10-Q/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C.  20549

FORM 10-Q/A

Amendment No. 1

[ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

For the Quarter Ended June 30, 2012.  Commission File Number 1-9720

OR

[    ] TRANSITION REPORT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

For the Transition Period From __________ to __________

Commission File Number __________

PAR TECHNOLOGY CORPORATION

(Exact name of registrant as specified in its charter)

Delaware	16-1434688
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification Number)
PAR Technology Park
8383 Seneca Turnpike
New Hartford, New York	13413-4991
(Address of principal executive offices)	(Zip Code)

Registrant's telephone number, including area code:  (315) 738-0600

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x  No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter ) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  Yes x  No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See definitions of "large accelerated filer", "accelerated filer", and "smaller reporting company" in Rule 12b-2 of the Exchange Act.  (Check one):

Large Accelerated Filer o Accelerated Filer o Non Accelerated Filer o Smaller Reporting Company x

(Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes oNo x

The number of shares outstanding of registrant's common stock, as of August 1, 2012 - 15,342,818 shares.

Explanatory Note

The purpose of this Amendment No.1 to our Quarterly Report on Form 10-Q for the period ended June 30, 2012 ("Form 10-Q"), as filed with the Securities and Exchange Commission ("SEC") on August 14, 2012, is to furnish Exhibits 101 to the Form 10-Q, which provide certain items from our Form 10-Q formatted in eXtensible Business Reporting Language ("XBRL"). Exhibits 101 were not previously disclosed in Item 6, Exhibits, in the Form 10-Q as filed with the SEC on August 14, 2012.

No other changes have been made to the Form 10-Q other than the furnishing of the exhibits described above. This Amendment No. 1 does not reflect subsequent events occurring after the original date of the Form 10-Q or modify or update in any way disclosures made in the Form 10-Q, or exhibits filed as part of the Form 10-Q.

Pursuant to Rule 406T of Regulation S-T, the XBRL related information in Exhibits 101 to this Quarterly Report on Form 10-Q shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and shall not be deemed "filed" with or a part of any registration statement or prospectus into which the Form 10-Q (or this Amendment No. 1 thereto) is incorporated by reference for purposes of Section 11 or 12 of the Securities Act of 1933, as amended, or otherwise subject to the liabilities of any of those sections.

Item 6.  Exhibits

List of Exhibits

 (a) Exhibits

Exhibit Number	Description of Document
101.INS	XBRL Instance Document.
101.SCH	XBRL Taxonomy Extension Schema Document.
101.CAL	XBRL Taxonomy Calculation Linkbase Document.
101.PRE	XBRL Taxonomy Presentation Linkbase Document.
101.LAB	XBRL Taxonomy Label Linkbase Document.
101.DEF	XBRL Taxonomy Definition Linkbase Document

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	PAR TECHNOLOGY CORPORATION
	(Registrant)
Date:  August 16, 2012
	/s/STEVEN M. MALONE
	Steven M. Malone
	Vice President, Controller, and Chief Accounting Officer

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Segment and Related Information, Reconciliation of Segment Assets (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Identifiable assets by business segment [Abstract]
Identifiable assets	$ 123,003	$ 112,761
Goodwill by business segment [Abstract]
Goodwill	6,852	6,852
UNITED STATES
Identifiable assets by business segment [Abstract]
Identifiable assets	108,711	100,310
Other Countries [Member]
Identifiable assets by business segment [Abstract]
Identifiable assets	14,292	12,451
Hospitality [Member]
Identifiable assets by business segment [Abstract]
Identifiable assets	92,524	89,135
Goodwill by business segment [Abstract]
Goodwill	6,116	6,116
Government [Member]
Identifiable assets by business segment [Abstract]
Identifiable assets	12,955	12,617
Goodwill by business segment [Abstract]
Goodwill	736	736
Other [Member]
Identifiable assets by business segment [Abstract]
Identifiable assets	$ 17,524	$ 11,009

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Accounts Receivable (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Accounts Receivable [Abstract]
Accounts receivable-net	$ 31,336	$ 30,680
Allowances for doubtful accounts	753,000	917,000
Government segment [Member]
Accounts Receivable [Abstract]
Accounts receivable-net	11,745	11,351
Government segment [Member] | Billed [Member]
Accounts Receivable [Abstract]
Accounts receivable-net	13,854	12,903
Government segment [Member] | Advance billings [Member]
Accounts Receivable [Abstract]
Accounts receivable-net	(2,109)	(1,552)
Hospitality segment [Member]
Accounts Receivable [Abstract]
Accounts receivable-net	$ 19,591	$ 19,329

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Accounts Receivable

6 Months Ended

Jun. 30, 2012

Accounts Receivable [Abstract]

Accounts Receivable

Note 3 - Accounts Receivable

	(in thousands)
	June 30,			December 31,
		2012			2011
Government segment:
Billed	$	13,854		$	12,903
Advanced billings		(2,109	)		(1,552	)
		11,745			11,351
Hospitality segment:
Accounts receivable - net		19,591			19,329
	$	31,336		$	30,680

At June 30, 2012 and December 31, 2011, the Company had recorded allowances for doubtful accounts of $753,000 and $917,000, respectively, primarily against Hospitality accounts receivable.

