Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheet

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Condensed Consolidated Balance Sheet (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
ASSETS    
Cash and cash equivalents $ 64,020 $ 62,711
Short-term investments 124 147
Accounts receivable, net 4,730 11,057
Unbilled costs and accrued profits on contracts in progress 1,978 3,363
Other current assets 4,261 3,374
Total current assets 75,113 80,652
Property and equipment, net 3,267 3,947
Goodwill 23,976 23,976
Other intangible assets, net 9,758 10,393
Other long-term assets 4,837 5,421
Total assets 116,951 124,389
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 4,075 3,266
Unearned contract revenue 15,266 13,417
Accrued salary and bonus 9,910 10,664
Other accrued expenses 9,032 15,981
Total current liabilities 38,283 43,328
Long-term liabilities 9,348 11,548
Total liabilities 47,631 54,876
Commitments and contingencies (Note 7)    
Stockholders’ equity:    
Preferred stock, $.01 par value; 5,000,000 shares authorized, no shares issued and outstanding 0 0
Common stock, $.01 par value; 100,000,000 shares authorized; 15,797,167 and 15,463,995 shares issued, respectively; 14,722,834 and 14,390,788 shares outstanding, respectively 158 155
Additional paid-in capital 126,043 124,787
Accumulated deficit (43,262) (41,817)
Accumulated other comprehensive income 10 8
Treasury stock, at cost (1,074,333 and 1,073,207 shares, respectively) (13,629) (13,620)
Total stockholders' equity 69,320 69,513
Total liabilities and stockholders' equity $ 116,951 $ 124,389