Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
In Millions, except Share data, unless otherwise specified | Dec. 31, 2013 | Feb. 27, 2014 | Jun. 30, 2013 |
Document and Entity Information [Abstract] | ' | ' | ' |
Entity Registrant Name | 'PRGX GLOBAL, INC. | ' | ' |
Entity Central Index Key | '0001007330 | ' | ' |
Document Type | '10-K | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Filer Category | 'Accelerated Filer | ' | ' |
Entity Public Float | ' | ' | $153 |
Entity Common Stock, Shares Outstanding | ' | 29,879,213 | ' |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Statement [Abstract] | ' | ' | ' |
Revenue | $195,216 | $208,503 | $203,117 |
Operating expenses: | ' | ' | ' |
Cost of revenue | 122,545 | 134,390 | 137,482 |
Selling, general and administrative expenses | 52,757 | 52,527 | 49,102 |
Depreciation of property and equipment | 8,231 | 7,084 | 5,401 |
Amortization of intangible assets | 4,997 | 7,224 | 4,991 |
Impairment charges | 4,207 | 0 | 0 |
Total operating expenses | 192,737 | 201,225 | 196,976 |
Operating income | 2,479 | 7,278 | 6,141 |
Foreign currency transaction (gains) losses on short-term intercompany balances | -13 | -377 | 417 |
Interest expense | -138 | -1,116 | -1,904 |
Interest income | 215 | 150 | 288 |
Income before income taxes | 2,569 | 6,689 | 4,108 |
Income tax expense | 2,755 | 1,297 | 1,292 |
Net income (loss) | ($186) | $5,392 | $2,816 |
Basic earnings per common share (usd per share) | ($0.01) | $0.21 | $0.11 |
Diluted earnings per common share (usd per share) | ($0.01) | $0.21 | $0.11 |
Weighted-average common shares outstanding: | ' | ' | ' |
Basic (shares) | 29,169 | 25,566 | 24,634 |
Diluted (shares) | 29,169 | 26,137 | 25,029 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Loss) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] | ' | ' | ' |
Net income (loss) | ($186) | $5,392 | $2,816 |
Foreign currency translation adjustments | -1,414 | 363 | -519 |
Comprehensive income (loss) | ($1,600) | $5,755 | $2,297 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash and cash equivalents | $43,700 | $37,806 |
Restricted cash | 57 | 65 |
Contract receivables, less allowances of $1,996 in 2013 and $1,693 in 2012: | ' | ' |
Billed | 28,175 | 32,626 |
Unbilled | 9,904 | 12,501 |
Contract receivables | 38,079 | 45,127 |
Employee advances and miscellaneous receivables, less allowances of $402 in 2013 and $538 in 2012 | 2,242 | 1,352 |
Total receivables | 40,321 | 46,479 |
Prepaid expenses and other current assets | 3,910 | 3,801 |
Deferred income taxes (Note 7) | 7 | 52 |
Total current assets | 87,995 | 88,203 |
Property and equipment: | ' | ' |
Computer and other equipment | 28,810 | 25,320 |
Furniture and fixtures | 3,050 | 3,022 |
Leasehold improvements | 3,401 | 3,270 |
Software | 23,535 | 25,312 |
Property and equipment | 58,796 | 56,924 |
Less accumulated depreciation and amortization | -44,802 | -37,350 |
Property and equipment, net | 13,994 | 19,574 |
Goodwill (Note 4) | 13,686 | 13,669 |
Intangible assets, less accumulated amortization of $32,717 in 2013 and $27,720 in 2012 | 13,582 | 18,399 |
Unbilled receivables | 1,379 | 1,391 |
Deferred loan costs, net of accumulated amortization (Note 5) | 0 | 193 |
Deferred income taxes (Note 7) | 1,701 | 1,552 |
Other assets | 492 | 605 |
Total assets | 132,829 | 143,586 |
Current liabilities: | ' | ' |
Accounts payable and accrued expenses | 10,809 | 14,136 |
Accrued payroll and related expenses | 15,415 | 20,874 |
Refund liabilities | 6,597 | 6,979 |
Deferred revenue | 1,512 | 1,551 |
Current portion of debt (Note 5) | 0 | 3,000 |
Business acquisition obligations (Note 12) | 3,156 | 4,218 |
Total current liabilities | 37,489 | 50,758 |
Long-term debt (Note 5) | 0 | 3,000 |
Noncurrent business acquisition obligations (Note 12) | 0 | 2,479 |
Refund liabilities | 950 | 1,159 |
Other long-term liabilities | 562 | 1,538 |
Total liabilities | 39,001 | 58,934 |
Commitments and contingencies (Notes 5, 6, 9 and 10) | ' | ' |
Shareholders’ equity (Notes 9 and 11): | ' | ' |
Common stock, no par value; $.01 stated value per share. Authorized 50,000,000 shares; 29,367,439 shares issued and outstanding in 2013 and 27,893,132 shares issued and outstanding in 2012 | 294 | 279 |
Additional paid-in capital | 604,806 | 594,045 |
Accumulated deficit | -513,386 | -513,200 |
Accumulated other comprehensive income | 2,114 | 3,528 |
Total shareholders’ equity | 93,828 | 84,652 |
Total liabilities and shareholders' equity | $132,829 | $143,586 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Statement of Financial Position [Abstract] | ' | ' |
Allowances for contract receivables | $1,996 | $1,693 |
Allowances for employee advances and miscellaneous receivables | 402 | 538 |
Accumulated amortization on intangible assets | ($32,717) | ($27,720) |
Common stock, par value (usd per share) | $0 | $0 |
Common stock, stated value per share (usd per share) | $0.01 | $0.01 |
Common stock, shares authorized (shares) | 50,000,000 | 50,000,000 |
Common stock, shares issued (shares) | 29,367,439 | 27,893,132 |
Common stock, shares outstanding (shares) | 29,367,439 | 27,893,132 |
Consolidated_Statements_of_Sha
Consolidated Statements of Shareholders' Equity Statement (USD $) | Total | Common stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] |
In Thousands, except Share data, unless otherwise specified | |||||
Beginning balance at Dec. 31, 2010 | $48,843 | $239 | $566,328 | ($521,408) | $3,684 |
Beginning balance, shares at Dec. 31, 2010 | ' | 23,932,774 | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' |
Net loss | 2,816 | ' | ' | 2,816 | ' |
Foreign currency translation adjustments | -519 | ' | ' | ' | -519 |
Issuances of Common Stock [Abstract] | ' | ' | ' | ' | ' |
Restricted share awards, shares | ' | 694,030 | ' | ' | ' |
Restricted share awards | 0 | 7 | -7 | ' | ' |
Shares issued for acquisition, shares | ' | 640,614 | ' | ' | ' |
Shares issued for acquisition | 3,722 | 6 | 3,716 | ' | ' |
Restricted shares remitted by employees for taxes, shares | ' | -132,974 | ' | ' | ' |
Restricted shares remitted by employees for taxes | -1,063 | -1 | -1,062 | ' | ' |
Stock option exercises, shares | ' | 116,073 | ' | ' | ' |
Stock option exercises | 353 | 1 | 352 | ' | ' |
2006 MIP Performance Unit settlements, shares | ' | 26,898 | ' | ' | ' |
2006 MIP Performance Unit settlements | 0 | 0 | 0 | ' | ' |
Forfeited restricted share awards, shares | ' | -168,661 | ' | ' | ' |
Forfeited restricted share awards | 0 | -1 | 1 | ' | ' |
Stock-based compensation expense | 4,938 | ' | 4,938 | ' | ' |
Ending balance at Dec. 31, 2011 | 59,090 | 251 | 574,266 | -518,592 | 3,165 |
Ending balance, shares at Dec. 31, 2011 | ' | 25,108,754 | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' |
Net loss | 5,392 | ' | ' | 5,392 | ' |
Foreign currency translation adjustments | 363 | ' | ' | ' | 363 |
Issuances of Common Stock [Abstract] | ' | ' | ' | ' | ' |
Restricted share awards, shares | ' | 500,128 | ' | ' | ' |
Restricted share awards | 0 | 5 | -5 | ' | ' |
Shares issued for stock offering, shares | ' | 2,500,000 | ' | ' | ' |
Shares issued for stock offering | 14,682 | 25 | 14,657 | ' | ' |
Restricted shares remitted by employees for taxes, shares | ' | -161,514 | ' | ' | ' |
Restricted shares remitted by employees for taxes | -1,605 | -2 | -1,603 | ' | ' |
Stock option exercises, shares | ' | 141,849 | ' | ' | ' |
Stock option exercises | 559 | 2 | 557 | ' | ' |
Forfeited restricted share awards, shares | ' | -196,085 | ' | ' | ' |
Forfeited restricted share awards | 0 | -2 | 2 | ' | ' |
Stock-based compensation expense | 6,171 | ' | 6,171 | ' | ' |
Ending balance at Dec. 31, 2012 | 84,652 | 279 | 594,045 | -513,200 | 3,528 |
Ending balance, shares at Dec. 31, 2012 | 27,893,132 | 27,893,132 | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' |
Net loss | -186 | ' | ' | -186 | ' |
Foreign currency translation adjustments | -1,414 | ' | ' | ' | -1,414 |
Issuances of Common Stock [Abstract] | ' | ' | ' | ' | ' |
Restricted share awards, shares | ' | 665,629 | ' | ' | ' |
Restricted share awards | 0 | 7 | -7 | ' | ' |
Shares issued for acquisition, shares | ' | 904,540 | ' | ' | ' |
Shares issued for acquisition | 1,472 | 2 | 1,470 | ' | ' |
Shares issued for stock offering, shares | ' | 0 | ' | ' | ' |
Shares issued for stock offering | 4,118 | 7 | 4,111 | ' | ' |
Restricted shares remitted by employees for taxes, shares | ' | -259,116 | ' | ' | ' |
Restricted shares remitted by employees for taxes | -1,757 | -3 | -1,754 | ' | ' |
Stock option exercises, shares | ' | 202,159 | ' | ' | ' |
Stock option exercises | 916 | 2 | 914 | ' | ' |
2006 MIP Performance Unit settlements, shares | ' | 52,912 | ' | ' | ' |
2006 MIP Performance Unit settlements | 0 | 1 | -1 | ' | ' |
Forfeited restricted share awards, shares | ' | -91,817 | ' | ' | ' |
Forfeited restricted share awards | 0 | -1 | 1 | ' | ' |
Stock-based compensation expense | 6,027 | ' | 6,027 | ' | ' |
Ending balance at Dec. 31, 2013 | $93,828 | $294 | $604,806 | ($513,386) | $2,114 |
Ending balance, shares at Dec. 31, 2013 | 29,367,439 | 29,367,439 | ' | ' | ' |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Cash flows from operating activities: | ' | ' | ' |
Net income (loss) | ($186) | $5,392 | $2,816 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ' | ' | ' |
Impairment charges | 4,207 | 0 | 0 |
Depreciation and amortization | 13,228 | 14,308 | 10,392 |
Amortization of deferred loan costs | 193 | 183 | 188 |
Stock-based compensation expense | 6,294 | 6,321 | 5,093 |
Foreign currency transaction (gains) losses on short-term intercompany balances | -13 | -377 | 417 |
Deferred income taxes | -23 | -799 | -2,151 |
Changes in operating assets and liabilities, net of business acquisitions: | ' | ' | ' |
Restricted cash | 8 | -1 | 0 |
Billed receivables | 4,206 | -1,598 | 1,717 |
Unbilled receivables | 2,609 | -2,179 | -5,419 |
Prepaid expenses and other current assets | -1,326 | 693 | -718 |
Other assets | 17 | -179 | -455 |
Accounts payable and accrued expenses | -3,512 | -1,125 | 110 |
Accrued payroll and related expenses | -5,720 | -1,258 | 8,289 |
Refund liabilities | -591 | 392 | -837 |
Deferred revenue | -72 | -157 | -338 |
Noncurrent compensation obligations | 329 | 345 | 432 |
Other long-term liabilities | -1,224 | -1,118 | -243 |
Net cash provided by operating activities | 18,424 | 18,843 | 19,293 |
Cash flows from investing activities: | ' | ' | ' |
Business acquisition, net of cash acquired | 0 | -1,542 | -3,155 |
Purchases of property and equipment, net of disposal proceeds | -6,875 | -7,931 | -8,287 |
Net cash used in investing activities | -6,875 | -9,473 | -11,442 |
Cash flows from financing activities: | ' | ' | ' |
Repayments of long-term debt | -6,000 | -3,000 | -3,000 |
Payments for deferred loan costs | 0 | 0 | -6 |
Payments of deferred acquisition consideration | -1,902 | -2,837 | -1,694 |
Net proceeds from issuance of common stock | 4,118 | 14,682 | 0 |
Restricted stock repurchased from employees for withholding taxes | -1,757 | -1,605 | -1,063 |
Proceeds from option exercises | 916 | 559 | 353 |
Net cash (used in) provided by financing activities | -4,625 | 7,799 | -5,410 |
Effect of exchange rates on cash and cash equivalents | -1,030 | 300 | -552 |
Net increase in cash and cash equivalents | 5,894 | 17,469 | 1,889 |
Cash and cash equivalents at beginning of period | 37,806 | 20,337 | 18,448 |
Cash and cash equivalents at end of period | 43,700 | 37,806 | 20,337 |
Supplemental disclosure of cash flow information: | ' | ' | ' |
Cash paid during the period for interest | 567 | 340 | 422 |
Cash paid during the period for income taxes, net of refunds received | 3,245 | 2,730 | 4,235 |
Deferred and contingent business acquisition consideration (Note 12) | $0 | $189 | $5,643 |
Summary_of_Significant_Account
Summary of Significant Accounting Policies and Basis of Presentation | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Accounting Policies [Abstract] | ' | ||||||
Summary of Significant Accounting Policies and Basis of Presentation | ' | ||||||
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION | |||||||
(a) Description of Business and Basis of Presentation | |||||||
Description of Business | |||||||
The principal business of PRGX Global, Inc. and subsidiaries is providing recovery audit services to large businesses and government agencies having numerous payment transactions. PRGX Global, Inc. also provides Profit Optimization services, including analytics and advisory services, to a similar client base. These businesses include, but are not limited to: | |||||||
• | retailers such as discount, department, specialty, grocery and drug stores; | ||||||
• | business enterprises other than retailers such as manufacturers, financial services firms, and pharmaceutical companies; | ||||||
• | healthcare payers, both private sector health insurance companies and state and federal government payers such as the Centers for Medicare and Medicaid Services (“CMS”); and | ||||||
• | federal and state government agencies. | ||||||
Except as otherwise indicated or unless the context otherwise requires, “PRGX,” “we,” “us,” “our” and the “Company” refer to PRGX Global, Inc. and its subsidiaries. PRGX currently provides services to clients in approximately 40 countries. | |||||||
Basis of Presentation | |||||||
The consolidated financial statements include the financial statements of the Company and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. | |||||||
Certain reclassifications have been made to the 2012 financial statements to conform to the presentations adopted in 2013. | |||||||
Beginning with the third quarter of 2013, we present fair value adjustments to acquisition-related contingent consideration as an adjustment to our segment measure earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA") as presented in Note 2 - Operating Segments and Related Information. We now include these fair value adjustments in the Adjusted EBITDA calculation in the "Acquisition-related charges (benefits)" line, which we renamed from "Acquisition transaction costs and acquisition obligations classified as compensation." Accordingly, we have revised the presentation of our Adjusted EBITDA calculation for all relevant prior periods. | |||||||
Management of the Company has made a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities to prepare these consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”). Actual results could differ from those estimates. | |||||||
(b) Revenue Recognition, Unbilled Receivables and Refund Liabilities | |||||||
We base our revenue on specific contracts with our clients. These contracts generally specify: (a) time periods covered by the audit; (b) nature and extent of audit services we are to provide; (c) the client’s duties in assisting and cooperating with us; and (d) fees payable to us, generally expressed as a specified percentage of the amounts recovered by the client resulting from overpayment claims identified. Clients generally recover claims either by taking credits against outstanding payables or future purchases from the involved vendors, or receiving refund checks directly from those vendors. The manner in which a claim is recovered by a client often is dictated by industry practice. In addition, many clients establish specific procedural guidelines that we must satisfy prior to submitting claims for client approval, and these guidelines are unique to each client. For some services we provide, we earn our compensation in the form of a flat fee, a fee per hour, or a fee per other unit of service. | |||||||
We generally recognize revenue for a contractually specified percentage of amounts recovered when we have determined that our clients have received economic value (generally through credits taken against existing accounts payable due to the involved vendors or refund checks received from those vendors) and when we have met the following criteria: (a) persuasive evidence of an arrangement exists; (b) services have been rendered; (c) the fee billed to the client is fixed or determinable; and (d) collectability is reasonably assured. In certain limited circumstances, we will invoice a client prior to meeting all four of these criteria; in such cases, we defer the revenue until we meet all of the criteria. Additionally, for purposes of determining appropriate timing of recognition and for internal control purposes, we rely on customary business practices and processes for documenting that we have met the criteria described in (a) through (d) above. Such customary business practices and processes may vary significantly by client. On occasion, it is possible that a transaction has met all of the revenue recognition criteria described above but we do not recognize revenue, unless we can otherwise determine that criteria (a) through (d) above have been met, because our customary business practices and processes specific to that client have not been completed. | |||||||
Historically, there has been a certain amount of revenue with respect to which, even though we had met the requirements of our revenue recognition policy, our clients’ vendors ultimately have rejected the claims underlying the revenue. In that case, our clients may request a refund or offset of such amount even though we may have collected fees. We record any such refunds as a reduction of revenue. We provide refund liabilities for these reductions in the economic value previously received by our clients with respect to vendor claims we identified and for which we previously have recognized revenue. We compute an estimate of our refund liabilities at any given time based on actual historical refund data. | |||||||
During the third quarter of 2011, we changed the point at which we recognize revenue for our Healthcare Claims Recovery Audit services within our New Services segment based on our gaining sufficient experience with auditing such claims. We now recognize revenue without formal client sign-off provided that we can objectively demonstrate that the acceptance criteria specified by the client are satisfied. This change resulted in a $1.4 million increase in revenue, a $0.4 million increase in net earnings and a $0.02 increase in basic and diluted earnings per common share in 2011. | |||||||
Unbilled receivables relate to claims for which clients have received economic value but for which we contractually have agreed not to submit an invoice to the clients at such time. Unbilled receivables arise when a portion of our fee is deferred at the time of the initial invoice. At a later date (which can be up to a year after original invoice, and at other times a year after completion of the audit period), we invoice the unbilled receivable amount. Notwithstanding the deferred due date, our clients acknowledge that we have earned this unbilled receivable at the time of the original invoice, but have agreed to defer billing the client for the related services. | |||||||
Unbilled receivables also arise in our Healthcare Claims Recovery Audit services as we generally cannot invoice the prime contractors for whom we operate as a subcontractor under the Medicare RAC program until cash is collected by the prime contractors. These unbilled receivables, net of the related reserves, were $5.6 million and $9.0 million as of December 31, 2013 and December 31, 2012, respectively. As of March 7, 2014, we billed $2.1 million of the unbilled receivables relating to the Medicare RAC program that were outstanding as of December 31, 2013. | |||||||
We record periodic changes in unbilled receivables and refund liabilities as adjustments to revenue. | |||||||
We derive a relatively small portion of revenue on a “fee-for-service” basis whereby billing is based upon a flat fee, a fee per hour, or a fee per other unit of service. We recognize revenue for these types of services as we provide and invoice for them, and when criteria (a) through (d) as set forth above are met. | |||||||
(c) Cash and Cash Equivalents | |||||||
Cash and cash equivalents include all cash balances and highly liquid investments with an initial maturity of three months or less from date of purchase. We place our temporary cash investments with high credit quality financial institutions. At times, certain investments may be in excess of the Federal Deposit Insurance Corporation (“FDIC”) insurance limit or otherwise may not be covered by FDIC insurance. Some of our cash and cash equivalents are held at banks in jurisdictions outside the U.S. that have restrictions on transferring such assets outside of these countries on a temporary or permanent basis. Such restricted net assets are not significant in comparison to our consolidated net assets. | |||||||
The $43.7 million in cash and cash equivalents includes $22.4 million held in the U.S., $9.1 million held in Canada, and $12.2 million held in other foreign jurisdictions, primarily in the United Kingdom, France, and Brazil. Our cash and cash equivalents included short-term investments of approximately $24.6 million as of December 31, 2013 and $25.1 million as of December 31, 2012, of which approximately $4.4 million and $1.6 million, respectively, were held at banks outside of the United States, primarily in Brazil and Canada. | |||||||
(d) Fair Value of Financial Instruments | |||||||
We state cash equivalents at cost, which approximates fair market value. The carrying values for receivables from clients, unbilled services, accounts payable, deferred revenue and other accrued liabilities reasonably approximate fair market value due to the nature of the financial instrument and the short term maturity of these items. | |||||||