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Earnings per share (Details) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Reconciliation of the weighted average shares outstanding for the basic and diluted EPS computations [Abstract]
Income from continuing operations	$ (511)	$ (17,526)	$ 524	$ (16,785)
Basic:
Shares outstanding at beginning of period (in shares)	15,088,000	14,934,000	15,051,000	14,909,000
Weighted average shares issued during the period, net (in shares)	10,000	62,000	40,000	51,000
Weighted average common shares, basic (in shares)	15,098,000	14,996,000	15,091,000	14,960,000
Earnings from continuing operations per common share, basic (in dollars per share)	$ (0.03)	$ (1.17)	$ 0.03	$ (1.12)
Diluted:
Weighted average common shares, basic (in shares)	15,098,000	14,996,000	15,091,000	14,960,000
Dilutive impact of stock options and restricted stock awards (in shares)	0	0	72,000	0
Weighted average common shares, diluted (in shares)	15,098,000	14,996,000	15,163,000	14,960,000
Earnings from continuing operations per common share, diluted (in dollars per share)	$ (0.03)	$ (1.17)	$ 0.03	$ (1.12)
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive stock options outstanding (in shares)	652,000	648,000	647,000	521,000

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Stock Based Compensation (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 236,000	$ 194,000	$ 400,000	$ 231,000
Stock-based compensation expense, tax benefit				61,000
Non-vested equity awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 626,000		$ 626,000
2005 Equity Incentive Plan [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized under plan approved by directors (in shares)	135,000		135,000
2005 Equity Incentive Plan [Member] | Incentive Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized under plan approved by directors (in shares)	67,000		67,000

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Investments (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2012
Securities held to maturity
Amortized Cost	$ 250
Gross unrealized Gains	0
Gross Unrealized Losses	0
Fair Value	250
Investments, Amortized Cost	250
Investments, Gross unrealized Gains	0
Investments, Gross Unrealized Losses	0
Investment, Fair Value	$ 250
Period of maturity for certificates of deposit, minimum	3 months

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Fair Value of Financial Instruments (Details) (USD $)	6 Months Ended	12 Months Ended
	Jun. 30, 2012	Dec. 31, 2011
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Period of maturity for certificates of deposit, minimum	3 months
Cumulative unrealized loss	$ 4,000	$ 26,000

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Discontinued Operations

6 Months Ended

Jun. 30, 2012

Discontinued Operations [Abstract]

Discontinued Operations

Note 2 - Discontinued Operations

On January 12, 2012, PAR Technology Corporation completed its previously announced sale of substantially all of the assets of the PAR Logistics Management Systems Corporation (LMS) to ORBCOMM Inc. ("ORBCOMM").

The consideration payable by ORBCOMM at the closing with respect to substantially all the assets of LMS aggregates $6,123,000 comprised of $4,000,000 in cash and $2,123,000 in shares of common stock of ORBCOMM Inc. (the Closing Consideration).  Of the equity consideration, $1,274,000 (based on the fair value as of the date of closing) was held in escrow to settle future claims, with release dates of August 2012 and April 2013.  During the second quarter, the Company liquidated its common stock investment of ORBCOMM Inc. which resulted in it recording a realized loss for the three and six months ended June 30, 2012 of $572,000 and $210,000, respectively.  Of the total proceeds from the liquidation, $1.1 million remains in escrow.  The Company recorded its loss on liquidation of its investment within other income (expense), net, on its Consolidated Statement of Operations.

In addition to the Closing Consideration, contingent consideration of up to $3,950,000 is payable by ORBCOMM to PAR post-closing in cash, ORBCOMM common stock or a combination of cash and ORBCOMM common stock, at ORBCOMM's option.  Up to $3,000,000 of the contingent consideration will be payable based on LMS achieving certain agreed-upon new subscriber targets for calendar year 2012 and up to $950,000 of the contingent consideration will be payable based on LMS achieving agreed-upon sales targets for calendar years 2012 through 2014.

If paid in stock, the number of ORBCOMM shares to be issued to PAR will be based upon the average 20-day closing price of ORBCOMM common stock prior to the payment due date for such contingent consideration.

As of June 30, 2012, the Company has not recorded any amount associated with this contingent consideration as it does not believe achievement of the related targets are probable.

Summarized financial information for the Company's discontinued operations is as follows ( in thousands):

	June 30,		December 31,
	2012		2011
Assets
Cash	$	-	$	5
Accounts receivable - net		-		1,398
Inventories		-		1,355
Other assets		-		424
Total assets of discontinued operations	$	-	$	3,182
Liabilities
Accounts payable and accrued expenses	$	101		674
Accrued salaries and benefits		-		236
Other liabilities		-		15
Total liabilities of discontinued operations	$	101	$	925

Operations	For the three months ended June 30, 2012			For the three months ended June 30, 2011
Total revenues	$	-		$	1,843
Loss from discontinued operations before income taxes	$	(13	)	$	(529	)
Gain on disposition		-			-
(Provision) benefit for income taxes		3			207
Income (loss) from discontinued operations	$	(10	)	$	(322	)

Operations	For the six months ended June 30, 2012			For the six months ended June 30, 2011
Total revenues	$	136		$	3,515
Loss from discontinued operations before income taxes	$	(261	)	$	(1,068	)
Gain on disposition		2,588			-
(Provision) benefit for income taxes		(907	)		409
Income (loss) from discontinued operations	$	1,420		$	(659	)

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Segment and Related Information (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Segment and Related Information [Abstract]
Number of reportable segments			2
Number of hours of telephone support for hospitality segment (in hours)			24
Information as to the Company's segments [Abstract]
Revenues	$ 62,085	$ 56,441	$ 117,678	$ 110,617
Operating income (loss)	(543)	(27,160)	680	(25,957)
Other income, net	(366)	(157)	207	(129)
Interest expense	(21)	(67)	(42)	(115)
Income from continuing operations before provision for income taxes	(930)	(27,384)	845	(26,201)
Depreciation and amortization	919	684	1,744	1,388
Capital expenditures	1,988	2,592	3,161	5,630
Revenues by geographic area:
United States	54,205	49,075	102,570	97,025
Other Countries	7,880	7,366	15,108	13,592
Total	62,085	56,441	117,678	110,617
Hospitality [Member]
Information as to the Company's segments [Abstract]
Revenues	36,156	40,183	71,705	77,537
Operating income (loss)	(1,558)	(27,786)	(1,192)	(27,503)
Depreciation and amortization	782	568	1,525	1,157
Capital expenditures	1,885	2,564	3,016	5,547
Revenues by geographic area:
Total	36,156	40,183	71,705	77,537
Government [Member]
Information as to the Company's segments [Abstract]
Revenues	25,929	16,258	45,973	33,080
Operating income (loss)	1,251	865	2,272	1,823
Depreciation and amortization	19	21	38	40
Capital expenditures	0	20	0	20
Revenues by geographic area:
Total	25,929	16,258	45,973	33,080
Other [Member]
Information as to the Company's segments [Abstract]
Operating income (loss)	(236)	(239)	(400)	(277)
Depreciation and amortization	118	95	181	191
Capital expenditures	$ 103	$ 8	$ 145	$ 63

