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Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 126,158,000 $ 115,464,000
Accounts receivable, net of allowances of $299 and $381, respectively $ 33,438,000 37,725,000
Deferred tax assets - current portion 3,343,000
Prepaid expenses and other current assets $ 3,655,000 2,888,000
Total current assets 163,251,000 159,420,000
Property and equipment, net 11,325,000 8,832,000
Goodwill 215,000 0
Intangible assets, net 5,028,000 0
Deferred tax assets - long-term portion 10,299,000 8,025,000
Other non-current assets 1,651,000 1,161,000
Total assets 191,769,000 177,438,000
Current liabilities:    
Accounts payable 1,293,000 803,000
Accrued compensation and related benefits 4,812,000 6,112,000
Accrued and other current liabilities 2,382,000 1,733,000
Deferred revenues - current portion 4,702,000 $ 3,740,000
Billings in excess of recognized revenues 1,267,000
Total current liabilities 14,456,000 $ 12,388,000
Long-term income taxes payable 2,540,000 2,600,000
Other non-current liabilities 466,000 627,000
Total liabilities $ 17,462,000 $ 15,615,000
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Preferred stock, $0.00015 par value, 5,000 shares authorized, no shares issued and outstanding $ 0 $ 0
Common stock, $0.00015 par value, 70,000 shares authorized; shares issued 37,476 and 36,258, respectively; shares outstanding 31,111 and 31,116, respectively 5,000 5,000
Additional paid-in capital 266,008,000 248,734,000
Treasury stock, at cost, 6,365 and 5,142 shares, respectively (50,383,000) (34,048,000)
Accumulated deficit (39,780,000) (52,187,000)
Accumulated other comprehensive loss (1,543,000) (681,000)
Total stockholders’ equity 174,307,000 161,823,000
Total liabilities and stockholders’ equity $ 191,769,000 $ 177,438,000