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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 18,823 $ 15,723
Restricted cash 51 47
Contract receivables, less allowances of $1,499 in 2017 and $799 in 2016    
Billed 36,058 29,186
Unbilled 2,709 2,278
Contract receivables, net 38,767 31,464
Employee advances and miscellaneous receivables, less allowances of $292 in 2017 and $500 in 2016 1,665 2,184
Total receivables 40,432 33,648
Prepaid expenses and other current assets 4,608 3,363
Total current assets 63,914 52,781
Property and equipment:    
Computer and other equipment 32,655 30,219
Furniture and fixtures 2,761 2,652
Leasehold improvements 3,916 3,558
Software 34,234 26,896
Property and equipment, gross 73,566 63,325
Less accumulated depreciation and amortization (56,088) (51,089)
Property and equipment, net 17,478 12,236
Goodwill (Note 4) 17,648 13,823
Intangible assets, less accumulated amortization of $40,461 in 2017 and $36,128 in 2016 18,478 10,998
Unbilled receivables 894 854
Deferred income taxes (Note 7) 1,538 2,269
Other assets 268 513
Total assets 120,218 93,474
Current liabilities:    
Accounts payable and accrued expenses 8,548 7,299
Accrued payroll and related expenses 18,194 13,868
Refund liabilities 7,864 7,900
Deferred revenue 1,431 1,330
Current portion of debt (Note 5) 48 3,600
Business acquisition obligations (Note 12) 3,759 2,078
Total current liabilities 39,844 36,075
Long-term debt (Note 5) 13,526 0
Noncurrent business acquisition obligations (Note 12) 5,135 1,926
Refund liabilities 957 804
Other long-term liabilities 442 2,279
Total liabilities 59,904 41,084
Commitments and contingencies (Notes 2, 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; 22,419,417 shares issued and outstanding at December 31, 2017 and 21,845,920 shares issued and outstanding at December 31, 2016 224 218
Additional paid-in capital 580,032 575,118
Accumulated deficit (520,049) (523,233)
Accumulated other comprehensive income 107 287
Total shareholders’ equity 60,314 52,390
Total liabilities and shareholders’ equity $ 120,218 $ 93,474