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, 2012
Dec. 31, 2011
Current assets    
Cash and cash equivalents $ 9,979 $ 9,202
Marketable securities 4,834 5,375
Accounts receivable, net of allowances of $1,432 and $1,513, respectively 46,648 47,066
Inventory, net 1,234 1,240
Prepaid expenses and other current assets 1,305 1,997
Deferred income taxes 305 329
Total current assets 64,305 65,209
Equipment and leasehold improvements, net 435 458
Accounts receivable-long-term 8,956 8,889
Other assets 43 54
Deferred income taxes 250 251
Total assets 73,989 74,861
Current liabilities    
Accounts payable and accrued expenses 44,507 45,796
Current portion - capital lease obligation 76 76
Total current liabilities 44,583 45,872
Long- term portion- capital lease obligation 35 55
Total liabilities 44,618 45,927
Commitments and contingencies      
Stockholders' equity    
Common Stock, $.01 par value; 10,000,000 shares authorized, 5,284,500 shares issued; 4,670,985 and 4,679,878 shares outstanding, respectively 53 53
Additional paid-in capital 26,917 26,725
Treasury stock, at cost, 613,515 and 604,622 shares, respectively (5,104) (4,991)
Retained earnings 7,104 6,818
Accumulated other comprehensive income 401 329
Total stockholders' equity 29,371 28,934
Total liabilities and stockholders' equity $ 73,989 $ 74,861