We repaid the remaining balance of our bank debt in December 2013, and had no debt outstanding as of December 31, 2013. We recorded bank debt of $6.0 million as of December 31, 2012 at the unpaid balance as of that date based on the effective borrowing rate and repayment terms when originated. This debt was subject to variable rate terms, and we believe that its fair value was approximately equal to its carrying value. We consider the factors used in determining the fair value of this debt to be Level 3 inputs (significant unobservable inputs). | |||||||
We recorded business acquisition obligations of $3.2 million as of December 31, 2013 and $6.7 million as of December 31, 2012 representing the fair value of deferred consideration and earn-out payments estimated to be due as of those dates. We determine the estimated fair values based on our projections of future revenue and profits or other factors used in the calculation of the ultimate payment to be made. The discount rate that we use to value the liability is based on specific business risk, cost of capital, and other factors. We consider these factors to be Level 3 inputs (significant unobservable inputs). | |||||||
(e) Property and Equipment | |||||||
We report property and equipment at cost or estimated fair value at acquisition date and depreciate them over their estimated useful lives using the straight-line method. Our useful lives for fixed assets are three years for computer laptops, four years for desktops, five years for IT server, storage and network equipment, five years for furniture and fixtures and three years for purchased software. We continue to amortize leasehold improvements using the straight-line method over the shorter of the lease term or ten years. Depreciation expense was $8.2 million in 2013, $7.1 million in 2012 and $5.4 million in 2011. | |||||||
We review the carrying value of property and equipment for impairment whenever events and circumstances indicate that the carrying value of an asset may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition. In cases where undiscounted expected future cash flows are less than the carrying value, we will recognize an impairment loss equal to the amount by which the carrying value exceeds the fair value of the asset. No impairment charges were necessary in the three years ended December 31, 2013 with the exception of charges for software development costs noted below. | |||||||
(f) Software Development Costs | |||||||
We capitalize a portion of the costs we incur related to our internal development of software that we use in our operations and amortize these costs using the straight-line method over the expected useful lives of three to seven years. | |||||||
We also capitalize a portion of the costs we incur related to our internal development of software that we intend to market to others. We amortize these costs over the products’ estimated economic lives, which typically are three years, beginning when the underlying products are available for general release to clients. We review the carrying value of capitalized software development costs for impairment whenever events and circumstances indicate that the carrying value of the asset may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition. In cases where undiscounted expected future cash flows are less than the carrying value, we will recognize an impairment loss equal to the amount by which the carrying value exceeds the fair value of the asset. | |||||||
We recorded an impairment charge of $4.2 million in 2013 relating to internally developed software assets. No impairment charges were necessary in 2012 or 2011. The impairment charges included $2.7 million in the Recovery Audit Services - Americas segment relating to certain capitalized software development costs associated with our Next-Generation Recovery Audit business model. Much of the development efforts in this area were beneficial, but certain aspects of the development did not yield the benefits anticipated. We continue to develop this business model, but have changed our focus in certain areas and no longer expect to receive future economic benefit from certain costs and recorded an impairment charge in the fourth quarter of 2013 representing the net book value of these capitalized costs. The impairment charges also included $1.5 million in the New Services segment relating primarily to the capitalized software development costs for the systems we use to deliver our services under the Medicare RAC program. With our decision to withdraw our bids for a new contract under this program, we no longer anticipate generating meaningful revenue in this area and recorded an impairment charge in the fourth quarter of 2013 representing the net book value of all capitalized software development costs associated with the Medicare RAC program. | |||||||
We consider these software development activities to be research and development costs and expense them as incurred. However, we capitalize the costs incurred for the development of computer software that will be sold, leased, or otherwise marketed or that will be used in our operations beginning when technological feasibility has been established. Research and development costs, including the amortization of amounts previously capitalized, were $6.0 million in 2013, $4.0 million in 2012 and $3.4 million in 2011. | |||||||
(g) Goodwill and Intangible Assets | |||||||
Goodwill represents the excess of the purchase price over the estimated fair market value of net identifiable assets of acquired businesses. We evaluate the recoverability of goodwill in the fourth quarter of each year or sooner if events or changes in circumstances indicate that the carrying amount may exceed its fair value. This evaluation has two steps. The first step identifies potential impairments by comparing the fair value of the reporting unit with its carrying value, including goodwill. If the calculated fair value of a reporting unit exceeds the carrying value, goodwill is not impaired, and the second step is not necessary. If the carrying value of a reporting unit exceeds the fair value, the second step calculates the possible impairment loss by comparing the implied fair value of goodwill with the carrying value. If the fair value is less than the carrying value, we would record an impairment charge. | |||||||
We implemented Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Update No. 2011-08 in 2011 and elected to assess qualitative factors in 2011, 2012 and 2013 prior to performing the two-step process described above. Under the new guidance, we are not required to calculate the fair value of our reporting units that hold goodwill unless we determine that it is more likely than not that the fair value of these reporting units is less than their carrying values. In this analysis, we considered a number of factors, including changes in our legal, business and regulatory climates, changes in competition or key personnel, macroeconomic factors impacting our company or our clients, our recent financial performance and expectations of future performance and other pertinent factors. Based on these analyses, we determined that it was not necessary for us to perform the two-step process. We last used independent business valuation professionals to estimate fair value in the fourth quarter of 2010 and determined that fair value exceeded carrying value for all relevant reporting units. No impairment charges were necessary in the three years ended December 31, 2013. | |||||||
(h) Direct Expenses and Deferred Costs | |||||||
We typically expense direct expenses that we incur during the course of recovery audit and delivery of Profit Optimization services as incurred. For certain implementation and set-up costs associated with our “fee for service” revenue that we earn over an extended period of time, we defer the related direct and incremental costs and recognize them as expenses over the life of the underlying contract. | |||||||
In addition, we incur significant personnel and other costs when performing recovery audit services to certain healthcare organizations. The process of documenting that we have met our revenue recognition criteria as described in (b) Revenue Recognition, Unbilled Receivables and Refund Liabilities above is extensive and generally is completed from three months to a year after we substantially have completed our services. We defer these costs and recognize them as expenses when we record the related revenue. We had deferred $0.8 million of these costs as of December 31, 2013 and $0.9 million as of December 31, 2012 and reflected them as “Prepaid expenses and other current assets” in our Consolidated Balance Sheets. | |||||||
(i) Income Taxes | |||||||
We account for income taxes under the asset and liability method. We recognize deferred tax assets and liabilities for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. We measure deferred tax assets and liabilities using enacted tax rates we expect to apply to taxable income in the years in which we expect to recover or settle those temporary differences. We recognize the effect on the deferred tax assets and liabilities of a change in tax rates in income in the period that includes the enactment date. | |||||||
We reduce our deferred tax assets by a valuation allowance if it is more likely than not that some portion or all of a deferred tax asset will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences are deductible. In determining the amount of valuation allowance to record, we consider all available positive and negative evidence affecting specific deferred tax assets, including our past and anticipated future performance, the reversal of deferred tax liabilities, the length of carry-back and carry-forward periods and the implementation of tax planning strategies. Objective positive evidence is necessary to support a conclusion that a valuation allowance is not needed for all or a portion of deferred tax assets when significant negative evidence exists. Cumulative losses for tax reporting purposes in recent years are the most compelling form of negative evidence we considered in this determination. | |||||||
We apply a “more-likely-than-not” recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. We refer to GAAP for guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. In accordance with FASB ASC 740, our policy for recording interest and penalties associated with tax positions is to record such items as a component of income before income taxes. | |||||||
(j) Foreign Currency | |||||||
We use the local currency as the functional currency in the majority of the countries in which we conduct business outside of the United States. We translate the assets and liabilities denominated in foreign currencies into U.S. dollars at the current rates of exchange at the balance sheet date. We include the translation gains and losses as a separate component of shareholders’ equity and in the determination of comprehensive income (loss). We translate revenue and expenses in foreign currencies at the weighted average exchange rates for the period. We separately state the foreign currency transaction gains and losses on short-term intercompany balances in the Consolidated Statements of Operations. We include all other realized and unrealized foreign currency transaction gains (losses) in “Selling, general and administrative expenses.” | |||||||
(k) Earnings (Loss) Per Common Share | |||||||
We compute basic earnings (loss) per common share by dividing net income (loss) available to common shareholders by the weighted-average number of shares of common stock outstanding during the period. We compute diluted earnings (loss) per common share by dividing net income (loss) available to common shareholders by the sum of (1) the weighted-average number of shares of common stock outstanding during the period, (2) the dilutive effect of the assumed exercise of stock options using the treasury stock method, and (3) the dilutive effect of other potentially dilutive securities. We exclude the potential dilutive effect of stock options and convertible instruments from the determination of diluted earnings per share if the effect of including them would be antidilutive. | |||||||
(l) Stock-Based Compensation | |||||||
We account for awards of equity instruments issued to employees under the fair value method of accounting and recognize such amounts in our Consolidated Statements of Operations. We measure compensation cost for all stock-based awards at fair value on the date of grant and recognize compensation expense in our Consolidated Statements of Operations using the straight-line method over the service period over which we expect the awards to vest. We recognize compensation costs for awards with performance conditions based on the probable outcome of the performance conditions. We accrue compensation cost if we believe it is probable that the performance condition(s) will be achieved and do not accrue compensation cost if we believe it is not probable that the performance condition(s) will be achieved. | |||||||
We estimate the fair value of all time-vested options as of the date of grant using the Black-Scholes option valuation model, which was developed for use in estimating the fair value of traded options that have no vesting restrictions and are fully transferable. Option valuation models require the input of highly subjective assumptions, including the expected stock price volatility. Given our limited history with stock option grants and exercises, we use the “simplified” method in estimating the expected term for our grants. | |||||||
For time-vested option grants that resulted in compensation expense recognition, we used the following assumptions in our Black-Scholes valuation models: | |||||||
Years Ended December 31, | |||||||
2013 | 2012 | 2011 | |||||
Risk-free interest rates | 0.37% - 1.55% | 0.33% - 0.83% | 0.86% - 2.30% | ||||
Dividend yields | —% | —% | —% | ||||
Volatility factor of expected market price | .446 - .675 | .530 - .710 | .732 - .797 | ||||
Weighted-average expected term of option | 3.7 - 5 years | 3.8 - 5 years | 3.7 - 5 years | ||||
Forfeiture rate | —% | —% | —% | ||||
We estimate the fair value of awards of restricted shares and nonvested shares as being equal to the market value of the common stock on the date of the award. We classify our share-based payments as either liability-classified awards or as equity-classified awards. We remeasure liability-classified awards to fair value at each balance sheet date until the award is settled. We measure equity-classified awards at their grant date fair value and do not subsequently remeasure them. We have classified our share-based payments which are settled in our common stock as equity-classified awards and our share-based payments that are settled in cash as liability-classified awards. Compensation costs related to equity-classified awards generally are equal to the fair value of the award at grant-date amortized over the vesting period of the award. The liability for liability-classified awards generally is equal to the fair value of the award as of the balance sheet date multiplied by the percentage vested at the time. We record the change in the liability amount from one balance sheet date to another to compensation expense. | |||||||
(m) Comprehensive Income (Loss) and Accumulated Other Comprehensive Income | |||||||
Consolidated comprehensive income (loss) consists of consolidated net income (loss) and foreign currency translation adjustments. We present the calculation of consolidated comprehensive income (loss) in the accompanying Consolidated Statements of Comprehensive Income (Loss). No amounts have been reclassified out of Accumulated Other Comprehensive Income during the periods presented in our consolidated financial statements. | |||||||
(n) Segment Reporting | |||||||
We report our operating segment information in three segments: Recovery Audit Services – Americas; Recovery Audit Services – Europe/Asia-Pacific; and New Services. We include the unallocated portion of corporate selling, general and administrative expenses not specifically attributable to our three segments in Corporate Support. Our business segments reflect the internal reporting that our Chief Executive Officer, who is our chief operating decision maker, uses for the purpose of making decisions about allocating resources and assessing performance. Our management, including our Chief Executive Officer, uses what we internally refer to as “Adjusted EBITDA” as the primary measure of profit or loss for purposes of assessing the operating performance of all operating segments. We define Adjusted EBITDA as earnings from continuing operations before interest, taxes, depreciation and amortization (“EBITDA”) as adjusted for unusual and other significant items that management views as distorting the operating results of the various segments from period to period. | |||||||
EBITDA and Adjusted EBITDA are not financial measures determined in accordance with GAAP. Such non-GAAP financial measures do not measure the profit or loss of the reportable segments in accordance with GAAP. Given that we use Adjusted EBITDA as our primary measure of segment performance, GAAP rules on segment reporting require that we include this non-GAAP measure in our discussion of our operating segments. We also must reconcile Adjusted EBITDA to our operating results presented on a GAAP basis. We provide this reconciliation in Note 2 to these consolidated financial statements along with other information about our reportable segments. We do not intend the reconciling items to be, nor should they be, interpreted as non-recurring or extraordinary, or in any manner be deemed as adjustments made in accordance with GAAP. Because Adjusted EBITDA is not a financial measure determined in accordance with GAAP, it may not be comparable to other similarly titled measures of other companies. | |||||||
(o) New Accounting Standards | |||||||
No new accounting standards have been issued by the Financial Accounting Standards Board (“FASB”) and included in the Accounting Standards Codification (“ASC”) that PRGX has not yet adopted that we expect will have a significant impact on the Company's financial statements. |
Operating_Segments_and_Related
Operating Segments and Related Information | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||||||
Operating Segments and Related Information | ' | ||||||||||||||||||||
OPERATING SEGMENTS AND RELATED INFORMATION | |||||||||||||||||||||
We conduct our operations through three reportable segments: | |||||||||||||||||||||
Recovery Audit Services – Americas represents recovery audit services (other than Healthcare Claims Recovery Audit services) provided in the United States of America (“U.S.”), Canada and Latin America. | |||||||||||||||||||||
Recovery Audit Services – Europe/Asia-Pacific represents recovery audit services (other than Healthcare Claims Recovery Audit services) provided in Europe, Asia and the Pacific region. | |||||||||||||||||||||
New Services represents Profit Optimization services (formerly referred to as analytics and advisory services) and Healthcare Claims Recovery Audit services. | |||||||||||||||||||||
We include the unallocated portion of corporate selling, general and administrative expenses not specifically attributable to the three reportable segments in Corporate Support. | |||||||||||||||||||||
We evaluate the performance of our reportable segments based upon revenue and measures of profit or loss we refer to as EBITDA and Adjusted EBITDA. We define Adjusted EBITDA as earnings from continuing operations before interest and taxes (“EBIT”), adjusted for depreciation and amortization (“EBITDA”), and then further adjusted for unusual and other significant items that management views as distorting the operating results of the various segments from period to period. Such adjustments include restructuring charges, stock-based compensation, bargain purchase gains, acquisition-related charges and benefits (acquisition transaction costs, acquisition obligations classified as compensation, and fair value adjustments to acquisition-related contingent consideration), tangible and intangible asset impairment charges, certain litigation costs and litigation settlements, certain severance charges and foreign currency transaction gains and losses on short-term intercompany balances viewed by management as individually or collectively significant. We do not have any inter-segment revenue. | |||||||||||||||||||||
Segment information for the years ended December 31, 2013 and 2012 and 2011 (in thousands) is as follows: | |||||||||||||||||||||
Recovery | Recovery Audit | New | Corporate | Total | |||||||||||||||||
Audit | Services – | Services | Support | ||||||||||||||||||
Services – | Europe/Asia- | ||||||||||||||||||||
Americas | Pacific | ||||||||||||||||||||
2013 | |||||||||||||||||||||
Revenue | $ | 118,649 | $ | 46,436 | $ | 30,131 | $ | — | $ | 195,216 | |||||||||||
Net loss | $ | (186 | ) | ||||||||||||||||||
Income tax expense | 2,755 | ||||||||||||||||||||
Interest income, net | (77 | ) | |||||||||||||||||||
EBIT | $ | 27,094 | $ | 3,901 | $ | (5,720 | ) | $ | (22,783 | ) | 2,492 | ||||||||||
Depreciation of property and equipment | 5,617 | 514 | 2,100 | — | 8,231 | ||||||||||||||||
Amortization of intangible assets | 2,792 | 1,508 | 697 | — | 4,997 | ||||||||||||||||
EBITDA | 35,503 | 5,923 | (2,923 | ) | (22,783 | ) | 15,720 | ||||||||||||||
Impairment charges | 2,702 | — | 1,505 | — | 4,207 | ||||||||||||||||
