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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jul. 01, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 391 $ 279
Accounts receivable, net 43,152 45,170
Transit accounts receivable 2,370 4,295
Prepaid expenses and other current assets 3,079 3,327
Total current assets 48,992 53,071
Property and equipment, net 3,829 4,052
Other assets:    
Deposits 210 212
Goodwill 12,458 12,325
Intangible assets, net 137 171
Total other assets 12,805 12,708
Total assets 65,626 69,831
Current liabilities:    
Accounts payable and accrued expenses 7,740 8,154
Transit accounts payable 4,579 6,776
Accrued payroll and related costs 7,656 7,185
Income taxes payable 1,004 537
Contingent consideration 1,525 1,061
Total current liabilities 22,504 23,713
Contingent consideration 240 170
Borrowings under line of credit 10,092 14,311
Total liabilities 33,413 38,576
Stockholders’ equity:    
Preferred stock, $1.00 par value; 5,000,000 shares authorized; no shares issued or outstanding 0 0
Common stock, $0.05 par value; 40,000,000 shares authorized; 14,785,688 shares issued and 11,962,516 shares outstanding at July 1, 2017 and 14,716,940 shares issued and 11,953,080 shares outstanding at December 31, 2016 739 736
Additional paid-in capital 116,191 115,607
Accumulated other comprehensive loss (2,581) (2,578)
Accumulated deficit (67,149) (67,888)
Treasury stock (2,823,172 shares at July 1, 2017 and 2,763,860 shares at December 31, 2016, at cost) (14,987) (14,622)
Stockholders’ equity 32,213 31,255
Total liabilities and stockholders’ equity 65,626 69,831
Domestic Tax Authority [Member]    
Current liabilities:    
Deferred tax liability 343 148
Foreign Tax Authority [Member]    
Current liabilities:    
Deferred tax liability $ 234 $ 234