Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Current assets    
Cash and cash equivalents $ 13,591 $ 9,835
Marketable securities   4,411
Accounts receivable, net of allowances of $1,680 and $1,586, respectively 47,970 61,388
Inventory, net 1,629 1,717
Prepaid expenses and other current assets 1,265 1,281
Deferred income taxes 266 280
Total current assets 64,721 78,912
Equipment and leasehold improvements, net 374 375
Accounts receivable-long-term 8,263 11,851
Other assets 153 71
Deferred income taxes 215 236
Total assets 73,726 91,445
Current liabilities    
Accounts payable and accrued expenses 41,687 59,265
Current portion - capital lease obligation 28 55
Total current liabilities 41,715 59,320
Commitments and contingencies      
Stockholders' equity    
Common Stock, $.01 par value; 10,000,000 shares authorized, 5,284,500 shares issued; 4,739,358 and 4,740,873 shares outstanding, respectively 53 53
Additional paid-in capital 27,822 27,712
Treasury stock, at cost, 545,142 and 543,627 shares, respectively (5,692) (5,373)
Retained earnings 9,586 9,316
Accumulated other comprehensive income 242 417
Total stockholders' equity 32,011 32,125
Total liabilities and stockholders' equity $ 73,726 $ 91,445