Foreign currency transaction (gains) losses on short-term intercompany balances | 327 | (316 | ) | — | (24 | ) | (13 | ) | |||||||||||||
Acquisition-related charges | 1,315 | (900 | ) | 187 | — | 602 | |||||||||||||||
Transformation severance and related expenses | 107 | 1,135 | 168 | 1,134 | 2,544 | ||||||||||||||||
Stock-based compensation | — | — | — | 6,294 | 6,294 | ||||||||||||||||
Adjusted EBITDA | $ | 39,954 | $ | 5,842 | $ | (1,063 | ) | $ | (15,379 | ) | $ | 29,354 | |||||||||
Capital expenditures | $ | 5,292 | $ | 781 | $ | 802 | $ | — | $ | 6,875 | |||||||||||
Allocated assets | $ | 55,978 | $ | 16,706 | $ | 12,426 | $ | — | $ | 85,110 | |||||||||||
Unallocated assets: | |||||||||||||||||||||
Cash and cash equivalents | — | — | — | 43,700 | 43,700 | ||||||||||||||||
Restricted cash | — | — | — | 57 | 57 | ||||||||||||||||
Deferred loan costs | — | — | — | — | — | ||||||||||||||||
Deferred income taxes | — | — | — | 1,708 | 1,708 | ||||||||||||||||
Prepaid expenses and other assets | — | — | — | 2,254 | 2,254 | ||||||||||||||||
Total assets | $ | 55,978 | $ | 16,706 | $ | 12,426 | $ | 47,719 | $ | 132,829 | |||||||||||
Recovery | Recovery Audit | New | Corporate | Total | |||||||||||||||||
Audit | Services – | Services | Support | ||||||||||||||||||
Services – | Europe/Asia- | ||||||||||||||||||||
Americas | Pacific | ||||||||||||||||||||
2012 | |||||||||||||||||||||
Revenue | $ | 121,638 | $ | 53,783 | $ | 33,082 | $ | — | $ | 208,503 | |||||||||||
Net income | $ | 5,392 | |||||||||||||||||||
Income tax expense | 1,297 | ||||||||||||||||||||
Interest expense, net | 966 | ||||||||||||||||||||
EBIT | $ | 28,589 | $ | 5,035 | $ | (3,803 | ) | $ | (22,166 | ) | 7,655 | ||||||||||
Depreciation of property and equipment | 4,651 | 322 | 2,111 | — | 7,084 | ||||||||||||||||
Amortization of intangible assets | 4,355 | 2,062 | 807 | — | 7,224 | ||||||||||||||||
EBITDA | 37,595 | 7,419 | (885 | ) | (22,166 | ) | 21,963 | ||||||||||||||
Foreign currency transaction (gains) losses on short-term intercompany balances | (44 | ) | (331 | ) | — | (2 | ) | (377 | ) | ||||||||||||
Acquisition-related charges (benefits) | — | — | 382 | — | 382 | ||||||||||||||||
Transformation severance and related expenses | 493 | 1,156 | 394 | 64 | 2,107 | ||||||||||||||||
Wage claim costs | 577 | — | 407 | — | 984 | ||||||||||||||||
Stock-based compensation | — | — | — | 6,321 | 6,321 | ||||||||||||||||
Adjusted EBITDA | $ | 38,621 | $ | 8,244 | $ | 298 | $ | (15,783 | ) | $ | 31,380 | ||||||||||
Capital expenditures | $ | 5,699 | $ | 846 | $ | 1,386 | $ | — | $ | 7,931 | |||||||||||
Allocated assets | $ | 57,722 | $ | 17,893 | $ | 25,126 | $ | — | $ | 100,741 | |||||||||||
Unallocated assets: | |||||||||||||||||||||
Cash and cash equivalents | — | — | — | 37,806 | 37,806 | ||||||||||||||||
Restricted cash | — | — | — | 65 | 65 | ||||||||||||||||
Deferred loan costs | — | — | — | 193 | 193 | ||||||||||||||||
Deferred income taxes | — | — | — | 1,604 | 1,604 | ||||||||||||||||
Prepaid expenses and other assets | — | — | — | 3,177 | 3,177 | ||||||||||||||||
Total assets | $ | 57,722 | $ | 17,893 | $ | 25,126 | $ | 42,845 | $ | 143,586 | |||||||||||
Recovery | Recovery Audit | New | Corporate | Total | |||||||||||||||||
Audit | Services – | Services | Support | ||||||||||||||||||
Services – | Europe/Asia- | ||||||||||||||||||||
Americas | Pacific | ||||||||||||||||||||
2011 | |||||||||||||||||||||
Revenue | $ | 115,807 | $ | 61,570 | $ | 25,740 | $ | — | $ | 203,117 | |||||||||||
Net income | $ | 2,816 | |||||||||||||||||||
Income tax expense | 1,292 | ||||||||||||||||||||
Interest income, net | 1,616 | ||||||||||||||||||||
EBIT | $ | 26,280 | $ | 7,484 | $ | (6,951 | ) | $ | (21,089 | ) | 5,724 | ||||||||||
Depreciation of property and equipment | 3,491 | 417 | 1,493 | — | 5,401 | ||||||||||||||||
Amortization of intangible assets | 2,467 | 1,665 | 859 | — | 4,991 | ||||||||||||||||
EBITDA | 32,238 | 9,566 | (4,599 | ) | (21,089 | ) | 16,116 | ||||||||||||||
Foreign currency transaction (gains) losses on short-term intercompany balances | 144 | 272 | 1 | — | 417 | ||||||||||||||||
Acquisition-related charges (benefits) | — | — | 440 | 360 | 800 | ||||||||||||||||
Transformation severance and related expenses | 1,465 | 566 | — | — | 2,031 | ||||||||||||||||
Stock-based compensation | — | — | — | 5,093 | 5,093 | ||||||||||||||||
Adjusted EBITDA | $ | 33,847 | $ | 10,404 | $ | (4,158 | ) | $ | (15,636 | ) | $ | 24,457 | |||||||||
Capital expenditures | $ | 5,459 | $ | 1,041 | $ | 1,787 | $ | — | $ | 8,287 | |||||||||||
The following table presents revenue by country based on the location of clients served (in thousands): | |||||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
United States | $ | 115,819 | $ | 124,302 | $ | 107,072 | |||||||||||||||
United Kingdom | 24,639 | 30,437 | 36,123 | ||||||||||||||||||
Canada | 19,584 | 17,007 | 20,200 | ||||||||||||||||||
France | 10,225 | 11,330 | 13,425 | ||||||||||||||||||
Brazil | 5,090 | 5,919 | 5,718 | ||||||||||||||||||
Mexico | 4,482 | 4,877 | 4,836 | ||||||||||||||||||
Australia | 4,461 | 2,467 | 1,299 | ||||||||||||||||||
New Zealand | 976 | 984 | 1,111 | ||||||||||||||||||
Thailand | 971 | 896 | 470 | ||||||||||||||||||
Czech Republic | 909 | 1,110 | 706 | ||||||||||||||||||
Hong Kong | 851 | 743 | 586 | ||||||||||||||||||
Spain | 844 | 1,252 | 1,901 | ||||||||||||||||||
Other | 6,365 | 7,179 | 9,670 | ||||||||||||||||||
$ | 195,216 | $ | 208,503 | $ | 203,117 | ||||||||||||||||
The following table presents long-lived assets by country based on the location of the asset (in thousands): | |||||||||||||||||||||
December 31, | |||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||
United States | $ | 33,686 | $ | 42,629 | |||||||||||||||||
United Kingdom | 6,690 | 8,328 | |||||||||||||||||||
All Other | 1,378 | 1,483 | |||||||||||||||||||
$ | 41,754 | $ | 52,440 | ||||||||||||||||||
Wal-Mart Stores Inc. (and its affiliated companies) accounted for approximately 10.2% of total revenue in 2011. We recorded this revenue primarily in the Recovery Audit Services – Americas Segment. No client accounted for 10% or more of total revenue in 2013 or 2012. |
Earnings_Loss_Per_Common_Share
Earnings (Loss) Per Common Share | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Earnings (Loss) Per Common Share | ' | ||||||||||||
EARNINGS (LOSS) PER COMMON SHARE | |||||||||||||
The following tables set forth the computations of basic and diluted earnings (loss) per common share (in thousands, except per share data): | |||||||||||||
Years Ended December 31, | |||||||||||||
Basic earnings (loss) per common share: | 2013 | 2012 | 2011 | ||||||||||
Numerator: | |||||||||||||
Net income (loss) | $ | (186 | ) | $ | 5,392 | $ | 2,816 | ||||||
Denominator: | |||||||||||||
Weighted-average common shares outstanding | 29,169 | 25,566 | 24,634 | ||||||||||
Basic earnings (loss) per common share | $ | (0.01 | ) | $ | 0.21 | $ | 0.11 | ||||||
Years Ended December 31, | |||||||||||||
Diluted earnings (loss) per common share: | 2013 | 2012 | 2011 | ||||||||||
Numerator: | |||||||||||||
Net income (loss) | $ | (186 | ) | $ | 5,392 | $ | 2,816 | ||||||
Denominator: | |||||||||||||
Weighted-average common shares outstanding | 29,169 | 25,566 | 24,634 | ||||||||||
Incremental shares from stock-based compensation plans | — | 571 | 395 | ||||||||||
Denominator for diluted earnings per common share | 29,169 | 26,137 | 25,029 | ||||||||||
Diluted earnings (loss) per common share | $ | (0.01 | ) | $ | 0.21 | $ | 0.11 | ||||||
Weighted-average shares outstanding excludes antidilutive shares underlying options that totaled 3.0 million, 1.6 million, and 1.5 million shares from the computation of diluted earnings (loss) per common share for the years ended December 31, 2013, 2012, and 2011. Weighted-average shares outstanding excludes antidilutive Performance Units issuable under the Company's 2006 Management Incentive Plan that totaled less than 0.1 million shares from the computation of diluted earnings (loss) per common share for the year ended December 31, 2013. As a result of the net loss for the year ended December 31, 2013, all shares underlying stock options and Performance Units were considered antidilutive. The number of common shares we used in the basic and diluted earnings (loss) per common share computations include nonvested restricted shares of 0.7 million, 0.9 million, and 1.2 million for the years ended December 31, 2013, 2012 and 2011, respectively, and nonvested restricted share units that we consider to be participating securities of 0.2 million for the years ended December 31, 2013, 2012, and 2011. |
Goodwill_and_Intangible_Assets
Goodwill and Intangible Assets | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ||||||||||||||||||||
GOODWILL AND INTANGIBLE ASSETS | ' | ||||||||||||||||||||
GOODWILL AND INTANGIBLE ASSETS | |||||||||||||||||||||
(a) Goodwill | |||||||||||||||||||||
We evaluate the recoverability of goodwill in the fourth quarter of each year or sooner if events or changes in circumstances indicate that the carrying amount may exceed its fair value. These analyses did not result in an impairment charge during the periods presented. Goodwill in our Recovery Audit Services - Americas segment includes accumulated impairment losses of $359.9 million recorded in 2002 and 2005. | |||||||||||||||||||||
Goodwill by reportable segments during 2013 and 2012 was as follows (in thousands): | |||||||||||||||||||||
Recovery | Recovery Audit | New | Total | ||||||||||||||||||
Audit | Services – | Services | |||||||||||||||||||
Services – | Europe/Asia- | ||||||||||||||||||||
Americas | Pacific | ||||||||||||||||||||
Balance, January 1, 2012 | $ | 12,177 | $ | 173 | $ | 596 | $ | 12,946 | |||||||||||||
Goodwill recorded in connection with business combinations | — | 696 | — | 696 | |||||||||||||||||
Foreign currency translation | — | 27 | — | 27 | |||||||||||||||||
Balance, December 31, 2012 | 12,177 | 896 | 596 | 13,669 | |||||||||||||||||
Foreign currency translation | — | 17 | — | 17 | |||||||||||||||||
Balance, December 31, 2013 | 12,177 | 913 | 596 | 13,686 | |||||||||||||||||
We initially recorded goodwill of $7.8 million in our Recovery Audit Services – Americas segment in conjunction with our December 2011 acquisition of Business Strategy, Inc. (“BSI”) (see Note 12 – Business Acquisitions below). We recorded purchase price adjustments in 2012 of $0.2 million that reduced the BSI goodwill to $7.6 million and recorded this change retroactively to 2011 bringing the total goodwill for this segment to $12.2 million as of December 31, 2013. We also recorded additions to goodwill of $0.7 million in our Recovery Audit Services – Europe/Asia-Pacific segment in 2012 relating to our acquisitions in 2012 of two third-party audit firms to which we had subcontracted a portion of our audit services (“associate migrations”) bringing the total goodwill for this segment to $0.9 million as of December 31, 2013. | |||||||||||||||||||||
(b) Intangible Assets | |||||||||||||||||||||
Intangible assets consist principally of amounts we assigned to customer relationships, trademarks, non-compete agreements and trade names in conjunction with business acquisitions. Changes in intangible assets in 2012 related primarily to the completion of two associate migrations, CRC Management Consultants LLP (“CRC”) and QFS Ltd (“QFS”). Note 12 – Business Acquisitions below includes a more detailed description of the acquisitions in 2012. Intangible assets associated with CRC and QFS are denominated in British pounds sterling and are subject to FX adjustments. We present the amounts below in United States dollars utilizing foreign currency exchange rates as of the respective balance sheet dates. | |||||||||||||||||||||
Amortization expense relating to intangible assets was $4.8 million in 2013, $5.4 million in 2012 and $4.6 million in 2011. As of December 31, 2013 and based on our current amortization methods, we project amortization expense relating to intangible assets for the next five years will be $3.6 million in 2014, $2.7 million in 2015, $1.7 million in 2016, $1.4 million in 2017 and $1.2 million in 2018. We generally use accelerated amortization methods for customer relationships and trade names, and straight-line amortization for non-compete agreements. | |||||||||||||||||||||
Changes in noncurrent intangible assets during 2013 and 2012 were as follows (in thousands): | |||||||||||||||||||||
Customer | Trademarks | Non- | Trade | Total | |||||||||||||||||
Relationships | compete | Names | |||||||||||||||||||
Agreements | |||||||||||||||||||||
Gross carrying amount: | |||||||||||||||||||||
Balance, January 1, 2012 | $ | 39,306 | $ | 1,058 | $ | 2,293 | $ | 2,865 | $ | 45,522 | |||||||||||
Acquisition of CRC | — | — | 128 | — | 128 | ||||||||||||||||
Acquisition of QFS | — | — | 43 | — | 43 | ||||||||||||||||
FX adjustments and other | 359 | 23 | 44 | — | 426 | ||||||||||||||||
Balance, December 31, 2012 | 39,665 | 1,081 | 2,508 | 2,865 | 46,119 | ||||||||||||||||
FX adjustments and other | 150 | 9 | 21 | — | 180 | ||||||||||||||||
Balance, December 31, 2013 | $ | 39,815 | $ | 1,090 | $ | 2,529 | $ | 2,865 | $ | 46,299 | |||||||||||
Accumulated amortization: | |||||||||||||||||||||
Balance, January 1, 2012 | $ | (19,793 | ) | $ | (224 | ) | $ | (785 | ) | $ | (1,314 | ) | $ | (22,116 | ) | ||||||
Amortization expense | (3,692 | ) | (238 | ) | (751 | ) | (713 | ) | (5,394 | ) | |||||||||||
FX adjustments and other | (170 | ) | (11 | ) | (29 | ) | — | (210 | ) | ||||||||||||
Balance, December 31, 2012 | (23,655 | ) | (473 | ) | (1,565 | ) | (2,027 | ) | (27,720 | ) | |||||||||||
Amortization expense | (3,355 | ) | (215 | ) | (552 | ) | (680 | ) | (4,802 | ) | |||||||||||
FX adjustments and other | (158 | ) | (12 | ) | (25 | ) | — | (195 | ) | ||||||||||||
Balance, December 31, 2013 | $ | (27,168 | ) | $ | (700 | ) | $ | (2,142 | ) | $ | (2,707 | ) | $ | (32,717 | ) | ||||||
Net carrying amount: | |||||||||||||||||||||
Balance, December 31, 2012 | $ | 16,010 | $ | 608 | $ | 943 | $ | 838 | $ | 18,399 | |||||||||||
Balance, December 31, 2013 | $ | 12,647 | $ | 390 | $ | 387 | $ | 158 | $ | 13,582 | |||||||||||
Estimated useful life (years) | 6-20 years | 6 years | 1-5 years | 4-5 years | |||||||||||||||||
Debt
Debt | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Debt Disclosure [Abstract] | ' | ||||||||
Debt | ' | ||||||||
DEBT | |||||||||
Debt consisted of the following (in thousands): | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
SunTrust term loan due quarterly through January 2014 | $ | — | $ | 6,000 | |||||
Less current portion | — | 3,000 | |||||||
Noncurrent portion | $ | — | $ | 3,000 | |||||
On January 19, 2010, we entered into a four-year revolving credit and term loan agreement with SunTrust Bank (“SunTrust”). The SunTrust credit facility initially consisted of a $15.0 million committed revolving credit facility and a $15.0 million term loan. The SunTrust credit facility is guaranteed by the Company and all of its material domestic subsidiaries and secured by substantially all of the assets of the Company. Prior to the January 2014 amendment to the SunTrust credit facility described below, amounts available under the SunTrust revolver were based on eligible accounts receivable and other factors. As of December 31, 2013, we had no outstanding borrowings under the SunTrust revolver. The SunTrust term loan required quarterly principal payments of $0.8 million beginning in March 2010, and a final principal payment of $3.0 million due in January 2014 that we paid in December 2013. | |||||||||
Interest on both the revolver and term loan is payable monthly and accrues at an index rate using the one-month LIBOR rate, plus an applicable margin as determined by the loan agreement. The applicable interest rate margin varied from 2.25% per annum to 3.5% per annum, dependent on our consolidated leverage ratio, and was determined in accordance with a pricing grid under the SunTrust loan agreement. The applicable margin was 2.25% and the interest rate was approximately 2.43% at December 31, 2013. We also must pay a commitment fee of 0.5% per annum, payable quarterly, on the unused portion of the $15.0 million SunTrust revolving credit facility. The weighted-average interest rate on term loan balances outstanding under the SunTrust credit facility during 2013, including fees, was 4.1%. We made mandatory principal payments on the SunTrust term loan totaling $3.0 million and the final principal payment of $3.0 million during the year ended December 31, 2013. | |||||||||
The SunTrust credit facility includes customary affirmative, negative, and financial covenants binding on the Company, including delivery of financial statements and other reports, maintenance of existence, and transactions with affiliates. The negative covenants limit the ability of the Company, among other things, to incur debt, incur liens, make investments, sell assets, repurchase shares of its capital stock or declare or pay dividends on its capital stock. The financial covenants included in the SunTrust credit facility, among other things, limit the amount of capital expenditures the Company can make, set forth maximum leverage and net funded debt ratios for the Company and a minimum fixed charge coverage ratio, and also require the Company to maintain minimum consolidated earnings before interest, taxes, depreciation and amortization. In addition, the SunTrust credit facility includes customary events of default. The Company was in compliance with the covenants in its SunTrust credit facility throughout the year ended December 31, 2013. | |||||||||
On January 17, 2014, we entered into an amendment of the SunTrust credit facility that increased the committed revolving credit facility from $15.0 million to $25.0 million, lowered the applicable margin to a fixed rate of 1.75%, eliminated the provision limiting availability under the revolving credit facility based on eligible accounts receivable and extended the scheduled maturity of the revolving credit facility to January 16, 2015 (subject to earlier termination as provided therein). | |||||||||
Future Minimum Payments | |||||||||
There were no future minimum principal payments of debt as of December 31, 2013. |
Lease_Commitments
Lease Commitments | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||||||||||
LEASE COMMITMENTS | ' | ||||||||||||
LEASE COMMITMENTS | |||||||||||||
PRGX is committed under noncancelable lease arrangements for facilities and equipment. Rent expense, excluding costs associated with the termination of noncancelable lease arrangements, was $6.3 million in 2013, $6.2 million in 2012 and $6.7 million in 2011. | |||||||||||||
We have subleased approximately 58,000 square feet of our principal executive office space to independent third parties. The sublease rental income we earn is less than the lease payments we make. We also accrue future rental obligations relating to leases for which we no longer are utilizing the office space. Our current liabilities relating to these lease obligations were $1.0 million as of December 31, 2013 and $1.1 million as of December 31, 2012 that we have included in “Accounts payable and accrued expenses” in our Consolidated Balance Sheet. Our noncurrent liabilities relating to these lease obligations were $0.9 million as of December 31, 2012 that we have included in "Other long-term liabilities" in our Consolidated Balance Sheet. There were no noncurrent liabilities as of December 31, 2013 associated with leased space that we no longer are utilizing. We adjust the fair value of the remaining lease payments, net of sublease income, based on payments we make and sublease income we receive. We include accretion of this liability related to discounting in rent expense. In January 2014, we amended the lease for our principal executive offices to extend the term through December 31, 2021, reduce the lease payment for 2014, and reduce the space under lease to approximately 58,000 square feet effective January 1, 2015. | |||||||||||||
We have entered into several operating lease agreements that contain provisions for future rent increases, free rent periods or periods in which rent payments are reduced (abated). We charge the total amount of rental payments due over the lease term to rent expense on the straight-line, undiscounted method over the lease terms. | |||||||||||||
Future minimum lease payments under noncancelable operating leases (both gross and net of any sublease income), including the amended lease for our principal executive offices, are as follows (in thousands): | |||||||||||||
Year Ending December 31, | Gross | Sublease Income | Net | ||||||||||
2014 | $ | 7,038 | $ | (872 | ) | $ | 6,166 | ||||||
2015 | 3,420 | — | 3,420 | ||||||||||
2016 | 2,768 | — | 2,768 | ||||||||||
2017 | 2,126 | — | 2,126 | ||||||||||
2018 | 1,552 | — | 1,552 | ||||||||||
Thereafter | 4,854 | — | 4,854 | ||||||||||
Total payments | $ | 21,758 | $ | (872 | ) | $ | 20,886 | ||||||
Income_Taxes
Income Taxes | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||
Income Taxes | ' | ||||||||||||
INCOME TAXES | |||||||||||||
Income (loss) before income taxes relate to the following jurisdictions (in thousands): | |||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
United States | $ | (5,457 | ) | $ | 3,158 | $ | (3,182 | ) | |||||
Foreign | 8,026 | 3,531 | 7,290 | ||||||||||
$ | 2,569 | $ | 6,689 | $ | 4,108 | ||||||||
The provision for income taxes consists of the following (in thousands): | |||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Current: | |||||||||||||
Federal | $ | — | $ | 78 | $ | — | |||||||
State | (452 | ) | (30 | ) | 79 | ||||||||
Foreign | 3,230 | 2,048 | 3,364 | ||||||||||
