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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 13,170 $ 15,122
Restricted cash 99 48
Contract receivables, less allowances of $942 in 2016 and $930 in 2015:    
Billed 26,654 26,576
Unbilled 1,819 1,967
Receivables Net 28,473 28,543
Employee advances and miscellaneous receivables, less allowances of $564 in 2016 and $681 in 2015 1,710 1,740
Total receivables 30,183 30,283
Prepaid expenses and other current assets 3,657 2,323
Total current assets 47,109 47,776
Property and equipment 63,473 59,747
Less accumulated depreciation (51,242) (48,167)
Property and equipment, net 12,231 11,580
Goodwill 11,712 11,810
Intangible assets, less accumulated amortization of $35,850 in 2016 and $35,708 in 2015 5,477 6,684
Noncurrent portion of unbilled receivables 822 656
Deferred income taxes 2,864 1,361
Other assets 505 524
Total assets 80,720 80,391
Current liabilities:    
Accounts payable and accrued expenses 6,968 5,966
Accrued payroll and related expenses 11,049 11,278
Refund liabilities 7,892 7,887
Deferred revenue 804 965
Other current liabilities 39 39
Total current liabilities 26,752 26,135
Noncurrent refund liabilities 791 752
Other long-term liabilities 1,866 1,089
Total liabilities 29,409 27,976
Commitments and contingencies
Shareholders’ equity:    
Common stock, no par value; $.01 stated value per share. Authorized 50,000,000 shares; 21,804,173 shares issued and outstanding at September 30, 2016 and 22,681,656 shares issued and outstanding at December 31, 2015 218 227
Additional paid-in capital 574,028 575,532
Accumulated deficit (523,000) (524,138)
Accumulated other comprehensive income 65 794
Total shareholders’ equity 51,311 52,415
Total liabilities and shareholders’ equity $ 80,720 $ 80,391