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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Current assets (Note 6)    
Cash and cash equivalents $ 283 $ 116
Accounts receivable, net of reserve of $363 and $358, respectively 41,785 54,085
Inventories, net of obsolescence reserve of $254 and $319, respectively 9,294 7,309
Deferred program expenses 217 2,658
Other current assets 3,413 2,878
Total current assets (Note 6) 54,992 67,046
Property and equipment, net of accumulated depreciation of $20,259 and $19,950, respectively 5,223 5,742
Deferred income taxes, long-term 1,665 1,665
Other assets 339 351
Total assets (Note 6) 62,219 74,804
Current liabilities    
Accounts payable and other accrued payables (Note 6) 20,297 28,933
Accrued compensation and benefits 5,931 6,880
Deferred revenue 2,960 4,386
Deferred income taxes 275 434
Senior credit facility - short-term (Note 6) 375 375
Capital lease obligations - short-term 980 945
Other current liabilities 2,764 3,832
Total current liabilities 33,582 45,785
Senior revolving credit facility (Note 6) 12,263 13,786
Capital lease obligations 5,473 5,950
Senior redeemable preferred stock (Note 7) 8,069 10,190
Public preferred stock (Note 7) 106,717 104,806
Other liabilities 100 83
Total liabilities 166,204 180,600
Commitments, contingencies and subsequent events (Note 9) 0 0
Telos stockholders' deficit    
Common stock 78 78
Additional paid-in capital 103 103
Accumulated other comprehensive loss (67) (26)
Accumulated deficit (104,509) (106,405)
Total Telos stockholders' deficit (104,395) (106,250)
Non-controlling interest in subsidiary (Note 2) 410 454
Total stockholders' deficit (103,985) (105,796)
Total liabilities, redeemable preferred stock, non-controlling interest and stockholders' deficit $ 62,219 $ 74,804