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, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 9,835 $ 9,202
Marketable securities 4,411 5,375
Accounts receivable, net of allowances of $1,586 and $1,513 in 2012 and 2011, respectively 61,388 47,066
Inventory, net 1,717 1,240
Prepaid expenses and other current assets 1,281 1,997
Deferred income taxes 280 329
Total current assets 78,912 65,209
Equipment and leasehold improvements, net 375 458
Accounts receivable-long-term 11,851 8,889
Other assets 71 54
Deferred income taxes 236 251
Total assets 91,445 74,861
Current liabilities:    
Accounts payable and accrued expenses 59,265 45,796
Current portion - capital lease obligation 55 76
Total current liabilities 59,320 45,872
Long- term portion- capital lease obligation   55
Total liabilities 59,320 45,927
Commitments and Contingencies      
Stockholders' equity:    
Common Stock, $.01 par value; 10,000,000 shares authorized; 5,284,500 shares issued; and 4,740,873 and 4,679,878 shares outstanding in 2012 and 2011, respectively 53 53
Additional paid-in capital 27,712 26,725
Treasury stock, at cost, 543,627 and 604,622 shares in 2012 and 2011, respectively (5,373) (4,991)
Retained earnings 9,316 6,818
Accumulated other comprehensive income 417 329
Total stockholders' equity 32,125 28,934
Total liabilities and stockholders' equity $ 91,445 $ 74,861