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CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Current assets:
Cash and cash equivalents	$ 16,895	$ 7,742
Investments	250	0
Accounts receivable-net	31,336	30,680
Inventories-net	23,469	25,260
Deferred income taxes	9,907	10,240
Other current assets	3,138	3,088
Escrow receivable	1,147	0
Total current assets	86,142	77,010
Property, plant and equipment - net	6,119	5,259
Deferred income taxes	5,116	5,605
Goodwill	6,852	6,852
Intangible assets - net	16,444	15,888
Other assets	2,330	2,147
Assets of discontinued operations	0	3,182
Total Assets	123,003	115,943
Current liabilities:
Current portion of long-term debt	599	1,494
Accounts payable	19,000	15,773
Accrued salaries and benefits	6,392	7,002
Accrued expenses	2,211	2,609
Customer deposits	714	1,137
Deferred service revenue	14,912	10,412
Income taxes payable	93	138
Total current liabilities	43,921	38,565
Long-term debt	1,173	1,249
Other long-term liabilities	3,101	2,837
Liabilities of discontinued operations	101	925
Shareholders' Equity:
Preferred stock, $.02 par value, 1,000,000 shares authorized	0	0
Common stock, $.02 par value, 29,000,000 shares authorized; 17,050,102 and 16,863,868 shares issued; 15,342,818 and 15,156,584 outstanding	341	337
Capital in excess of par value	43,413	42,990
Retained earnings	37,017	35,073
Accumulated other comprehensive loss	(232)	(201)
Treasury stock, at cost, 1,707,284 and 1,707,284 shares	(5,832)	(5,832)
Total shareholders' equity	74,707	72,367
Total Liabilities and Shareholders' Equity	$ 123,003	$ 115,943

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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $)	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Cash flows from operating activities:
Net income	$ 1,944,000	$ (17,444,000)
(Income) loss from discontinued operations	(1,420,000)	659,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Goodwill, Impairment Loss	0	20,843,000
Depreciation and amortization	1,744,000	1,388,000
Provision for bad debts	140,000	308,000
Provision for obsolete inventory	1,361,000	8,629,000
Equity based compensation	400,000	231,000
Deferred income tax	1,052,000	(9,826,000)
Changes in operating assets and liabilities:
Accounts receivable	(796,000)	3,986,000
Inventories	431,000	(5,481,000)
Income tax refunds/payable	(45,000)	(227,000)
Other current assets	(50,000)	(680,000)
Other assets	(183,000)	(86,000)
Accounts payable	3,232,000	(1,631,000)
Accrued salaries and benefits	(610,000)	(778,000)
Accrued expenses	(398,000)	(70,000)
Customer deposits	(423,000)	(1,330,000)
Deferred service revenue	4,501,000	2,046,000
Other long-term liabilities	262,000	145,000
Net cash provided by (used in) operating activities-continuing operations	11,142,000	682,000
Net cash used in operating activities-discontinued operations	(2,368,000)	(614,000)
Net cash provided by (used in) operating activities	8,774,000	68,000
Cash flows from investing activities:
Capital expenditures	(1,539,000)	(534,000)
Capitalization of software costs	(1,622,000)	(5,096,000)
Purchase of investments	(250,000)	0
Maturity of investments	1,912,000	0
Escrow	(1,147,000)	0
Proceeds from sale of business	4,000,000	0
Net cash provided by (used in) investing activities-continuing operations	1,354,000	(5,630,000)
Net cash (used in) investing activities-discontinued operations	0	(26,000)
Net cash provided by (used in) investing activities	1,354,000	(5,656,000)
Cash flows from financing activities:
Net borrowings (payments) under line-of-credit agreements	0	3,000,000
Payments of long-term debt	(971,000)	(818,000)
Proceeds from the exercise of stock options	27,000	132,000
Net cash provided by (used in) financing activities-continuing operations	(944,000)	2,314,000
Net cash used in financing activities-discontinued operations	0	0
Net cash provided by (used in) financing activities	(944,000)	2,314,000
Effect of exchange rate changes on cash and cash equivalents	(31,000)	181,000
Net increase (decrease) in cash and cash equivalents	9,153,000	(3,093,000)
Cash and cash equivalents at beginning of period	7,742,000	6,781,000
Cash and cash equivalents at end of period	16,895,000	3,688,000
Less cash and equivalents of discontinued operations at end of period	0	(5,000)
Cash and equivalents of continuing operations at end of period	16,895,000	3,683,000
Cash paid during the period for:
Interest	42,000	115,000
Income taxes, net of (refunds)	$ 45,000	$ 153,000

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Investments (Tables)

6 Months Ended

Jun. 30, 2012

Investments [Abstract]

Amortized cost and fair value of securities

The amortized cost and fair value of securities are as follows:

	June 30, 2012
	Amortized Cost		Gross unrealized gains		Gross unrealized losses		Fair Value
(amounts in thousands)
Securities held to maturity
Certificates of deposit	$	250	$	-	$	-	$	250
Total investments	$	250	$	-	$	-	$	250

