Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 9,202 $ 10,955
Marketable securities 5,375 4,528
Accounts receivable, net of allowances of $1,513 and $1,473 in 2011 and 2010, respectively 47,066 42,486
Inventory, net 1,240 1,164
Prepaid expenses and other current assets 1,997 1,250
Deferred income taxes 329 516
Total current assets 65,209 60,899
Equipment and leasehold improvements, net 458 545
Accounts receivable-long-term 8,889 6,866
Other assets 54 37
Deferred income taxes 251 336
Total assets 74,861 68,683
Current liabilities:    
Accounts payable and accrued expenses 45,796 41,791
Current portion - capital lease obligation 76 75
Total current liabilities 45,872 41,866
Long- term portion- capital lease obligation 55 138
Total liabilities 45,927 42,004
Commitments and Contingencies      
Stockholders' equity:    
Common Stock, $.01 par value; 10,000,000 shares authorized; 5,284,500 shares issued; and 4,679,878 and 4,770,241 shares outstanding in 2011 and 2010, respectively 53 53
Additional paid-in capital 26,725 25,473
Treasury stock, at cost, 604,622 and 514,259 shares in 2011 and 2010, respectively (4,991) (3,570)
Retained earnings 6,818 4,267
Accumulated other comprehensive income 329 456
Total stockholders' equity 28,934 26,679
Total liabilities and stockholders' equity $ 74,861 $ 68,683