2,778 | 2,096 | 3,443 | |||||||||||
Deferred: | |||||||||||||
Federal | — | — | (1,603 | ) | |||||||||
State | — | — | (133 | ) | |||||||||
Foreign | (23 | ) | (799 | ) | (415 | ) | |||||||
(23 | ) | (799 | ) | (2,151 | ) | ||||||||
Total | $ | 2,755 | $ | 1,297 | $ | 1,292 | |||||||
The significant differences between the U.S. federal statutory tax rate of 34% and the Company’s effective income tax expense for earnings (in thousands) are as follows: | |||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Statutory federal income tax rate | $ | 873 | $ | 2,274 | $ | 1,397 | |||||||
State income taxes, net of federal effect | (657 | ) | 24 | (130 | ) | ||||||||
Change in deferred tax asset valuation allowance | (142 | ) | (1,883 | ) | (1,910 | ) | |||||||
Foreign taxes in excess of U.S. statutory rate | 1,784 | 486 | 1,481 | ||||||||||
Compensation deduction limitation | 820 | 265 | 360 | ||||||||||
Other, net | 77 | 131 | 94 | ||||||||||
$ | 2,755 | $ | 1,297 | $ | 1,292 | ||||||||
The tax effects of temporary differences and carry-forwards that give rise to deferred tax assets and liabilities consist of the following (in thousands): | |||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
Deferred income tax assets: | |||||||||||||
Accounts payable and accrued expenses | $ | 1,864 | $ | 2,088 | |||||||||
Accrued payroll and related expenses | 1,933 | 3,902 | |||||||||||
Stock-based compensation expense | 9,811 | 9,221 | |||||||||||
Depreciation of property and equipment | 5,836 | 3,746 | |||||||||||
Non-compete agreements | 8 | 27 | |||||||||||
Operating loss carry-forwards of foreign subsidiary | 1,690 | 1,501 | |||||||||||
Federal operating loss carry-forwards | 31,003 | 27,494 | |||||||||||
Intangible assets | 865 | 6,195 | |||||||||||
State operating loss carry-forwards | 2,925 | 2,648 | |||||||||||
Other | 2,165 | 3,243 | |||||||||||
Gross deferred tax assets | 58,100 | 60,065 | |||||||||||
Less valuation allowance | 48,453 | 48,489 | |||||||||||
Gross deferred tax assets net of valuation allowance | 9,647 | 11,576 | |||||||||||
Deferred income tax liabilities: | |||||||||||||
Intangible assets | 3,970 | 5,790 | |||||||||||
Unbilled receivables and refund liabilities | 1,765 | 2,538 | |||||||||||
Capitalized software | 984 | 969 | |||||||||||
Other | 1,220 | 675 | |||||||||||
Gross deferred tax liabilities | 7,939 | 9,972 | |||||||||||
Net deferred tax assets | $ | 1,708 | $ | 1,604 | |||||||||
Our reported effective tax rates on income approximated 107.2% in 2013, 19.4% in 2012 and 31.5% in 2011. Reported income tax expense in each year primarily results from taxes on the income of foreign subsidiaries. The effective tax rates generally differ from the expected tax rate primarily due to the Company’s deferred tax asset valuation allowance on the domestic earnings and taxes on income of foreign subsidiaries. | |||||||||||||
We reduce our deferred tax assets by a valuation allowance if it is more likely than not that some portion or all of a deferred tax asset will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences are deductible. In making this determination, we consider all available positive and negative evidence affecting specific deferred tax assets, including our past and anticipated future performance, the reversal of deferred tax liabilities, the length of carry-back and carry-forward periods and the implementation of tax planning strategies. Since this evaluation requires consideration of future events, significant judgment is required in making the evaluation, and our conclusion could be materially different should certain of our expectations not be met. | |||||||||||||
Objective positive evidence is necessary to support a conclusion that a valuation allowance is not needed for all or a portion of deferred tax assets when significant negative evidence exists. Cumulative tax losses in recent years are the most compelling form of negative evidence considered by management in this determination. As of December 31, 2013, management determined that based on all available evidence, a valuation allowance was required for all U.S. deferred tax assets due to losses incurred for income tax reporting purposes for the past several years. We recorded a valuation allowance of $48.5 million as of December 31, 2013, representing a change of less than $0.1 million from the valuation allowance of $48.5 million recorded as of December 31, 2012. | |||||||||||||
In 2011, management determined that a valuation allowance was no longer required against the deferred tax assets of one of its foreign subsidiaries given its return to profitability and future projected profitability. In the past two years, the foreign subsidiary did not meet its projections, and incurred losses in both 2012 and 2013. At December 31, 2013, we had gross deferred tax assets of $2.0 million relating to this subsidiary. Given the recent losses, management considered the need to record a valuation allowance against the net deferred tax assets of this foreign subsidiary. Our assessment considered both positive and negative evidence regarding future profitability. The positive evidence includes improvements we have made and plan to further in 2014 in the cost structure of the subsidiary; our recent expansion of services to a promising industry that we believe will help to improve the financial performance of the subsidiary; and our forecasts for future taxable income for this subsidiary. The negative evidence includes the recent losses generated by the subsidiary. After consideration of these factors, we determined that it was more likely than not that in future periods we will generate sufficient pre-tax income to utilize substantially all of the net deferred tax assets of this subsidiary, and we did not record a valuation allowance against the net deferred tax assets of this subsidiary. | |||||||||||||
As of December 31, 2013, we had approximately $88.6 million of U.S. federal loss carry-forwards available to reduce future U.S. federal taxable income. The U.S. federal loss carry-forwards expire through 2033. As of December 31, 2013, we had approximately $100.9 million of state loss carry-forwards available to reduce future state taxable income. The state loss carry-forwards expire to varying degrees between 2018 and 2033 and are subject to certain limitations. | |||||||||||||
Generally, we have not provided deferred taxes on the undistributed earnings of international subsidiaries as we consider these earnings to be permanently reinvested. As it relates to the earnings of our Canadian subsidiary, we assert that we are not permanently reinvested. We provided additional deferred taxes of $0.4 million in 2013, $0.2 million in 2012, and $0.2 million in 2011 representing the estimated withholding tax liability due if such amounts are repatriated. We did not provide additional incremental U.S. income tax expense on these amounts as the Canadian subsidiary is classified as a branch for U.S. income tax purposes. | |||||||||||||
On March 17, 2006, the Company experienced an ownership change as defined under Section 382 of the Internal Revenue Code (“IRC”). This ownership change resulted in an annual IRC Section 382 limitation that limits the use of certain tax attribute carry-forwards and also resulted in the write-off of certain deferred tax assets and the related valuation allowances that the Company recorded in 2006. Of the $88.6 million of U.S. federal loss carry-forwards available to the Company, $16.5 million of the loss carry-forwards are subject to an annual usage limitation of $1.4 million. The Company has reviewed subsequent potential ownership changes as defined under IRC Section 382 and has determined that on August 4, 2008, the Company experienced an additional ownership change. This subsequent ownership change did not decrease the original limitation nor did it impact the Company’s financial position, results of operations, or cash flows. | |||||||||||||
We apply a “more-likely-than-not” recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. We refer to GAAP for guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. Our policy for recording potential interest and penalties associated with uncertain tax positions is to record such items as a component of income before income taxes. | |||||||||||||
A reconciliation of our beginning and ending amount of unrecognized tax benefits and related accrued interest thereon is as follows: | |||||||||||||
Unrecognized Tax Benefits | Accrued Interest and Penalties | ||||||||||||
Balance at January 1, 2011 | $ | 2,055 | $ | 1,765 | |||||||||
Additions based on tax positions related to the current year | — | — | |||||||||||
Additions based on tax positions related to the prior years | 594 | 453 | |||||||||||
Balance at December 31, 2011 | $ | 2,649 | $ | 2,218 | |||||||||
Additions based on tax positions related to the current year | — | — | |||||||||||
Additions based on tax positions related to the prior years | 333 | 456 | |||||||||||
Decreases based on tax positions related to the prior years | (785 | ) | (1,214 | ) | |||||||||
Balance at December 31, 2012 | $ | 2,197 | $ | 1,460 | |||||||||
Additions based on tax positions related to the current year | — | — | |||||||||||
Additions based on tax positions related to the prior years | — | 119 | |||||||||||
Decreases based on payments made during the year | (932 | ) | (385 | ) | |||||||||
Decreases based on tax positions related to the prior years | (541 | ) | (934 | ) | |||||||||
Balance at December 31, 2013 | $ | 724 | $ | 260 | |||||||||
The decreases in the unrecognized tax benefits and the related accrued interest and penalties in 2013 and 2012 occurred for several reasons, including the expiration of the statute of limitations for certain of these taxes in several states and in two foreign jurisdictions, completion of an audit by a foreign jurisdiction that resulted in a lower tax assessment than we had estimated, and the imposition of limitations on our potential liability resulting from our participation in voluntary disclosure agreement processes with several states. Due to the complexity of the tax rules underlying these unrecognized tax benefits, and the unclear timing of tax audits, tax agency determinations, and other events, we cannot establish reasonably reliable estimates for the periods in which the cash settlement of these liabilities will occur. | |||||||||||||
We file U.S., state, and foreign income tax returns in jurisdictions with varying statutes of limitations. As of December 31, 2013, the 2010 through 2012 tax years generally remain subject to examination by federal and most state and foreign tax authorities. The use of net operating losses generated in tax years prior to 2010 may also subject returns for those years to examination. |
Employee_Benefit_Plans
Employee Benefit Plans | 12 Months Ended |
Dec. 31, 2013 | |
Compensation and Retirement Disclosure [Abstract] | ' |
EMPLOYEE BENEFIT PLANS | ' |
EMPLOYEE BENEFIT PLANS | |
We maintain a defined contribution retirement plan in accordance with Section 401(k) of the Internal Revenue Code, which allows eligible participating employees to defer receipt of up to 50% of their annual compensation and contribute such amount to one or more investment funds. We match employee contributions in a discretionary amount to be determined by management and approved by the Board of Directors each plan year up to the lesser of 6% of an employee’s annual compensation or $3,000 per participant. We also may make additional discretionary contributions to the Plan as determined by management and approved by the Board of Directors each plan year. Company matching funds and discretionary contributions vest 100% after three years of service for participants who either had attained three or more years of service or were hired on or after January 1, 2012. For all other participants, company matching funds and discretionary contributions vest at the rate of 20% after two years of service and 100% after three years of service. We amended the Plan in 2013 to add Roth 401(k) plan features that allow participating employees to make post-tax contributions in addition to, or in lieu of, the pre-tax contributions allowed under the Plan. Company matching funds are made on a pre-tax basis for both pre-tax and post-tax employee contributions, and are subject to the above limitations based on the aggregate pre-tax and post-tax contribution by the participant. We contributed approximately $1.1 million in both 2013 and 2012 to the Plan. We did not make a contribution in 2011 to the Plan. |
Shareholder_Rights_Plan_and_Ca
Shareholder Rights Plan and Capital Structure | 12 Months Ended |
Dec. 31, 2013 | |
Equity [Abstract] | ' |
SHAREHOLDER RIGHTS PLAN AND CAPITAL STRUCTURE | ' |
SHAREHOLDER RIGHTS PLAN AND CAPITAL STRUCTURE | |
On August 1, 2000, the Board authorized a shareholder protection rights plan designed to protect Company shareholders from coercive or unfair takeover techniques through the use of a Shareholder Protection Rights Agreement approved by the Board (the “Rights Plan”). The Rights Plan was amended several times to extend the expiration date ultimately through August 9, 2013. The Board of Directors of the Company allowed the Shareholder Rights Plan to expire on August 9, 2013 in accordance with its terms. | |
Effective July 31, 2000, in connection with the Rights Plan, the Board amended the Company’s Articles of Incorporation to establish a new series of stock, which is designated as participating preferred stock. The Company’s remaining, undesignated preferred stock may be issued at any time or from time to time in one or more series with such designations, powers, preferences, rights, qualifications, limitations and restrictions (including dividend, conversion and voting rights) as may be determined by the Board, without any further votes or action by the shareholders. As of December 31, 2013 and 2012, the Company had no preferred stock outstanding. | |
On December 11, 2012, we closed a public offering of 6,249,234 shares of our common stock, which consisted of 2,500,000 shares sold by us and 3,749,234 shares sold by certain selling shareholders, at a price to the public of $6.39 per share. The net proceeds to us from the public offering, after deducting underwriting discounts and commissions and offering expenses, were $14.7 million. We did not receive any proceeds from the sale of shares by the selling shareholders. In addition, the underwriters elected to exercise an overallotment option for an additional 687,385 shares, and completed the additional sale on January 8, 2013. The net proceeds to us from the overallotment, after deducting underwriting discounts and commission and offering expenses, were $4.1 million. |
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2013 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Commitments and Contingencies | ' |
COMMITMENTS AND CONTINGENCIES | |
Legal Proceedings | |
We are party to a variety of legal proceedings arising in the normal course of business. While the results of these proceedings cannot be predicted with certainty, management believes that the final outcome of these proceedings will not have a material adverse effect on our financial position, results of operations or cash flows. |
StockBased_Compensation
Stock-Based Compensation | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||||||||
Stock-Based Compensation | ' | |||||||||||||
STOCK-BASED COMPENSATION | ||||||||||||||
The Company currently has three stock-based compensation plans under which awards have been granted: (1) the Stock Incentive Plan ("SIP"); (2) the 2006 Management Incentive Plan (“2006 MIP”); and (3) the 2008 Equity Incentive Plan (“2008 EIP”) (collectively, the “Plans”). The Company generally issues authorized but previously unissued shares to satisfy stock option exercises, grants of restricted stock awards and vesting of restricted stock units and settlements of 2006 MIP Performance Units. | ||||||||||||||
SIP Awards | ||||||||||||||
The SIP, as amended, authorized the grant of options or other stock-based awards, with respect to up to 1,237,500 shares of the Company’s common stock to key employees, directors, consultants and advisors. The majority of options granted pursuant to the SIP had five to seven year terms and vested and became fully exercisable on a ratable basis over one to five years of continued employment or service. The SIP expired in June 2008. | ||||||||||||||
2008 EIP Awards | ||||||||||||||
During the first quarter of 2008, the Board of Directors of the Company adopted the 2008 EIP, which was approved by the shareholders at the annual meeting of the shareholders on May 29, 2008. The 2008 EIP authorizes the grant of incentive and non-qualified stock options, stock appreciation rights, restricted stock, restricted stock units and other incentive awards. Two million shares of the Company’s common stock initially were reserved for issuance under the 2008 EIP pursuant to award grants to key employees, directors and service providers. The options granted pursuant to the 2008 EIP have seven year terms. | ||||||||||||||
An amendment to the 2008 EIP was adopted by the Company’s Board of Directors in April 2010 and approved at the Company’s annual meeting of shareholders held on June 15, 2010. This amendment, among other things, increased the number of shares reserved for issuance under the 2008 EIP by 3,400,000 shares to a total of 5,400,000 shares and provides that restricted stock awards and other full value awards will count as 1.41 shares against the available pool of shares under the plan. Another amendment to the 2008 EIP was adopted by the Company’s Board of Directors in April 2012 and approved at the Company’s annual meeting of shareholders held on June 19, 2012. This amendment increased the number of shares reserved for issuance under the 2008 EIP by 2,200,000 shares to a total of 7,600,000 shares. As of December 31, 2013, there were 924,062 shares available for future grants under the 2008 EIP. | ||||||||||||||
Stock options granted under the 2008 EIP generally have a term of seven years and vest in equal annual increments over the vesting period, which typically is three years for employees and one year for directors. | ||||||||||||||
The following table summarizes stock option grants during the years ended December 31, 2013, 2012, and 2011: | ||||||||||||||
Grantee | # of | Vesting Period | Weighted | Weighted | ||||||||||
Type | Options | Average | Average Grant | |||||||||||
Granted | Exercise Price | Date Fair Value | ||||||||||||
2013 | ||||||||||||||
Director group | 75,490 | 1 year or less | $ | 5.67 | $ | 2 | ||||||||
Director group | 17,092 | 3 years | $ | 6.83 | $ | 3.76 | ||||||||
Employee group | 549,875 | 3 years | $ | 5.75 | $ | 2.48 | ||||||||
Employee inducement (1) | 20,000 | 3 years | $ | 7.14 | $ | 3.81 | ||||||||
2012 | ||||||||||||||
Director group | 56,261 | 1 year or less | $ | 7.55 | $ | 3.89 | ||||||||
Director | 8,546 | 3 years | $ | 7.72 | $ | 4.25 | ||||||||
Employee group | 597,250 | 3 years | $ | 7.54 | $ | 4.12 | ||||||||
Employee inducement (2) | 45,000 | 3 years | $ | 8.54 | $ | 4.58 | ||||||||
2011 | ||||||||||||||
Director group | 65,801 | 1 year or less | $ | 7.23 | $ | 4.06 | ||||||||
Director group | 16,237 | 3 years | $ | 6.32 | $ | 3.98 | ||||||||
Employee group | 140,000 | 2 years | $ | 6.09 | $ | 3.72 | ||||||||
Employee group | 475,064 | 3 years | $ | 7.38 | $ | 4.33 | ||||||||
Employee inducement (3) | 200,000 | 3-4 years | $ | 5.37 | $ | 3.13 | ||||||||
-1 | The Company granted non-qualified performance-based stock options outside its existing stock-based compensation plans in the first quarter of 2013 to one employee in connection with the employee joining the Company. | |||||||||||||
-2 | The Company granted non-qualified stock options outside its existing stock-based compensation plans in the third quarter of 2012 to one employee in connection with the employee joining the Company. | |||||||||||||
-3 | The Company granted non-qualified stock options outside its existing stock-based compensation plans in the fourth quarter of 2011 to three employees in connection with their joining the company, which included 100,000 performance-based options. These options were forfeited in 2012. | |||||||||||||
Nonvested stock awards, including both restricted stock and restricted stock units, generally are nontransferable until vesting and the holders are entitled to receive dividends with respect to the nonvested shares. Prior to vesting, the grantees of restricted stock are entitled to vote the shares, but the grantees of restricted stock units are not entitled to vote the shares. Generally, nonvested stock awards vest in equal annual increments over the vesting period, which typically is three years for employees and one year for directors. | ||||||||||||||
The following table summarizes nonvested stock awards granted during the years ended December 31, 2013, 2012 and 2011: | ||||||||||||||
Grantee | # of Shares | Vesting Period | Weighted | |||||||||||
Type | Granted | Average Grant | ||||||||||||
Date Fair Value | ||||||||||||||
2013 | ||||||||||||||
Director group | 75,490 | 1 year or less | $ | 5.67 | ||||||||||
Director group | 17,092 | 3 years | $ | 6.83 | ||||||||||
Employee group | 599,875 | 3 years | $ | 5.82 | ||||||||||
Employee inducement (1) | 20,000 | 3 years | $ | 7.14 | ||||||||||
2012 | ||||||||||||||
Director group | 56,261 | 1 year or less | $ | 7.55 | ||||||||||
Director | 8,546 | 3 years | $ | 7.72 | ||||||||||
Employee group | 426,286 | 3 years | $ | 7.55 | ||||||||||
Employee inducement (2) | 45,000 | 3 years | $ | 8.54 | ||||||||||
