|
Condensed Consolidated Balance Sheets—Unaudited (USD $)
In Thousands, unless otherwise specified
|
Sep. 30, 2014
|
Dec. 31, 2013
|
| CURRENT ASSETS: |
|
|
| Cash and cash equivalents |
$ 24,359 |
$ 36,397 |
| Accounts receivable—net of allowance of $76 and $328 |
16,908 |
14,569 |
| Prepaid expenses and other current assets |
1,790 |
1,691 |
| Deferred income taxes |
1,150 |
314 |
| Total current assets |
44,207 |
52,971 |
| PROPERTY AND EQUIPMENT—Net |
15,536 |
14,085 |
| DEFERRED INCOME TAXES, NON-CURRENT |
6,255 |
4,455 |
| OTHER LONG-TERM ASSETS |
127 |
348 |
| GOODWILL |
1,565 |
1,565 |
| CONVERTIBLE PROMISSORY NOTE |
1,000 |
1,000 |
| INVESTMENT IN EQUITY INTEREST |
141 |
365 |
| TOTAL ASSETS |
68,831 |
74,789 |
| CURRENT LIABILITIES: |
|
|
| Accounts payable |
10,794 |
13,573 |
| Accrued expenses and other current liabilities |
7,050 |
5,177 |
| Current portion of capital lease obligations |
1,276 |
1,946 |
| Total current liabilities |
19,120 |
20,696 |
| LONG-TERM PORTION OF CAPITAL LEASE OBLIGATIONS |
1,344 |
885 |
| OTHER LONG-TERM LIABILITIES |
366 |
977 |
| Total liabilities |
20,830 |
22,558 |
| COMMITMENTS AND CONTINGENCIES |
|
|
| STOCKHOLDERS’ EQUITY: |
|
|
| Preferred stock, $0.01 par value—10,000,000 shares authorized, no shares issued and outstanding at December 31, 2013 and September 30, 2014 |
0 |
0 |
| Common stock, $0.01 par value—100,000,000 shares authorized, 27,684,598 issued and 27,365,098 outstanding at December 31, 2013, and 100,000,000 authorized, 27,931,603 issued and 27,379,450 shares outstanding at September 30, 2014 |
279 |
277 |
| Treasury stock—at cost, 319,500 shares at December 31, 2013 and 552,153 shares at September 30, 2014 |
(1,141) |
(569) |
| Additional paid-in capital |
105,075 |
102,226 |
| Accumulated deficit |
(56,220) |
(49,705) |
| Accumulated other comprehensive income |
8 |
2 |
| Total stockholders’ equity |
48,001 |
52,231 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY |
$ 68,831 |
$ 74,789 |