Note 13 - Recent Accounting Pronouncements	12 Months Ended
Dec. 31, 2016
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	(1 3) Recent Accounting Pronouncements In February 2015, the FASB issued ASU 2015 - 02, Consolidation (Topic 810): Amendments to the Consolidation Analysis (“ASU 2015 - 02”), which requires reporting entities to reevaluate whether certain legal entities should be consolidated under the revised consolidation model. ASU 2015 - 02 modifies the evaluation of whether limited partnerships and similar legal entities are variable interest entities (VIEs), eliminates the presumption that a general partner should consolidate a limited partnership, and affects the consolidation analysis of reporting entities that are involved with VIEs, especially those that have fee arrangements and related party relationships. The Company’s adoption of the standard effective January 1, 2016 did not significantly impact its consolidated financial statements. In April 2015, the FASB issued ASU 2015 - 05, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350 - 40): Customer's Accounting for Fees Paid in a Cloud Computing Arrangement ("ASU 2015 - 05"). ASU 2015 - 05 provides guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, ASU 2015 - 05 specifies that the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. ASU 2015 - 05 further specifies that the customer should account for a cloud computing arrangement as a service contract if the arrangement does not include a software license. The Company prospectively adopted ASU 2015 - 05 effective January 1, 2016. Beginning in 2016, if a software license is included in a cloud computing arrangement and the Company has the ability and feasibility to download the software, it is accounted for as software, included in property and equipment, and amortized. If a software license is not included or the Company does not have the ability or feasibility to download software included in a cloud computing arrangement, it is accounted for as a service contract, which is expensed to direct expenses or selling, general and administrative expenses during the service period. In November 2015, the FASB issued ASU 2015 - 17 . ASU 2015 - 17 amends the current requirement for organizations to present deferred tax liabilities and assets as current and noncurrent in a classified balance sheet. Instead, organizations will now be required to classify all deferred tax assets and liabilities as noncurrent. The current requirement that deferred tax liabilities and assets of a tax-paying component of an entity be offset and presented as a single amount is not affected by ASU 2015 - 17. The Company adopted ASU 2015 - 17 retrospectively effective January 1, 2016 and reclassified $1.1 million of current deferred tax assets to noncurrent, which was netted with deferred tax liabilities on the December 31, 2015 consolidated balance sheet. In May 2014, the FASB issued ASU 2014 - 09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014 - 09”). ASU 2014 - 09 requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. ASU 2014 - 09 will replace most existing revenue recognition guidance in accounting principles generally accepted in the United States when it becomes effective. The standard is effective for annual and interim reporting periods in fiscal years beginning after December 15, 2017, with early adoption allowed for years beginning after December 15, 2016. An entity may choose to adopt ASU 2014 - 09 either retrospectively or through a cumulative effect adjustment as of the start of the first period for which it applies the standard. The Company is currently in the process of evaluating the impact that this new guidance will have on its consolidated financial statements and expects to adopt the guidance beginning January 1, 2018 through the retrospective transition method. We are in the process of developing and testing changes to our processes and systems. The Company currently expects the most significant changes to result from deferring commissions and recognizing the expense over the estimated life of the client relationship rather than expensing as incurred, which is the Company’s current practice, and estimating variable consideration at the outset of the contract. In February 2016, the FASB issued ASU 2016 - 02, Leases (Topic 842) . This ASU requires lessees to recognize a lease liability and a right-to-use asset for all leases, including operating leases, with a term greater than twelve months on its balance sheet. This ASU is effective in fiscal years beginning after December 15, 2018, with early adoption permitted, and requires a modified retrospective transition method. The Company is currently in the process of evaluating the impact that this new guidance will have on its consolidated financial statements. In March 2016, the FASB issued ASU 2016 - 09 . ASU 2016 - 09 requires excess tax benefits and tax deficiencies to be recorded in the income statement when the awards vest or are settled. In addition, cash flows related to excess tax benefits are no longer separately classified as a financing activity apart from