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Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current Assets:    
Cash and cash equivalents $ 9,407,000 $ 10,801,000
Accounts receivable, net of allowances of $469 and $377 in 2016 and 2015, respectively 71,355,000 71,403,000
Prepaid and other current assets 2,010,000 1,770,000
Deferred income taxes 869,000 804,000
Total current assets 83,641,000 84,778,000
Property, equipment and capitalized software, net 5,863,000 5,488,000
Goodwill   37,231,000
Deferred income taxes 6,017,000 5,573,000
Cash surrender value of life insurance 31,024,000 29,753,000
Investments 370,000 254,000
Total assets 126,915,000 163,077,000
Current Liabilities:    
Accounts payable 6,973,000 8,236,000
Accrued compensation 17,365,000 17,541,000
Advance billings on contracts 935,000 945,000
Dividend payable   925,000
Other current liabilities 4,638,000 4,157,000
Total current liabilities 29,911,000 31,804,000
Long-term debt 4,725,000 1,225,000
Deferred compensation benefits 12,993,000 11,904,000
Other long-term liabilities 467,000 427,000
Total liabilities 48,096,000 45,360,000
Shareholders’ Equity:    
Common stock, par value $0.01 per share, 150,000,000 shares authorized; 27,017,824 shares issued in both periods 270,000 270,000
Capital in excess of par value 123,947,000 125,226,000
Retained earnings 84,223,000 121,798,000
Less: Treasury stock of 11,077,779 and 8,014,004 shares at cost, in 2016 and 2015, respectively (112,858,000) (60,275,000)
Stock Trusts of 0 and 3,264,651 shares at cost, in 2016 and 2015, respectively   (54,662,000)
Accumulated other comprehensive loss (16,763,000) (14,640,000)
Total shareholders’ equity 78,819,000 117,717,000
Total liabilities and shareholders’ equity $ 126,915,000 $ 163,077,000