Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 52,783 $ 64,337
Short-term Investments 92 127
Accounts receivable, net 10,687 9,633
Unbilled costs and accrued profits on contracts in progress 1,955 2,593
Other current assets 6,066 3,670
Total current assets 71,583 80,360
Property and equipment, net 2,396 2,484
Goodwill 2,523 18,908
Other intangible assets, net 0 7,309
Other long-term assets 1,945 4,318
Total assets 78,447 113,379
Current liabilities:    
Accounts payable 3,388 4,139
Unearned contract revenue 14,501 15,882
Accrued salary and bonus 6,674 8,283
Other accrued expenses 11,827 17,774
Total current liabilities 36,390 46,078
Long-term liabilities 6,427 7,778
Total liabilities 42,817 53,856
Commitments and contingencies (Note 10)      
Stockholders’ equity:    
Preferred stock, $.01 par value; 5,000,000 shares authorized, no shares issued and outstanding 0 0
Common Stock, $.01 par value; 40,000,000 and 100,000,000 shares authorized respectively; 16,063,514 and 15,820,373 shares issued, respectively; 14,965,875 and 14,744,924 shares outstanding, respectively 161 158
Additional paid-in capital 128,508 126,720
Accumulated deficit (79,258) (53,731)
Accumulated other comprehensive income 11 12
Treasury stock, at cost (1,097,639 and 1,075,449 shares, respectively) (13,792) (13,636)
Total stockholders' equity 35,630 59,523
Total liabilities and stockholders' equity $ 78,447 $ 113,379