,915	24,716	23,934	24,727

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock, Common [Member]	Total
Balances at Dec. 31, 2022	$ 31	$ 175,453	$ (25,184)	$ (78,267)	$ 72,033
Purchase of shares treasury stock	0	0	0	(1,983)	(1,983)
Issuance of shares of common stock for the exercise of stock options	0	300	0	0	300
Non-cash stock compensation (benefit)	0	304	0	0	304
Dividends declared	0	0	(2,953)	0	(2,953)
Net income	0	0	6,964	0	6,964
Balances at Mar. 31, 2023	31	176,057	(21,173)	(80,250)	74,665
Balances at Dec. 31, 2022	31	175,453	(25,184)	(78,267)	72,033
Net income					14,236
Balances at Jun. 30, 2023	31	176,646	(16,849)	(82,078)	77,750
Balances at Mar. 31, 2023	31	176,057	(21,173)	(80,250)	74,665
Purchase of shares treasury stock	0	0	0	(1,828)	(1,828)
Issuance of shares of common stock for the exercise of stock options	0	284	0	0	284
Non-cash stock compensation (benefit)	0	305	0	0	305
Dividends declared	0	0	(2,949)	0	(2,949)
Net income	0	0	7,273	0	7,273
Balances at Jun. 30, 2023	31	176,646	(16,849)	(82,078)	77,750
Balances at Dec. 31, 2023	31	178,213	(30,530)	(98,759)	48,955
Purchase of shares treasury stock	0	0	0	(17,220)	(17,220)
Issuance of shares of common stock for the exercise of stock options	0	1,752	0	0	1,752
Non-cash stock compensation (benefit)	0	(36)	0	0	(36)
Dividends declared	0	0	(2,865)	0	(2,865)
Net income	0	0	6,359	0	6,359
Balances at Mar. 31, 2024	31	179,929	(27,036)	(115,979)	36,945
Balances at Dec. 31, 2023	31	178,213	(30,530)	(98,759)	48,955
Net income					12,534
Balances at Jun. 30, 2024	31	179,872	(23,726)	(115,979)	40,198
Balances at Mar. 31, 2024	31	179,929	(27,036)	(115,979)	36,945
Non-cash stock compensation (benefit)	0	(57)	0	0	(57)
Dividends declared	0	0	(2,865)	0	(2,865)
Net income	0	0	6,175	0	6,175
Balances at Jun. 30, 2024	$ 31	$ 179,872	$ (23,726)	$ (115,979)	$ 40,198

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023
Purchase of shares of treasury stock (in shares)		417,855	43,723	49,296
Shares of common stock for the exercise of stock options (in shares)		75,283	20,000	20,938
Common Stock, Dividends, Per Share, Declared	$ 0.12	$ 0.12	$ 0.12	$ 0.12

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net income	$ 12,534,000	$ 14,236,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	2,960,000	2,915,000
Deferred income taxes	(136,000)	(750,000)
Reserve for uncertain tax positions	139,000	229,000
Non-cash share-based compensation expense	(93,000)	609,000
Net changes in assets and liabilities:
Trade accounts receivable	2,321,000	2,570,000
Prepaid expenses and other current assets	(116,000)	(3,859,000)
Deferred contract costs, net	257,000	497,000
Operating lease assets and liabilities, net	(38,000)	(64,000)
Accounts payable	33,000	513,000
Accrued expenses, wages and bonuses	1,627,000	(459,000)
Income taxes receivable and payable	(344,000)	521,000
Deferred revenue	(320,000)	(370,000)
Net cash provided by operating activities	18,824,000	16,588,000
Cash flows from investing activities:
Proceeds from sale of equipment	0	1,000
Purchases of property and equipment	(9,408,000)	(7,539,000)
Net cash used in investing activities	(9,408,000)	(7,538,000)
Cash flows from financing activities:
Payments on notes payable	(3,481,000)	(2,236,000)
Borrowings on line of credit	23,500,000	0
Payments on line of credit	(14,500,000)	0
Payments on finance lease obligations	(15,000)	(230,000)
Proceeds from the exercise of share-based awards	0	584,000
Payment of payroll tax withholdings on share-based awards exercised	(317,000)	0
Repurchase of shares for treasury	(14,999,000)	(3,791,000)
Payment of dividends on common stock	(5,772,000)	(5,907,000)
Net cash used in financing activities	(15,584,000)	(11,580,000)
Effect of exchange rate changes on cash and cash equivalents	0	0
Change in cash and cash equivalents	(6,168,000)	(2,530,000)
Cash and cash equivalents at beginning of period	6,653,000	25,026,000
Cash and cash equivalents at end of period	485,000	22,496,000
Supplemental disclosure of cash paid for:
Interest expense, net of capitalized amounts	1,090,000	647,000
Income taxes	4,323,000	4,219,000
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	1,752,000	0
Purchase of property and equipment in accounts payable and accrued expenses	1,083,000	1,777,000
Repurchase of shares for treasury in accounts payable and accrued expenses	$ 152,000	$ 21,000

