Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 61,872 $ 64,337
Short-term investments 121 127
Accounts receivable, net 7,789 9,633
Unbilled costs and accrued profits on contracts in progress 2,595 2,593
Other current assets 4,073 3,670
Total current assets 76,450 80,360
Property and equipment, net 2,218 2,484
Goodwill 18,908 18,908
Other intangible assets, net 7,084 7,309
Other long-term assets 4,275 4,318
Total assets 108,935 113,379
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 3,302 4,139
Unearned contract revenue 16,555 15,882
Accrued salary and bonus 6,404 8,283
Other accrued expenses 15,901 17,774
Total current liabilities 42,162 46,078
Long-term liabilities 7,203 7,778
Total liabilities 49,365 53,856
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; 100,000,000 shares authorized; 15,979,549 and 15,820,373 shares issued, respectively; 14,889,014 and 14,744,924 shares outstanding, respectively 160 158
Additional paid-in capital 127,147 126,720
Accumulated deficit (54,003) (53,731)
Accumulated other comprehensive income 7 12
Treasury stock, at cost (1,090,535 and 1,075,449 shares, respectively) (13,741) (13,636)
Total stockholders' equity 59,570 59,523
Total liabilities and stockholders' equity $ 108,935 $ 113,379