Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheet

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Condensed Consolidated Balance Sheet (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 60,529 $ 64,337
Short-term investments 90 127
Accounts receivable, net 8,265 9,633
Unbilled costs and accrued profits on contracts in progress 985 2,593
Other current assets 5,589 3,670
Total current assets 75,458 80,360
Property and equipment, net 2,199 2,484
Goodwill 18,908 18,908
Other intangible assets, net 6,632 7,309
Other long-term assets 2,882 4,318
Total assets 106,079 113,379
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 3,154 4,139
Unearned contract revenue 16,250 15,882
Accrued salary and bonus 7,020 8,283
Other accrued expenses 13,926 17,774
Total current liabilities 40,350 46,078
Long-term liabilities 6,544 7,778
Total liabilities 46,894 53,856
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; 40,000,000 and 100,000,000 shares authorized; 16,037,627 and 15,820,373 shares issued, respectively; 14,944,467 and 14,744,924 shares outstanding, respectively 160 158
Additional paid-in capital 128,238 126,720
Accumulated deficit (55,462) (53,731)
Accumulated other comprehensive income 10 12
Treasury stock, at cost (1,093,160 and 1,075,449 shares, respectively) (13,761) (13,636)
Total stockholders' equity 59,185 59,523
Total liabilities and stockholders' equity $ 106,079 $ 113,379