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Discontinued Operations (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Dec. 31, 2011
Disposal Group, Including Discontinued Operation, Balance Sheet Disclosures [Abstract]
Consideration payable by ORBCOMM aggregate			$ 6,123,000
Amount of cash receivable as consideration			4,000,000
Value of common stock receivable as consideration			2,123,000
Amount held in escrow to settle future claims	1,274,000		1,274,000
Contingent consideration payable by ORBCOMM, maximum			3,950,000
Contingent consideration payable if new subscriber targets are met, maximum			3,000,000
Contingent consideration payable if sales targets are met, maximum			950,000
Number of days for which average closing price is taken for shares			20 days
Assets
Cash	0	(5,000)	0	(5,000)	5,000
Accounts receivable - net	0		0		1,398,000
Inventories	0		0		1,355,000
Other assets	0		0		424,000
Total assets of discontinued operations	0		0		3,182,000
Liabilities
Accounts payable and accrued expenses	101,000		101,000		674,000
Accrued salaries and benefits	0		0		236,000
Other liabilities	0		0		15,000
Total liabilities of discontinued operations	101,000		101,000		925,000
Operations [Abstract]
Total revenues	0	1,843,000	136,000	3,515,000
Loss from discontinued operations before income taxes	(13,000)	(529,000)	(261,000)	(1,068,000)
Gain on disposition	0	0	2,588,000	0
(Provision) benefit for income taxes	3,000	207,000	(907,000)	409,000
Income (loss) from discontinued operations	$ (10,000)	$ (322,000)	$ 1,420,000	$ (659,000)

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Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2012

Summary of Significant Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Note 1 - Summary of Significant Accounting Policies

The accompanying unaudited interim consolidated financial statements have been prepared by PAR Technology Corporation (the "Company" or "PAR") in accordance with U.S. generally accepted accounting principles for interim financial statements and with the instructions to Form 10-Q and Regulation S-X pertaining to interim financial statements.  Accordingly, these interim financial statements do not include all information and footnotes required by U.S. generally accepted accounting principles for complete financial statements.  In the opinion of the Company, such unaudited statements include all adjustments (which comprise only normal recurring accruals) necessary for a fair presentation of the results for such periods.  The results of operations for the three and six months ended June 30, 2012 are not necessarily indicative of the results of operations to be expected for any future period.  The consolidated financial statements and notes thereto should be read in conjunction with the audited consolidated financial statements and notes for the year ended December 31, 2011  included in the Company's December 31, 2011 Annual Report to the Securities and Exchange Commission on Form 10-K.

The preparation of consolidated financial statements requires management of the Company to make a number of estimates and assumptions relating to the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period.  Significant items subject to such estimates and assumptions include:  the carrying amount of property, plant and equipment, identifiable intangible assets and goodwill, equity based compensation, and valuation allowances for receivables, inventories and deferred income taxes.  Actual results could differ from those estimates.

The current economic conditions and the continued volatility in the U.S. and in many other countries in which the Company operates could contribute to decreased consumer confidence and continued economic uncertainty which may adversely impact the Company's operating performance.  Although the Company has seen an improvement in the markets which it serves, the continued volatility in these markets could have an impact on purchases of the Company's products, which could result in a reduction of sales, operating income and cash flows.  Reductions in these results could have a material adverse impact on the underlying estimates used in deriving the fair value of the Company's reporting units used in support of its annual goodwill impairment test.  These conditions may result in an impairment charge in future periods.

Certain amounts for prior periods have been reclassified to conform to the current period classification.

During the first quarter of fiscal year 2012, the Company sold substantially all of the assets of its Logistics Management business, PAR Logistics Management Systems Corporation (LMS) to ORBCOMM Inc., including but not limited to accounts receivable, inventory, equipment, intellectual property, and customer contracts.  The transaction closed on January 12, 2012.   The results of operations of LMS for fiscal years 2012 and 2011 have been recorded as discontinued operations in accordance with Accounting Standards Codification (ASC) 205-20, Presentation of Financial Statements - Discontinued Operations.

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CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) (USD $) In Millions, except Per Share data, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Shareholders Equity:
Preferred stock, par value (in dollars per share)	$ 0.02	$ 0.02
Preferred stock, authorized (in shares)	1,000,000	1,000,000
Common stock, par value (in dollars per share)	$ 0.02	$ 0.02
Common stock, authorized (in shares)	29,000,000	29,000,000
Common stock, issued (in shares)	17,050,102	16,863,868
Common stock, outstanding (in shares)	15,342,818	15,156,584
Treasury stock, at cost (in shares)	1,707,284	1,707,284

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Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2012

Discontinued Operations [Abstract]

Summarized financial information of discontinued operations

Summarized financial information for the Company's discontinued operations is as follows ( in thousands):

	June 30,		December 31,
	2012		2011
Assets
Cash	$	-	$	5
Accounts receivable - net		-		1,398
Inventories		-		1,355
Other assets		-		424
Total assets of discontinued operations	$	-	$	3,182
Liabilities
Accounts payable and accrued expenses	$	101		674
Accrued salaries and benefits		-		236
Other liabilities		-		15
Total liabilities of discontinued operations	$	101	$	925

Operations	For the three months ended June 30, 2012			For the three months ended June 30, 2011
Total revenues	$	-		$	1,843
Loss from discontinued operations before income taxes	$	(13	)	$	(529	)
Gain on disposition		-			-
(Provision) benefit for income taxes		3			207
Income (loss) from discontinued operations	$	(10	)	$	(322	)

Operations	For the six months ended June 30, 2012			For the six months ended June 30, 2011
Total revenues	$	136		$	3,515
Loss from discontinued operations before income taxes	$	(261	)	$	(1,068	)
Gain on disposition		2,588			-
(Provision) benefit for income taxes		(907	)		409
Income (loss) from discontinued operations	$	1,420		$	(659	)

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Document and Entity Information (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Document and Entity Information [Abstract]
Entity Registrant Name	PAR TECHNOLOGY CORP
Entity Central Index Key	0000708821
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	No
Entity Filer Category	Smaller Reporting Company
Entity Public Float		$ 34,220,893
Entity Common Stock, Shares Outstanding	15,342,818
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q2
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2012

