Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.19.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 14,062 $ 14,883
Accounts receivable, net of allowances of $743 and $785, respectively 84,206 81,351
Inventory, net 1,638 1,473
Vendor prepayments 1,575 3,172
Prepaid expenses and other current assets 2,718 1,988
Total current assets 104,199 102,867
Equipment and leasehold improvements, net 1,539 1,588
Right-of-use assets, net 2,069  
Accounts receivable-long-term, net 3,097 3,156
Other assets 181 215
Deferred income taxes 79 145
Total assets 111,164 107,971
Current liabilities:    
Accounts payable and accrued expenses 66,748 66,653
Lease liability, current portion 410  
Total current liabilities 67,158 66,653
Lease liability, net of current portion 2,465  
Deferred rent and tenant allowances   745
Total liabilities 69,623 67,398
Commitments and contingencies
Stockholders’ equity:    
Common stock, $.01 par value; 10,000,000 shares authorized; 5,284,500 shares issued: 4,513,369 and 4,496,494 shares outstanding, respectively 53 53
Additional paid-in capital 32,239 32,392
Treasury stock, at cost, 771,131 and 788,006 shares, respectively (13,149) (13,447)
Retained earnings 23,690 22,994
Accumulated other comprehensive loss (1,292) (1,419)
Total stockholders' equity 41,541 40,573
Total liabilities and stockholders' equity $ 111,164 $ 107,971