Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheet

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Condensed Consolidated Balance Sheet (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 56,938 $ 64,337
Short-term investments 91 127
Accounts receivable, net 8,906 9,633
Unbilled costs and accrued profits on contracts in progress 2,215 2,593
Other current assets 4,704 3,670
Total current assets 72,854 80,360
Property and equipment, net 2,387 2,484
Goodwill 18,908 18,908
Other intangible assets, net 6,858 7,309
Other long-term assets 3,812 4,318
Total assets 104,819 113,379
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 3,567 4,139
Unearned contract revenue 16,416 15,882
Accrued salary and bonus 5,732 8,283
Other accrued expenses 12,660 17,774
Total current liabilities 38,375 46,078
Long-term liabilities 6,707 7,778
Total liabilities 45,082 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; 40,000,000 and 100,000,000 shares authorized; 16,036,098 and 15,820,373 shares issued, respectively; 14,944,932 and 14,744,924 shares outstanding, respectively 160 158
Additional paid-in capital 127,754 126,720
Accumulated deficit (54,442) (53,731)
Accumulated other comprehensive income 11 12
Treasury stock, at cost (1,091,166 and 1,075,449 shares, respectively) (13,746) (13,636)
Total stockholders' equity 59,737 59,523
Total liabilities and stockholders' equity $ 104,819 $ 113,379