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Accounts Receivable (Tables)

6 Months Ended

Jun. 30, 2012

Accounts Receivable [Abstract]

Accounts receivable

	(in thousands)
	June 30,			December 31,
		2012			2011
Government segment:
Billed	$	13,854		$	12,903
Advanced billings		(2,109	)		(1,552	)
		11,745			11,351
Hospitality segment:
Accounts receivable - net		19,591			19,329
	$	31,336		$	30,680

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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Net revenues:
Product	$ 20,142	$ 22,743	$ 40,312	$ 44,453
Service	16,014	17,440	31,393	33,084
Contract	25,929	16,258	45,973	33,080
Revenue, net	62,085	56,441	117,678	110,617
Costs of sales:
Product	14,041	13,963	25,018	27,134
Service	11,473	20,285	22,038	30,992
Contract	24,584	15,336	43,567	31,145
Cost of goods and services sold	50,098	49,584	90,623	89,271
Gross margin	11,987	6,857	27,055	21,346
Operating expenses:
Selling, general and administrative	9,291	9,647	19,434	18,985
Research and development	3,089	3,322	6,638	7,065
Impairment of goodwill and intangible assets	0	20,843	0	20,843
Amortization of identifiable intangible assets	150	205	303	410
Operating expenses	12,530	34,017	26,375	47,303
Operating income from continuing operations	(543)	(27,160)	680	(25,957)
Other income, net	(366)	(157)	207	(129)
Interest expense	(21)	(67)	(42)	(115)
Income from continuing operations before provision for income taxes	(930)	(27,384)	845	(26,201)
Provision for income taxes	419	9,858	(321)	9,416
Income from continuing operations	(511)	(17,526)	524	(16,785)
Discontinued Operations
Income (loss) on discontinued operations (net of tax)	(10)	(322)	1,420	(659)
Net income	$ (521)	$ (17,848)	$ 1,944	$ (17,444)
Basic Earnings per Share:
Income from continuing operations (in dollars per share)	$ (0.03)	$ (1.17)	$ 0.03	$ (1.12)
Income (loss) from discontinued operations (in dollars per share)	$ 0	$ (0.02)	$ 0.09	$ (0.04)
Net income (in dollars per share)	$ (0.03)	$ (1.19)	$ 0.13	$ (1.17)
Diluted Earnings per Share:
Income from continuing operations (in dollars per share)	$ (0.03)	$ (1.17)	$ 0.03	$ (1.12)
Income (loss) from discontinued operations (in dollars per share)	$ 0	$ (0.02)	$ 0.09	$ (0.04)
Net income (in dollars per share)	$ (0.03)	$ (1.19)	$ 0.13	$ (1.17)
Weighted average shares outstanding
Basic (in shares)	15,098	14,996	15,091	14,960
Diluted (in shares)	15,098	14,996	15,163	14,960

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Stock Based Compensation

6 Months Ended

Jun. 30, 2012

Stock Based Compensation [Abstract]

Stock Based Compensation

Note 6 - Stock Based Compensation

The Company applies the fair value recognition provisions of ASC Topic 718 Stock-Based Compensation.  Total stock-based compensation expense included within operating expenses for the three and six months ended June 30, 2012 was $236,000 and $400,000, respectively.  Total stock-based compensation expense included within operating expenses for the three and six months ended June 30, 2011 was $194,000 and $231,000, respectively.  These amounts were recorded net of benefits of $61,000, as the result of forfeitures of unvested stock options prior to the completion of the requisite service period.  At June 30, 2012, the unrecognized compensation expense related to non-vested equity awards was $626,000 (net of estimated forfeitures), which is expected to be recognized as compensation expense in fiscal years 2011 through 2015.

On April 23, 2012, the Company's Compensation Committee of its Board of Directors approved the granting of 135,000 restricted stock awards and 67,000 incentive stock options to various employees of the Company under the 2005 Equity Incentive Plan.  The restricted stock awards are performance based and vest upon the achievement of financial goals from fiscal years 2012 through 2014.  These grant agreements expire if the related performance conditions are not met by December 31, 2014.

The incentive stock options granted are service based awards that vest ratably through fiscal year 2014.

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Identifiable intangible assets

6 Months Ended

Jun. 30, 2012

Identifiable intangible assets [Abstract]

Identifiable intangible assets

Note 5 - Identifiable intangible assets

The Company capitalizes certain costs related to the development of computer software sold by its Hospitality segment. Software development costs incurred prior to establishing technological feasibility are charged to operations and included in research and development costs in the period the costs are incurred.  Software development costs incurred after establishing technological feasibility (as defined within ASC 985-20) are capitalized and amortized on a product-by-product basis when the product is available for general release to customers.  Software costs capitalized during the three and six months ended June 30, 2012 were $942,000 and $1,622,000, respectively.  Capitalized software for the three and six months ended June 30, 2011 were $2,362,000 and $5,096,000, respectively.

Annual amortization, charged to cost of sales when the product is available for general release to customers, is computed using the greater of (a) the straight-line method over the remaining estimated economic life of the product, generally three to seven years or (b) the ratio that current gross revenues for a product bear to the total of current and anticipated future gross revenues for that product. Amortization of capitalized software costs for the three and six months ended June 30, 2012 was $398,000 and $764,000, respectively.  Amortization for the three and six months ended June 30, 2011 was $128,000 and $282,000.

The Company acquired identifiable intangible assets in connection with its acquisitions in prior years.  Amortization of identifiable intangible assets for the three and six months ended June 30, 2012 was $150,000 and $303,000, respectively.   Amortization for the three and six months ended June 30, 2011 was $205,000 and $410,000, respectively.