Note 1 - Summary of Significant

Note 1 - Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Significant Accounting Policies [Text Block]	( 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Description of business and basis of presentation National Research Corporation, doing business as NRC Health (“NRC Health,” the “Company,” “we,” “our,” “us” or similar terms), is a leading provider of analytics and insights that facilitate measurement and improvement of the patient and employee experience while also increasing patient engagement and customer loyalty for healthcare organizations in the United States. Our purpose is to humanize healthcare and support organizations in their understanding of each person they serve not Our condensed consolidated balance sheet at December 31, 2023 Information and footnote disclosures included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto that are included in our Form 10 December 31, 2023, February 27, 2024. The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. The condensed consolidated financial statements include the accounts of the Company and our wholly-owned subsidiary, National Research Corporation Canada. All significant intercompany transactions and balances have been eliminated. Our Canadian subsidiary used Canadian dollars as its functional currency. We translated its assets and liabilities into U.S. dollars at the exchange rate in effect at the balance sheet date. We translated its revenue and expenses at the average exchange rate during the period. During December 2022, three June 30, 2024 Revenue Recognition We derive a majority of our revenues from our annually renewable subscription-based service agreements with our customers, which include performance measurement and improvement services, healthcare analytics and governance education services. Such agreements are generally cancelable on short or no 2 ● Identify the contract, or contracts, with a customer; ● Identify the performance obligations in the contract; ● Determine the transaction price; ● Allocate the transaction price to the identified performance obligations; and ● Recognize revenue when, or as, we satisfy the performance obligations. Our revenue arrangements with a client may one may one one not not Our arrangements with customers consist principally of four 1 2 one 3 4 Subscription-based services - twelve may One-time services one Fixed, non-subscription services Unit-price services Revenue is presented net of any sales tax charged to our clients that we are required to remit to taxing authorities. We recognize contract assets or unbilled receivables related to revenue recognized for services completed but not Deferred Contract Costs Deferred contract costs, net is stated at gross deferred costs less accumulated amortization. We defer commissions and incentives, including payroll taxes, and certain implementation costs if they are incremental and recoverable costs of obtaining a renewable customer contract. Deferred contract costs are amortized over the estimated term of the contract, including renewals, which generally ranges from three five one three June 30, 2024 2023, six June 30, 2024 2023, June 30, 2024 December 31, 2023, June 30, 2024 2023 Three months ended Three months ended Six months ended Six months ended (In thousands) Direct Expenses $ 31 $ 43 $ 98 $ 78 Selling, general and administrative expenses 224 312 436 638 Total amortization $ 255 $ 355 $ 534 $ 716 Additional expense included in selling, general and administrative expenses for impairment of costs capitalized due to lost clients was $7,000 for the three June 30, 2023 six June 30, 2024 2023, three June 30, 2024. Trade Accounts Receivable Trade accounts receivable are recorded at the invoiced amount. The allowance for doubtful accounts is our best estimate of the amount of probable credit losses in our existing accounts receivable, determined based on our historical write-off experience, current economic conditions and reasonable and supportable forecasts about the future. We review the allowance for doubtful accounts monthly. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. The following table provides the activity in the allowance for doubtful accounts for the six June 30, 2024 2023 Balance at Beginning of Period Bad Debt Expense (Benefit) Write-offs Recoveries Balance at End of Period Six months ended June 30, 2024 $ 75 $ (65 ) $ 9 $ 49 $ 50 Six months ended June 30, 2023 $ 65 $ 113 $ 81 $ 3 $ 100 Leases We determine whether a lease is included in an agreement at inception. We recognize a lease liability and a right-of-use (“ROU”) asset on the balance sheet for our operating leases under which we are lessee. Operating lease ROU assets are included in operating lease right-of-use assets in our condensed consolidated balance sheet. Finance lease assets are included in property and equipment. Operating and finance lease liabilities are included in other current liabilities and other long-term liabilities. Certain lease arrangements may not ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments during the lease term. ROU assets and lease liabilities are recorded at lease commencement based on the estimated present value of lease payments. Because the rate of interest implicit in each lease is not Due to remote working arrangements, we reassessed our office needs and subleased our Seattle location under an agreement considered to be an operating lease beginning in May 2021. not Fair Value Measurements Our valuation techniques are based on maximizing observable inputs and minimizing the use of unobservable inputs when measuring fair value. Observable inputs reflect readily obtainable data from independent sources, while unobservable inputs reflect our market assumptions. The inputs are then classified into the following hierarchy: ( 1 1 2 2 1 not 3 3 The following details our financial assets within the fair value hierarchy at June 30, 2024 December 31, 2023: Level 1 Level 2 Level 3 Total (In thousands) As of June 30, 2024 Money Market Funds $ 332 $ - $ - $ 332 Total Cash Equivalents $ 332 $ - $ - $ 332 As of December 31, 2023 Money Market Funds $ 6,471 $ - $ - $ 6,471 Total Cash Equivalents $ 6,471 $ - $ - $ 6,471 There were no six June 30, 2024. Our long-term debt described in Note 4 2 The following are the carrying amount and estimated fair values of long-term debt: June 30, December 31, 2023 (In thousands) Total carrying amount of long-term debt $ 33,305 $ 36,787 Estimated fair value of long-term debt $ 32,890 $ 36,403 The carrying amounts of accounts receivable, line of credit, accounts payable, and accrued expenses approximate their fair value. All non-financial assets that are not June 30, 2024 December 31, 2023, Annually, we consider whether the recorded goodwill and indefinite lived intangibles have been impaired. However, goodwill and intangibles must be tested between annual tests if an event occurs or circumstances change to indicate that it is more likely than not Commitments and Contingencies not June 30, 2024

Note 2 - Contracts With Custome

Note 2 - Contracts With Customers	6 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	( 2 CONTRACTS WITH CUSTOMERS The following table disaggregates revenue for the three six June 30, 2024 2023 Three months ended Six months ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Subscription services recognized ratably over time $ 33,103 $ 34,306 $ 66,374 $ 68,739 Services recognized at a point in time 855 903 2,276 2,079 Fixed, non-subscription recognized over time 936 742 1,431 1,397 Unit price services recognized over time 127 210 253 419 Total revenue $ 35,021 $ 36,161 $ 70,334 $ 72,634 The following table provides information about receivables, contract assets, and contract liabilities from contracts with customers (In thousands): June 30, 2024 December 31, 2023 Accounts receivables $ 10,057 $ 12,378 Contract assets included in other current assets $ 26 $ 84 Deferred Revenue $ 14,514 $ 14,834 Significant changes in contract assets and contract liabilities during the six June 30, 2024 2023 2024 2023 Contract Asset Deferred Revenue Contract Asset Deferred Revenue Increase (Decrease) Revenue recognized that was included in deferred revenue at beginning of year due to completion of services $ - $ (11,193 ) $ - $ (11,375 ) Increases due to invoicing of client, net of amounts recognized as revenue - 10,928 - 11,104 Decreases due to completion of services (or portion of services) and transferred to accounts receivable (79 ) - (81 ) - Change due to cumulative catch-up adjustments arising from changes in expected contract consideration - (55 ) - (99 ) Increases due to revenue recognized in the period with additional performance obligations before invoicing 21 - 44 - We have elected to apply the practical expedient to not one one June 30, 2024 2024, 2025, 2026, 2027, 2028 2029,

Note 3 - Income Taxes

Note 3 - Income Taxes	6 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Income Tax Disclosure [Text Block]	( 3 INCOME TAXES The effective tax rate for the three six June 30, 2024 2023. three six

