Note 1 - Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2018

	As reported March 31, 2018			Adjustments			Balances without Adoption of ASC 606
Accounts receivable, net	$	14,306		$	12		$	14,318
Other current assets		96			(88	)		8
All other current assets		37,876			--			37,876
Total current assets		52,278			(76	)		52,202
Deferred contract costs		3,571			(3,571	)		--
All other noncurrent assets		75,127			--			75,127
Total assets	$	130,976		$	(3,647	)	$	127,329

Deferred revenue	$	16,965		$	176		$	17,141
Other current liabilities		12,519			--			12,519
Total current liabilities		29,484			176			29,660
Deferred income taxes		5,153			(876	)		4,277
Other long term liabilities		975			--			975
Total liabilities		35,612			(700	)		34,912

Retained earnings		83,392			(2,945	)		80,447
Accumulated other comprehensive income		(2,049	)		(2	)		(2,051	)
Other stockholders’ equity		14,021			--			14,021
Total stockholders’ equity		95,364			(2,947	)		92,417
Total liabilities and stockholders’ equity	$	130,976		$	(3,647	)	$	127,329

	As reported for the three months ended March 31, 2018		Adjustments			Balances Without Adoption of ASC 606
Revenue	$	31,017	$	(73	)	$	30,944

Direct expenses		12,909		31			12,940
Selling, general and administrative		7,867		168			8,035
Depreciation and amortization		1,283		--			1,283
Total operating expenses		22,059		199			22,258
Operating income		8,958		(272	)		8,686
Other income (expense)		9		--			9
Income before income taxes		8,967		(272	)		8,695
Income tax expense		1,661		(62	)		1,599
Net income	$	7,306	$	(210	)	$	7,096
Earnings per share of common stock:
Basic earnings per share:
Class A	$	0.17	$	--		$	0.17
Class B		1.04		(0.03	)		1.01
Diluted earnings per share:
Class A	$	0.17	$	(0.01	)	$	0.16
Class B		1.01		(0.03	)		0.98

	As reported for the three months ended March 31, 2018			Adjustments			Balances without adoption of ASC 606
Net Income	$	7,306		$	(210	)	$	7,096
Cumulative translation adjustment		(414	)		(2	)		(416	)
Comprehensive Income	$	6,892		$	(212	)	$	6,680

	As reported for the three months ended March 31, 2018			Adjustments			Balances without adoption of ASC 606
Cash flows from operating activities:
Net income	$	7,306		$	(210	)	$	7,096
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		1,283			--			1,283
Deferred income taxes		328			(62	)		266
Reserve for uncertain tax positions		52			--			52
Non-cash share-based compensation expense		455			--			455
Change in assets and liabilities:
Trade accounts receivable and unbilled revenue		395			121			516
Prepaid expenses and other current assets		(208	)		14			(194	)
Deferred contract costs		(200	)		200			--
Accounts payable		57			--			57
Accrued expenses, wages, bonus and profit sharing		(2,669	)		--			(2,669	)
Income taxes receivable and payable		1,171			--			1,171
Deferred revenue		258			(61	)		197
Net cash provided by operating activities		8,228			2			8,230
Net cash used in investing activities		(1,298	)		--			(1,298	)
Net cash used in financing activities		(5,851	)		--			(5,851	)
Effect of exchange rate changes on cash		(334	)		(2	)		(336	)
Change in cash and cash equivalents		745			--			745
Cash and cash equivalents at beginning of period		34,733			--			34,733
Cash and cash equivalents at end of period	$	35,478			--		$	35,478

	March 31, 2018		December 31, 2017
	(In thousands)
Total carrying amount of long-term debt	$	--	$	1,067
Estimated fair value of long-term debt	$	--	$	1,066