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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 122,222,000 $ 126,158,000
Accounts receivable, net of allowance of $200 and $299, respectively 34,786,000 33,438,000
Prepaid expenses and other current assets 4,728,000 3,655,000
Total current assets 161,736,000 163,251,000
Property and equipment, net 16,076,000 11,325,000
Deferred tax assets 10,106,000 10,299,000
Goodwill 215,000 215,000
Intangible assets, net 4,603,000 5,028,000
Other non-current assets 9,497,000 1,651,000
Total assets 202,233,000 191,769,000
Current liabilities:    
Accounts payable 2,469,000 1,293,000
Accrued compensation and related benefits 5,150,000 4,812,000
Accrued and other current liabilities 2,924,000 2,382,000
Deferred revenues – current portion 5,740,000 4,702,000
Billings in excess of recognized revenue 312,000 1,267,000
Total current liabilities 16,595,000 14,456,000
Long-term income taxes payable 2,594,000 2,540,000
Other non-current liabilities 328,000 466,000
Total liabilities 19,517,000 17,462,000
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Preferred stock, $0.00015 par value, 5,000 shares authorized, no shares issued and outstanding 0 0
Common stock, $0.00015 par value, 70,000 shares authorized: shares issued 37,880 and 37,476, respectively; shares outstanding 31,311 and 31,111, respectively 5,000 5,000
Additional paid-in-capital 272,886,000 266,008,000
Treasury stock at cost, 6,569 and 6,365 shares in 2016 and 2015, respectively (53,301,000) (50,383,000)
Accumulated deficit (35,504,000) (39,780,000)
Accumulated other comprehensive loss (1,370,000) (1,543,000)
Total stockholders’ equity 182,716,000 174,307,000
Total liabilities and stockholders’ equity $ 202,233,000 $ 191,769,000