Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheet

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Condensed Consolidated Balance Sheet - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
ASSETS    
Cash and cash equivalents $ 14,397 $ 23,111
Short-term investments 108 107
Accounts receivable, net 11,924 8,505
Unbilled costs and accrued profits on contracts in progress 6,228 5,918
Other current assets 6,634 7,225
Total current assets 39,291 44,866
Property and equipment, net 3,083 3,184
Goodwill 15,666 15,545
Finite-Lived Intangible Assets, Net 45,448 47,304
Other long-term assets 4,085 5,007
Total assets 107,573 115,906
Current liabilities:    
Accounts payable 4,350 4,308
Unearned contract revenue 6,870 6,752
Accrued salary and bonus 11,005 7,696
Other accrued expenses 12,706 14,822
Total current liabilities 34,931 33,578
Business Combination, Contingent Consideration, Liability, Noncurrent 25,909 25,909
Long-term Debt, Excluding Current Maturities 27,694 27,154
Long-term liabilities 8,741 9,143
Total liabilities $ 97,275 $ 95,784
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; 17,434,900 and 16,558,140 shares issued, respectively; 16,715,799 and 15,361,133 shares outstanding, respectively 174 165
Additional paid-in capital 129,106 134,171
Accumulated deficit (110,742) (99,896)
Accumulated other comprehensive income 16 16
Treasury stock, at cost (719,101 and 1,197,007 shares, respectively) (8,256) (14,334)
Total stockholders' equity 10,298 20,122
Total liabilities and stockholders' equity $ 107,573 $ 115,906