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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 11,168 $ 8,082
Trade accounts receivable, less allowance for doubtful accounts of $257 and $289 in 2012 and 2011, respectively 13,051 11,187
Unbilled revenue 1,502 913
Prepaid expenses and other 1,878 1,166
Income tax receivable 171  
Deferred income taxes 454 789
Total current assets 28,224 22,137
Property and equipment, net 13,124 13,613
Intangible assets, net 6,335 7,073
Goodwill 57,715 57,730
Other 196 123
Total assets 105,594 100,676
Current liabilities:    
Current portion of notes payable 2,093 1,861
Accounts payable 770 783
Accrued wages, bonus and profit sharing 3,041 3,591
Accrued expenses 1,955 1,519
Income taxes payable   145
Deferred revenue 17,413 16,500
Total current liabilities 25,272 24,399
Notes payable, net of current portion 11,457 12,625
Deferred income taxes 7,175 7,588
Deferred revenue 347 185
Other long term liabilities 280 325
Total liabilities 44,531 45,122
Shareholders’ equity:    
Common stock, $0.001 par value; authorized 20,000,000 shares, issued 8,234,911 in 2012 and 8,117,849 in 2011, outstanding 6,796,510 in 2012 and 6,724,280 in 2011 8 8
Additional paid-in capital 34,280 31,080
Retained earnings 51,258 46,995
Accumulated other comprehensive income, foreign currency translation 848 907
Treasury stock, at cost; 1,438,401 shares in 2012 and 1,393,569 shares in 2011 (25,331) (23,436)
Total shareholders’ equity 61,063 55,554
Total liabilities and shareholders’ equity $ 105,594 $ 100,676