Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheet

v2.4.0.8
Condensed Consolidated Balance Sheet (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 49,627 $ 52,783
Short-term investments 96 92
Accounts receivable, net 4,020 10,687
Unbilled costs and accrued profits on contracts in progress 6,645 1,955
Other current assets 6,136 6,066
Total current assets 66,524 71,583
Property and equipment, net 3,122 2,396
Goodwill 2,523 2,523
Other long-term assets 1,045 1,945
Total assets 73,214 78,447
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 1,768 3,388
Unearned contract revenue 12,018 14,501
Accrued salary and bonus 7,631 6,674
Other accrued expenses 10,209 11,827
Total current liabilities 31,626 36,390
Long-term liabilities 5,581 6,427
Total liabilities 37,207 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; 16,281,305 and 16,063,514 shares issued, respectively; 15,149,357 and 14,965,875 shares outstanding, respectively 163 161
Additional paid-in capital 130,025 128,508
Accumulated deficit (80,157) (79,258)
Accumulated other comprehensive income 13 11
Treasury stock, at cost (1,131,948 and 1,097,639 shares, respectively) (14,037) (13,792)
Total stockholders' equity 36,007 35,630
Total liabilities and stockholders' equity $ 73,214 $ 78,447