2011 | ||||||||||||||
Director group | 65,801 | 1 year or less | $ | 7.23 | ||||||||||
Director group | 17,237 | 3 years | $ | 6.34 | ||||||||||
Employee group | 60,000 | 2 years | $ | 6.09 | ||||||||||
Employee group | 455,064 | 3 years | $ | 7.41 | ||||||||||
Employee inducement (3) | 120,000 | 3-4 years | $ | 5.66 | ||||||||||
-1 | The Company granted nonvested performance-based stock awards (restricted stock) outside its existing stock-based compensation plans in the first quarter of 2013 to one employee in connection with the employee joining the Company. | |||||||||||||
-2 | The Company granted nonvested stock awards (restricted stock units) outside its existing stock-based compensation plans in the third quarter of 2012 to one employee in connection with the employee joining the Company. | |||||||||||||
-3 | The Company granted performance-based nonvested stock awards (restricted stock) outside its existing stock-based compensation plans in the fourth quarter of 2011 to two employees in connection with their joining the company. These restricted stock awards were forfeited in 2012. | |||||||||||||
A summary of option activity as of December 31, 2013, and changes during the year then ended is presented below: | ||||||||||||||
Options | Shares | Weighted- | Weighted- | Aggregate | ||||||||||
Average | Average | Intrinsic | ||||||||||||
Exercise | Remaining | Value | ||||||||||||
Price | Contractual | ($ 000’s) | ||||||||||||
(Per Share) | Term | |||||||||||||
Outstanding at January 1, 2013 | 2,984,160 | $ | 6.7 | |||||||||||
Granted | 662,457 | 5.81 | ||||||||||||
Exercised | (202,159 | ) | 4.53 | $ | 354 | |||||||||
Forfeited | (322,038 | ) | 8.34 | |||||||||||
Expired | (87,000 | ) | 6.29 | |||||||||||
Outstanding at December 31, 2013 | 3,035,420 | $ | 6.49 | 4.12 years | $ | 3,558 | ||||||||
Exercisable at December 31, 2013 | 2,140,468 | $ | 6.49 | 3.31 years | $ | 3,061 | ||||||||
The weighted-average grant date fair value of options granted was $2.50 per share in 2013, $4.13 per share in 2012 and $3.94 per share in 2011. The total intrinsic value of options exercised was $0.4 million in 2013, $0.5 million in 2012 and $0.4 million in 2011. | ||||||||||||||
A summary of nonvested stock awards (restricted stock and restricted stock units) activity as of December 31, 2013, and changes during the year then ended is presented below: | ||||||||||||||
Nonvested Stock | Shares | Weighted | ||||||||||||
Average Grant | ||||||||||||||
Date Fair Value | ||||||||||||||
(Per Share) | ||||||||||||||
Nonvested at January 1, 2013 | 1,068,008 | $ | 6.54 | |||||||||||
Granted | 712,457 | 5.86 | ||||||||||||
Vested | (770,571 | ) | 5.96 | |||||||||||
Forfeited | (113,485 | ) | 6.78 | |||||||||||
Nonvested at December 31, 2013 | 896,409 | $ | 6.47 | |||||||||||
The weighted-average grant date fair value of nonvested stock awards (restricted stock and restricted stock units) granted was $5.86 per share in 2013, $7.64 per share in 2012 and $6.96 per share in 2011. The total vest date fair value of stock awards vested during the year was $4.6 million in 2013, $4.9 million in 2012 and $3.6 million in 2011. | ||||||||||||||
2006 MIP Performance Units | ||||||||||||||
At the annual meeting of shareholders held on August 11, 2006, the shareholders of the Company approved a proposal granting authorization to issue up to 2.1 million shares of the Company’s common stock under the 2006 MIP. At Performance Unit settlement dates, participants were issued that number of shares of Company common stock equal to 60% of the number of Performance Units being settled, and were paid in cash an amount equal to 40% of the fair market value of that number of shares of common stock equal to the number of Performance Units being settled. Prior to 2012, Performance Units were only granted in 2006 and 2007, and the last of such units were settled in May 2011. No Performance Units were outstanding as of December 31, 2011. | ||||||||||||||
On June 19, 2012, seven senior officers of the Company were granted 154,264 Performance Units under the 2006 MIP, comprising all remaining available awards under the 2006 MIP. The awards had an aggregate grant date fair value of $1.2 million and vest ratably over three years. Upon vesting, the Performance Units will be settled by the issuance of Company common stock equal to 60% of the number of Performance Units being settled and the payment of cash in an amount equal to 40% of the fair market value of that number of shares of common stock equal to the number of Performance Units being settled. | ||||||||||||||
During 2013, an aggregate of 93,664 Performance Units were settled by four current executive officers and two former executive officers, and 16,524 Performance Units were forfeited by one former executive officer. Such settlements resulted in the issuance of 56,197 shares of common stock and cash payments totaling $0.2 million. As of December 31, 2013, a total of 44,076 Performance Units were outstanding, none of which were vested. There was no settlement of Performance Units during 2012. During 2011, one current executive officer settled 44,831 Performance Units, resulting in the issuance of 26,898 shares of common stock and a cash payment of $0.1 million. All Performance Units must be settled before April 30, 2016. | ||||||||||||||
We recognized compensation expense of $0.5 million in 2013, $0.2 million in 2012 and less than $0.1 million in 2011 related to these 2006 MIP Performance Unit awards. We determined the amount of compensation expense recognized on the assumption that none of the Performance Unit awards would be forfeited and recorded actual forfeitures as incurred. | ||||||||||||||
Stock-based compensation charges aggregated $6.3 million in both 2013 and 2012, and $5.1 million in 2011. We include these charges in “Selling, general and administrative expenses” in the accompanying Consolidated Statements of Operations. At December 31, 2013, there was $6.6 million of unrecognized stock-based compensation expense related to stock options, restricted stock awards, restricted stock unit awards, and Performance Unit awards which we expect to recognize over a weighted-average period of 1.9 years. |
Business_Acquisitions
Business Acquisitions | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Business Combinations [Abstract] | ' | ||||||||
Business Acquisitions | ' | ||||||||
BUSINESS ACQUISITIONS | |||||||||
We completed several acquisitions in recent years that we describe below. Generally, we acquire businesses that we believe will provide a strategic fit for our existing operations, cost savings and revenue synergies, or enable us to expand our capabilities in our New Services segment. | |||||||||
We allocate the total purchase price in a business acquisition to the fair value of identified assets acquired and liabilities assumed based on the fair values at the acquisition date, and record amounts exceeding the fair values as goodwill. If the fair value of the assets acquired exceeds the purchase price, we record this excess as a gain on bargain purchase. We determine the estimated fair values of intangible assets acquired using our estimates of future discounted cash flows to be generated by the acquired business over the estimated duration of those cash flows. We base the estimated cash flows on our projections of future revenue, cost of revenue, capital expenditures, working capital needs and tax rates. We estimate the duration of the cash flows based on the projected useful life of the assets and business acquired. We determine the discount rate based on specific business risk, cost of capital and other factors. | |||||||||
Etesius Limited | |||||||||
In February 2010, the Company’s UK subsidiary acquired all the issued and outstanding capital stock of Etesius Limited (“Etesius”), a privately-held European provider of purchasing and payables technologies and spend analytics based in Chelmsford, United Kingdom. We have included the results of operations of Etesius in our New Services segment results of operations since the acquisition date. We acquired Etesius with the intention of expanding our capabilities in our Profit Optimization services business. | |||||||||
The financial terms of the Etesius share purchase agreement (“SPA”) required an initial payment to the Etesius shareholders of $2.8 million and a $0.3 million payment for obligations on behalf of Etesius shareholders which resulted in a total estimated purchase price value of approximately $3.1 million. | |||||||||
The SPA requires deferred payments of $1.2 million over four years from the date of the SPA to certain selling shareholders who are now our employees. The SPA also provides for potential additional variable payments (“earn-out”) to these selling shareholders/employees over the same four-year period based on the financial performance of certain of the Company’s services lines, up to a maximum of $3.8 million. Because we will not be obligated to make the deferred and earn-out payments upon the termination of employment of these employees under certain circumstances, we have recognized these payments as compensation expense as earned. From the acquisition date to December 31, 2013, we paid $0.5 million of the deferred payments. We paid the final $0.7 million in February 2014. We currently estimate that we will not pay any variable consideration relating to these provisions. | |||||||||
TJG Holdings LLC | |||||||||
In November 2010, we acquired the business and certain assets of TJG Holdings LLC (“TJG”), a privately-held provider of finance and procurement operations improvement services based in Chicago, Illinois. We have included the results of operations of TJG in our New Services segment results of operations since the acquisition date. We acquired TJG with the intention of expanding our Profit Optimization services business. We recorded goodwill in connection with this acquisition, representing the value of the assembled workforce, including a management team with deep industry knowledge. This goodwill is deductible for tax purposes. | |||||||||
The financial terms of the TJG Asset Purchase Agreement required an initial payment to the TJG owners of $2.3 million. Additional variable consideration (“earn-out”) could be earned based on the operating results generated by the acquired business over the two years subsequent to the acquisition, up to a maximum of $1.9 million. We recorded an additional $1.4 million payable based on management’s estimate of the fair value of the earn-out liability. We calculated the earn-out liability based on estimated future discounted cash flows to be generated by the acquired business over a two year period. We determined the discount rate based on specific business risk, cost of capital and other factors. The total estimated purchase price was valued at approximately $3.7 million. From the acquisition date to December 31, 2013, we paid $1.9 million of the earn-out and recorded accretion and other adjustments of the liability of $0.5 million, resulting in no remaining earn-out payable as of December 31, 2013. | |||||||||
Associate Migrations | |||||||||
During 2012, we acquired the assets of several third-party audit firms to which we had subcontracted a portion of our audit services in our Recovery Audit Services – Europe/Asia-Pacific segment. We refer to the subcontractors as associates, and to the acquisitions as associate migrations. In an associate migration, we generally transfer all of the employees of the associate entity to PRGX, and continue to service the related clients with the same personnel as were providing services prior to the associate migration. We completed the associate migrations with the intention of providing more standardization and centralization of our audit procedures, thereby increasing client service while also decreasing costs. Generally, revenue remains unchanged as a result of an associate migration, and expenses change from a fixed percentage of revenue to a variable amount based on actual employee and related costs. The 2012 associate migrations included CRC Management Consultants LLP (“CRC”) in January 2012 for a purchase price valued at $1.0 million; QFS Ltd (“QFS”) in June 2012 for a purchase price valued at $0.4 million; and Nordic Profit Provider AB (“NPP”) in November 2012 for a purchase price valued at $0.1 million. | |||||||||
The allocation of the aggregate fair values of the assets acquired and purchase price for these associate migrations in 2012 is summarized as follows (in thousands): | |||||||||
Fair values of net assets acquired: | |||||||||
Equipment | $ | 10 | |||||||
Intangible assets, primarily non-compete agreements | 171 | ||||||||
Working capital, including work in progress | 666 | ||||||||
Goodwill | 695 | ||||||||
Fair value of net assets acquired | $ | 1,542 | |||||||
Fair value of purchase price | $ | 1,542 | |||||||
Business Strategy, Inc. | |||||||||
In December 2011, we acquired Business Strategy, Inc. and substantially all of the assets of an affiliated company (collectively “BSI”), based in Grand Rapids, Michigan, for a purchase price valued at $11.9 million. BSI was a provider of recovery audit and related procure-to-pay process improvement services for commercial clients, and a provider of customized software solutions and outsourcing solutions to improve back office payment processes. We have included the results of operations of Business Strategy, Inc. in our Recovery Audit Services – Americas segment and the results of operations of the affiliated company in our New Services segment results of operations since the acquisition date. These amounts aggregated $0.8 million of revenue and $0.1 million of net earnings in 2011 and $10.9 million of revenue and $1.5 million of net earnings in 2012. We acquired BSI with the intention of expanding our commercial recovery audit capabilities and to expand the services we offer to our clients. | |||||||||
The purchase price included an initial cash payment of $2.8 million and 640,614 shares of our common stock having a value of $3.7 million. An additional payment of approximately $0.7 million was due and paid in the first half of 2012 for working capital received in excess of a specified minimum level. Additional variable consideration of up to $5.5 million, payable via a combination of cash and shares of our common stock, may be due based on the performance of the acquired businesses over a two-year period from the date of acquisition. We may also be required to pay additional consideration of up to $8.0 million, payable in cash over a period of two years, based on certain net cash fee receipts from a particular recovery audit claim at a specific client. We recorded an additional $4.9 million payable as of the acquisition date based on management’s estimate of the fair value of the variable consideration payable. We adjusted the $12.2 million initial estimates of the fair value of the assets and liabilities in 2012, resulting in reductions to goodwill of $0.2 million, and the fair value of the purchase price of $0.2 million, and recorded this change retroactively to 2011. The final goodwill amount of $7.6 million includes $1.5 million that is deductible for income tax purposes. | |||||||||
The final allocation of the fair values of the assets acquired and purchase price is summarized as follows (in thousands): | |||||||||
Fair values of net assets acquired: | Final Allocation | ||||||||
Equipment | $ | 70 | |||||||
Intangible assets, primarily customer relationships | 4,041 | ||||||||
Working capital, including work in progress | 1,967 | ||||||||
Deferred tax liabilities | (1,736 | ) | |||||||
Goodwill | 7,577 | ||||||||
Fair value of net assets acquired | $ | 11,919 | |||||||
Fair value of purchase price | $ | 11,919 | |||||||
From the acquisition date to December 31, 2013, we paid $3.7 million of the earn-out liability consisting of cash payments of $2.3 million and 217,155 shares of our common stock having a value of $1.4 million. We also recorded accretion and other adjustments of the earn-out liability of $1.3 million, resulting in an earn-out payable of $2.5 million as of December 31, 2013. | |||||||||
The following unaudited pro forma condensed financial information presents the combined results of operations of the Company, BSI, CRC, QFS, and NPP as if the acquisitions had occurred as of January 1, 2011. The unaudited pro forma financial information is not indicative of, nor does it purport to project, the future financial position or operating results of the Company. Pro forma adjustments included in these amounts consist primarily of amortization expense associated with the intangible assets recorded in the allocation of the purchase price. The unaudited pro forma financial information excludes acquisition and integration costs and does not give effect to any estimated and potential cost savings or other operating efficiencies that could result from the acquisition. Unaudited pro forma condensed financial information is as follows (in thousands): | |||||||||
Years Ended December 31, | |||||||||
2012 | 2011 | ||||||||
Revenue | $ | 208,503 | $ | 210,073 | |||||
Net income (loss) | $ | 5,913 | $ | 4,341 | |||||
Quarterly_Results_Unaudited
Quarterly Results (Unaudited) | 12 Months Ended | ||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||||||||||||||||||
QUARTERLY RESULTS (UNAUDITED) | ' | ||||||||||||||||||||||||||||||||
QUARTERLY RESULTS (UNAUDITED) | |||||||||||||||||||||||||||||||||
The following tables set forth certain unaudited condensed consolidated quarterly financial data for each of the last eight quarters during our fiscal years ended December 31, 2013 and 2012. We have derived the information from unaudited Condensed Consolidated Financial Statements that, in the opinion of management, reflect all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation of such quarterly information. The operating results for any quarter are not necessarily indicative of the results to be expected for any future period. | |||||||||||||||||||||||||||||||||
2013 Quarter Ended | 2012 Quarter Ended | ||||||||||||||||||||||||||||||||
Mar. 31 | 30-Jun | Sept. 30 | Dec. 31 | Mar. 31 | 30-Jun | Sept. 30 | Dec. 31 | ||||||||||||||||||||||||||
(In thousands, except per share data) | |||||||||||||||||||||||||||||||||
Revenue | $ | 45,101 | $ | 50,205 | $ | 53,403 | $ | 46,507 | $ | 51,649 | $ | 51,658 | $ | 52,087 | $ | 53,109 | |||||||||||||||||
Operating expenses: | |||||||||||||||||||||||||||||||||
Cost of revenue | 30,407 | 31,521 | 30,876 | 29,741 | 34,218 | 33,312 | 32,461 | 34,399 | |||||||||||||||||||||||||
Selling, general and administrative expenses | 11,711 | 12,630 | 13,944 | 14,472 | 12,637 | 12,696 | 13,242 | 13,952 | |||||||||||||||||||||||||
Depreciation of property and equipment | 2,008 | 2,027 | 2,034 | 2,162 | 1,513 | 1,579 | 1,716 | 2,276 | |||||||||||||||||||||||||
Amortization of intangible assets | 1,276 | 1,332 | 1,204 | 1,185 | 2,327 | 1,459 | 1,431 | 2,007 | |||||||||||||||||||||||||
Impairment charges | — | — | — | 4,207 | — | — | — | — | |||||||||||||||||||||||||
Total operating expenses | 45,402 | 47,510 | 48,058 | 51,767 | 50,695 | 49,046 | 48,850 | 52,634 | |||||||||||||||||||||||||
Operating income (loss) | (301 | ) | 2,695 | 5,345 | (5,260 | ) | 954 | 2,612 | 3,237 | 475 | |||||||||||||||||||||||
Foreign currency transaction (gains) losses on short-term intercompany balances | 357 | 225 | (636 | ) | 41 | (339 | ) | 497 | (348 | ) | (187 | ) | |||||||||||||||||||||
Interest expense (income), net | (217 | ) | 53 | 75 | 12 | 504 | 529 | 515 | (582 | ) | |||||||||||||||||||||||
Income (loss) before income taxes | (441 | ) | 2,417 | 5,906 | (5,313 | ) | 789 | 1,586 | 3,070 | 1,244 | |||||||||||||||||||||||
Income tax expense (benefit) | 56 | 586 | 1,029 | 1,084 | 497 | 584 | 505 | (289 | ) | ||||||||||||||||||||||||
Net income (loss) | (497 | ) | 1,831 | 4,877 | (6,397 | ) | 292 | 1,002 | 2,565 | 1,533 | |||||||||||||||||||||||
Basic earnings (loss) per common share (1) | $ | (0.02 | ) | $ | 0.06 | $ | 0.17 | $ | (0.22 | ) | $ | 0.01 | $ | 0.04 | $ | 0.1 | $ | 0.06 | |||||||||||||||
Diluted earnings (loss) per common share (1) | $ | (0.02 | ) | $ | 0.06 | $ | 0.16 | $ | (0.22 | ) | $ | 0.01 | $ | 0.04 | $ | 0.1 | $ | 0.06 | |||||||||||||||
-1 | We calculate each quarter as a discrete period; the sum of the four quarters may not equal the calculated full-year amount. | ||||||||||||||||||||||||||||||||
In the fourth quarter of 2013, we recorded impairment charges of $4.2 million related to internally developed software assets. | |||||||||||||||||||||||||||||||||
In the fourth quarter of 2012, we reduced our tax expense by $0.4 million and our interest expense by $0.8 million to reflect adjustments to our estimates for uncertain tax positions. We adjusted our estimates for several reasons, including the expiration of the statute of limitations for certain of these taxes in several states and in two foreign jurisdictions, completion of an audit by a foreign jurisdiction that resulted in a lower tax assessment than we had estimated, and the imposition of limitations on our potential liability resulting from our beginning the voluntary disclosure agreement process with one state. |
Subsequent_Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2013 | |
Subsequent Events [Abstract] | ' |
Subsequent Events | ' |
SUBSEQUENT EVENTS | |
In January 2014, we amended the lease for our principal executive offices to extend the term through December 31, 2021, reduce the lease payment for 2014, and reduce the space under lease to approximately 58,000 square feet effective January 1, 2015. | |
