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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash and cash equivalents $ 13,000 $ 18,128
Restricted cash 52 521
Accounts receivable, net of allowance for doubtful accounts of $469 and $447 at September 30, 2015 and December 31, 2014, respectively 55,552 59,126
Inventories, net of reserves of $682 and $768 at September 30, 2015 and December 31, 2014, respectively 8,673 10,534
Other receivables 3,973 5,638
Prepaid expenses and other current assets 3,853 7,103
Total current assets 85,103 101,050
PROPERTY AND EQUIPMENT, net 24,852 26,604
IDENTIFIABLE INTANGIBLES, net 12,916 2,170
GOODWILL 40,778 8,366
OTHER ASSETS 2,321 2,556
Total assets 165,970 140,746
CURRENT LIABILITIES:    
Current portion of long-term debt and capital lease obligations 3,512 6,850
Trade accounts payable 29,356 38,842
Deferred revenue 5,600 9,098
Accrued expenses 35,412 28,473
Total current liabilities 73,880 83,263
LONG-TERM DEBT AND CAPITAL LEASE OBLIGATIONS, less current portion 34,870 4,062
DEFERRED REVENUE 4,197 5,355
DEFERRED RENT 4,430 4,870
OTHER LIABILITIES 5,074 3,091
Total liabilities $ 122,451 $ 100,641
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY:    
Preferred stock, $1.00 par value; 1,000,000 shares authorized; none issued or outstanding
Common stock, $0.001 par value; 35,000,000 shares authorized; 18,100,589 and 17,047,093 shares issued at September 30, 2015 and December 31, 2014, respectively; and 18,067,122 and 17,013,622 outstanding at September 30, 2015 and December 31, 2014, respectively $ 18 $ 17
Additional paid-in capital 140,890 129,457
Accumulated deficit (97,189) (89,926)
Accumulated other comprehensive income (75) 682
Treasury stock at cost, 33,467 shares (125) (125)
Total shareholders’ equity 43,519 40,105
Total liabilities and shareholders’ equity $ 165,970 $ 140,746