|
September 30, 2009 |
December 31, 2008 |
||||||
(Unaudited) | ||||||||
ASSETS | ||||||||
Current assets: | ||||||||
Cash and cash equivalents | $ | 30,857 | $ | 9,475 | ||||
Short-term investments | 1,369 | 1,536 | ||||||
Accounts receivable, less allowance of $548 and $453, respectively | 18,660 | 13,562 | ||||||
Other current assets | 13,740 | 951 | ||||||
Total current assets | 64,626 | 25,524 | ||||||
Property and equipment, net | 5,142 | 3,774 | ||||||
Goodwill | 104,339 | 88,488 | ||||||
Indefinite-lived intangibles | 14,790 | 11,589 | ||||||
Other intangible assets, net | 12,222 | 10,235 | ||||||
Other assets | 700 | 1,557 | ||||||
Total assets | $ | 201,819 | $ | 141,167 | ||||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||
Current liabilities: | ||||||||
Accounts payable and accrued expenses | $ | 4,184 | $ | 8,245 | ||||
Accrued payroll and related benefits | 2,408 | 2,709 | ||||||
Short term debt | 23,850 | 24,945 | ||||||
Current portion of convertible debt | 15,693 | 11,518 | ||||||
Current portion of long term debt and capital lease obligations | 181 | 912 | ||||||
Deferred revenue | 6,763 | 5,383 | ||||||
Other current liabilities | 321 | 142 | ||||||
Total current liabilities | 53,400 | 53,854 | ||||||
Convertible debt | 24,188 | 15,000 | ||||||
Long term debt and capital lease obligation, less current portion | 398 | 290 | ||||||
Other liabilities | 2,204 | 941 | ||||||
Deferred revenue | 53 | 330 | ||||||
Deferred rent | 702 | 610 | ||||||
Total liabilities | 80,945 | 71,025 | ||||||
Commitments and Contingencies, Note 8 | ||||||||
Stockholders' equity: | ||||||||
Convertible Series D Preferred stock, $.10 par value, 500,000
shares authorized, no shares issued and outstanding |
— | — | ||||||
Common stock, $.10 par value, 20,000,000 shares authorized, |
1,049 |
981 | ||||||
Additional paid-in capital | 123,835 | 111,641 | ||||||
Treasury stock (13,503 and 59,745 shares repurchased as of
September 30, 2009 and December 31, 2008 respectively) |
(76) |
(1,178) | ||||||
Accumulated deficit | (3,474) | (30,199) | ||||||
Accumulated other comprehensive income | (460) | (11,103) | ||||||
Total stockholders' equity | 120,874 | 70,142 | ||||||
Total liabilities and stockholders' equity | $ | 201,819 | $ | 141,167 | ||||