XML 39 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Jun. 30, 2011
ASSETS    
Cash and equivalents (Note 1) $ 5,312 $ 6,036
Restricted cash (Note 1) 2,397 2,394
Accounts receivable, net (Note 1) 3,092 2,639
Deferred tax asset (Note 6) 1,500 1,500
Prepaid expenses and other current assets 483 866
Total Current Assets 12,784 13,435
OTHER ASSETS    
Property, plant and equipment, net (Note 2) 139 245
Deferred tax asset (Note 6) 1,250 1,250
Goodwill (Note 3) 12,379 12,339
Other intangible assets, net (Note 3) 2,044 2,450
Other long-term assets 66 78
Total Other Assets 15,878 16,362
TOTAL ASSETS 28,662 29,797
LIABILITIES AND SHAREHOLDERS' EQUITY    
Current maturities of long-term debt (Note 4) 0 417
Accounts payable 881 497
Workers' compensation reserves 632 945
Customer deposits 92 2,511
Accrued expenses 7,085 6,394
Other current liabilities 0 40
Total Current Liabilities 8,690 10,804
LONG-TERM LIABILITIES    
Workers' compensation reserves 624 580
Total Liabilities 9,314 11,384
SHAREHOLDERS' EQUITY (NOTE 8)    
Common stock, $0.10 par value; 150,000,000 authorized; 12,287,290 and 12,270,790 issued and outstanding at June 30, 2012 and June 30, 2011, respectively 1,226 1,224
Series C preferred stock, $0.10 par value; 1,000,000 authorized; 296,180 issued and outstanding at June 30, 2012 and June 30, 2011 27,133 27,133
Treasury stock, at cost, 214,444 shares at June 30, 2012 and June 30, 2011 (809) (809)
Additional paid-in capital and warrants outstanding 20,383 20,376
Accumulated deficit (28,585) (29,511)
Total Shareholders' Equity 19,348 18,413
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 28,662 $ 29,797