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Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 15,723,000 $ 15,122,000
Restricted cash 47,000 48,000
Contract receivables, less allowances of $799 in 2016 and $930 in 2015:    
Billed 29,186,000 26,576,000
Unbilled 2,278,000 1,967,000
Contract receivables, net 31,464,000 28,543,000
Employee advances and miscellaneous receivables, less allowances of $500 in 2016 and $681 in 2015 2,184,000 1,740,000
Total receivables 33,648,000 30,283,000
Prepaid expenses and other current assets 3,363,000 2,323,000
Total current assets 52,781,000 47,776,000
Property and equipment:    
Computer and other equipment 30,219,000 29,671,000
Furniture and fixtures 2,652,000 2,842,000
Leasehold improvements 3,558,000 3,446,000
Software 26,896,000 23,788,000
Property and equipment, gross 63,325,000 59,747,000
Less accumulated depreciation and amortization (51,089,000) (48,167,000)
Property and equipment, net 12,236,000 11,580,000
Goodwill (Note 4) 13,823,000 11,810,000
Intangible assets, less accumulated amortization of $36,128 in 2016 and $35,708 in 2015 10,998,000 6,684,000
Unbilled receivables 854,000 656,000
Deferred income taxes (Note 7) 2,269,000 1,361,000
Other assets 513,000 524,000
Total assets 93,474,000 80,391,000
Current liabilities:    
Accounts payable and accrued expenses 7,299,000 5,966,000
Accrued payroll and related expenses 13,868,000 11,278,000
Refund liabilities 7,900,000 7,887,000
Deferred revenue 1,330,000 965,000
Current portion of debt (Note 5) 3,600,000 0
Business acquisition obligations (Note 12) 2,078,000 39,000
Total current liabilities 36,075,000 26,135,000
Noncurrent business acquisition obligations (Note 12) 1,926,000 0
Refund liabilities 804,000 752,000
Other long-term liabilities 2,279,000 1,089,000
Total liabilities 41,084,000 27,976,000
Commitments and contingencies (Notes 5, 6, 9 and 10)
Shareholders’ equity (Notes 9 and 11):    
Common stock, no par value; $.01 stated value per share. Authorized 50,000,000 shares; 21,845,920 shares issued and outstanding at December 31, 2016 and 22,681,656 shares issued and outstanding at December 31, 2015 218,000 227,000
Additional paid-in capital 575,118,000 575,532,000
Accumulated deficit (523,233,000) (524,138,000)
Accumulated other comprehensive income 287,000 794,000
Total shareholders’ equity 52,390,000 52,415,000
Total liabilities and shareholders’ equity $ 93,474,000 $ 80,391,000