The components of identifiable intangible assets are:

	(in thousands)
	June 30,			December 31,
	2012			2011
Acquired and internally developed software costs	$	19,522		$	17,902
Customer relationships		4,519			4,519
Trademarks (non-amortizable)		2,100			2,100
Other		690			690
		26,831			25,211
Less accumulated amortization		(10,387	)		(9,323	)
	$	16,444		$	15,888

The future amortization of these intangible assets assuming straight-line amortization of capitalized software costs is as follows (in thousands):

2012	$	1,176
2013		2,483
2014		2,459
2015		2,167
2016		2,165
Thereafter		3,894
Total	$	14,344

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Segment and Related Information (Tables)

6 Months Ended

Jun. 30, 2012

Segment and Related Information [Abstract]

Information of the Company's segments

Information as to the Company's segments is set forth below.  Amounts below exclude discontinued operations.

	(in thousands)						(in thousands)
	For the three months						For the six months
	ended June 30,						ended June 30,
		2012			2011			2012			2011
Revenues:
Hospitality	$	36,156		$	40,183		$	71,705		$	77,537
Government		25,929			16,258			45,973			33,080
Total	$	62,085		$	56,441		$	117,678		$	110,617
Operating income (loss) from continuing operations:
Hospitality	$	(1,558	)	$	(27,786	)	$	(1,192	)	$	(27,503	)
Government		1,251			865			2,272			1,823
Other		(236	)		(239	)		(400	)		(277	)
		(543	)		(27,160	)		680			(25,957	)
Other income, net		(366	)		(157	)		207			(129	)
Interest expense		(21	)		(67	)		(42	)		(115	)
Income from continuing operations before provision for income taxes	$	(930	)	$	(27,384	)	$	845		$	(26,201	)
Depreciation and amortization:
Hospitality	$	782		$	568		$	1,525		$	1,157
Government		19			21			38			40
Other		118			95			181			191
Total	$	919		$	684		$	1,744		$	1,388
Capital expenditures:
Hospitality	$	1,885		$	2,564		$	3,016		$	5,547
Government		-			20			-			20
Other		103			8			145			63
Total	$	1,988		$	2,592		$	3,161		$	5,630
Revenues by geographic area:
United States	$	54,205		$	49,075		$	102,570		$	97,025
Other Countries		7,880			7,366			15,108			13,592
Total	$	62,085		$	56,441		$	117,678		$	110,617

Identifiable assets by business segment

The following table represents identifiable assets by business segment:

	(in thousands)
	June 30,			December 31,
	2012			2011
Identifiable assets:
Hospitality		$	92,524		$	89,135
Government			12,955			12,617
Other			17,524			11,009
Total		$	123,003		$	112,761

Identifiable assets by geographic area

The following table represents identifiable assets by geographic area based on the location of the assets:

	(in thousands)
	June 30,			December 31,
	2012			2011
United States		$	108,711		$	100,310
Other Countries			14,292			12,451
Total		$	123,003		$	112,761

Goodwill by business segment

The following table represents Goodwill by business segment:

	(in thousands)
	June 30,			December 31,
	2012			2011
Hospitality		$	6,116		$	6,116
Government			736			736
Total		$	6,852		$	6,852

Revenue by major customers

Customers comprising 10% or more of the Company's total revenues are summarized as follows:

	For the Three Months Ended June 30,		For the Six Months Ended June 30,
	2012	2011	2012	2011
Hospitality segment:
McDonald's Corporation	19%	28%	18%	30%
Yum! Brands, Inc.	14%	13%	14%	12%
Government segment:
U.S. Department of Defense	42%	29%	39%	30%
All Others	25%	30%	29%	28%
	100%	100%	100%	100%

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Inventories (Tables)

6 Months Ended

Jun. 30, 2012

Inventories [Abstract]

Components of inventory

Inventories are primarily used in the manufacture and service of Hospitality products.  The components of inventory consist of the following:

	(in thousands)
	June 30,			December 31,
	2012			2011
Finished Goods		$	9,061		$	9,325
Work in process			958			1,007
Component parts			5,345			6,138
Service parts			8,105			8,790
		$	23,469		$	25,260

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Fair Value of Financial Instruments

6 Months Ended

Jun. 30, 2012

Fair Value of Financial Instruments [Abstract]

Fair Value of Financial Instruments

Note 9 - Fair Value of Financial Instruments

The Company utilizes the fair value provisions of ASC Topic 820 Fair Value Measurements and Disclosures.  ASC Topic 820 describes a fair value hierarchy based upon three levels of input, which are:

Level 1 − quoted prices in active markets for identical assets or liabilities (observable)

Level 2 − inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities, quoted prices in inactive markets, or other inputs that are observable market data for essentially the full term of the asset or liability (observable)

Level 3 − unobservable inputs that are supported by little or no market activity, but are significant to determining the fair value of the asset or liability (unobservable)

The Company's held to maturity investments consist of certificates of deposit with maturity dates beyond three months.  The carrying amounts of the certificates of deposit were considered representative of their respective fair values.

The Company's interest rate swap agreement is valued at the amount the Company would have expected to pay to terminate the agreement.  The fair value determination was based upon the present value of expected future cash flows using the LIBOR rate, plus an applicable interest rate spread, a technique classified within Level 2 of the valuation hierarchy described above.  At June 30, 2012 and December 31, 2011, the fair market value of the Company's interest rate swap included a cumulative unrealized loss of $4,000 and $26,000, respectively, which were recorded as components of interest expense within the consolidated statements of operations and as components of accrued expenses within the consolidated balance sheets.

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Earnings per share

6 Months Ended

Jun. 30, 2012

Earnings per share [Abstract]

Earnings per share

Note 7 - Earnings per share

Earnings per share are calculated in accordance with ASC Topic 260, which specifies the computation, presentation and disclosure requirements for earnings per share (EPS).  It requires the presentation of basic and diluted EPS.  Basic EPS excludes all dilution and is based upon the weighted average number of common shares outstanding during the period.  Diluted EPS reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted into common stock. 