Note 4 - Credit Agreement

Note 4 - Credit Agreement	6 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Debt Disclosure [Text Block]	( 4 CREDIT AGREEMENT Our long-term debt consists of the following: June 30, December 31, 2023 (In thousands) Term Loan $ 15,436 $ 17,787 Delayed Draw Term Loan 17,869 19,000 Less: current portion (7,566 ) (7,214 ) Less: unamortized debt issuance costs (84 ) (103 ) Notes payable, net of current portion $ 25,655 $ 29,470 Our amended and restated credit agreement (the “Credit Agreement”) with First National Bank of Omaha (“FNB”) includes (i) a $30,000,000 revolving credit facility (the “Line of Credit”), (ii) a $23,412,383 term loan (the “Term Loan”) and (iii) a $75,000,000 delayed draw-down term facility (the “Delayed Draw Term Loan” and, together with the Line of Credit and the Term Loan, the “Credit Facilities”). We may The Term Loan is payable in monthly installments of $462,988 through May 2027 Borrowings under the Delayed Draw Term Loan and Line of Credit, if any, bear interest at a floating rate equal to the 30 SOFR June 30, 2024). Principal amounts outstanding under the Line of Credit are due and payable in full at maturity, in May 2025. June 30, 2024, three six June 30, 2024 six June 30, 2023. three six June 30, 2024 Principal payments are due on the Delayed Draw Term Loan in monthly installments of $226,190 through April 2027 May 2027. June 30, 2024. We are obligated to pay ongoing unused commitment fees quarterly in arrears pursuant to the Line of Credit and the Delayed Draw Term Loan facility at a rate of 0.20% per annum based on the actual daily unused portions of the Line of Credit and the Delayed Draw Term Loan facility. The Credit Agreement is collateralized by substantially all of our assets, subject to permitted liens and other agreed exceptions, and contains customary representations, warranties, affirmative and negative covenants (including financial covenants) and events of default. The negative covenants include, among other things, restrictions regarding the incurrence of indebtedness and liens, repurchases of our common stock and acquisitions, subject in each case to certain exceptions. In June 2023, January 1, 2023, 1.10x January 1, 2023. 3.00x

Note 5 - Share-based Compensati

Note 5 - Share-based Compensation	6 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	( 5 SHARE-BASED COMPENSATION We measure and recognize compensation expense for all share-based payments based on the grant-date fair value of those awards. All of our existing stock option awards and unvested stock awards have been determined to be equity-classified awards. We account for forfeitures as they occur. We refer to our restricted stock awards as “non-vested” stock in these condensed consolidated financial statements. Our 2004 “2004 2004 not one ten three Our 2006 “2006 may Performance-Based Stock Option Awards We grant stock options to selected executives with vesting contingent upon meeting certain Company-wide performance goals. The performance goals for options issued in 2024 December 31, 2026. 2024 six six June 30, 2024. 2023. The fair value of performance-based stock options granted was estimated using a Black-Scholes valuation model with the following weighted average assumptions: 2024 Expected dividend yield at date of grant 1.44 % Expected stock price volatility 33.83 % Risk-free interest rate 4.13 % Expected life of options (in years) 4.0 The risk-free interest rate assumptions were based on the U.S. Treasury yield curve in effect at the time of the grant. The expected volatility was based on historical monthly price changes of our stock based on the expected life of the options at the date of grant. The expected life of options is the average number of years we estimate that options will be outstanding. We consider groups of associates that have similar historical exercise behavior separately for valuation purposes. The following table summarizes performance-based stock option activity under the 2006 six June 30, 2024: Number of Weighted Average Exercise Price Weighted Average Remaining Contractual Terms (Years) Aggregate Intrinsic Value (In thousands) Outstanding at December 31, 2023 - $ - Granted 404,833 $ 39.54 Exercised - $ - Forfeited - $ - Outstanding at June 30, 2024 404,833 $ 39.54 5.56 $ - Exercisable at June 30, 2024 - $ - - $ - Service-Based Stock Option Awards We also grant stock options to directors and selected executives with vesting based on specified service periods. Vesting terms vary with each grant and option awards are generally five ten six June 30, 2024 June 30, 2023, The fair value of service-based stock options granted in 2024 2024 Expected dividend yield at date of grant 1.94 % Expected stock price volatility 33.75 % Risk-free interest rate 4.50 % Expected life of options (in years) 5.0 The risk-free interest rate assumptions were based on the U.S. Treasury yield curve in effect at the time of the grant. The expected volatility was based on historical monthly price changes of our stock based on the expected life of the options at the date of grant. The expected life of options is the average number of years we estimate that options will be outstanding. We consider groups of associates that have similar historical exercise behavior separately for valuation purposes. The following table summarizes service-based stock option activity under the 2006 2004 six June 30, 2024: Number of Weighted Average Exercise Price Weighted Average Remaining Contractual Terms (Years) Aggregate Intrinsic Value (In thousands) Outstanding at December 31, 2023 569,168 $ 35.72 Granted 54,530 $ 29.76 Exercised 75,283 $ 23.27 Forfeited 56,805 $ 43.83 Outstanding at June 30, 2024 491,610 $ 36.03 5.72 $ 575 Exercisable at June 30, 2024 344,000 $ 34.50 4.66 $ 575 There was $584,000 of cash received from stock options exercised for the six June 30, 2023, six June 30, 2024. three June 30, 2024 2023, six June 30, 2024 2023, As of June 30, 2024, Non-vested Stock Awards No 2006 six June 30, 2024 2023. June 30, 2024, no three June 30, 2024 2023, six June 30, 2024 2023, 2006 six June 30, 2024: Common Stock Outstanding Weighted Average Grant Date Fair Value Per Share Outstanding at December 31, 2023 6,058 $ 42.92 Granted - - Vested - - Forfeited (6,058 ) 42.92 Outstanding at June 30, 2024 - $ -

Note 6 - Goodwill and Other Int

Note 6 - Goodwill and Other Intangible Assets	6 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	( 6 GOODWILL AND OTHER INTANGIBLE ASSETS The following represents the carrying amount of goodwill at June 30, 2024: Gross Accumulated Impairment Net (In thousands) Balance at June 30, 2024 $ 62,328 (714 ) $ 61,614 Intangible assets consisted of the following: June 30, December 31, (In thousands) Non-amortizing intangible assets: Indefinite trade name $ 1,191 $ 1,191 Amortizing intangible assets: Customer related 9,192 9,192 Technology 1,959 1,959 Trade names 1,572 1,572 Total amortizing intangible assets 12,723 12,723 Accumulated amortization (12,513 ) (12,443 ) Other intangible assets, net $ 1,401 $ 1,471