On January 17, 2014, we entered into an amendment of the SunTrust credit facility that increased the committed revolving credit facility from $15.0 million to $25.0 million, lowered the applicable margin to a fixed rate of 1.75%, eliminated the provision limiting availability under the revolving credit facility based on eligible accounts receivable and extended the scheduled maturity of the revolving credit facility to January 16, 2015 (subject to earlier termination as provided therein). | |
On February 21, 2014, our Board of Directors authorized a stock repurchase program under which we may repurchase up to $10.0 million of our common stock from time to time through March 31, 2015. The timing and amount of repurchases, if any, will depend upon the Company’s stock price, economic and market conditions, regulatory requirements, and other corporate considerations. The Company may initiate, suspend or discontinue purchases under the stock repurchase program at any time. |
Schedule_II_Valuation_and_Qual
Schedule II - Valuation and Qualifying Accounts | 12 Months Ended | ||||||||||||||
Dec. 31, 2013 | |||||||||||||||
Valuation and Qualifying Accounts [Abstract] | ' | ||||||||||||||
Schedule II - Valuation and Qualifying Accounts | ' | ||||||||||||||
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS | |||||||||||||||
FOR THE YEARS ENDED DECEMBER 31, 2013, 2012 AND 2011 | |||||||||||||||
(In thousands) | |||||||||||||||
Additions | Deductions | ||||||||||||||
Description | Balance at | Charge | Credit to | Balance at | |||||||||||
Beginning | (Credit) to | the respective | End of | ||||||||||||
of Year | Costs and | receivable (1) | Year | ||||||||||||
Expenses | |||||||||||||||
2013 | |||||||||||||||
Allowance for doubtful accounts receivable | $ | 1,693 | 303 | — | $ | 1,996 | |||||||||
Allowance for doubtful employee advances and miscellaneous receivables | $ | 538 | 1,176 | (1,312 | ) | $ | 402 | ||||||||
Deferred tax valuation allowance | $ | 48,489 | (36 | ) | — | $ | 48,453 | ||||||||
2012 | |||||||||||||||
Allowance for doubtful accounts receivable | $ | 811 | 882 | — | $ | 1,693 | |||||||||
Allowance for doubtful employee advances and miscellaneous receivables | $ | 272 | 584 | (318 | ) | $ | 538 | ||||||||
Deferred tax valuation allowance | $ | 51,630 | (3,141 | ) | — | $ | 48,489 | ||||||||
2011 | |||||||||||||||
Allowance for doubtful accounts receivable | $ | 591 | 221 | (1 | ) | $ | 811 | ||||||||
Allowance for doubtful employee advances and miscellaneous receivables | $ | 669 | 366 | (763 | ) | $ | 272 | ||||||||
Deferred tax valuation allowance | $ | 54,801 | (3,171 | ) | — | $ | 51,630 | ||||||||
----------------------------- | |||||||||||||||
-1 | Write-offs net of recoveries. |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies and Basis of Presentation (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Accounting Policies [Abstract] | ' |
Consolidation | ' |
Except as otherwise indicated or unless the context otherwise requires, “PRGX,” “we,” “us,” “our” and the “Company” refer to PRGX Global, Inc. and its subsidiaries. | |
Revenue Recognition, Unbilled Receivables and Refund Liabilities | ' |
Unbilled Receivables and Refund Liabilities | |
We base our revenue on specific contracts with our clients. These contracts generally specify: (a) time periods covered by the audit; (b) nature and extent of audit services we are to provide; (c) the client’s duties in assisting and cooperating with us; and (d) fees payable to us, generally expressed as a specified percentage of the amounts recovered by the client resulting from overpayment claims identified. Clients generally recover claims either by taking credits against outstanding payables or future purchases from the involved vendors, or receiving refund checks directly from those vendors. The manner in which a claim is recovered by a client often is dictated by industry practice. In addition, many clients establish specific procedural guidelines that we must satisfy prior to submitting claims for client approval, and these guidelines are unique to each client. For some services we provide, we earn our compensation in the form of a flat fee, a fee per hour, or a fee per other unit of service. | |
We generally recognize revenue for a contractually specified percentage of amounts recovered when we have determined that our clients have received economic value (generally through credits taken against existing accounts payable due to the involved vendors or refund checks received from those vendors) and when we have met the following criteria: (a) persuasive evidence of an arrangement exists; (b) services have been rendered; (c) the fee billed to the client is fixed or determinable; and (d) collectability is reasonably assured. In certain limited circumstances, we will invoice a client prior to meeting all four of these criteria; in such cases, we defer the revenue until we meet all of the criteria. Additionally, for purposes of determining appropriate timing of recognition and for internal control purposes, we rely on customary business practices and processes for documenting that we have met the criteria described in (a) through (d) above. Such customary business practices and processes may vary significantly by client. On occasion, it is possible that a transaction has met all of the revenue recognition criteria described above but we do not recognize revenue, unless we can otherwise determine that criteria (a) through (d) above have been met, because our customary business practices and processes specific to that client have not been completed. | |
Historically, there has been a certain amount of revenue with respect to which, even though we had met the requirements of our revenue recognition policy, our clients’ vendors ultimately have rejected the claims underlying the revenue. In that case, our clients may request a refund or offset of such amount even though we may have collected fees. We record any such refunds as a reduction of revenue. We provide refund liabilities for these reductions in the economic value previously received by our clients with respect to vendor claims we identified and for which we previously have recognized revenue. We compute an estimate of our refund liabilities at any given time based on actual historical refund data. | |
During the third quarter of 2011, we changed the point at which we recognize revenue for our Healthcare Claims Recovery Audit services within our New Services segment based on our gaining sufficient experience with auditing such claims. We now recognize revenue without formal client sign-off provided that we can objectively demonstrate that the acceptance criteria specified by the client are satisfied. This change resulted in a $1.4 million increase in revenue, a $0.4 million increase in net earnings and a $0.02 increase in basic and diluted earnings per common share in 2011. | |
Unbilled receivables relate to claims for which clients have received economic value but for which we contractually have agreed not to submit an invoice to the clients at such time. Unbilled receivables arise when a portion of our fee is deferred at the time of the initial invoice. At a later date (which can be up to a year after original invoice, and at other times a year after completion of the audit period), we invoice the unbilled receivable amount. Notwithstanding the deferred due date, our clients acknowledge that we have earned this unbilled receivable at the time of the original invoice, but have agreed to defer billing the client for the related services. | |
Unbilled receivables also arise in our Healthcare Claims Recovery Audit services as we generally cannot invoice the prime contractors for whom we operate as a subcontractor under the Medicare RAC program until cash is collected by the prime contractors. These unbilled receivables, net of the related reserves, were $5.6 million and $9.0 million as of December 31, 2013 and December 31, 2012, respectively. As of March 7, 2014, we billed $2.1 million of the unbilled receivables relating to the Medicare RAC program that were outstanding as of December 31, 2013. | |
New Accounting Standards | ' |
New Accounting Standards | |
No new accounting standards have been issued by the Financial Accounting Standards Board (“FASB”) and included in the Accounting Standards Codification (“ASC”) that PRGX has not yet adopted that we expect will have a significant impact on the Company's financial statements. |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies and Basis of Presentation (Tables) | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Accounting Policies [Abstract] | ' | ||||||
Schedule of Stock-Based Compensation, Valuation Assumptions | ' | ||||||
For time-vested option grants that resulted in compensation expense recognition, we used the following assumptions in our Black-Scholes valuation models: | |||||||
Years Ended December 31, | |||||||
2013 | 2012 | 2011 | |||||
Risk-free interest rates | 0.37% - 1.55% | 0.33% - 0.83% | 0.86% - 2.30% | ||||
Dividend yields | —% | —% | —% | ||||
Volatility factor of expected market price | .446 - .675 | .530 - .710 | .732 - .797 | ||||
Weighted-average expected term of option | 3.7 - 5 years | 3.8 - 5 years | 3.7 - 5 years | ||||
Forfeiture rate | —% | —% | —% |
Operating_Segments_and_Related1
Operating Segments and Related Information (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||||||
Segment information | ' | ||||||||||||||||||||
Segment information for the years ended December 31, 2013 and 2012 and 2011 (in thousands) is as follows: | |||||||||||||||||||||
Recovery | Recovery Audit | New | Corporate | Total | |||||||||||||||||
Audit | Services – | Services | Support | ||||||||||||||||||
Services – | Europe/Asia- | ||||||||||||||||||||
Americas | Pacific | ||||||||||||||||||||
2013 | |||||||||||||||||||||
Revenue | $ | 118,649 | $ | 46,436 | $ | 30,131 | $ | — | $ | 195,216 | |||||||||||
Net loss | $ | (186 | ) | ||||||||||||||||||
Income tax expense | 2,755 | ||||||||||||||||||||
Interest income, net | (77 | ) | |||||||||||||||||||
EBIT | $ | 27,094 | $ | 3,901 | $ | (5,720 | ) | $ | (22,783 | ) | 2,492 | ||||||||||
Depreciation of property and equipment | 5,617 | 514 | 2,100 | — | 8,231 | ||||||||||||||||
Amortization of intangible assets | 2,792 | 1,508 | 697 | — | 4,997 | ||||||||||||||||
EBITDA | 35,503 | 5,923 | (2,923 | ) | (22,783 | ) | 15,720 | ||||||||||||||
Impairment charges | 2,702 | — | 1,505 | — | 4,207 | ||||||||||||||||
Foreign currency transaction (gains) losses on short-term intercompany balances | 327 | (316 | ) | — | (24 | ) | (13 | ) | |||||||||||||
Acquisition-related charges | 1,315 | (900 | ) | 187 | — | 602 | |||||||||||||||
Transformation severance and related expenses | 107 | 1,135 | 168 | 1,134 | 2,544 | ||||||||||||||||
Stock-based compensation | — | — | — | 6,294 | 6,294 | ||||||||||||||||
Adjusted EBITDA | $ | 39,954 | $ | 5,842 | $ | (1,063 | ) | $ | (15,379 | ) | $ | 29,354 | |||||||||
Capital expenditures | $ | 5,292 | $ | 781 | $ | 802 | $ | — | $ | 6,875 | |||||||||||
Allocated assets | $ | 55,978 | $ | 16,706 | $ | 12,426 | $ | — | $ | 85,110 | |||||||||||
Unallocated assets: | |||||||||||||||||||||
Cash and cash equivalents | — | — | — | 43,700 | 43,700 | ||||||||||||||||
Restricted cash | — | — | — | 57 | 57 | ||||||||||||||||
Deferred loan costs | — | — | — | — | — | ||||||||||||||||
Deferred income taxes | — | — | — | 1,708 | 1,708 | ||||||||||||||||
Prepaid expenses and other assets | — | — | — | 2,254 | 2,254 | ||||||||||||||||
Total assets | $ | 55,978 | $ | 16,706 | $ | 12,426 | $ | 47,719 | $ | 132,829 | |||||||||||
Recovery | Recovery Audit | New | Corporate | Total | |||||||||||||||||
Audit | Services – | Services | Support | ||||||||||||||||||
Services – | Europe/Asia- | ||||||||||||||||||||
Americas | Pacific | ||||||||||||||||||||
2012 | |||||||||||||||||||||
Revenue | $ | 121,638 | $ | 53,783 | $ | 33,082 | $ | — | $ | 208,503 | |||||||||||
Net income | $ | 5,392 | |||||||||||||||||||
Income tax expense | 1,297 | ||||||||||||||||||||
Interest expense, net | 966 | ||||||||||||||||||||
EBIT | $ | 28,589 | $ | 5,035 | $ | (3,803 | ) | $ | (22,166 | ) | 7,655 | ||||||||||
Depreciation of property and equipment | 4,651 | 322 | 2,111 | — | 7,084 | ||||||||||||||||
Amortization of intangible assets | 4,355 | 2,062 | 807 | — | 7,224 | ||||||||||||||||
EBITDA | 37,595 | 7,419 | (885 | ) | (22,166 | ) | 21,963 | ||||||||||||||
Foreign currency transaction (gains) losses on short-term intercompany balances | (44 | ) | (331 | ) | — | (2 | ) | (377 | ) | ||||||||||||
Acquisition-related charges (benefits) | — | — | 382 | — | 382 | ||||||||||||||||
Transformation severance and related expenses | 493 | 1,156 | 394 | 64 | 2,107 | ||||||||||||||||
Wage claim costs | 577 | — | 407 | — | 984 | ||||||||||||||||
Stock-based compensation | — | — | — | 6,321 | 6,321 | ||||||||||||||||
Adjusted EBITDA | $ | 38,621 | $ | 8,244 | $ | 298 | $ | (15,783 | ) | $ | 31,380 | ||||||||||
Capital expenditures | $ | 5,699 | $ | 846 | $ | 1,386 | $ | — | $ | 7,931 | |||||||||||
Allocated assets | $ | 57,722 | $ | 17,893 | $ | 25,126 | $ | — | $ | 100,741 | |||||||||||
Unallocated assets: | |||||||||||||||||||||
Cash and cash equivalents | — | — | — | 37,806 | 37,806 | ||||||||||||||||
Restricted cash | — | — | — | 65 | 65 | ||||||||||||||||
Deferred loan costs | — | — | — | 193 | 193 | ||||||||||||||||
Deferred income taxes | — | — | — | 1,604 | 1,604 | ||||||||||||||||
Prepaid expenses and other assets | — | — | — | 3,177 | 3,177 | ||||||||||||||||
Total assets | $ | 57,722 | $ | 17,893 | $ | 25,126 | $ | 42,845 | $ | 143,586 | |||||||||||
Recovery | Recovery Audit | New | Corporate | Total | |||||||||||||||||
Audit | Services – | Services | Support | ||||||||||||||||||
Services – | Europe/Asia- | ||||||||||||||||||||
Americas | Pacific | ||||||||||||||||||||
2011 | |||||||||||||||||||||
Revenue | $ | 115,807 | $ | 61,570 | $ | 25,740 | $ | — | $ | 203,117 | |||||||||||
Net income | $ | 2,816 | |||||||||||||||||||
Income tax expense | 1,292 | ||||||||||||||||||||
Interest income, net | 1,616 | ||||||||||||||||||||
EBIT | $ | 26,280 | $ | 7,484 | $ | (6,951 | ) | $ | (21,089 | ) | 5,724 | ||||||||||
Depreciation of property and equipment | 3,491 | 417 | 1,493 | — | 5,401 | ||||||||||||||||
Amortization of intangible assets | 2,467 | 1,665 | 859 | — | 4,991 | ||||||||||||||||
EBITDA | 32,238 | 9,566 | (4,599 | ) | (21,089 | ) | 16,116 | ||||||||||||||
Foreign currency transaction (gains) losses on short-term intercompany balances | 144 | 272 | 1 | — | 417 | ||||||||||||||||
Acquisition-related charges (benefits) | — | — | 440 | 360 | 800 | ||||||||||||||||
Transformation severance and related expenses | 1,465 | 566 | — | — | 2,031 | ||||||||||||||||
Stock-based compensation | — | — | — | 5,093 | 5,093 | ||||||||||||||||
Adjusted EBITDA | $ | 33,847 | $ | 10,404 | $ | (4,158 | ) | $ | (15,636 | ) | $ | 24,457 | |||||||||
Capital expenditures | $ | 5,459 | $ | 1,041 | $ | 1,787 | $ | — | $ | 8,287 | |||||||||||
The following table presents revenue by country based on the location of clients served (in thousands): | |||||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
United States | $ | 115,819 | $ | 124,302 | $ | 107,072 | |||||||||||||||
United Kingdom | 24,639 | 30,437 | 36,123 | ||||||||||||||||||
Canada | 19,584 | 17,007 | 20,200 | ||||||||||||||||||
France | 10,225 | 11,330 | 13,425 | ||||||||||||||||||
Brazil | 5,090 | 5,919 | 5,718 | ||||||||||||||||||
Mexico | 4,482 | 4,877 | 4,836 | ||||||||||||||||||
Australia | 4,461 | 2,467 | 1,299 | ||||||||||||||||||
New Zealand | 976 | 984 | 1,111 | ||||||||||||||||||
Thailand | 971 | 896 | 470 | ||||||||||||||||||
Czech Republic | 909 | 1,110 | 706 | ||||||||||||||||||
Hong Kong | 851 | 743 | 586 | ||||||||||||||||||
Spain | 844 | 1,252 | 1,901 | ||||||||||||||||||
Other | 6,365 | 7,179 | 9,670 | ||||||||||||||||||
$ | 195,216 | $ | 208,503 | $ | 203,117 | ||||||||||||||||
The following table presents long-lived assets by country based on the location of the asset (in thousands): | |||||||||||||||||||||
December 31, | |||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||
United States | $ | 33,686 | $ | 42,629 | |||||||||||||||||
United Kingdom | 6,690 | 8,328 | |||||||||||||||||||
All Other | 1,378 | 1,483 | |||||||||||||||||||
$ | 41,754 | $ | 52,440 | ||||||||||||||||||
Earnings_Loss_Per_Common_Share1
Earnings (Loss) Per Common Share (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Computations of basic and diluted earnings per common share | ' | ||||||||||||
The following tables set forth the computations of basic and diluted earnings (loss) per common share (in thousands, except per share data): | |||||||||||||
Years Ended December 31, | |||||||||||||
Basic earnings (loss) per common share: | 2013 | 2012 | 2011 | ||||||||||
Numerator: | |||||||||||||
Net income (loss) | $ | (186 | ) | $ | 5,392 | $ | 2,816 | ||||||
Denominator: | |||||||||||||
Weighted-average common shares outstanding | 29,169 | 25,566 | 24,634 | ||||||||||
Basic earnings (loss) per common share | $ | (0.01 | ) | $ | 0.21 | $ | 0.11 | ||||||
Years Ended December 31, | |||||||||||||
Diluted earnings (loss) per common share: | 2013 | 2012 | 2011 | ||||||||||
Numerator: | |||||||||||||
Net income (loss) | $ | (186 | ) | $ | 5,392 | $ | 2,816 | ||||||
Denominator: | |||||||||||||
Weighted-average common shares outstanding | 29,169 | 25,566 | 24,634 | ||||||||||
Incremental shares from stock-based compensation plans | — | 571 | 395 | ||||||||||
Denominator for diluted earnings per common share | 29,169 | 26,137 | 25,029 | ||||||||||
Diluted earnings (loss) per common share | $ | (0.01 | ) | $ | 0.21 | $ | 0.11 | ||||||
Goodwill_and_Intangible_Assets1
Goodwill and Intangible Assets (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ||||||||||||||||||||
Goodwill by reportable segments | ' | ||||||||||||||||||||
Goodwill by reportable segments during 2013 and 2012 was as follows (in thousands): | |||||||||||||||||||||
Recovery | Recovery Audit | New | Total | ||||||||||||||||||
Audit | Services – | Services | |||||||||||||||||||
Services – | Europe/Asia- | ||||||||||||||||||||
Americas | Pacific | ||||||||||||||||||||
Balance, January 1, 2012 | $ | 12,177 | $ | 173 | $ | 596 | $ | 12,946 | |||||||||||||
Goodwill recorded in connection with business combinations | — | 696 | — | 696 | |||||||||||||||||
Foreign currency translation | — | 27 | — | 27 | |||||||||||||||||
Balance, December 31, 2012 | 12,177 | 896 | 596 | 13,669 | |||||||||||||||||
Foreign currency translation | — | 17 | — | 17 | |||||||||||||||||
Balance, December 31, 2013 | 12,177 | 913 | 596 | 13,686 | |||||||||||||||||
Change in noncurrent intangible assets | ' | ||||||||||||||||||||
Changes in noncurrent intangible assets during 2013 and 2012 were as follows (in thousands): | |||||||||||||||||||||
Customer | Trademarks | Non- | Trade | Total | |||||||||||||||||
Relationships | compete | Names | |||||||||||||||||||
Agreements | |||||||||||||||||||||
Gross carrying amount: | |||||||||||||||||||||
Balance, January 1, 2012 | $ | 39,306 | $ | 1,058 | $ | 2,293 | $ | 2,865 | $ | 45,522 | |||||||||||
Acquisition of CRC | — | — | 128 | — | 128 | ||||||||||||||||
Acquisition of QFS | — | — | 43 | — | 43 | ||||||||||||||||
FX adjustments and other | 359 | 23 | 44 | — | 426 | ||||||||||||||||
Balance, December 31, 2012 | 39,665 | 1,081 | 2,508 | 2,865 | 46,119 | ||||||||||||||||
FX adjustments and other | 150 | 9 | 21 | — | 180 | ||||||||||||||||
Balance, December 31, 2013 | $ | 39,815 | $ | 1,090 | $ | 2,529 | $ | 2,865 | $ | 46,299 | |||||||||||
Accumulated amortization: | |||||||||||||||||||||
Balance, January 1, 2012 | $ | (19,793 | ) | $ | (224 | ) | $ | (785 | ) | $ | (1,314 | ) | $ | (22,116 | ) | ||||||
Amortization expense | (3,692 | ) | (238 | ) | (751 | ) | (713 | ) | (5,394 | ) | |||||||||||
FX adjustments and other | (170 | ) | (11 | ) | (29 | ) | — | (210 | ) | ||||||||||||
Balance, December 31, 2012 | (23,655 | ) | (473 | ) | (1,565 | ) | (2,027 | ) | (27,720 | ) | |||||||||||
Amortization expense | (3,355 | ) | (215 | ) | (552 | ) | (680 | ) | (4,802 | ) | |||||||||||
FX adjustments and other | (158 | ) | (12 | ) | (25 | ) | — | (195 | ) | ||||||||||||
Balance, December 31, 2013 | $ | (27,168 | ) | $ | (700 | ) | $ | (2,142 | ) | $ | (2,707 | ) | $ | (32,717 | ) | ||||||
Net carrying amount: | |||||||||||||||||||||
Balance, December 31, 2012 | $ | 16,010 | $ | 608 | $ | 943 | $ | 838 | $ | 18,399 | |||||||||||
Balance, December 31, 2013 | $ | 12,647 | $ | 390 | $ | 387 | $ | 158 | $ | 13,582 | |||||||||||
Estimated useful life (years) | 6-20 years | 6 years | 1-5 years | 4-5 years | |||||||||||||||||
Debt_Tables
Debt (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Debt Disclosure [Abstract] | ' | ||||||||
Components of long-term debt | ' | ||||||||
Debt consisted of the following (in thousands): | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
SunTrust term loan due quarterly through January 2014 | $ | — | $ | 6,000 | |||||
Less current portion | — | 3,000 | |||||||
Noncurrent portion | $ | — | $ | 3,000 | |||||
Lease_Commitments_Tables
Lease Commitments (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||||||||||
Future minimum lease payments under noncancelable operating leases | ' | ||||||||||||
Future minimum lease payments under noncancelable operating leases (both gross and net of any sublease income), including the amended lease for our principal executive offices, are as follows (in thousands): | |||||||||||||
Year Ending December 31, | Gross | Sublease Income | Net | ||||||||||
2014 | $ | 7,038 | $ | (872 | ) | $ | 6,166 | ||||||