For the three and six months ended June 30, 2012, there were 652,000 and 647,000, respectively, anti-dilutive stock options.  For the three and six months ended June 30, 2011, there were 648,000 and 521,000, respectively anti-dilutive stock options outstanding.

The following is a reconciliation of the weighted average shares outstanding for the basic and diluted EPS computations (in thousands, except per share data):

	For the three months
	ended June 30,
		2012			2011
Loss from continuing operations	$	(511	)	$	(17,526	)
Basic:
Shares outstanding at beginning of period		15,088			14,934
Weighted average shares issued during the period, net		10			62
Weighted average common shares, basic		15,098			14,996
Earnings/(loss) from continuing operations per common share, basic	$	(0.03	)	$	(1.17	)
Diluted:
Weighted average common shares, basic		15,098			14,996
Dilutive impact of stock options and restricted stock awards		-			-
Weighted average common shares, diluted		15,098			14,996
Earnings/(loss) from continuing operations per common share, diluted	$	(0.03	)	$	(1.17	)

	For the six months
	ended June 30,
		2012		2011
Income (loss) from continuing operations	$	524	$	(16,785	)
Basic:
Shares outstanding at beginning of period		15,051		14,909
Weighted average shares issued during the period, net		40		51
Weighted average common shares, basic		15,091		14,960
Earnings/(loss) from continuing operations per common share, basic	$	0.03	$	(1.12	)
Diluted:
Weighted average common shares, basic		15,091		14,960
Dilutive impact of stock options and restricted stock awards		72		-
Weighted average common shares, diluted		15,163		14,960
Earnings/(loss) from continuing operations per common share, diluted	$	0.03	$	(1.12	)

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Investments

6 Months Ended

Jun. 30, 2012

Investments [Abstract]

Investments

The amortized cost and fair value of securities are as follows:

	June 30, 2012
	Amortized Cost		Gross unrealized gains		Gross unrealized losses		Fair Value
(amounts in thousands)
Securities held to maturity
Certificates of deposit	$	250	$	-	$	-	$	250
Total investments	$	250	$	-	$	-	$	250

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Segment and Related Information

6 Months Ended

Jun. 30, 2012

Segment and Related Information [Abstract]

Segment and Related Information

Note 10 - Segment and Related Information

The Company's reportable segments are strategic business units that have separate management teams and infrastructures that offer different products and services.

The Company has two reportable segments, Hospitality and Government.  The Hospitality segment offers integrated solutions to the hospitality industry.  These offerings include industry leading hardware and software applications utilized at the point-of-sale, back of store and corporate office.  This segment also offers customer support including field service, installation, twenty-four hour telephone support and depot repair.  The Government segment develops and delivers geospatial and full motion video solutions to federal/state governments and industry; and provides communications and information technology support services to the United States Department of Defense.  Intersegment sales and transfers are not significant.

Information noted as "Other" primarily relates to the Company's corporate, home office operations.

Information as to the Company's segments is set forth below.  Amounts below exclude discontinued operations.

	(in thousands)						(in thousands)
	For the three months						For the six months
	ended June 30,						ended June 30,
		2012			2011			2012			2011
Revenues:
Hospitality	$	36,156		$	40,183		$	71,705		$	77,537
Government		25,929			16,258			45,973			33,080
Total	$	62,085		$	56,441		$	117,678		$	110,617
Operating income (loss) from continuing operations:
Hospitality	$	(1,558	)	$	(27,786	)	$	(1,192	)	$	(27,503	)
Government		1,251			865			2,272			1,823
Other		(236	)		(239	)		(400	)		(277	)
		(543	)		(27,160	)		680			(25,957	)
Other income, net		(366	)		(157	)		207			(129	)
Interest expense		(21	)		(67	)		(42	)		(115	)
Income from continuing operations before provision for income taxes	$	(930	)	$	(27,384	)	$	845		$	(26,201	)
Depreciation and amortization:
Hospitality	$	782		$	568		$	1,525		$	1,157
Government		19			21			38			40
Other		118			95			181			191
Total	$	919		$	684		$	1,744		$	1,388
Capital expenditures:
Hospitality	$	1,885		$	2,564		$	3,016		$	5,547
Government		-			20			-			20
Other		103			8			145			63
Total	$	1,988		$	2,592		$	3,161		$	5,630
Revenues by geographic area:
United States	$	54,205		$	49,075		$	102,570		$	97,025
Other Countries		7,880			7,366			15,108			13,592
Total	$	62,085		$	56,441		$	117,678		$	110,617

The following table represents identifiable assets by business segment:

	(in thousands)
	June 30,			December 31,
	2012			2011
Identifiable assets:
Hospitality		$	92,524		$	89,135
Government			12,955			12,617
Other			17,524			11,009
Total		$	123,003		$	112,761

The following table represents identifiable assets by geographic area based on the location of the assets:

	(in thousands)
	June 30,			December 31,
	2012			2011
United States		$	108,711		$	100,310
Other Countries			14,292			12,451
Total		$	123,003		$	112,761

The following table represents Goodwill by business segment:

	(in thousands)
	June 30,			December 31,
	2012			2011
Hospitality		$	6,116		$	6,116
Government			736			736
Total		$	6,852		$	6,852

Customers comprising 10% or more of the Company's total revenues are summarized as follows:

	For the Three Months Ended June 30,		For the Six Months Ended June 30,
	2012	2011	2012	2011
Hospitality segment:
McDonald's Corporation	19%	28%	18%	30%
Yum! Brands, Inc.	14%	13%	14%	12%
Government segment:
U.S. Department of Defense	42%	29%	39%	30%
All Others	25%	30%	29%	28%
	100%	100%	100%	100%

