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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 11,504 $ 13,973
Restricted cash 146 46
Contract receivables, less allowances of $1,999 in 2019 and $1,024 in 2018    
Billed 37,429 43,878
Unbilled 4,344 2,987
Receivables Net 41,773 46,865
Employee advances and miscellaneous receivables, less allowances of $268 in 2019 and $176 in 2018 98 567
Total receivables 41,871 47,432
Prepaid expenses and other current assets 4,517 3,144
Total current assets 58,038 64,595
Property, equipment and software 71,489 65,252
Less accumulated depreciation and amortization (47,819) (43,224)
Property, equipment and software, net 23,670 22,028
Operating lease right-of-use assets (Note 9) 11,152  
Goodwill 17,528 17,531
Intangible assets, less accumulated amortization of $45,085 in 2019 and $43,370 in 2018 13,207 14,945
Unbilled receivables 1,103 1,608
Deferred income taxes 3,575 3,561
Other assets 562 561
Total assets 128,835 124,829
Current liabilities:    
Accounts payable and accrued expenses 3,064 7,515
Accrued payroll and related expenses 9,906 15,073
Current portion of operating lease liabilities (Note 9) 4,161  
Refund liabilities 6,196 6,497
Deferred revenue 2,141 2,428
Current portion of debt (Note 5) 42 48
Business acquisition obligations (Note 6) 4,000 4,162
Total current liabilities 29,510 35,723
Long-term debt (Note 5) 32,628 21,553
Long-term operating lease liabilities (Note 9) 7,647  
Refund liabilities 65 100
Deferred income taxes (Note 8) 666 666
Other long-term liabilities 9 458
Total liabilities 70,525 58,500
Commitments and contingencies (Note 7)
Shareholders’ equity (Note 2):    
Common stock, no par value; $.01 stated value per share. Authorized 50,000,000 shares; 23,611,403 shares issued and outstanding at June 30, 2019 and 23,186,258 shares issued and outstanding at December 31, 2018 236 232
Additional paid-in capital 582,982 582,574
Accumulated deficit (524,131) (515,456)
Accumulated other comprehensive loss (777) (1,021)
Total shareholders’ equity 58,310 66,329
Total liabilities and shareholders' equity $ 128,835 $ 124,829