Note 7 - Property and Equipment

Note 7 - Property and Equipment	6 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	( 7 PROPERTY AND EQUIPMENT June 30, December 31, 2023 (In thousands) Property and equipment $ 72,291 $ 63,874 Accumulated depreciation 38,550 35,669 Property and equipment, net $ 33,741 $ 28,205

Note 8 - Earnings Per Share

Note 8 - Earnings Per Share	6 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Earnings Per Share [Text Block]	( 8 EARNINGS PER SHARE Basic net income per share was computed using the weighted-average shares of common stock outstanding during the period. Diluted net income per share was computed using the weighted-average shares of common stock and, if dilutive, the potential common stock outstanding during the period. Potential shares of common stock consist of the incremental common stock issuable upon the exercise of stock options and vesting of restricted stock. The dilutive effect of outstanding stock options is reflected in diluted earnings per share by application of the treasury stock method. We had 796,694 and 276,949 options of common stock for the three June 30, 2024 2023, six June 30, 2024 2023, For the Three Months Ended June 30 For the Six Months Ended June 30 2024 2023 2024 2023 (In thousands, except per share data) Numerator for net income per share – basic: Net income $ 6,175 $ 7,273 $ 12,534 $ 14,236 Allocation of distributed and undistributed income to unvested restricted stock shareholders (1 ) (4 ) (2 ) (7 ) Net income attributable to common shareholders 6,174 7,269 12,532 14,229 Denominator for net income per share – basic: Weighted average common shares outstanding – basic 23,871 24,578 23,870 24,582 Net income per share – basic $ 0.26 $ 0.30 $ 0.53 $ 0.58 Numerator for net income per share – diluted: Net income attributable to common shareholders for basic computation 6,174 7,269 12,532 14,229 Denominator for net income per share – diluted: Weighted average common shares outstanding – basic 23,871 24,578 23,870 24,582 Weighted average effect of dilutive securities – stock options 44 138 64 145 Denominator for diluted earnings per share – adjusted weighted average shares 23,915 24,716 23,934 24,727 Net income per share – diluted $ 0.26 $ 0.29 $ 0.52 $ 0.58

Note 9 - Subsequent Events

Note 9 - Subsequent Events	6 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Subsequent Events [Text Block]	9 SUBSEQUENT EVENTS On July 15, 2024, June 30, 2026. three six June 30, 2024. third 2024. not On August 5, 2024, May 2027. ten 30 SOFR ten May 2027.

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]		5. Other Information During the second 2024, no 10b5 1 10b5 1
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Revenue [Policy Text Block]	Revenue Recognition We derive a majority of our revenues from our annually renewable subscription-based service agreements with our customers, which include performance measurement and improvement services, healthcare analytics and governance education services. Such agreements are generally cancelable on short or no 2 ● Identify the contract, or contracts, with a customer; ● Identify the performance obligations in the contract; ● Determine the transaction price; ● Allocate the transaction price to the identified performance obligations; and ● Recognize revenue when, or as, we satisfy the performance obligations. Our revenue arrangements with a client may one may one one not not Our arrangements with customers consist principally of four 1 2 one 3 4 Subscription-based services - twelve may One-time services one Fixed, non-subscription services Unit-price services Revenue is presented net of any sales tax charged to our clients that we are required to remit to taxing authorities. We recognize contract assets or unbilled receivables related to revenue recognized for services completed but not
Deferred Charges, Policy [Policy Text Block]	Deferred Contract Costs Deferred contract costs, net is stated at gross deferred costs less accumulated amortization. We defer commissions and incentives, including payroll taxes, and certain implementation costs if they are incremental and recoverable costs of obtaining a renewable customer contract. Deferred contract costs are amortized over the estimated term of the contract, including renewals, which generally ranges from three five one three June 30, 2024 2023, six June 30, 2024 2023, June 30, 2024 December 31, 2023, June 30, 2024 2023 Three months ended Three months ended Six months ended Six months ended (In thousands) Direct Expenses $ 31 $ 43 $ 98 $ 78 Selling, general and administrative expenses 224 312 436 638 Total amortization $ 255 $ 355 $ 534 $ 716 Additional expense included in selling, general and administrative expenses for impairment of costs capitalized due to lost clients was $7,000 for the three June 30, 2023 six June 30, 2024 2023, three June 30, 2024.
Accounts Receivable [Policy Text Block]	Trade Accounts Receivable Trade accounts receivable are recorded at the invoiced amount. The allowance for doubtful accounts is our best estimate of the amount of probable credit losses in our existing accounts receivable, determined based on our historical write-off experience, current economic conditions and reasonable and supportable forecasts about the future. We review the allowance for doubtful accounts monthly. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. The following table provides the activity in the allowance for doubtful accounts for the six June 30, 2024 2023 Balance at Beginning of Period Bad Debt Expense (Benefit) Write-offs Recoveries Balance at End of Period Six months ended June 30, 2024 $ 75 $ (65 ) $ 9 $ 49 $ 50 Six months ended June 30, 2023 $ 65 $ 113 $ 81 $ 3 $ 100
Lessee, Leases [Policy Text Block]	Leases We determine whether a lease is included in an agreement at inception. We recognize a lease liability and a right-of-use (“ROU”) asset on the balance sheet for our operating leases under which we are lessee. Operating lease ROU assets are included in operating lease right-of-use assets in our condensed consolidated balance sheet. Finance lease assets are included in property and equipment. Operating and finance lease liabilities are included in other current liabilities and other long-term liabilities. Certain lease arrangements may not ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments during the lease term. ROU assets and lease liabilities are recorded at lease commencement based on the estimated present value of lease payments. Because the rate of interest implicit in each lease is not Due to remote working arrangements, we reassessed our office needs and subleased our Seattle location under an agreement considered to be an operating lease beginning in May 2021. not
Fair Value Measurement, Policy [Policy Text Block]	Fair Value Measurements Our valuation techniques are based on maximizing observable inputs and minimizing the use of unobservable inputs when measuring fair value. Observable inputs reflect readily obtainable data from independent sources, while unobservable inputs reflect our market assumptions. The inputs are then classified into the following hierarchy: ( 1 1 2 2 1 not 3 3 The following details our financial assets within the fair value hierarchy at June 30, 2024 December 31, 2023: Level 1 Level 2 Level 3 Total (In thousands) As of June 30, 2024 Money Market Funds $ 332 $ - $ - $ 332 Total Cash Equivalents $ 332 $ - $ - $ 332 As of December 31, 2023 Money Market Funds $ 6,471 $ - $ - $ 6,471 Total Cash Equivalents $ 6,471 $ - $ - $ 6,471 There were no six June 30, 2024. Our long-term debt described in Note 4 2 The following are the carrying amount and estimated fair values of long-term debt: June 30, December 31, 2023 (In thousands) Total carrying amount of long-term debt $ 33,305 $ 36,787 Estimated fair value of long-term debt $ 32,890 $ 36,403 The carrying amounts of accounts receivable, line of credit, accounts payable, and accrued expenses approximate their fair value. All non-financial assets that are not June 30, 2024 December 31, 2023, Annually, we consider whether the recorded goodwill and indefinite lived intangibles have been impaired. However, goodwill and intangibles must be tested between annual tests if an event occurs or circumstances change to indicate that it is more likely than not
Commitments and Contingencies, Policy [Policy Text Block]	Commitments and Contingencies not June 30, 2024

