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
Mar. 31, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 53,333 $ 52,783
Short-term investments 92 92
Accounts receivable, net 9,547 10,687
Unbilled costs and accrued profits on contracts in progress 7,068 1,955
Other current assets 6,617 6,066
Total current assets 76,657 71,583
Property and equipment, net 2,553 2,396
Goodwill 2,523 2,523
Other long-term assets 1,064 1,945
Total assets 82,797 78,447
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 4,078 3,388
Unearned contract revenue 13,875 14,501
Accrued salary and bonus 7,817 6,674
Other accrued expenses 12,955 11,827
Total current liabilities 38,725 36,390
Long-term liabilities 6,192 6,427
Total liabilities 44,917 42,817
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 shares authorized; 16,144,233 and 16,063,514 shares issued, respectively; 15,015,997 and 14,965,875 shares outstanding, respectively 161 161
Additional paid-in capital 128,859 128,508
Accumulated deficit (77,132) (79,258)
Accumulated other comprehensive income 11 11
Treasury stock, at cost (1,128,236 and 1,097,639 shares, respectively) (14,019) (13,792)
Total stockholders' equity 37,880 35,630
Total liabilities and stockholders' equity $ 82,797 $ 78,447