other income tax cash flows. The Company elected to early adopt the new guidance in the second quarter of 2016 on a prospective basis which required us to reflect any adjustments as of January 1, 2016, the beginning of the annual period that includes the interim period of adoption. The primary impact of adoption was the recognition of excess tax benefits in our provision for income taxes rather than paid-in capital for all periods of 2016. As a result, excess tax benefits of $333,000 recorded to additional paid-in capital in the first quarter of 2016 have been reclassified to income tax expense in the year ended December 31, 2016. Additionally, as required by ASU 2016 - 09, when calculating diluted earnings per share, excess tax benefits were excluded from the calculation of assumed proceeds since such amounts are recognized in the income statement. The Company applied the cash flow presentation requirements for cash flows related to excess tax benefits prospectively, and the 2015 statement of cash flows was not adjusted. ASU 2016 - 09 also allows an entity to elect as an accounting policy either to estimate the total number of awards for which the requisite service period will not be rendered or to account for forfeitures for service based awards as they occur. The Company has elected to account for forfeitures as they occur. Adoption of ASU 2016 - 09 resulted in the recognition of excess tax benefits in our provision for income taxes rather than additional paid-in capital of $460,000 for the year ended December 31, 2016. In June 2016, the FASB issued ASU 2016 - 13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments . This ASU will require the measurement of all expected credit losses for financial assets, including trade receivables, held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. The guidance is effective for annual reporting periods beginning after December 15, 2019 and interim periods within those fiscal years. The Company believes its adoption will not significantly impact the Company’s results of operations and financial position. In August 201 6, the FASB issued ASU 2016 - 15, Statement of Cash Flows (Topic 230) Classification of Certain Cash Receipts and Cash Payments which eliminates the diversity in practice related to eight cash flow classification issues. This ASU is effective for the Company on January 1, 2018 with early adoption permitted. The Company believes its adoption will not significantly impact the Company’s results of operations and financial position. In October 2016, the FASB issued ASU 2016 - 16, Intra-Entity Transfers of Asset Other Than Inventory “ASU 2016 - 16”), which requires entities to recognize the tax consequences of intercompany asset transfers other than inventory transfers in the period in which the transfer takes place. ASU 2016 - 16 is effective for fiscal years and interim periods within fiscal years beginning after December 15, 2017. ASU 2016 - 16 is to be adopted using a modified retrospective approach with a cumulative effect adjustment to retained earnings as of the beginning of the period of adoption. The cumulative effect adjustment will include recognition of the income tax consequences of intra-entity transfers of assets other than inventory that occur before the adoption date. Early adoption is permitted at the beginning of an annual period. The Company is currently evaluating the impact the adoption of this standard will have on its consolidated financial statements. In November 2016, the FASB issued ASU 2016 - 18, Statement of Cash Flows (Topic 230), Restricted Cash (“ASU 2016 - 18”), which requires that the amounts generally described as restricted cash or restricted cash equivalents be included with cash and cash equivalents when reconciling the beginning-of-the period and end-of-period total amounts shown on the statement of cash flows. ASU 2016 - 18 does not provide a definition of restricted cash or restricted cash equivalents. ASU 2016 - 18 is effective for fiscal years and interim periods beginning after December 15, 2017. The Company does not expect the adoption of ASU 2016 - 18 to have any impact on the consolidated financial statements. In January 2017, the FASB issued ASU 2017 - 04, Intangibles—Goodwill and Other (Topic 350), Simplifying the Test for Goodwill Impairment (“ASU 2017 - 04”). The new guidance eliminates Step 2 of the goodwill impairment testing which requires the fair value of individual assets and liabilities of a reporting unit to be determined when measuring goodwill impairment. The new guidance may result in different amounts of impairment that could be recognized compared to existing guidance. In addition, failing step 1 of the impairment test may not result in impairment under existing guidance. However, under the revised guidance, failing step 1 will always result in a goodwill impairment. ASU 2017 - 04 is to be applied prospectively for goodwill impairment testing performed in years beginning after December 15, 2019. The Company does not believe the adoption will significantly impact the Company's results of operations or financial position.