Note 1 - Summary of Significa_2

Note 1 - Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2024
Notes Tables
Amortization of Capitalized Contract Cost [Table Text Block]	Three months ended Three months ended Six months ended Six months ended (In thousands) Direct Expenses $ 31 $ 43 $ 98 $ 78 Selling, general and administrative expenses 224 312 436 638 Total amortization $ 255 $ 355 $ 534 $ 716
Financing Receivable, Allowance for Credit Loss [Table Text Block]	Balance at Beginning of Period Bad Debt Expense (Benefit) Write-offs Recoveries Balance at End of Period Six months ended June 30, 2024 $ 75 $ (65 ) $ 9 $ 49 $ 50 Six months ended June 30, 2023 $ 65 $ 113 $ 81 $ 3 $ 100
Fair Value, by Balance Sheet Grouping [Table Text Block]	Level 1 Level 2 Level 3 Total (In thousands) As of June 30, 2024 Money Market Funds $ 332 $ - $ - $ 332 Total Cash Equivalents $ 332 $ - $ - $ 332 As of December 31, 2023 Money Market Funds $ 6,471 $ - $ - $ 6,471 Total Cash Equivalents $ 6,471 $ - $ - $ 6,471 June 30, December 31, 2023 (In thousands) Total carrying amount of long-term debt $ 33,305 $ 36,787 Estimated fair value of long-term debt $ 32,890 $ 36,403

Note 2 - Contracts With Custo_2

Note 2 - Contracts With Customers (Tables)	6 Months Ended
	Jun. 30, 2024
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three months ended Six months ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Subscription services recognized ratably over time $ 33,103 $ 34,306 $ 66,374 $ 68,739 Services recognized at a point in time 855 903 2,276 2,079 Fixed, non-subscription recognized over time 936 742 1,431 1,397 Unit price services recognized over time 127 210 253 419 Total revenue $ 35,021 $ 36,161 $ 70,334 $ 72,634
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	June 30, 2024 December 31, 2023 Accounts receivables $ 10,057 $ 12,378 Contract assets included in other current assets $ 26 $ 84 Deferred Revenue $ 14,514 $ 14,834 2024 2023 Contract Asset Deferred Revenue Contract Asset Deferred Revenue Increase (Decrease) Revenue recognized that was included in deferred revenue at beginning of year due to completion of services $ - $ (11,193 ) $ - $ (11,375 ) Increases due to invoicing of client, net of amounts recognized as revenue - 10,928 - 11,104 Decreases due to completion of services (or portion of services) and transferred to accounts receivable (79 ) - (81 ) - Change due to cumulative catch-up adjustments arising from changes in expected contract consideration - (55 ) - (99 ) Increases due to revenue recognized in the period with additional performance obligations before invoicing 21 - 44 -

Note 4 - Credit Agreement (Tabl

Note 4 - Credit Agreement (Tables)	6 Months Ended
	Jun. 30, 2024
Notes Tables
Schedule of Debt [Table Text Block]	June 30, December 31, 2023 (In thousands) Term Loan $ 15,436 $ 17,787 Delayed Draw Term Loan 17,869 19,000 Less: current portion (7,566 ) (7,214 ) Less: unamortized debt issuance costs (84 ) (103 ) Notes payable, net of current portion $ 25,655 $ 29,470

Note 5 - Share-based Compensa_2

Note 5 - Share-based Compensation (Tables)	6 Months Ended
	Jun. 30, 2024
Notes Tables
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	2024 Expected dividend yield at date of grant 1.44 % Expected stock price volatility 33.83 % Risk-free interest rate 4.13 % Expected life of options (in years) 4.0 2024 Expected dividend yield at date of grant 1.94 % Expected stock price volatility 33.75 % Risk-free interest rate 4.50 % Expected life of options (in years) 5.0
Share-Based Payment Arrangement, Option, Activity [Table Text Block]	Number of Weighted Average Exercise Price Weighted Average Remaining Contractual Terms (Years) Aggregate Intrinsic Value (In thousands) Outstanding at December 31, 2023 - $ - Granted 404,833 $ 39.54 Exercised - $ - Forfeited - $ - Outstanding at June 30, 2024 404,833 $ 39.54 5.56 $ - Exercisable at June 30, 2024 - $ - - $ - Number of Weighted Average Exercise Price Weighted Average Remaining Contractual Terms (Years) Aggregate Intrinsic Value (In thousands) Outstanding at December 31, 2023 569,168 $ 35.72 Granted 54,530 $ 29.76 Exercised 75,283 $ 23.27 Forfeited 56,805 $ 43.83 Outstanding at June 30, 2024 491,610 $ 36.03 5.72 $ 575 Exercisable at June 30, 2024 344,000 $ 34.50 4.66 $ 575
Schedule of Nonvested Share Activity [Table Text Block]	Common Stock Outstanding Weighted Average Grant Date Fair Value Per Share Outstanding at December 31, 2023 6,058 $ 42.92 Granted - - Vested - - Forfeited (6,058 ) 42.92 Outstanding at June 30, 2024 - $ -

