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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 14,948 $ 18,823
Restricted cash 112 51
Contract receivables, less allowances of $1,261 in 2018 and $1,499 in 2017:    
Billed 30,102 36,058
Unbilled 2,477 2,709
Receivables Net 32,579 38,767
Employee advances and miscellaneous receivables, less allowances of $314 in 2018 and $292 in 2017 1,748 1,665
Total receivables 34,327 40,432
Prepaid expenses and other current assets 4,163 4,608
Total current assets 53,550 63,914
Property and equipment 76,377 73,566
Less accumulated depreciation and amortization (57,553) (56,088)
Property and equipment, net 18,824 17,478
Goodwill 17,691 17,648
Intangible assets, less accumulated amortization of $41,553 in 2018 and $40,461 in 2017 17,785 18,478
Unbilled receivables 1,170 894
Deferred income taxes 1,322 1,538
Other assets 276 268
Total assets 110,618 120,218
Current liabilities:    
Accounts payable and accrued expenses 7,028 8,548
Accrued payroll and related expenses 9,067 13,078
Refund liabilities 8,032 7,864
Deferred revenue 1,741 1,431
Current portion of debt (Note 5) 48 48
Current portion of long-term incentive compensation liability 914 5,116
Business acquisition obligations (Note 9) 3,843 3,759
Total current liabilities 30,673 39,844
Long-term debt (Note 5) 13,534 13,526
Noncurrent business acquisition obligations (Note 9) 5,263 5,135
Refund liabilities 923 957
Other long-term liabilities 424 442
Total liabilities 50,817 59,904
Commitments and contingencies (Note 7)
Shareholders’ equity (Note 2):    
Common stock, no par value; $.01 stated value per share. Authorized 50,000,000 shares; 23,094,617 shares issued and outstanding at March 31, 2018 and 22,419,417 shares issued and outstanding at December 31, 2017 231 224
Additional paid-in capital 581,898 580,032
Accumulated deficit (522,710) (520,049)
Accumulated other comprehensive income 382 107
Total shareholders’ equity 59,801 60,314
Total liabilities and shareholders' equity $ 110,618 $ 120,218