Acquisitions (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Business Acquisitions, by Acquisition

The following table summarizes the purchase price and purchase price allocation for the acquisition of EnVision Systems, Inc., acquired on January 4, 2011.

	(Dollars in thousands)
	EnVision Systems, Inc.


Cash purchase price	$	1,200
Fair value of contingent consideration		1,998
Payable to EnVision Shareholders - contracts receivable		687
Working capital retained by EnVision Shareholders - cash		109
Total purchase price	$	3,994

Purchase price allocation:
Cash	$	553
Contract receivables		1,124
Prepaid expenses and other current assets		62
Property and equipment, net		22
Intangible assets		1,509
Goodwill		1,854
Other assets		321
Total assets		5,445

Accounts payable, accrued expenses, and other liabilities		429
Billings in excess of revenue earned		46
Deferred tax liability		976
Total liabilities		1,451

Net assets acquired	$	3,994

Schedule of Pro Forma Results

Pro forma results. Our consolidated financial statements include the operating results of EnVision as of the date of acquisition. For the twelve months ended December 31, 2011 and 2010, the unaudited pro forma financial information below assumes that our material business acquisition of EnVision occurred on January 1, 2010.

(in thousands except per share data)	(unaudited)
	Twelve Months ended
	December 31,
Pro forma financial information including the acquisition of EnVision	2011			2010
Revenue		$	51,126		$	50,410
Operating income (loss)			2,590			(708	)
Net income (loss)			3,163			(1,711	)
Earnings (loss) per common share — basic		$	0.17		$	(0.09	)
Earnings (loss) per common share — diluted		$	0.17		$	(0.09	)