Note 6 - Goodwill and Other I_2

Note 6 - Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2024
Notes Tables
Schedule of Intangible Assets and Goodwill [Table Text Block]	Gross Accumulated Impairment Net (In thousands) Balance at June 30, 2024 $ 62,328 (714 ) $ 61,614 June 30, December 31, (In thousands) Non-amortizing intangible assets: Indefinite trade name $ 1,191 $ 1,191 Amortizing intangible assets: Customer related 9,192 9,192 Technology 1,959 1,959 Trade names 1,572 1,572 Total amortizing intangible assets 12,723 12,723 Accumulated amortization (12,513 ) (12,443 ) Other intangible assets, net $ 1,401 $ 1,471

Note 7 - Property and Equipme_2

Note 7 - Property and Equipment (Tables)	6 Months Ended
	Jun. 30, 2024
Notes Tables
Property, Plant and Equipment [Table Text Block]	June 30, December 31, 2023 (In thousands) Property and equipment $ 72,291 $ 63,874 Accumulated depreciation 38,550 35,669 Property and equipment, net $ 33,741 $ 28,205

Note 8 - Earnings Per Share (Ta

Note 8 - Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2024
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the Three Months Ended June 30 For the Six Months Ended June 30 2024 2023 2024 2023 (In thousands, except per share data) Numerator for net income per share – basic: Net income $ 6,175 $ 7,273 $ 12,534 $ 14,236 Allocation of distributed and undistributed income to unvested restricted stock shareholders (1 ) (4 ) (2 ) (7 ) Net income attributable to common shareholders 6,174 7,269 12,532 14,229 Denominator for net income per share – basic: Weighted average common shares outstanding – basic 23,871 24,578 23,870 24,582 Net income per share – basic $ 0.26 $ 0.30 $ 0.53 $ 0.58 Numerator for net income per share – diluted: Net income attributable to common shareholders for basic computation 6,174 7,269 12,532 14,229 Denominator for net income per share – diluted: Weighted average common shares outstanding – basic 23,871 24,578 23,870 24,582 Weighted average effect of dilutive securities – stock options 44 138 64 145 Denominator for diluted earnings per share – adjusted weighted average shares 23,915 24,716 23,934 24,727 Net income per share – diluted $ 0.26 $ 0.29 $ 0.52 $ 0.58

Note 1 - Summary of Significa_3

Note 1 - Summary of Significant Accounting Policies (Details Textual) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Incremental Costs of Obtaining a Contract, Deferred During Period	$ 197,000	$ 70,000	$ 311,000	$ 233,000
Capitalized Contract Cost, Net, Noncurrent	1,196,000		1,196,000		$ 1,453,000
Capitalized Contract Cost, Impairment Loss	$ 0	$ 7,000	34,000	$ 15,000
Asset Impairment Charges			$ 0		$ 0
Minimum [Member]
Capitalized Contract Cost, Amortization Period (Year)	3 years		3 years
Maximum [Member]
Capitalized Contract Cost, Amortization Period (Year)	5 years		5 years

Note 1 - Summary of Significa_4

Note 1 - Summary of Significant Accounting Policies - Amortization Expense Classification (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Capitalized contract cost	$ 255	$ 355	$ 534	$ 716
Direct Expenses [Member]
Capitalized contract cost	31	43	98	78
Selling, General and Administrative Expenses [Member]
Capitalized contract cost	$ 224	$ 312	$ 436	$ 638

Note 1 - Summary of Significa_5

Note 1 - Summary of Significant Accounting Policies - Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Balance	$ 75	$ 65
Bad debt expense	(65)	113
Write-offs	9	81
Recoveries	49	3
Balance	$ 50	$ 100

Note 1 - Summary of Significa_6

Note 1 - Summary of Significant Accounting Policies - Fair Value of Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Total carrying amount of long-term debt	$ 33,305	$ 36,787
Estimated fair value of long-term debt	32,890	36,403
Fair Value, Recurring [Member]
Assets, fair value	332	6,471
Money Market Funds [Member] | Fair Value, Recurring [Member]
Assets, fair value	332	6,471
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Assets, fair value	332	6,471
Fair Value, Inputs, Level 1 [Member] | Money Market Funds [Member] | Fair Value, Recurring [Member]
Assets, fair value	332	6,471
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Assets, fair value	0	0
Fair Value, Inputs, Level 2 [Member] | Money Market Funds [Member] | Fair Value, Recurring [Member]
Assets, fair value	0	0
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Assets, fair value	0	0
Fair Value, Inputs, Level 3 [Member] | Money Market Funds [Member] | Fair Value, Recurring [Member]
Assets, fair value	$ 0	$ 0

Note 2 - Contracts With Custo_3

Note 2 - Contracts With Customers 1 (Details Textual) $ in Millions	Jun. 30, 2024 USD ($)
Long-Term Contract with Customer [Member]
Revenue, Remaining Performance Obligation, Amount	$ 43.8

Note 2 - Contracts With Custo_4

Note 2 - Contracts With Customers 2 (Details Textual) - Long-Term Contract with Customer [Member]	Jun. 30, 2024 USD ($)
Revenue, Remaining Performance Obligation, Amount	$ 43,800,000
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01
Revenue, Remaining Performance Obligation, Amount	$ 8,900,000
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Year)	6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue, Remaining Performance Obligation, Amount	$ 17,300,000
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Year)	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue, Remaining Performance Obligation, Amount	$ 13,700,000
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Year)	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01
Revenue, Remaining Performance Obligation, Amount	$ 3,700,000
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Year)	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01
Revenue, Remaining Performance Obligation, Amount	$ 181,000
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Year)	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2029-01-01
Revenue, Remaining Performance Obligation, Amount	$ 46,000
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Year)	1 year

Note 2 - Contracts With Custo_5

Note 2 - Contracts With Customers - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenue	$ 35,021	$ 36,161	$ 70,334	$ 72,634
Transferred over Time [Member] | Subscription Services [Member]
Revenue	33,103	34,306	66,374	68,739
Transferred over Time [Member] | Fixed, Non-subscription Services [Member]
Revenue	936	742	1,431	1,397
Transferred over Time [Member] | Unit Price Services [Member]
Revenue	127	210	253	419
Transferred at Point in Time [Member] | Service [Member]
Revenue	$ 855	$ 903	$ 2,276	$ 2,079

