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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 25,233 $ 14,982
Restricted cash 81 46
Contract receivables, less allowances of $1,291 in 2020 and $1,781 in 2019    
Billed 31,747 38,201
Unbilled 3,252 4,911
Receivables Net 34,999 43,112
Employee advances and miscellaneous receivables, net 631 704
Total receivables 35,630 43,816
Prepaid expenses and other current assets 3,004 5,582
Total current assets 63,948 64,426
Property, equipment and software 63,730 63,557
Less accumulated depreciation and amortization (45,754) (45,811)
Property, equipment and software, net 17,976 17,746
Operating lease right-of-use assets (Note 9) 9,817 10,969
Goodwill 14,965 15,070
Intangible assets, less accumulated amortization of $47,391 in 2020 and $47,097 in 2019 10,545 11,506
Unbilled receivables 757 1,282
Deferred income taxes 3,623 3,921
Other assets 535 546
Total assets 122,166 125,466
Current liabilities:    
Accounts payable and accrued expenses 1,049 4,326
Accrued payroll and related expenses 11,883 12,951
Current portion of operating lease liabilities (Note 9) 3,757 3,717
Refund liabilities 4,059 4,513
Deferred revenue 1,789 2,217
Current portion of debt (Note 5) 4 17
Total current liabilities 22,541 27,741
Long-term debt (Note 5) 44,627 36,603
Long-term operating lease liabilities (Note 9) 6,386 7,435
Refund liabilities 6 9
Deferred income taxes (Note 8) 628 628
Total liabilities 74,188 72,416
Commitments and contingencies (Note 7)
Shareholders’ equity (Note 2):    
Common stock, no par value; $.01 stated value per share. Authorized 50,000,000 shares; 23,595,079 shares issued and outstanding at March 31, 2020 and 23,369,433 shares issued and outstanding at December 31, 2019 236 234
Additional paid-in capital 583,161 582,404
Accumulated deficit (533,059) (529,176)
Accumulated other comprehensive loss (2,360) (412)
Total shareholders’ equity 47,978 53,050
Total liabilities and shareholders' equity $ 122,166 $ 125,466