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
Jun. 30, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 51,023 $ 52,783
Short-term investments 92 92
Accounts receivable, net 6,103 10,687
Unbilled costs and accrued profits on contracts in progress 7,554 1,955
Other current assets 6,025 6,066
Total current assets 70,797 71,583
Property and equipment, net 2,775 2,396
Goodwill 2,523 2,523
Other long-term assets 1,182 1,945
Total assets 77,277 78,447
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 3,147 3,388
Unearned contract revenue 11,969 14,501
Accrued salary and bonus 8,577 6,674
Other accrued expenses 10,090 11,827
Total current liabilities 33,783 36,390
Long-term liabilities 5,779 6,427
Total liabilities 39,562 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; 16,319,554 and 16,063,514 shares issued, respectively; 15,190,760 and 14,965,875 shares outstanding, respectively 163 161
Additional paid-in capital 129,579 128,508
Accumulated deficit (78,016) (79,258)
Accumulated other comprehensive income 11 11
Treasury stock, at cost (1,128,794 and 1,097,639 shares, respectively) (14,022) (13,792)
Total stockholders' equity 37,715 35,630
Total liabilities and stockholders' equity $ 77,277 $ 78,447