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
Mar. 31, 2014
Dec. 31, 2013
ASSETS    
Cash and cash equivalents $ 37,878 $ 45,639
Short-term investments 103 103
Accounts receivable, net 8,471 2,422
Unbilled costs and accrued profits on contracts in progress 5,558 7,982
Other current assets 6,999 6,563
Total current assets 59,009 62,709
Property and equipment, net 2,846 2,789
Goodwill 2,523 2,523
Other long-term assets 1,004 1,043
Total assets 65,382 69,064
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 2,493 2,350
Unearned contract revenue 8,785 9,379
Accrued salary and bonus 7,163 9,643
Other accrued expenses 10,863 10,028
Total current liabilities 29,304 31,400
Long-term liabilities 4,736 5,185
Total liabilities 34,040 36,585
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; 16,512,332 and 16,316,169 shares issued, respectively; 15,332,318 and 15,169,898 shares outstanding, respectively 165 163
Additional paid-in capital 130,917 130,229
Accumulated deficit (85,435) (83,823)
Accumulated other comprehensive income 16 16
Treasury stock, at cost (1,190,014 and 1,146,271 shares, respectively) (14,321) (14,106)
Total stockholders' equity 31,342 32,479
Total liabilities and stockholders' equity $ 65,382 $ 69,064