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Segment and Related Information, Revenue By Major Customer (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Revenue, Major Customer [Line Items]
Percentage contributed in revenue by customers, minimum (in hundredths)			100.00%
Hospitality segment [Member] | McDonald's Corporation [Member]
Revenue, Major Customer [Line Items]
Percentage contributed in revenue by customers, minimum (in hundredths)	19.00%	28.00%	18.00%	30.00%
Hospitality segment [Member] | Yum! Brands, Inc. [Member]
Revenue, Major Customer [Line Items]
Percentage contributed in revenue by customers, minimum (in hundredths)	14.00%	13.00%	14.00%	12.00%
Government segment [Member] | U.S. Department of Defense [Member]
Revenue, Major Customer [Line Items]
Percentage contributed in revenue by customers, minimum (in hundredths)	42.00%	29.00%	39.00%	30.00%
All Others [Member]
Revenue, Major Customer [Line Items]
Percentage contributed in revenue by customers, minimum (in hundredths)	25.00%	30.00%	29.00%	28.00%

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Earnings per share (Tables)

6 Months Ended

Jun. 30, 2012

Earnings per share [Abstract]

Reconciliation of the weighted average shares outstanding for the basic and diluted EPS computations

The following is a reconciliation of the weighted average shares outstanding for the basic and diluted EPS computations (in thousands, except per share data):

	For the three months
	ended June 30,
		2012			2011
Loss from continuing operations	$	(511	)	$	(17,526	)
Basic:
Shares outstanding at beginning of period		15,088			14,934
Weighted average shares issued during the period, net		10			62
Weighted average common shares, basic		15,098			14,996
Earnings/(loss) from continuing operations per common share, basic	$	(0.03	)	$	(1.17	)
Diluted:
Weighted average common shares, basic		15,098			14,996
Dilutive impact of stock options and restricted stock awards		-			-
Weighted average common shares, diluted		15,098			14,996
Earnings/(loss) from continuing operations per common share, diluted	$	(0.03	)	$	(1.17	)

	For the six months
	ended June 30,
		2012		2011
Income (loss) from continuing operations	$	524	$	(16,785	)
Basic:
Shares outstanding at beginning of period		15,051		14,909
Weighted average shares issued during the period, net		40		51
Weighted average common shares, basic		15,091		14,960
Earnings/(loss) from continuing operations per common share, basic	$	0.03	$	(1.12	)
Diluted:
Weighted average common shares, basic		15,091		14,960
Dilutive impact of stock options and restricted stock awards		72		-
Weighted average common shares, diluted		15,163		14,960
Earnings/(loss) from continuing operations per common share, diluted	$	0.03	$	(1.12	)

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Inventories (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Component of inventory use in hospitality product [Abstract]
Finished Goods	$ 9,061	$ 9,325
Work in process	958	1,007
Component parts	5,345	6,138
Service parts	8,105	8,790
Inventory net	$ 23,469	$ 25,260

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) [Abstract]
Net income	$ (521)	$ (17,848)	$ 1,944	$ (17,444)
Foreign currency translation adjustments	(181)	295	(31)	937
Comprehensive income	$ (702)	$ (17,553)	$ 1,913	$ (16,507)

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Inventories

6 Months Ended

Jun. 30, 2012

Inventories [Abstract]

Inventories

Note 4 - Inventories

Inventories are primarily used in the manufacture and service of Hospitality products.  The components of inventory consist of the following:

	(in thousands)
	June 30,			December 31,
	2012			2011
Finished Goods		$	9,061		$	9,325
Work in process			958			1,007
Component parts			5,345			6,138
Service parts			8,105			8,790
		$	23,469		$	25,260

XML

Identifiable intangible assets (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Dec. 31, 2011
Finite-Lived Intangible Assets [Line Items]
Software costs capitalized	$ 942,000	$ 2,362,000	$ 1,622,000	$ 5,096,000
Amortization of capitalized software costs	398,000	128,000	764,000	282,000
Amortization of identifiable intangible assets	150,000	205,000	303,000	410,000
Components of identifiable intangible assets [Abstract]
Intangible assets - gross	26,831,000		26,831,000		25,211,000
Less accumulated amortization	(10,387,000)		(10,387,000)		(9,323,000)
Intangible assets - net	16,444,000		16,444,000		15,888,000
Future amortization of intangible assets assuming straight-line amortization of capitalized software costs [Abstract]
2012	1,176,000		1,176,000
2013	2,483,000		2,483,000
2014	2,459,000		2,459,000
2015	2,167,000		2,167,000
2016	2,165,000		2,165,000
Thereafter	3,894,000		3,894,000
Total	14,344,000		14,344,000
Acquired and internally developed software costs [Member]
Components of identifiable intangible assets [Abstract]
Intangible assets - gross	19,522,000		19,522,000		17,902,000
Customer relationships [Member]
Components of identifiable intangible assets [Abstract]
Intangible assets - gross	4,519,000		4,519,000		4,519,000
Trademarks (non-amortizable) [Member]
Components of identifiable intangible assets [Abstract]
Intangible assets - gross	2,100,000		2,100,000		2,100,000
Other [Member]
Components of identifiable intangible assets [Abstract]
Intangible assets - gross	$ 690,000		$ 690,000		$ 690,000
Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Remaining estimated economic life of the product			3 years
Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Remaining estimated economic life of the product			7 years

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Identifiable intangible assets (Tables)

6 Months Ended

Jun. 30, 2012

Identifiable intangible assets [Abstract]

Components of identifiable intangible assets

The components of identifiable intangible assets are:

	(in thousands)
	June 30,			December 31,
	2012			2011
Acquired and internally developed software costs	$	19,522		$	17,902
Customer relationships		4,519			4,519
Trademarks (non-amortizable)		2,100			2,100
Other		690			690
		26,831			25,211
Less accumulated amortization		(10,387	)		(9,323	)
	$	16,444		$	15,888

Future amortization of intangible assets

The future amortization of these intangible assets assuming straight-line amortization of capitalized software costs is as follows (in thousands):

2012	$	1,176
2013		2,483
2014		2,459
2015		2,167
2016		2,165
Thereafter		3,894
Total	$	14,344