Recent

Accounting Pronouncements

February

2015,

the FASB issued ASU

2015

02,

Consolidation (Topic

810):

Amendments to the Consolidation Analysis

(“ASU

2015

02”),

which requires reporting entities to reevaluate whether certain legal entities should be consolidated under the revised consolidation model. ASU

2015

modifies the evaluation of whether limited partnerships and similar legal entities are variable interest entities (VIEs), eliminates the presumption that a general partner should consolidate a limited partnership, and affects the consolidation analysis of reporting entities that are involved with VIEs, especially those that have fee arrangements and related party relationships. The Company’s adoption of the standard effective

January

2016

did not significantly impact its consolidated financial statements.

April

2015,

the FASB issued ASU

2015

05,

Intangibles - Goodwill and Other - Internal-Use Software (Subtopic

350

40):

Customer's Accounting for Fees Paid in a Cloud Computing Arrangement

("ASU

2015

05").

ASU

2015

provides guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, ASU

2015

specifies that the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. ASU

2015

further specifies that the customer should account for a cloud computing arrangement as a service contract if the arrangement does not include a software license. The Company prospectively adopted ASU

2015

effective

January

2016.

Beginning in

2016,

if a software license is included in a cloud computing arrangement and the Company has the ability and feasibility to download the software, it is accounted for as software, included in property and equipment, and amortized. If a software license is not included or the Company does not have the ability or feasibility to download software included in a cloud computing arrangement, it is accounted for as a service contract, which is expensed to direct expenses or selling, general and administrative expenses during the service period.

November

2015,

the FASB issued ASU

2015

. ASU

2015

amends the current requirement for organizations to present deferred tax liabilities and assets as current and noncurrent in a classified balance sheet. Instead, organizations will now be required to classify all deferred tax assets and liabilities as noncurrent. The current requirement that deferred tax liabilities and assets of a tax-paying component of an entity be offset and presented as a single amount is not affected by ASU

2015

17.

The Company adopted ASU

2015

retrospectively effective

January

2016

and reclassified

$1.1

million of current deferred tax assets to noncurrent, which was netted with deferred tax liabilities on the

December

31,

2015

consolidated balance sheet.

May

2014,

the FASB issued ASU

2014

09,

Revenue from Contracts with Customers (Topic

606)

(“ASU

2014

09”).

ASU

2014

requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. ASU

2014

will replace most existing revenue recognition guidance in accounting principles generally accepted in the United States when it becomes effective. The standard is effective for annual and interim reporting periods in fiscal years beginning after

December

15,

2017,

with early adoption allowed for years beginning after

December

15,

2016.

An entity

may

choose to adopt ASU

2014

either retrospectively or through a cumulative effect adjustment as of the start of the

first

period for which it applies the standard. The Company is currently in the process of evaluating the impact that this new guidance will have on its consolidated financial statements and expects to adopt the guidance beginning

January

2018

through the retrospective transition method. We are in the process of developing and testing changes to our processes and systems. The Company currently expects the most significant changes to result from deferring commissions and recognizing the expense over the estimated life of the client relationship rather than expensing as incurred, which is the Company’s current practice, and estimating variable consideration at the outset of the contract.

February

2016,

the FASB issued ASU

2016

02,

Leases

(Topic

842)

. This ASU requires lessees to recognize a lease liability and a right-to-use asset for all leases, including operating leases, with a term greater than

twelve

months on its balance sheet. This ASU is effective in fiscal years beginning after

December

15,

2018,

with early adoption permitted, and requires a modified retrospective transition method. The Company is currently in the process of evaluating the impact that this new guidance will have on its consolidated financial statements.

March

2016,

the FASB issued ASU

2016

. ASU

2016

requires excess tax benefits and tax deficiencies to be recorded in the income statement when the awards vest or are settled. In addition, cash flows related to excess tax benefits are no longer separately classified as a financing activity apart from other income tax cash flows. The Company elected to early adopt the new guidance in the

second

quarter of

2016

on a prospective basis which required us to reflect any adjustments as of

January

2016,

the beginning of the annual period that includes the interim period of adoption. The primary impact of adoption was the recognition of excess tax benefits in our provision for income taxes rather than paid-in capital for all periods of

2016.

