Significant Accounting Policies (Policies)

9 Months Ended

Sep. 30, 2017

Accounting Policies [Abstract]

Investment, Policy [Policy Text Block]

Equity Investments

The Company acquires equity investments to promote business and strategic objectives.

For investments that do

not

have a readily determinable fair value, the Company applies either cost or equity method of accounting depending on the nature of its investment and its ability to exercise significant influence. Investments are periodically analyzed to determine whether or

not

there are any indicators of impairment and written down to fair value if the investment has incurred an other than temporary impairment. During the

three

-month period ended

September 30, 2017,

the Company acquired a

$1.3

million investment in convertible preferred stock of PracticingExcellence.com, Inc., a privately-held Delaware Corporation (“PX”) which is carried

at cost and included in other non-current assets.

The Company has a seat on PX's board of directors and the Company's investment, which is

not

considered to be in-substance common stock, represents approximately

15.7%

of the issued and outstanding equity interests in PX at

September 30, 2017.

Reclassification, Policy [Policy Text Block]

Reclassifications

Reclassifications have been made from noncurrent deferred income taxes to other noncurrent liabilities in the

2016

condensed consolidated balance sheet to present the unrecognized tax benefits related to state taxes gross of federal tax benefits, consistent with the

2017

financial statement presentation. There was

no

impact on the previously reported net income and earnings per share.

Fair Value Measurement, Policy [Policy Text Block]

Fair Value Measurements

The Company

’s valuation techniques are based on maximizing observable inputs and minimizing the use of unobservable inputs when measuring fair value. Observable inputs reflect readily obtainable data from independent sources, while unobservable inputs reflect the Company’s market assumptions. The inputs are then classified into the following hierarchy: (

1

) Level

1

Inputs—quoted prices in active markets for identical assets and liabilities; (

2

) Level

2

Inputs—observable market-based inputs other than Level

1

inputs, such as quoted prices for similar assets or liabilities in active markets, quoted prices for similar or identical assets or liabilities in markets that are

not

active, or other inputs that are observable or can be corroborated by observable market data; and (

3

) Level

3

Inputs—unobservable inputs.

Commercial paper and Eurodollar deposits are included in cash equivalents and are valued at amortized cost, which approximates fair value due to their short-term nature. Eurodollar deposits are United States dollars deposited in a foreign bank branch of a United States bank and have daily liquidity. Both of these are included as a Level

2

measurement in the table below.

The following details the Company

’s financial assets and liabilities within the fair value hierarchy at

September 30, 2017

and

December 31, 2016:

Fair Values Measured on a Recurring Basis

	Level 1		Level 2		Level 3		Total
	(In thousands)
As of September 30, 2017
Money Market Funds	$	12,586	$	--	$	--	$	12,586
Commercial Paper		--		12,948		--		12,948
Eurodollar Deposits		--		10,008		--		10,008
Total	$	12,586	$	22,956	$	--	$	35,542
As of December 31, 2016
Money Market Funds	$	11,200	$	--	$	--	$	11,200
Commercial Paper		--		21,450		--		21,450
Total	$	11,200	$	21,450	$	--	$	32,650

The Company

’s long-term debt is recorded at historical cost. The following are the carrying amounts and estimated fair values, using a Level

2

discounted cash flow analysis based primarily on estimated current rates available for debt of the same remaining duration and adjusted for nonperformance and credit risk:

	September 30, 2017		December 31, 2016
	(In thousands)
Total carrying amounts of long-term debt	$	1,693	$	3,540
Estimated fair value of long-term debt	$	1,690	$	3,533

The Company believes that the carrying amounts of trade accounts receivable, accounts payable and accrued expenses approximate their fair value due to the short maturity of those instruments.

Long-lived assets that are

not

recognized or disclosed at fair value in the financial statements on a recurring basis, which includes property and equipment, goodwill, intangibles, and cost method investments are measured at fair value in certain circumstances (for example, when there is evidence of impairment). As of

September 30, 2017,

and

December 31, 2016,

there was

no

indication of impairment related to these assets.