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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 11,535 $ 15,723
Restricted cash 102 47
Contract receivables, less allowances of $726 in 2017 and $799 in 2016:    
Billed 30,157 29,186
Unbilled 1,359 2,278
Receivables Net 31,516 31,464
Employee advances and miscellaneous receivables, less allowances of $482 in 2017 and $500 in 2016 2,020 2,184
Total receivables 33,536 33,648
Prepaid expenses and other current assets 3,291 3,363
Total current assets 48,464 52,781
Property and equipment 65,058 63,325
Less accumulated depreciation and amortization (52,496) (51,089)
Property and equipment, net 12,562 12,236
Goodwill 22,364 13,823
Intangible assets, less accumulated amortization of $36,974 in 2017 and $36,128 in 2016 10,278 10,998
Noncurrent portion of unbilled receivables 765 854
Deferred income taxes 2,259 2,269
Other assets 129 513
Total assets 96,821 93,474
Current liabilities:    
Accounts payable and accrued expenses 6,250 7,299
Accrued payroll and related expenses 10,871 13,868
Refund liabilities 7,718 7,900
Deferred revenue 1,421 1,330
Current portion of debt (Note E) 13,600 3,600
Business acquisition obligations 2,076 2,078
Total current liabilities 41,936 36,075
Noncurrent refund liabilities 746 804
Other long-term liabilities 2,557 4,205
Total liabilities 45,239 41,084
Commitments and contingencies (Note G)
Shareholders’ equity (Note B):    
Common stock, no par value; $.01 stated value per share. Authorized 50,000,000 shares; 22,083,587 shares issued and outstanding at March 31, 2017 and 21,845,920 shares issued and outstanding at December 31, 2016 221 218
Additional paid-in capital 576,215 575,118
Accumulated deficit (525,416) (523,233)
Accumulated other comprehensive income 562 287
Total shareholders’ equity 51,582 52,390
Total liabilities and shareholders’ equity $ 96,821 $ 93,474