Note 2 - Contracts With Custo_6

Note 2 - Contracts With Customers - Information About Receivables, Contract Assets, and Contract Liabilities From Contracts With Customers (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Accounts receivables	$ 10,057		$ 12,378
Deferred Revenue	14,514		14,834
Revenue recognized that was included in deferred revenue at beginning of year due to completion of services	(11,193)	$ (11,375)
Increases due to invoicing of client, net of amounts recognized as revenue	10,928	11,104
Decreases due to completion of services (or portion of services) and transferred to accounts receivable	(79)	(81)
Change due to cumulative catch-up adjustments arising from changes in expected contract consideration	(55)	(99)
Increases due to revenue recognized in the period with additional performance obligations before invoicing	21	$ 44
Other Current Assets [Member]
Contract assets included in other current assets	$ 26		$ 84

Note 3 - Income Taxes (Details

Note 3 - Income Taxes (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Effective Income Tax Rate Reconciliation, Percent	26%	23%	24%	23%
Effective Income Tax Rate Change, Share-based Compensation	$ 132,000		$ 53,000
Income Tax Reconciliation, State Tax Changes	$ 80,000		$ 112,000

Note 4 - Credit Agreement (Deta

Note 4 - Credit Agreement (Details Textual)	3 Months Ended	6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Line of Credit, Current	$ 9,000,000	$ 9,000,000		$ 0
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]		Secured Overnight Financing Rate (SOFR) [Member]
First National Bank of Omaha [Member] | Line of Credit [Member]
Line of Credit Facility, Interest Rate During Period	7.67%	7.68%
Credit Agreement [Member] | First National Bank of Omaha [Member]
Debt Instrument, Covenant, Minimum Fixed Charge Coverage Ratio		1.1
Debt Instrument, Covenant, Exception, Fixed Charge Coverage Ratio, Dividend Threshold		$ 5,500,000
Debt Instrument, Covenant, Maximum Costs Associated with Building		$ 25,000,000
Debt Instrument, Covenant, Maximum Cash Flow Leverage Ratio		3
Credit Agreement [Member] | First National Bank of Omaha [Member] | Maximum [Member]
Debt Instrument, Covenant, Maximum Costs Associated with Building		$ 25,000,000
Credit Agreement [Member] | First National Bank of Omaha [Member] | Term Loan [Member]
Debt Instrument, Face Amount	$ 23,412,383	23,412,383
Debt Instrument, Periodic Payment, Total		$ 462,988
Debt Instrument, Interest Rate, Stated Percentage	5%	5%
Credit Agreement [Member] | First National Bank of Omaha [Member] | Line of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 30,000,000	$ 30,000,000
Line of Credit, Current	9,000,000	9,000,000
Line of Credit Facility, Remaining Borrowing Capacity	21,000,000	21,000,000
Line of Credit Facility, Average Outstanding Amount	10,000,000	9,500,000	$ 0
Credit Agreement [Member] | First National Bank of Omaha [Member] | Delayed Draw Term Loan (DDTL) [Member]
Line of Credit Facility, Maximum Borrowing Capacity	75,000,000	75,000,000
Line of Credit Facility, Remaining Borrowing Capacity	56,000,000	56,000,000
Debt Instrument, Periodic Payment, Principal		226,190
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid	$ 10,200,000	$ 10,200,000
Line of Credit and Delayed Draw Term Loan [Member] | First National Bank of Omaha [Member]
Debt Instrument, Basis Spread on Variable Rate		2.35%
Debt Instrument, Variable Interest Rate, at Point in Time	7.68%	7.68%
Line of Credit and Delayed Draw Term Loan [Member] | First National Bank of Omaha [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage		0.20%

Note 4 - Credit Agreement - Sum

Note 4 - Credit Agreement - Summary of Notes Payable (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Less: current portion	$ (7,566)	$ (7,214)
Less: unamortized debt issuance costs	(84)	(103)
Notes payable, net of current portion	25,655	29,470
Term Loan [Member]
Secured Debt	15,436	17,787
Delayed Draw Term Loan (DDTL) [Member]
Secured Debt	$ 17,869	$ 19,000

Note 5 - Share-based Compensa_3

Note 5 - Share-based Compensation (Details Textual) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Proceeds from Stock Options Exercised			$ 0	$ 584,000
Share-Based Payment Arrangement, Option [Member]
Allocated Share Based Compensation, Expense (Benefit)	$ 112,000	$ 278,000	64,000	$ 554,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	5,500,000		$ 5,500,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)			2 years 4 months 24 days
Performance based Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)			6 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)			404,833		0
Service based Stock Options [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)			54,530	96,359
Service based Stock Options [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)			10 years
Service based Stock Options [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)			5 years
Nonvested [Member]
Share-Based Payment Arrangement, Expense	$ (169,000)	$ 27,000	$ (156,000)	$ 54,000
Director Plan 2004 [Member] | Share-Based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)	3,000,000		3,000,000
Director Plan 2004 [Member] | Nonqualified Stock Options [Member] | Director [Member]
Share Based Compensation, Arrangement By Share Based Payment Award, Options Grant, Amount			$ 100,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)			1 year
Director Plan 2004 [Member] | Nonqualified Stock Options [Member] | Director [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)			10 years
Director Plan 2004 [Member] | Nonqualified Stock Options [Member] | Director [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)			3 years
The 2006 Equity Incentive Plan [Member] | Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)	1,800,000		1,800,000
The 2006 Equity Incentive Plan [Member] | Nonvested [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Nonvested Restricted Stock, Outstanding Number (in shares)	0		0

Note 5 - Share-based Compensa_4

Note 5 - Share-based Compensation - Stock Options Valuation Assumptions (Details)	6 Months Ended
	Jun. 30, 2024
Performance based Stock Options [Member]
Expected dividend yield at date of grant	1.44%
Expected stock price volatility	33.83%
Risk-free interest rate	4.13%
Expected life of options (in years) (Year)	4 years
Service based Stock Options [Member]
Expected dividend yield at date of grant	1.94%
Expected stock price volatility	33.75%
Risk-free interest rate	4.50%
Expected life of options (in years) (Year)	5 years