2015 | 3,420 | — | 3,420 | ||||||||||
2016 | 2,768 | — | 2,768 | ||||||||||
2017 | 2,126 | — | 2,126 | ||||||||||
2018 | 1,552 | — | 1,552 | ||||||||||
Thereafter | 4,854 | — | 4,854 | ||||||||||
Total payments | $ | 21,758 | $ | (872 | ) | $ | 20,886 | ||||||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||
Earnings (Loss) before Income Taxes, Related to Jurisdictions | ' | ||||||||||||
Income (loss) before income taxes relate to the following jurisdictions (in thousands): | |||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
United States | $ | (5,457 | ) | $ | 3,158 | $ | (3,182 | ) | |||||
Foreign | 8,026 | 3,531 | 7,290 | ||||||||||
$ | 2,569 | $ | 6,689 | $ | 4,108 | ||||||||
Provision for Income Taxes | ' | ||||||||||||
The provision for income taxes consists of the following (in thousands): | |||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Current: | |||||||||||||
Federal | $ | — | $ | 78 | $ | — | |||||||
State | (452 | ) | (30 | ) | 79 | ||||||||
Foreign | 3,230 | 2,048 | 3,364 | ||||||||||
2,778 | 2,096 | 3,443 | |||||||||||
Deferred: | |||||||||||||
Federal | — | — | (1,603 | ) | |||||||||
State | — | — | (133 | ) | |||||||||
Foreign | (23 | ) | (799 | ) | (415 | ) | |||||||
(23 | ) | (799 | ) | (2,151 | ) | ||||||||
Total | $ | 2,755 | $ | 1,297 | $ | 1,292 | |||||||
Significant Differences Between the U.S. Federal Statutory Tax Rate and Company's Effective Income Tax Expense for Earnings | ' | ||||||||||||
The significant differences between the U.S. federal statutory tax rate of 34% and the Company’s effective income tax expense for earnings (in thousands) are as follows: | |||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Statutory federal income tax rate | $ | 873 | $ | 2,274 | $ | 1,397 | |||||||
State income taxes, net of federal effect | (657 | ) | 24 | (130 | ) | ||||||||
Change in deferred tax asset valuation allowance | (142 | ) | (1,883 | ) | (1,910 | ) | |||||||
Foreign taxes in excess of U.S. statutory rate | 1,784 | 486 | 1,481 | ||||||||||
Compensation deduction limitation | 820 | 265 | 360 | ||||||||||
Other, net | 77 | 131 | 94 | ||||||||||
$ | 2,755 | $ | 1,297 | $ | 1,292 | ||||||||
Tax Effects of Temporary Differences and Carry-Forwards that Give Rise to Deferred Tax Assets and Liabilities | ' | ||||||||||||
The tax effects of temporary differences and carry-forwards that give rise to deferred tax assets and liabilities consist of the following (in thousands): | |||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
Deferred income tax assets: | |||||||||||||
Accounts payable and accrued expenses | $ | 1,864 | $ | 2,088 | |||||||||
Accrued payroll and related expenses | 1,933 | 3,902 | |||||||||||
Stock-based compensation expense | 9,811 | 9,221 | |||||||||||
Depreciation of property and equipment | 5,836 | 3,746 | |||||||||||
Non-compete agreements | 8 | 27 | |||||||||||
Operating loss carry-forwards of foreign subsidiary | 1,690 | 1,501 | |||||||||||
Federal operating loss carry-forwards | 31,003 | 27,494 | |||||||||||
Intangible assets | 865 | 6,195 | |||||||||||
State operating loss carry-forwards | 2,925 | 2,648 | |||||||||||
Other | 2,165 | 3,243 | |||||||||||
Gross deferred tax assets | 58,100 | 60,065 | |||||||||||
Less valuation allowance | 48,453 | 48,489 | |||||||||||
Gross deferred tax assets net of valuation allowance | 9,647 | 11,576 | |||||||||||
Deferred income tax liabilities: | |||||||||||||
Intangible assets | 3,970 | 5,790 | |||||||||||
Unbilled receivables and refund liabilities | 1,765 | 2,538 | |||||||||||
Capitalized software | 984 | 969 | |||||||||||
Other | 1,220 | 675 | |||||||||||
Gross deferred tax liabilities | 7,939 | 9,972 | |||||||||||
Net deferred tax assets | $ | 1,708 | $ | 1,604 | |||||||||
Schedule of Unrecognized Tax Benefits | ' | ||||||||||||
A reconciliation of our beginning and ending amount of unrecognized tax benefits and related accrued interest thereon is as follows: | |||||||||||||
Unrecognized Tax Benefits | Accrued Interest and Penalties | ||||||||||||
Balance at January 1, 2011 | $ | 2,055 | $ | 1,765 | |||||||||
Additions based on tax positions related to the current year | — | — | |||||||||||
Additions based on tax positions related to the prior years | 594 | 453 | |||||||||||
Balance at December 31, 2011 | $ | 2,649 | $ | 2,218 | |||||||||
Additions based on tax positions related to the current year | — | — | |||||||||||
Additions based on tax positions related to the prior years | 333 | 456 | |||||||||||
Decreases based on tax positions related to the prior years | (785 | ) | (1,214 | ) | |||||||||
Balance at December 31, 2012 | $ | 2,197 | $ | 1,460 | |||||||||
Additions based on tax positions related to the current year | — | — | |||||||||||
Additions based on tax positions related to the prior years | — | 119 | |||||||||||
Decreases based on payments made during the year | (932 | ) | (385 | ) | |||||||||
Decreases based on tax positions related to the prior years | (541 | ) | (934 | ) | |||||||||
Balance at December 31, 2013 | $ | 724 | $ | 260 | |||||||||
StockBased_Compensation_Tables
Stock-Based Compensation (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||||||||
Summary of stock option grants | ' | |||||||||||||
The following table summarizes stock option grants during the years ended December 31, 2013, 2012, and 2011: | ||||||||||||||
Grantee | # of | Vesting Period | Weighted | Weighted | ||||||||||
Type | Options | Average | Average Grant | |||||||||||
Granted | Exercise Price | Date Fair Value | ||||||||||||
2013 | ||||||||||||||
Director group | 75,490 | 1 year or less | $ | 5.67 | $ | 2 | ||||||||
Director group | 17,092 | 3 years | $ | 6.83 | $ | 3.76 | ||||||||
Employee group | 549,875 | 3 years | $ | 5.75 | $ | 2.48 | ||||||||
Employee inducement (1) | 20,000 | 3 years | $ | 7.14 | $ | 3.81 | ||||||||
2012 | ||||||||||||||
Director group | 56,261 | 1 year or less | $ | 7.55 | $ | 3.89 | ||||||||
Director | 8,546 | 3 years | $ | 7.72 | $ | 4.25 | ||||||||
Employee group | 597,250 | 3 years | $ | 7.54 | $ | 4.12 | ||||||||
Employee inducement (2) | 45,000 | 3 years | $ | 8.54 | $ | 4.58 | ||||||||
2011 | ||||||||||||||
Director group | 65,801 | 1 year or less | $ | 7.23 | $ | 4.06 | ||||||||
Director group | 16,237 | 3 years | $ | 6.32 | $ | 3.98 | ||||||||
Employee group | 140,000 | 2 years | $ | 6.09 | $ | 3.72 | ||||||||
Employee group | 475,064 | 3 years | $ | 7.38 | $ | 4.33 | ||||||||
Employee inducement (3) | 200,000 | 3-4 years | $ | 5.37 | $ | 3.13 | ||||||||
-1 | The Company granted non-qualified performance-based stock options outside its existing stock-based compensation plans in the first quarter of 2013 to one employee in connection with the employee joining the Company. | |||||||||||||
-2 | The Company granted non-qualified stock options outside its existing stock-based compensation plans in the third quarter of 2012 to one employee in connection with the employee joining the Company. | |||||||||||||
-3 | The Company granted non-qualified stock options outside its existing stock-based compensation plans in the fourth quarter of 2011 to three employees in connection with their joining the company, which included 100,000 performance-based options. These options were forfeited in 2012. | |||||||||||||
Summary of nonvested stock awards granted | ' | |||||||||||||
The following table summarizes nonvested stock awards granted during the years ended December 31, 2013, 2012 and 2011: | ||||||||||||||
Grantee | # of Shares | Vesting Period | Weighted | |||||||||||
Type | Granted | Average Grant | ||||||||||||
Date Fair Value | ||||||||||||||
2013 | ||||||||||||||
Director group | 75,490 | 1 year or less | $ | 5.67 | ||||||||||
Director group | 17,092 | 3 years | $ | 6.83 | ||||||||||
Employee group | 599,875 | 3 years | $ | 5.82 | ||||||||||
Employee inducement (1) | 20,000 | 3 years | $ | 7.14 | ||||||||||
2012 | ||||||||||||||
Director group | 56,261 | 1 year or less | $ | 7.55 | ||||||||||
Director | 8,546 | 3 years | $ | 7.72 | ||||||||||
Employee group | 426,286 | 3 years | $ | 7.55 | ||||||||||
Employee inducement (2) | 45,000 | 3 years | $ | 8.54 | ||||||||||
2011 | ||||||||||||||
Director group | 65,801 | 1 year or less | $ | 7.23 | ||||||||||
Director group | 17,237 | 3 years | $ | 6.34 | ||||||||||
Employee group | 60,000 | 2 years | $ | 6.09 | ||||||||||
Employee group | 455,064 | 3 years | $ | 7.41 | ||||||||||
Employee inducement (3) | 120,000 | 3-4 years | $ | 5.66 | ||||||||||
-1 | The Company granted nonvested performance-based stock awards (restricted stock) outside its existing stock-based compensation plans in the first quarter of 2013 to one employee in connection with the employee joining the Company. | |||||||||||||
-2 | The Company granted nonvested stock awards (restricted stock units) outside its existing stock-based compensation plans in the third quarter of 2012 to one employee in connection with the employee joining the Company. | |||||||||||||
-3 | The Company granted performance-based nonvested stock awards (restricted stock) outside its existing stock-based compensation plans in the fourth quarter of 2011 to two employees in connection with their joining the company. These restricted stock awards were forfeited in 2012. | |||||||||||||
A summary of nonvested stock awards (restricted stock and restricted stock units) activity as of December 31, 2013, and changes during the year then ended is presented below: | ||||||||||||||
Nonvested Stock | Shares | Weighted | ||||||||||||
Average Grant | ||||||||||||||
Date Fair Value | ||||||||||||||
(Per Share) | ||||||||||||||
Nonvested at January 1, 2013 | 1,068,008 | $ | 6.54 | |||||||||||
Granted | 712,457 | 5.86 | ||||||||||||
Vested | (770,571 | ) | 5.96 | |||||||||||
Forfeited | (113,485 | ) | 6.78 | |||||||||||
Nonvested at December 31, 2013 | 896,409 | $ | 6.47 | |||||||||||
Summary of stock option activity | ' | |||||||||||||
A summary of option activity as of December 31, 2013, and changes during the year then ended is presented below: | ||||||||||||||
Options | Shares | Weighted- | Weighted- | Aggregate | ||||||||||
Average | Average | Intrinsic | ||||||||||||
Exercise | Remaining | Value | ||||||||||||
Price | Contractual | ($ 000’s) | ||||||||||||
(Per Share) | Term | |||||||||||||
Outstanding at January 1, 2013 | 2,984,160 | $ | 6.7 | |||||||||||
Granted | 662,457 | 5.81 | ||||||||||||
Exercised | (202,159 | ) | 4.53 | $ | 354 | |||||||||
Forfeited | (322,038 | ) | 8.34 | |||||||||||
Expired | (87,000 | ) | 6.29 | |||||||||||
Outstanding at December 31, 2013 | 3,035,420 | $ | 6.49 | 4.12 years | $ | 3,558 | ||||||||
Exercisable at December 31, 2013 | 2,140,468 | $ | 6.49 | 3.31 years | $ | 3,061 | ||||||||
Business_Acquisitions_Tables
Business Acquisitions (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Business Acquisition [Line Items] | ' | ||||||||
Unaudited Pro Forma Condensed Financial Information | ' | ||||||||
Unaudited pro forma condensed financial information is as follows (in thousands): | |||||||||
Years Ended December 31, | |||||||||
2012 | 2011 | ||||||||
Revenue | $ | 208,503 | $ | 210,073 | |||||
Net income (loss) | $ | 5,913 | $ | 4,341 | |||||
Associate Migrations [Member] | ' | ||||||||
Business Acquisition [Line Items] | ' | ||||||||
Summary of the allocation of the aggregate fair values of the assets acquired and purchase price for the associate migrations | ' | ||||||||
The allocation of the aggregate fair values of the assets acquired and purchase price for these associate migrations in 2012 is summarized as follows (in thousands): | |||||||||
Fair values of net assets acquired: | |||||||||
Equipment | $ | 10 | |||||||
Intangible assets, primarily non-compete agreements | 171 | ||||||||
Working capital, including work in progress | 666 | ||||||||
Goodwill | 695 | ||||||||
Fair value of net assets acquired | $ | 1,542 | |||||||
Fair value of purchase price | $ | 1,542 | |||||||
Business Strategy, Inc. [Member] | ' | ||||||||
Business Acquisition [Line Items] | ' | ||||||||
Summary of the allocation of the aggregate fair values of the assets acquired and purchase price for the associate migrations | ' | ||||||||
The final allocation of the fair values of the assets acquired and purchase price is summarized as follows (in thousands): | |||||||||
Fair values of net assets acquired: | Final Allocation | ||||||||
Equipment | $ | 70 | |||||||
Intangible assets, primarily customer relationships | 4,041 | ||||||||
Working capital, including work in progress | 1,967 | ||||||||
Deferred tax liabilities | (1,736 | ) | |||||||
Goodwill | 7,577 | ||||||||
Fair value of net assets acquired | $ | 11,919 | |||||||
Fair value of purchase price | $ | 11,919 | |||||||
Quarterly_Results_Unaudited_Ta
Quarterly Results (Unaudited) (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||||||||||||||||||
Quarterly financial data | ' | ||||||||||||||||||||||||||||||||
The operating results for any quarter are not necessarily indicative of the results to be expected for any future period. | |||||||||||||||||||||||||||||||||
2013 Quarter Ended | 2012 Quarter Ended | ||||||||||||||||||||||||||||||||
Mar. 31 | 30-Jun | Sept. 30 | Dec. 31 | Mar. 31 | 30-Jun | Sept. 30 | Dec. 31 | ||||||||||||||||||||||||||
(In thousands, except per share data) | |||||||||||||||||||||||||||||||||
Revenue | $ | 45,101 | $ | 50,205 | $ | 53,403 | $ | 46,507 | $ | 51,649 | $ | 51,658 | $ | 52,087 | $ | 53,109 | |||||||||||||||||
Operating expenses: | |||||||||||||||||||||||||||||||||
Cost of revenue | 30,407 | 31,521 | 30,876 | 29,741 | 34,218 | 33,312 | 32,461 | 34,399 | |||||||||||||||||||||||||
Selling, general and administrative expenses | 11,711 | 12,630 | 13,944 | 14,472 | 12,637 | 12,696 | 13,242 | 13,952 | |||||||||||||||||||||||||
Depreciation of property and equipment | 2,008 | 2,027 | 2,034 | 2,162 | 1,513 | 1,579 | 1,716 | 2,276 | |||||||||||||||||||||||||
Amortization of intangible assets | 1,276 | 1,332 | 1,204 | 1,185 | 2,327 | 1,459 | 1,431 | 2,007 | |||||||||||||||||||||||||
Impairment charges | — | — | — | 4,207 | — | — | — | — | |||||||||||||||||||||||||
Total operating expenses | 45,402 | 47,510 | 48,058 | 51,767 | 50,695 | 49,046 | 48,850 | 52,634 | |||||||||||||||||||||||||
Operating income (loss) | (301 | ) | 2,695 | 5,345 | (5,260 | ) | 954 | 2,612 | 3,237 | 475 | |||||||||||||||||||||||
Foreign currency transaction (gains) losses on short-term intercompany balances | 357 | 225 | (636 | ) | 41 | (339 | ) | 497 | (348 | ) | (187 | ) | |||||||||||||||||||||
Interest expense (income), net | (217 | ) | 53 | 75 | 12 | 504 | 529 | 515 | (582 | ) | |||||||||||||||||||||||
Income (loss) before income taxes | (441 | ) | 2,417 | 5,906 | (5,313 | ) | 789 | 1,586 | 3,070 | 1,244 | |||||||||||||||||||||||
Income tax expense (benefit) | 56 | 586 | 1,029 | 1,084 | 497 | 584 | 505 | (289 | ) | ||||||||||||||||||||||||
Net income (loss) | (497 | ) | 1,831 | 4,877 | (6,397 | ) | 292 | 1,002 | 2,565 | 1,533 | |||||||||||||||||||||||
Basic earnings (loss) per common share (1) | $ | (0.02 | ) | $ | 0.06 | $ | 0.17 | $ | (0.22 | ) | $ | 0.01 | $ | 0.04 | $ | 0.1 | $ | 0.06 | |||||||||||||||
Diluted earnings (loss) per common share (1) | $ | (0.02 | ) | $ | 0.06 | $ | 0.16 | $ | (0.22 | ) | $ | 0.01 | $ | 0.04 | $ | 0.1 | $ | 0.06 | |||||||||||||||
-1 | We calculate each quarter as a discrete period; the sum of the four quarters may not equal the calculated full-year amount. |
Summary_of_Significant_Account3
Summary of Significant Accounting Policies and Basis of Presentation Description of Business (Details) (USD $) | 12 Months Ended | |||
Dec. 31, 2013 | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2010 | |
Segment | ||||
country | ||||
Cash and Cash Equivalents [Line Items] | ' | ' | ' | ' |
Change in accounting principle, effect on net earnings | ' | $400,000 | ' | ' |
Change in accounting principle, effect on basic and diluted earnings per common share | ' | $0.02 | ' | ' |
Cash and cash equivalents | 43,700,000 | 20,337,000 | 37,806,000 | 18,448,000 |
Number of countries in which services are provided to clients | 40 | ' | ' | ' |
Change in accounting principle, effect on revenue | ' | 1,400,000 | ' | ' |
Short-term investments | 24,600,000 | ' | 25,100,000 | ' |
Number of operating segments | 3 | ' | ' | ' |
Foreign banks [Member] | ' | ' | ' | ' |
Cash and Cash Equivalents [Line Items] | ' | ' | ' | ' |
Short-term investments | 4,400,000 | ' | 1,600,000 | ' |
United States [Member] | ' | ' | ' | ' |
Cash and Cash Equivalents [Line Items] | ' | ' | ' | ' |
Cash and cash equivalents | 22,400,000 | ' | ' | ' |
Canada [Member] | ' | ' | ' | ' |
Cash and Cash Equivalents [Line Items] | ' | ' | ' | ' |
Cash and cash equivalents | 9,100,000 | ' | ' | ' |
Other Foreign Jurisdictions [Member] | ' | ' | ' | ' |
Cash and Cash Equivalents [Line Items] | ' | ' | ' | ' |
Cash and cash equivalents | $12,200,000 | ' | ' | ' |
Summary_of_Significant_Account4
Summary of Significant Accounting Policies and Basis of Presentation Unbilled Receivables (Details Textual) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Mar. 07, 2014 |
Medicare RAC [Member] | Medicare RAC [Member] | Medicare RAC [Member] | |||
Subsequent event [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable, Net, Current | ' | ' | $5,600,000 | $9,000,000 | ' |
Additional Billed Receivables Current | $28,175,000 | $32,626,000 | ' | ' | $2,100,000 |
Summary_of_Significant_Account5
Summary of Significant Accounting Policies and Basis of Presentation Fair Value of Financial Instruments (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Bank debt [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Financial and nonfinancial liabilities, fair value | ' | $6 |
Business acquisition obligations [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Financial and nonfinancial liabilities, fair value | $3.20 | $6.70 |
Summary_of_Significant_Account6
Summary of Significant Accounting Policies and Basis of Presentation Property and Equipment (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Depreciation expense | $8.20 | $7.10 | $5.40 |
Computer laptops [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property and equipment, estimated useful life | '3 years | ' | ' |
Computer desktops [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property and equipment, estimated useful life | '4 years | ' | ' |
IT server, storage and network equipment [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property and equipment, estimated useful life | '5 years | ' | ' |
Furniture and fixtures [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property and equipment, estimated useful life | '5 years | ' | ' |
Purchased software [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property and equipment, estimated useful life | '3 years | ' | ' |
Leasehold improvements [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property and equipment, estimated useful life | '10 years | ' | ' |
Summary_of_Significant_Account7
Summary of Significant Accounting Policies and Basis of Presentation Intangible Assets (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' |
Research and development costs | ' | $6,000,000 | $4,000,000 | $3,400,000 |
Software developed for internal use [Member] | Minimum [Member] | ' | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' |
Software development costs, estimated useful life | ' | '3 years | ' | ' |
Software developed for internal use [Member] | Maximum [Member] | ' | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' |
Software development costs, estimated useful life | ' | '7 years | ' | ' |
Software development, intended for sale [Member] | ' | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' |
Software development costs, estimated useful life | ' | '3 years | ' | ' |
Software development, intended for sale and internal use [Member] | ' | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' |
Impairment charges | 4,200,000 | 4,200,000 | 0 | 0 |
Software development, intended for sale and internal use [Member] | Recovery Audit Services - Americas [Member] | ' | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' |
Impairment charges | ' | 2,700,000 | ' | ' |
Software development, intended for sale and internal use [Member] | New Services [Member] | ' | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' |
Impairment charges | ' | $1,500,000 | ' | ' |
Summary_of_Significant_Account8
Summary of Significant Accounting Policies and Basis of Presentation Deferred Costs (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Accounting Policies [Abstract] | ' | ' |
Deferred costs | $0.80 | $0.90 |
Summary_of_Significant_Account9
Summary of Significant Accounting Policies and Basis of Presentation Stock-Based Compensation (Details) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Risk-free interest rates, minimum | 0.37% | 0.33% | 0.86% |
Risk-free interest rate, maximum | 1.55% | 0.83% | 2.30% |
Dividend yields | 0.00% | 0.00% | 0.00% |
Volatility factor of expected market price, minimum | 44.60% | 53.00% | 73.20% |
Volatility factor of expected market price, maximum | 67.50% | 71.00% | 79.70% |
Forfeiture rate | 0.00% | 0.00% | 0.00% |
Minimum [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Weighted-average expected term of option | '3 years 8 months 12 days | '3 years 9 months 18 days | '3 years 8 months 12 days |
Maximum [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Weighted-average expected term of option | '5 years | '5 years | '5 years |
Operating_Segments_and_Related2
Operating Segments and Related Information (Textual) (Details) | 12 Months Ended |
Dec. 31, 2013 | |
Segment | |
Segment Reporting [Abstract] | ' |
Number of reportable segments | 3 |
