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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 7,872 $ 8,082
Trade accounts receivable, less allowance for doubtful accounts of $256 and $289 in 2012 and 2011, respectively 13,577 11,187
Unbilled revenue 999 913
Prepaid expenses and other 2,167 1,166
Deferred income taxes 644 789
Total current assets 25,259 22,137
Property and equipment, net 13,511 13,613
Intangible assets, net 6,685 7,073
Goodwill 57,798 57,730
Other 125 123
Total assets 103,378 100,676
Current liabilities:    
Current portion of notes payable 2,072 1,861
Accounts payable 1,075 783
Accrued wages, bonus and profit sharing 2,922 3,591
Accrued expenses 1,834 1,519
Income taxes payable 153 145
Deferred revenue 16,361 16,500
Total current liabilities 24,417 24,399
Notes payable, net of current portion 11,948 12,625
Deferred income taxes 7,934 7,588
Deferred revenue 372 185
Other long term liabilities 300 325
Total liabilities 44,971 45,122
Shareholders’ equity:    
Common stock, $0.001 par value; authorized 20,000,000 shares, issued 8,214,111 in 2012 and 8,117,849 in 2011, outstanding 6,778,288 in 2012 and 6,724,280 in 2011 8 8
Additional paid-in capital 33,414 31,080
Retained earnings 49,082 46,995
Accumulated other comprehensive income 1,117 907
Treasury stock, at cost; 1,435,823 shares in 2012 and 1,393,569 shares in 2011 (25,214) (23,436)
Total shareholders’ equity 58,407 55,554
Total liabilities and shareholders’ equity $ 103,378 $ 100,676