Consolidated Balance Sheets

 
2000
2001
Assets
 
Current Assets
Cash and cash equivalents
$5,643,000
$9,457,000
Accounts receivable (less allowance
for doubtful accounts of $3,395,000 in 2000 and $3,387,000 in 01)
35,874,000
34,316,000
Prepaid expenses and taxes
1,931,000
2,465,000
Deferred income taxes
3,833,000
4,130,000
Total current assets
47,281,000
50,368,000
 
Property and equipment, net
16,631,000
20,071,000
 
Other assets
7,275,000
7,126,000
 
$71,187,000
$77,565,000
Liabilities and Stockholders' Equity
 
Current Liabilities
Accounts and taxes payable
$5,310,000
$3,006,000
Accrued liabilities
7,575,000
12,232,000
Total current liabilities
12,885,000
15,238,000
 
Deferred income taxes
3,009,000
3,609,000
 
Commitments and Contingencies
 
Stockholdersí Equity
 
Common Stock, $.0001 par value:
20,000,000 shares authorized;
10,079,001 and 10,296,469 shares
issued and outstanding in 2000
and 2001, respectively
1,000
1,000
 
Paid-in Capital
35,995,000
40,145,000
 
Treasury Stock, at cost (2,333,340 shares in 2000 and 2,807,940 shares in 2001)
(39,956,000)
(53,903,000)
 
Retained Earnings
59,253,000
72,475,000
Total stockholders' equity
55,293,000
58,718,000
 
 
$71,187,000
$77,565,000

See accompanying notes to consolidated financial statements.