Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 10,409 $ 5,530
Accounts receivable, net of allowances of $2,005 and $2,102, respectively 71,780 76,937
Inventory, net 2,335 2,794
Vendor prepayments 4,843 6,837
Prepaid expenses and other current assets 572 553
Total current assets 89,939 92,651
Equipment and leasehold improvements, net 1,760 1,828
Accounts receivable-long-term, net 5,269 7,437
Other assets 301 231
Deferred income taxes 131 138
Total assets 97,400 102,285
Current liabilities:    
Accounts payable and accrued expenses 57,765 62,792
Total current liabilities 57,765 62,792
Deferred rent and tenant allowances 746 781
Total liabilities 58,511 63,573
Stockholders’ equity:    
Common Stock, $.01 par value; 10,000,000 shares authorized; 5,284,500 shares issued: 4,479,787 and 4,454,829 shares outstanding, respectively 53 53
Additional paid-in capital 32,354 31,257
Treasury stock, at cost, 804,713 and 829,671 shares, respectively (13,745) (14,207)
Retained earnings 21,467 22,522
Accumulated other comprehensive loss (1,240) (913)
Total stockholders' equity 38,889 38,712
Total liabilities and stockholders' equity $ 97,400 $ 102,285