As a result, excess tax benefits of

$333,000

recorded to additional paid-in capital in the

first

quarter of

2016

have been reclassified to income tax expense in the year ended

December

31,

2016.

Additionally, as required by ASU

2016

09,

when calculating diluted earnings per share, excess tax benefits were excluded from the calculation of assumed proceeds since such amounts are recognized in the income statement. The Company applied the cash flow presentation requirements for cash flows related to excess tax benefits prospectively, and the

2015

statement of cash flows was not adjusted. ASU

2016

also allows an entity to elect as an accounting policy either to estimate the total number of awards for which the requisite service period will not be rendered or to account for forfeitures for service based awards as they occur. The Company has elected to account for forfeitures as they occur. Adoption of ASU

2016

resulted in the recognition of excess tax benefits in our provision for income taxes rather than additional paid-in capital of

$460,000

for the year ended

December

31,

2016.

June

2016,

the FASB issued ASU

2016

13,

Financial Instruments – Credit Losses (Topic

326):

Measurement of Credit Losses on Financial Instruments

. This ASU will require the measurement of all expected credit losses for financial assets, including trade receivables, held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. The guidance is effective for annual reporting periods beginning after

December

15,

2019

and interim periods within those fiscal years. The Company believes its adoption will not significantly impact the Company’s results of operations and financial position.

August

201

the FASB issued ASU

2016

15,

Statement of Cash Flows (Topic

230)

Classification of Certain Cash Receipts and Cash Payments

which eliminates the diversity in practice related to

eight

cash flow classification issues. This ASU is effective for the Company on

January

2018

with early adoption permitted. The Company believes its adoption will not significantly impact the Company’s results of operations and financial position.

October

2016,

the FASB issued ASU

2016

16,

Intra-Entity Transfers of Asset Other Than Inventory

“ASU

2016

16”),

which requires entities to recognize the tax consequences of intercompany asset transfers other than inventory transfers in the period in which the transfer takes place. ASU

2016

is effective for fiscal years and interim periods within fiscal years beginning after

December

15,

2017.

ASU

2016

is to be adopted using a modified retrospective approach with a cumulative effect adjustment to retained earnings as of the beginning of the period of adoption. The cumulative effect adjustment will include recognition of the income tax consequences of intra-entity transfers of assets other than inventory that occur before the adoption date. Early adoption is permitted at the beginning of an annual period. The Company is currently evaluating the impact the adoption of this standard will have on its consolidated financial statements.

November

2016,

the FASB issued ASU

2016

18,

Statement of Cash Flows (Topic

230),

Restricted Cash

(“ASU

2016

18”),

which requires that the amounts generally described as restricted cash or restricted cash equivalents be included with cash and cash equivalents when reconciling the beginning-of-the period and end-of-period total amounts shown on the statement of cash flows. ASU

2016

does not provide a definition of restricted cash or restricted cash equivalents. ASU

2016

is effective for fiscal years and interim periods beginning after

December

15,

2017.

The Company does not expect the adoption of ASU

2016

to have any impact on the consolidated financial statements.

January

2017,

the FASB issued ASU

2017

04,

Intangibles—Goodwill and Other (Topic

350),

Simplifying the Test for Goodwill Impairment

(“ASU

2017

04”).

The new guidance eliminates Step

of the goodwill impairment testing which requires the fair value of individual assets and liabilities of a reporting unit to be determined when measuring goodwill impairment. The new guidance

may

result in different amounts of impairment that could be recognized compared to existing guidance. In addition, failing step

of the impairment test

may

not result in impairment under existing guidance. However, under the revised guidance, failing step

will always result in a goodwill impairment. ASU

2017

is to be applied prospectively for goodwill impairment testing performed in years beginning after

December

15,

2019.

The Company does not believe the adoption will significantly impact the Company's results of operations or financial position.