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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 11,932 $ 15,723
Restricted cash 109 47
Contract receivables, less allowances of $1,773 in 2017 and $799 in 2016:    
Billed 33,467 29,186
Unbilled 1,548 2,278
Receivables Net 35,015 31,464
Employee advances and miscellaneous receivables, less allowances of $314 in 2017 and $500 in 2016 2,263 2,184
Total receivables 37,278 33,648
Prepaid expenses and other current assets 4,837 3,363
Total current assets 54,156 52,781
Property and equipment 70,299 63,325
Less accumulated depreciation and amortization (54,930) (51,089)
Property and equipment, net 15,369 12,236
Goodwill 22,824 13,823
Intangible assets, less accumulated amortization of $38,921 in 2017 and $36,128 in 2016 8,840 10,998
Noncurrent portion of unbilled receivables 868 854
Deferred income taxes 2,212 2,269
Other assets 281 513
Total assets 104,550 93,474
Current liabilities:    
Accounts payable and accrued expenses 7,669 7,299
Accrued payroll and related expenses 14,801 13,868
Refund liabilities 7,768 7,900
Deferred revenue 1,727 1,330
Current portion of debt (Note E) 48 3,600
Business acquisition obligations 2,078 2,078
Total current liabilities 34,091 36,075
Long-term debt (Note E) 13,677 0
Noncurrent refund liabilities 775 804
Other long-term liabilities 2,389 4,205
Total liabilities 50,932 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; 22,390,734 shares issued and outstanding at September 30, 2017 and 21,845,920 shares issued and outstanding at December 31, 2016 224 218
Additional paid-in capital 578,695 575,118
Accumulated deficit (525,358) (523,233)
Accumulated other comprehensive income 57 287
Total shareholders’ equity 53,618 52,390
Total liabilities and shareholders’ equity $ 104,550 $ 93,474