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, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 64,337 $ 62,711
Short-term investments 127 147
Accounts receivable, net 9,633 11,057
Unbilled costs and accrued profits on contracts in progress 2,593 3,363
Other current assets 3,670 3,374
Total current assets 80,360 80,652
Property and equipment, net 2,484 3,947
Goodwill 18,908 23,976
Other intangible assets, net 7,309 10,393
Other long-term assets 4,318 5,421
Total assets 113,379 124,389
Current liabilities:    
Accounts payable 4,139 3,266
Unearned contract revenue 15,882 13,417
Accrued salary and bonus 8,283 10,664
Other accrued expenses 17,774 15,981
Total current liabilities 46,078 43,328
Long-term liabilities 7,778 11,548
Total liabilities 53,856 54,876
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; 100,000,000 shares authorized; 15,820,373 and 15,463,995 shares issued, respectively; 14,744,924 and 14,390,788 shares outstanding, respectively 158 155
Additional paid-in capital 126,720 124,787
Accumulated deficit (53,731) (41,817)
Accumulated other comprehensive income 12 8
Treasury stock, at cost (1,075,449 and 1,073,207 shares, respectively) (13,636) (13,620)
Total stockholders' equity 59,523 69,513
Total liabilities and stockholders' equity $ 113,379 $ 124,389