v2.4.0.6
Consolidated Balance Sheets (USD $)
Dec. 31, 2011
Dec. 31, 2010
Current assets:    
Cash $ 74,007,000 $ 561,000
Accounts receivable, net of allowances of $356,000 and $136,000, respectively 22,425,000 24,272,000
Prepaid expenses 426,000 257,000
Deferred tax asset, current 955,000 314,000
Income tax receivable 1,109,000 1,348,000
Other current assets 219,000 813,000
Total current assets 99,141,000 27,565,000
Property and equipment, net of $3,937,000 and $3,290,000 in accumulated depreciation, respectively 2,979,000 2,960,000
Goodwill 16,959,000 16,959,000
Identifiable intangible assets, net of $3,356,000 and $2,827,000 in accumulated amortization, respectively 8,053,000 8,546,000
Loans and advances 128,000 126,000
Other long-term assets 381,000 516,000
Total long-term assets 28,500,000 29,107,000
Total assets 127,641,000 56,672,000
Current liabilities:    
Accounts payable 8,565,000 8,756,000
Accrued salaries and wages 2,234,000 1,165,000
Accrued expenses, other 2,789,000 2,877,000
Current maturities of long-term debt and capital leases 1,675,000 1,680,000
Other current liabilities 808,000 773,000
Total current liabilities 16,071,000 15,251,000
Line of credit   2,749,000
Long-term debt and capital leases, net of current maturities 454,000 2,083,000
Deferred tax liability, long-term 2,346,000 2,032,000
Other long-term liabilities 410,000 544,000
Total long-term liabilities 3,210,000 7,408,000
Stockholders’ equity:    
Preferred stock, $.001 par value; 10,000,000 shares authorized; 75,000 shares and none issued and outstanding, respectively 42,794,000 0
Common stock, $.001 par value; 150,000,000 shares authorized; 8,410,353 and 8,171,881 shares issued, respectively; and 8,365,353 and 8,126,881 shares outstanding, respectively 8,000 8,000
Additional paid-in capital 102,613,000 27,233,000
Treasury stock, at cost, 45,000 shares held (107,000) (107,000)
Accumulated (deficit) earnings (36,948,000) 6,879,000
Total stockholders’ equity 108,360,000 34,013,000
Total liabilities and stockholders' equity $ 127,641,000 $ 56,672,000