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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 5,230 $ 10,857
Accounts receivable, net of allowance for doubtful accounts of $9 (2017) and $15 (2016) 7,953 7,972
Prepaid expenses and other current assets 3,659 3,864
Inventory 250 250
Income tax receivable 2,665 3,314
Deferred subscription solicitation and commission costs 5,974 5,050
Assets held for sale 0 104
Total current assets 25,731 31,411
PROPERTY AND EQUIPMENT, net 10,453 10,611
GOODWILL 9,763 9,763
INTANGIBLE ASSETS, net 163 210
OTHER ASSETS 1,114 862
TOTAL ASSETS 47,224 52,857
CURRENT LIABILITIES:    
Accounts payable 4,204 2,536
Accrued expenses and other current liabilities 9,844 11,068
Accrued payroll and employee benefits 3,460 4,256
Commissions payable 299 316
Current portion of long-term debt, net 3,561 2,146
Capital leases, current portion 450 471
Deferred revenue 7,350 8,295
Liabilities held for sale 0 104
Total current liabilities 29,168 29,192
LONG-TERM DEBT, net 8,833 10,092
OBLIGATIONS UNDER CAPITAL LEASES, less current portion 751 865
OTHER LONG-TERM LIABILITIES 3,352 3,436
DEFERRED TAX LIABILITY, net 1,905 1,905
TOTAL LIABILITIES 44,009 45,490
COMMITMENTS AND CONTINGENCIES (see Notes 14 and 16)
STOCKHOLDERS’ EQUITY:    
Common stock at $0.01 par value, shares authorized 50,000; shares issued 27,592 (2017) and 27,303 (2016); shares outstanding 24,014 (2017) and 23,733 (2016) 276 273
Additional paid-in capital 142,927 142,247
Treasury stock, shares at cost; 3,578 (2017) and 3,570 (2016) (33,855) (33,822)
Accumulated deficit (106,133) (101,331)
TOTAL STOCKHOLDERS’ EQUITY 3,215 7,367
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 47,224 $ 52,857