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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 12,434 $ 15,419
Restricted cash 214 207
Accounts receivable, net of allowance for doubtful accounts of $1,071 and $585 at December 31, 2019 and December 31, 2018, respectively 72,262 72,415
Inventories, net of reserves of $291 and $298 at December 31, 2019 and December 31, 2018, respectively 3,281 6,090
Other receivables 3,324 4,014
Prepaid expenses and other current assets 6,954 6,943
Total current assets 98,469 105,088
PROPERTY AND EQUIPMENT, net 18,436 21,496
OPERATING LEASE RIGHT-OF-USE ASSETS, net 36,403  
IDENTIFIABLE INTANGIBLES, net 1,135 1,803
GOODWILL 45,393 45,185
OTHER ASSETS 3,772 3,501
Total assets 203,608 177,073
CURRENT LIABILITIES:    
Trade accounts payable 44,640 47,580
Accrued expenses 21,625 24,623
Current portion of operating lease liabilities 8,904  
Current portion of long-term debt and finance lease obligations 2,971 2,610
Deferred revenue 6,058 7,328
Total current liabilities 84,198 82,141
LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS, less current portion 34,829 39,348
DEFERRED REVENUE, less current portion 1,398 1,927
DEFERRED RENT 0 4,625
OPERATING LEASE LIABILITIES 33,295  
OTHER LIABILITIES 3,046 2,449
Total liabilities 156,766 130,490
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY:    
Preferred stock, $1.00 par value; 1,000,000 shares authorized; none issued or outstanding 0 0
Common stock, $0.001 par value; 35,000,000 shares authorized; 19,465,877 and 19,294,296 issued at December 31, 2019 and December 31, 2018, respectively; and 19,432,410 and 19,260,829 outstanding at December 31, 2019 and December 31, 2018, respectively 19 19
Additional paid-in capital 158,192 155,455
Accumulated deficit (109,943) (107,773)
Accumulated other comprehensive loss (1,301) (993)
Treasury stock at cost, 33,467 shares (125) (125)
Total shareholders’ equity 46,842 46,583
Total liabilities and shareholders’ equity $ 203,608 $ 177,073