| |
Consolidated Balance Sheets
| |
March 31,
|
| |
2002 |
2003 |
Assets
|
|
|
Current Assets
|
$ 12,601,000 |
$ 5,913,000 |
Accounts receivable (less allowance for doubtful
accounts of $3,635,000 in 2002 and $3,473,000 in 2003) |
33,040,000 |
45,394,000 |
| Prepaid expenses and taxes |
1,299,000 |
1,815,000 |
| Deferred income taxes |
4,236,000 |
5,029,000 |
| Total current assets |
51,176,000 |
58,151,000 |
Property and equipment, net |
22,481,000 |
25,848,000 |
Goodwill |
5,775,000 |
8,868,000 |
| Other assets |
863,000 |
458,000 |
| |
$ 80,295,000 |
$ 93,325,000 |
LIABILITIES AND STOCKHOLDERS' EQUITY
|
|
|
Current Liabilities
|
|
|
Accounts and taxes payable
|
$ 3,432,000 |
$ 6,880,000 |
Accrued liabilities
|
12,205,000 |
13,758,000 |
Total current liabilities
|
15,637,000 |
20,638,000 |
Deferred income taxes |
3,675,000 |
5,467,000 |
Commitments and Contingencies (Note H) |
- |
- |
Stockholders' Equity |
|
|
Common Stock, $.0001 par value: 20,000,000 shares authorized; 15,617,381 (10,847,601, net of Treasury shares) and 15,857,676 shares (10,626,369, net of the Treasury shares) issued and outstanding in 2002 and 2003, respectively |
2,000 |
2,000 |
Paid-in Capital |
42,825,000 |
47,465,000 |
Treasury Stock, at cost (4,769,780 shares in
2002 and 5,231,307 shares in 2003) |
(69,140,000) |
(84,127,000) |
Retained Earnings |
87,296,000 |
103,880,000 |
| Total stockholders' equity |
60,983,000 |
67,220,000 |
|
$ 80,295,000 |
$ 93,325,000 |
See accompanying notes to consolidated financial statements.
|
