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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 15,026 $ 8,082
Trade accounts receivable, less allowance for doubtful accounts of $215 and $289 in 2012 and 2011, respectively 14,206 11,187
Unbilled revenue 886 913
Prepaid expenses and other 1,909 1,166
Income tax receivable 90  
Deferred income taxes 334 789
Total current assets 32,451 22,137
Property and equipment, net 12,907 13,613
Intangible assets, net 6,063 7,073
Goodwill 57,839 57,730
Other 169 123
Total assets 109,429 100,676
Current liabilities:    
Current portion of notes payable 13,076 1,861
Accounts payable 503 783
Accrued wages, bonus and profit sharing 3,779 3,591
Accrued expenses 2,802 1,519
Income taxes payable   145
Deferred revenue 17,527 16,500
Total current liabilities 37,687 24,399
Notes payable, net of current portion   12,625
Deferred income taxes 7,094 7,588
Deferred revenue 326 185
Other long term liabilities 253 325
Total liabilities 45,360 45,122
Shareholders’ equity:    
Common stock, $0.001 par value; authorized 20,000,000 shares, issued 8,278,491 in 2012 and 8,117,849 in 2011, outstanding 6,824,355 in 2012 and 6,724,280 in 2011 8 8
Additional paid-in capital 35,880 31,080
Retained earnings 53,061 46,995
Accumulated other comprehensive income, foreign currency translation 1,267 907
Treasury stock, at cost; 1,454,136 shares in 2012 and 1,393,569 shares in 2011 (26,147) (23,436)
Total shareholders’ equity 64,069 55,554
Total liabilities and shareholders’ equity $ 109,429 $ 100,676