Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 4,065 $ 13,524
Accounts receivable, net of allowances of $2,641 and $2,293, respectively 63,683 83,317
Inventory, net 2,403 2,324
Vendor prepayments 7,471  
Prepaid expenses and other current assets 788 948
Total current assets 78,410 100,113
Equipment and leasehold improvements, net 1,924 1,937
Accounts receivable-long-term, net 10,243 11,119
Other assets 204 113
Deferred income taxes 235 416
Total assets 91,016 113,698
Current liabilities    
Accounts payable and accrued expenses 50,922 76,087
Revolving credit facility 2,000  
Total current liabilities 52,922 76,087
Commitments and contingencies
Stockholders' equity:    
Common Stock, $.01 par value; 10,000,000 shares authorized; 5,284,500 shares issued; 4,481,964 and 4,555,434 shares outstanding, respectively 53 53
Additional paid-in capital 30,694 30,683
Treasury stock, at cost, 802,536 and 729,066 shares, respectively (13,855) (12,029)
Retained earnings 22,152 20,515
Accumulated other comprehensive loss (950) (1,611)
Total stockholders' equity 38,094 37,611
Total liabilities and stockholders' equity $ 91,016 $ 113,698