Note 5 - Share-based Compensa_5

Note 5 - Share-based Compensation - Stock Option Activity Under Equity Incentive Plans and Director Plan (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			6 Months Ended		12 Months Ended
	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Exercised, number of options (in shares)	75,283	20,000	20,938
Performance based Stock Options [Member]
Beginning balance, outstanding, number of options (in shares)	0			0
Beginning balance, outstanding, weighted average exercise price (in dollars per share)	$ 0			$ 0
Granted, number of options (in shares)				404,833		0
Granted, weighted average exercise price (in dollars per share)				$ 39.54
Exercised, number of options (in shares)				0
Exercised, weighted average exercise price (in dollars per share)				$ 0
Forfeited, number of options (in shares)				0
Forfeited, weighted average exercise price (in dollars per share)				$ 0
Ending balance, outstanding, number of options (in shares)				404,833		0
Ending balance, outstanding, weighted average exercise price (in dollars per share)				$ 39.54		$ 0
Outstanding, weighted average remaining contractual term (Year)				5 years 6 months 21 days
Outstanding, aggregate intrinsic value				$ 0
Exercisable, number of options (in shares)				0
Weighted average exercise price (in dollars per share)				$ 0
Service based Stock Options [Member]
Beginning balance, outstanding, number of options (in shares)	569,168			569,168
Beginning balance, outstanding, weighted average exercise price (in dollars per share)	$ 35.72			$ 35.72
Granted, number of options (in shares)				54,530	96,359
Granted, weighted average exercise price (in dollars per share)				$ 29.76
Exercised, number of options (in shares)				75,283
Exercised, weighted average exercise price (in dollars per share)				$ 23.27
Forfeited, number of options (in shares)				56,805
Forfeited, weighted average exercise price (in dollars per share)				$ 43.83
Ending balance, outstanding, number of options (in shares)				491,610		569,168
Ending balance, outstanding, weighted average exercise price (in dollars per share)				$ 36.03		$ 35.72
Outstanding, weighted average remaining contractual term (Year)				5 years 8 months 19 days
Outstanding, aggregate intrinsic value				$ 575
Exercisable, number of options (in shares)				344,000
Weighted average exercise price (in dollars per share)				$ 34.5
Exercisable, weighted average remaining contractual term (Year)				4 years 7 months 28 days
Exercisable, aggregate intrinsic value				$ 575

Note 5 - Share-based Compensa_6

Note 5 - Share-based Compensation - Non-vested Stock (Details) - Nonvested [Member]	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Outstanding (in shares) | shares	6,058
Outstanding (in dollars per share) | $ / shares	$ 42.92
Granted (in shares) | shares	0
Granted (in dollars per share) | $ / shares	$ 0
Vested (in shares) | shares	0
Vested (in dollars per share) | $ / shares	$ 0
Forfeited (in shares) | shares	(6,058)
Forfeited (in dollars per share) | $ / shares	$ 42.92
Outstanding (in shares) | shares	0
Outstanding (in dollars per share) | $ / shares	$ 0

Note 6 - Goodwill and Intangibl

Note 6 - Goodwill and Intangible Assets - Summary of Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Goodwill, gross	$ 62,328
Goodwill, Accumulated Depreciation	(714)
Goodwill	61,614	$ 61,614
Amortizing intangible assets	12,723	12,723
Accumulated amortization	(12,513)	(12,443)
Other intangible assets, net	1,401	1,471
Customer Relationships [Member]
Amortizing intangible assets	9,192	9,192
Technology-Based Intangible Assets [Member]
Amortizing intangible assets	1,959	1,959
Trade Names [Member]
Amortizing intangible assets	1,572	1,572
Trade Names 1 [Member]
Indefinite trade name	$ 1,191	$ 1,191

Note 7 - Property and Equipme_3

Note 7 - Property and Equipment - Summary of Property and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Property and equipment	$ 72,291	$ 63,874
Accumulated depreciation	38,550	35,669
Property and equipment, net	$ 33,741	$ 28,205

Note 8 - Earnings Per Share (De

Note 8 - Earnings Per Share (Details Textual) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	796,694	276,949	674,428	265,673

Note 8 - Earnings Per Share - N

Note 8 - Earnings Per Share - Net Income Per Share Computation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Net income	$ 6,175	$ 6,359	$ 7,273	$ 6,964	$ 12,534	$ 14,236
Allocation of distributed and undistributed income to unvested restricted stock shareholders	(1)		(4)		(2)	(7)
Net income attributable to common shareholders	$ 6,174		$ 7,269		$ 12,532	$ 14,229
Weighted average common shares outstanding – basic (in shares)	23,871		24,578		23,870	24,582
Net income per share – basic (in dollars per share)	$ 0.26		$ 0.3		$ 0.53	$ 0.58
Net income attributable to common shareholders for basic computation	$ 6,174		$ 7,269		$ 12,532	$ 14,229
Weighted average effect of dilutive securities – stock options (in shares)	44		138		64	145
Denominator for diluted earnings per share – adjusted weighted average shares (in shares)	23,915		24,716		23,934	24,727
Net income per share – diluted (in dollars per share)	$ 0.26		$ 0.29		$ 0.52	$ 0.58

Note 9 - Subsequent Events (Det

Note 9 - Subsequent Events (Details Textual) - USD ($)			3 Months Ended	6 Months Ended
	Aug. 05, 2024	Jul. 15, 2024	Jun. 30, 2024	Jun. 30, 2024
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]				Secured Overnight Financing Rate (SOFR) [Member]
Term Loan [Member] | First National Bank of Omaha [Member]
Debt Instrument, Basis Spread on Variable Rate				2.35%
Credit Agreement [Member] | First National Bank of Omaha [Member]
Debt Instrument, Covenant, Maximum Costs Associated with Building				$ 25,000,000
Nobl Inc [Member]
Business Combination, Acquisition Related Costs			$ 42,000	$ 42,000
Subsequent Event [Member] | Credit Agreement [Member] | First National Bank of Omaha [Member]
Debt Instrument, Covenant, Maximum Costs Associated with Building	$ 27,500,000
Subsequent Event [Member] | Nobl Inc [Member]
Payments to Acquire Businesses, Gross		$ 5,500,000
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High		$ 1,000,000