Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands
 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Net loss $ (1,445) $ (2,589)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 1,564 763
Contingent consideration and realignment accrual accretion 179 67
Reversal of contingent consideration accrual (191) 0
Provision for bad debt 3 15
Stock-based compensation 1,259 788
Other changes in assets and liabilities:    
Decrease in accounts receivable 6,327 4,149
Decrease (increase) in unbilled costs 1,385 (1,459)
Decrease in income tax refund receivable 0 3,298
Increase in other current assets (302) (728)
Increase in other long-term assets (4) 0
Increase (decrease) in accounts payable 809 (1,263)
Increase in unearned contract revenue 1,849 5,200
(Decrease) increase in accrued salaries and bonus (754) 1,298
(Decrease) increase in other accrued expenses (6,924) 128
Decrease in long-term liabilities (2,188) (191)
Net cash provided by operating activities 1,567 9,476
Cash Flows From Investing Activities    
Purchase of property and equipment (249) (1,024)
Net cash used in investing activities (249) (1,024)
Cash Flows From Financing Activities    
Cash paid for repurchase of restricted shares (9) (24)
Net cash used in financing activities (9) (24)
Net increase in cash and cash equivalents 1,309 8,428
Cash and cash equivalents – beginning 62,711 72,463
Cash and cash equivalents – ending $ 64,020 $ 80,891