Operating_Segments_and_Related3
Operating Segments and Related Information (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Segment information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | $46,507 | $53,403 | $50,205 | $45,101 | $53,109 | $52,087 | $51,658 | $51,649 | $195,216 | $208,503 | $203,117 | ' |
Net income (loss) | -6,397 | 4,877 | 1,831 | -497 | 1,533 | 2,565 | 1,002 | 292 | -186 | 5,392 | 2,816 | ' |
Income tax expense | 1,084 | 1,029 | 586 | 56 | -289 | 505 | 584 | 497 | 2,755 | 1,297 | 1,292 | ' |
Interest income | 12 | 75 | 53 | -217 | -582 | 515 | 529 | 504 | -77 | 966 | 1,616 | ' |
EBIT | ' | ' | ' | ' | ' | ' | ' | ' | 2,492 | 7,655 | 5,724 | ' |
Depreciation of property and equipment | 2,162 | 2,034 | 2,027 | 2,008 | 2,276 | 1,716 | 1,579 | 1,513 | 8,231 | 7,084 | 5,401 | ' |
Amortization of intangible assets | 1,185 | 1,204 | 1,332 | 1,276 | 2,007 | 1,431 | 1,459 | 2,327 | 4,997 | 7,224 | 4,991 | ' |
EBITDA | ' | ' | ' | ' | ' | ' | ' | ' | 15,720 | 21,963 | 16,116 | ' |
Impairment charges | 4,207 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,207 | 0 | 0 | ' |
Foreign currency transaction (gains) losses on short-term intercompany balances | 41 | -636 | 225 | 357 | -187 | -348 | 497 | -339 | -13 | -377 | 417 | ' |
Acquisition-related charges (benefits) | ' | ' | ' | ' | ' | ' | ' | ' | 602 | 382 | 800 | ' |
Transformation severance and related expenses | ' | ' | ' | ' | ' | ' | ' | ' | 2,544 | 2,107 | 2,031 | ' |
Wage claim costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | 984 | ' | ' |
Stock-based compensation | ' | ' | ' | ' | ' | ' | ' | ' | 6,294 | 6,321 | 5,093 | ' |
Adjusted EBITDA | ' | ' | ' | ' | ' | ' | ' | ' | 29,354 | 31,380 | 24,457 | ' |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 6,875 | 7,931 | 8,287 | ' |
Allocated assets | 85,110 | ' | ' | ' | 100,741 | ' | ' | ' | 85,110 | 100,741 | ' | ' |
Cash and cash equivalents | 43,700 | ' | ' | ' | 37,806 | ' | ' | ' | 43,700 | 37,806 | 20,337 | 18,448 |
Restricted cash | 57 | ' | ' | ' | 65 | ' | ' | ' | 57 | 65 | ' | ' |
Deferred loan costs | 0 | ' | ' | ' | 193 | ' | ' | ' | 0 | 193 | ' | ' |
Deferred income taxes | 1,708 | ' | ' | ' | 1,604 | ' | ' | ' | 1,708 | 1,604 | ' | ' |
Prepaid expenses and other assets | 2,254 | ' | ' | ' | 3,177 | ' | ' | ' | 2,254 | 3,177 | ' | ' |
Total assets | 132,829 | ' | ' | ' | 143,586 | ' | ' | ' | 132,829 | 143,586 | ' | ' |
Recovery Audit Services - Americas [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 118,649 | 121,638 | 115,807 | ' |
EBIT | ' | ' | ' | ' | ' | ' | ' | ' | 27,094 | 28,589 | 26,280 | ' |
Depreciation of property and equipment | ' | ' | ' | ' | ' | ' | ' | ' | 5,617 | 4,651 | 3,491 | ' |
Amortization of intangible assets | ' | ' | ' | ' | ' | ' | ' | ' | 2,792 | 4,355 | 2,467 | ' |
EBITDA | ' | ' | ' | ' | ' | ' | ' | ' | 35,503 | 37,595 | 32,238 | ' |
Impairment charges | ' | ' | ' | ' | ' | ' | ' | ' | 2,702 | ' | ' | ' |
Foreign currency transaction (gains) losses on short-term intercompany balances | ' | ' | ' | ' | ' | ' | ' | ' | 327 | -44 | 144 | ' |
Acquisition-related charges (benefits) | ' | ' | ' | ' | ' | ' | ' | ' | 1,315 | ' | 0 | ' |
Transformation severance and related expenses | ' | ' | ' | ' | ' | ' | ' | ' | 107 | 493 | 1,465 | ' |
Wage claim costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | 577 | ' | ' |
Adjusted EBITDA | ' | ' | ' | ' | ' | ' | ' | ' | 39,954 | 38,621 | 33,847 | ' |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 5,292 | 5,699 | 5,459 | ' |
Allocated assets | 55,978 | ' | ' | ' | 57,722 | ' | ' | ' | 55,978 | 57,722 | ' | ' |
Total assets | 55,978 | ' | ' | ' | 57,722 | ' | ' | ' | 55,978 | 57,722 | ' | ' |
Recovery Audit Services - Europe/Asia-Pacific [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 46,436 | 53,783 | 61,570 | ' |
EBIT | ' | ' | ' | ' | ' | ' | ' | ' | 3,901 | 5,035 | 7,484 | ' |
Depreciation of property and equipment | ' | ' | ' | ' | ' | ' | ' | ' | 514 | 322 | 417 | ' |
Amortization of intangible assets | ' | ' | ' | ' | ' | ' | ' | ' | 1,508 | 2,062 | 1,665 | ' |
EBITDA | ' | ' | ' | ' | ' | ' | ' | ' | 5,923 | 7,419 | 9,566 | ' |
Foreign currency transaction (gains) losses on short-term intercompany balances | ' | ' | ' | ' | ' | ' | ' | ' | -316 | -331 | 272 | ' |
Acquisition-related charges (benefits) | ' | ' | ' | ' | ' | ' | ' | ' | -900 | ' | 0 | ' |
Transformation severance and related expenses | ' | ' | ' | ' | ' | ' | ' | ' | 1,135 | 1,156 | 566 | ' |
Adjusted EBITDA | ' | ' | ' | ' | ' | ' | ' | ' | 5,842 | 8,244 | 10,404 | ' |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 781 | 846 | 1,041 | ' |
Allocated assets | 16,706 | ' | ' | ' | 17,893 | ' | ' | ' | 16,706 | 17,893 | ' | ' |
Total assets | 16,706 | ' | ' | ' | 17,893 | ' | ' | ' | 16,706 | 17,893 | ' | ' |
New Services [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 30,131 | 33,082 | 25,740 | ' |
EBIT | ' | ' | ' | ' | ' | ' | ' | ' | -5,720 | -3,803 | -6,951 | ' |
Depreciation of property and equipment | ' | ' | ' | ' | ' | ' | ' | ' | 2,100 | 2,111 | 1,493 | ' |
Amortization of intangible assets | ' | ' | ' | ' | ' | ' | ' | ' | 697 | 807 | 859 | ' |
EBITDA | ' | ' | ' | ' | ' | ' | ' | ' | -2,923 | -885 | -4,599 | ' |
Impairment charges | ' | ' | ' | ' | ' | ' | ' | ' | 1,505 | ' | ' | ' |
Foreign currency transaction (gains) losses on short-term intercompany balances | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' |
Acquisition-related charges (benefits) | ' | ' | ' | ' | ' | ' | ' | ' | 187 | 382 | 440 | ' |
Transformation severance and related expenses | ' | ' | ' | ' | ' | ' | ' | ' | 168 | 394 | 0 | ' |
Wage claim costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | 407 | ' | ' |
Adjusted EBITDA | ' | ' | ' | ' | ' | ' | ' | ' | -1,063 | 298 | -4,158 | ' |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 802 | 1,386 | 1,787 | ' |
Allocated assets | 12,426 | ' | ' | ' | 25,126 | ' | ' | ' | 12,426 | 25,126 | ' | ' |
Total assets | 12,426 | ' | ' | ' | 25,126 | ' | ' | ' | 12,426 | 25,126 | ' | ' |
Corporate Support [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
EBIT | ' | ' | ' | ' | ' | ' | ' | ' | -22,783 | -22,166 | -21,089 | ' |
EBITDA | ' | ' | ' | ' | ' | ' | ' | ' | -22,783 | -22,166 | -21,089 | ' |
Foreign currency transaction (gains) losses on short-term intercompany balances | ' | ' | ' | ' | ' | ' | ' | ' | -24 | -2 | ' | ' |
Acquisition-related charges (benefits) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 360 | ' |
Transformation severance and related expenses | ' | ' | ' | ' | ' | ' | ' | ' | 1,134 | 64 | ' | ' |
Stock-based compensation | ' | ' | ' | ' | ' | ' | ' | ' | 6,294 | 6,321 | 5,093 | ' |
Adjusted EBITDA | ' | ' | ' | ' | ' | ' | ' | ' | -15,379 | -15,783 | -15,636 | ' |
Allocated assets | ' | ' | ' | ' | 0 | ' | ' | ' | ' | 0 | ' | ' |
Cash and cash equivalents | 43,700 | ' | ' | ' | 37,806 | ' | ' | ' | 43,700 | 37,806 | ' | ' |
Restricted cash | 57 | ' | ' | ' | 65 | ' | ' | ' | 57 | 65 | ' | ' |
Deferred loan costs | ' | ' | ' | ' | 193 | ' | ' | ' | ' | 193 | ' | ' |
Deferred income taxes | 1,708 | ' | ' | ' | 1,604 | ' | ' | ' | 1,708 | 1,604 | ' | ' |
Prepaid expenses and other assets | 2,254 | ' | ' | ' | 3,177 | ' | ' | ' | 2,254 | 3,177 | ' | ' |
Total assets | $47,719 | ' | ' | ' | $42,845 | ' | ' | ' | $47,719 | $42,845 | ' | ' |
Operating_Segments_and_Related4
Operating Segments and Related Information (by Country) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | $46,507 | $53,403 | $50,205 | $45,101 | $53,109 | $52,087 | $51,658 | $51,649 | $195,216 | $208,503 | $203,117 |
Long-lived assets | 41,754 | ' | ' | ' | 52,440 | ' | ' | ' | 41,754 | 52,440 | ' |
Total revenue [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Concentration risk (percent) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10.20% |
United States [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 115,819 | 124,302 | 107,072 |
Long-lived assets | 33,686 | ' | ' | ' | 42,629 | ' | ' | ' | 33,686 | 42,629 | ' |
United Kingdom [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 24,639 | 30,437 | 36,123 |
Long-lived assets | 6,690 | ' | ' | ' | 8,328 | ' | ' | ' | 6,690 | 8,328 | ' |
Canada [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 19,584 | 17,007 | 20,200 |
France [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 10,225 | 11,330 | 13,425 |
Brazil [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 5,090 | 5,919 | 5,718 |
Mexico [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 4,482 | 4,877 | 4,836 |
Australia [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 4,461 | 2,467 | 1,299 |
New Zealand [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 976 | 984 | 1,111 |
Thailand [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 971 | 896 | 470 |
Czech Republic [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 909 | 1,110 | 706 |
Hong Kong [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 851 | 743 | 586 |
Spain [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 844 | 1,252 | 1,901 |
Other [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 6,365 | 7,179 | 9,670 |
Long-lived assets | $1,378 | ' | ' | ' | $1,483 | ' | ' | ' | $1,378 | $1,483 | ' |
Earnings_Loss_Per_Common_Share2
Earnings (Loss) Per Common Share (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Numerator: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income (loss) | ($6,397) | $4,877 | $1,831 | ($497) | $1,533 | $2,565 | $1,002 | $292 | ($186) | $5,392 | $2,816 |
Denominator: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted-average common shares outstanding (shares) | ' | ' | ' | ' | ' | ' | ' | ' | 29,169 | 25,566 | 24,634 |
Basic earnings per common share (usd per share) | ($0.22) | $0.17 | $0.06 | ($0.02) | $0.06 | $0.10 | $0.04 | $0.01 | ($0.01) | $0.21 | $0.11 |
Numerator: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income (loss) | ($6,397) | $4,877 | $1,831 | ($497) | $1,533 | $2,565 | $1,002 | $292 | ($186) | $5,392 | $2,816 |
Denominator: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted-average common shares outstanding (shares) | ' | ' | ' | ' | ' | ' | ' | ' | 29,169 | 25,566 | 24,634 |
Incremental shares from stock-based compensation plans (shares) | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 571 | 395 |
Denominator for diluted earnings (loss) per common share (shares) | ' | ' | ' | ' | ' | ' | ' | ' | 29,169 | 26,137 | 25,029 |
Diluted earnings per common share (usd per share) | ($0.22) | $0.16 | $0.06 | ($0.02) | $0.06 | $0.10 | $0.04 | $0.01 | ($0.01) | $0.21 | $0.11 |
Earnings_Loss_Per_Common_Share3
Earnings (Loss) Per Common Share (Details Textual) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Schedule of Other Securities Included in Calculation of EPS [Abstract] | ' | ' | ' |
Number of common shares in the basic and diluted earnings per common share (shares) | 0.7 | 0.9 | 1.2 |
Nonvested restricted share (shares) | 0.2 | 0.2 | 0.2 |
Non-qualified Option [Member] | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' |
Weighted average shares outstanding excludes anti-dilutive shares underlying options (shares) | 3 | 1.6 | 1.5 |
Performance Unit [Member] | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' |
Weighted average shares outstanding excludes anti-dilutive shares underlying options (shares) | 0.1 | ' | ' |
Goodwill_and_Intangible_Assets2
Goodwill and Intangible Assets (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Goodwill [Roll Forward] | ' | ' |
Goodwill, beginning balance | $13,669 | $12,946 |
Goodwill recorded in connection with business combinations | ' | 696 |
Foreign currency translation | 17 | 27 |
Goodwill, ending balance | 13,686 | 13,669 |
Recovery Audit Services - Americas [Member] | ' | ' |
Goodwill [Roll Forward] | ' | ' |
Goodwill, beginning balance | 12,177 | 12,177 |
Goodwill recorded in connection with business combinations | ' | 0 |
Foreign currency translation | 0 | 0 |
Goodwill, ending balance | 12,177 | 12,177 |
Recovery Audit Services - Europe/Asia-Pacific [Member] | ' | ' |
Goodwill [Roll Forward] | ' | ' |
Goodwill, beginning balance | 896 | 173 |
Goodwill recorded in connection with business combinations | ' | 696 |
Foreign currency translation | 17 | 27 |
Goodwill, ending balance | 913 | 896 |
New Services [Member] | ' | ' |
Goodwill [Roll Forward] | ' | ' |
Goodwill, beginning balance | 596 | 596 |
Goodwill recorded in connection with business combinations | ' | 0 |
Foreign currency translation | 0 | 0 |
Goodwill, ending balance | $596 | $596 |
Goodwill_and_Intangible_Assets3
Goodwill and Intangible Assets (Details 1) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Gross carrying amount: | ' | ' | ' |
Gross carrying amount, Beginning balance | $46,119 | $45,522 | ' |
FX adjustments and other | 180 | 426 | ' |
Gross carrying amount, Ending balance | 46,299 | 46,119 | 45,522 |
Accumulated amortization: | ' | ' | ' |
Accumulated amortization, Beginning balance | -27,720 | -22,116 | ' |
Amortization expense | -4,802 | -5,394 | 4,600 |
FX adjustments and other | -195 | -210 | ' |
Accumulated amortization, Ending balance | -32,717 | -27,720 | -22,116 |
Net carrying amount: | ' | ' | ' |
Net carrying amount, Beginning balance | 18,399 | ' | ' |
Net carrying amount, Ending balance | 13,582 | 18,399 | ' |
Acquisition of CRC [Member] | ' | ' | ' |
Gross carrying amount: | ' | ' | ' |
Acquisition of Intangible Asset | ' | 128 | ' |
Acquisition of QFS [Member] | ' | ' | ' |
Gross carrying amount: | ' | ' | ' |
Acquisition of Intangible Asset | ' | 43 | ' |
Customer Relationships [Member] | ' | ' | ' |
Gross carrying amount: | ' | ' | ' |
Gross carrying amount, Beginning balance | 39,665 | 39,306 | ' |
FX adjustments and other | 150 | 359 | ' |
Gross carrying amount, Ending balance | 39,815 | 39,665 | ' |
Accumulated amortization: | ' | ' | ' |
Accumulated amortization, Beginning balance | -23,655 | -19,793 | ' |
Amortization expense | -3,355 | -3,692 | ' |
FX adjustments and other | -158 | -170 | ' |
Accumulated amortization, Ending balance | -27,168 | -23,655 | ' |
Net carrying amount: | ' | ' | ' |
Net carrying amount, Beginning balance | 16,010 | ' | ' |
Net carrying amount, Ending balance | 12,647 | 16,010 | ' |
Customer Relationships [Member] | Minimum [Member] | ' | ' | ' |
Net carrying amount: | ' | ' | ' |
Estimated useful life (years) | '6 years | ' | ' |
Customer Relationships [Member] | Maximum [Member] | ' | ' | ' |
Net carrying amount: | ' | ' | ' |
Estimated useful life (years) | '20 years | ' | ' |
Customer Relationships [Member] | Acquisition of CRC [Member] | ' | ' | ' |
Gross carrying amount: | ' | ' | ' |
Acquisition of Intangible Asset | ' | 0 | ' |
Customer Relationships [Member] | Acquisition of QFS [Member] | ' | ' | ' |
Gross carrying amount: | ' | ' | ' |
Acquisition of Intangible Asset | ' | 0 | ' |
Trademarks [Member] | ' | ' | ' |
Gross carrying amount: | ' | ' | ' |
Gross carrying amount, Beginning balance | 1,081 | 1,058 | ' |
FX adjustments and other | 9 | 23 | ' |
Gross carrying amount, Ending balance | 1,090 | 1,081 | ' |
Accumulated amortization: | ' | ' | ' |
Accumulated amortization, Beginning balance | -473 | -224 | ' |
Amortization expense | -215 | -238 | ' |
FX adjustments and other | -12 | -11 | ' |
Accumulated amortization, Ending balance | -700 | -473 | ' |
Net carrying amount: | ' | ' | ' |
Net carrying amount, Beginning balance | 608 | ' | ' |
Net carrying amount, Ending balance | 390 | 608 | ' |
Estimated useful life (years) | '6 years | ' | ' |
Trademarks [Member] | Acquisition of CRC [Member] | ' | ' | ' |
Gross carrying amount: | ' | ' | ' |
Acquisition of Intangible Asset | ' | 0 | ' |
Trademarks [Member] | Acquisition of QFS [Member] | ' | ' | ' |
Gross carrying amount: | ' | ' | ' |
Acquisition of Intangible Asset | ' | 0 | ' |
Non-compete Agreements [Member] | ' | ' | ' |
Gross carrying amount: | ' | ' | ' |
Gross carrying amount, Beginning balance | 2,508 | 2,293 | ' |
FX adjustments and other | 21 | 44 | ' |
Gross carrying amount, Ending balance | 2,529 | 2,508 | ' |
Accumulated amortization: | ' | ' | ' |
Accumulated amortization, Beginning balance | -1,565 | -785 | ' |
Amortization expense | -552 | -751 | ' |
FX adjustments and other | -25 | -29 | ' |
Accumulated amortization, Ending balance | -2,142 | -1,565 | ' |
Net carrying amount: | ' | ' | ' |
Net carrying amount, Beginning balance | 943 | ' | ' |
Net carrying amount, Ending balance | 387 | 943 | ' |
Non-compete Agreements [Member] | Minimum [Member] | ' | ' | ' |
Net carrying amount: | ' | ' | ' |
Estimated useful life (years) | '1 year | ' | ' |
Non-compete Agreements [Member] | Maximum [Member] | ' | ' | ' |
Net carrying amount: | ' | ' | ' |
Estimated useful life (years) | '5 years | ' | ' |
Non-compete Agreements [Member] | Acquisition of CRC [Member] | ' | ' | ' |
Gross carrying amount: | ' | ' | ' |
Acquisition of Intangible Asset | ' | 128 | ' |
Non-compete Agreements [Member] | Acquisition of QFS [Member] | ' | ' | ' |
Gross carrying amount: | ' | ' | ' |
Acquisition of Intangible Asset | ' | 43 | ' |
Trade Names [Member] | ' | ' | ' |
Gross carrying amount: | ' | ' | ' |
Gross carrying amount, Beginning balance | 2,865 | 2,865 | ' |
FX adjustments and other | 0 | 0 | ' |
Gross carrying amount, Ending balance | 2,865 | 2,865 | ' |
Accumulated amortization: | ' | ' | ' |
Accumulated amortization, Beginning balance | -2,027 | -1,314 | ' |
Amortization expense | -680 | -713 | ' |
FX adjustments and other | 0 | 0 | ' |
Accumulated amortization, Ending balance | -2,707 | -2,027 | ' |
Net carrying amount: | ' | ' | ' |
Net carrying amount, Beginning balance | 838 | ' | ' |
Net carrying amount, Ending balance | 158 | 838 | ' |
Trade Names [Member] | Minimum [Member] | ' | ' | ' |
Net carrying amount: | ' | ' | ' |
Estimated useful life (years) | '4 years | ' | ' |
Trade Names [Member] | Maximum [Member] | ' | ' | ' |
Net carrying amount: | ' | ' | ' |
Estimated useful life (years) | '5 years | ' | ' |
Trade Names [Member] | Acquisition of CRC [Member] | ' | ' | ' |
Gross carrying amount: | ' | ' | ' |
Acquisition of Intangible Asset | ' | 0 | ' |
Trade Names [Member] | Acquisition of QFS [Member] | ' | ' | ' |
Gross carrying amount: | ' | ' | ' |
Acquisition of Intangible Asset | ' | $0 | ' |
Goodwill_and_Intangible_Assets4
Goodwill and Intangible Assets (Details Textual) (USD $) | 12 Months Ended | 1 Months Ended | 12 Months Ended | |||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2011 | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2011 | |
Recovery Audit Services - Americas [Member] | Recovery Audit Services - Americas [Member] | Recovery Audit Services - Americas [Member] | Recovery Audit Services - Americas [Member] | Recovery Audit Services - Europe/Asia-Pacific [Member] | Recovery Audit Services - Europe/Asia-Pacific [Member] | Recovery Audit Services - Europe/Asia-Pacific [Member] | ||||
Business Strategy, Inc [Member] | firm | |||||||||
Goodwill [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill, accumulated impairment losses | ' | ' | ' | ' | $359,900,000 | ' | ' | ' | ' | ' |
Goodwill and Intangible Assets (Textual) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill through Acquisition | ' | 696,000 | ' | 0 | ' | ' | 7,800,000 | 696,000 | ' | ' |
Purchase price adjustments | ' | ' | ' | ' | ' | ' | 200,000 | 700,000 | ' | ' |
Goodwill | 13,686,000 | 13,669,000 | 12,946,000 | 12,177,000 | 12,177,000 | 12,177,000 | 7,600,000 | 896,000 | 913,000 | 173,000 |
Number of firms acquired | ' | ' | ' | ' | ' | ' | ' | 2 | ' | ' |
Goodwill and Intangible Assets (Additional Textual) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amortization expense | 4,802,000 | 5,394,000 | -4,600,000 | ' | ' | ' | ' | ' | ' | ' |
Project amortization expense 2014 | 3,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Project amortization expense 2015 | 2,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Project amortization expense 2016 | 1,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Project amortization expense 2017 | 1,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Project amortization expense 2018 | $1,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt_Details
Debt (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Components of long-term debt | ' | ' |
Less current portion | $0 | $3,000 |
Noncurrent portion | 0 | 3,000 |
Sun Trust Term Loan [Member] | ' | ' |
Components of long-term debt | ' | ' |
SunTrust term loan due quarterly through January 2014 | 0 | 6,000 |
Less current portion | 0 | 3,000 |
Noncurrent portion | $0 | $3,000 |
Debt_Details_Textual
Debt (Details Textual) (USD $) | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 46 Months Ended | |||||||||||
Jan. 19, 2010 | Dec. 31, 2013 | Jan. 17, 2014 | Dec. 31, 2013 | Jan. 19, 2010 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Jan. 19, 2010 | Dec. 31, 2013 | Dec. 31, 2013 | Jan. 19, 2010 | Jan. 17, 2014 | |
Subsequent event [Member] | Subsequent event [Member] | SunTrust Bank [Member] | SunTrust Bank [Member] | SunTrust Bank [Member] | SunTrust Bank [Member] | SunTrust Bank [Member] | Sun Trust Term Loan [Member] | Sun Trust Term Loan [Member] | Sun Trust Term Loan [Member] | Sun Trust Term Loan [Member] | Sun Trust Term Loan [Member] | Sun Trust Revolving Credit Facility [Member] | Sun Trust Revolving Credit Facility [Member] | Sun Trust Revolving Credit Facility [Member] | Sun Trust Revolving Credit Facility [Member] | |||
Minimum [Member] | Maximum [Member] | LIBOR [Member] | SunTrust Bank [Member] | SunTrust Bank [Member] | SunTrust Bank [Member] | SunTrust Bank [Member] | SunTrust Bank [Member] | SunTrust Bank [Member] | SunTrust Bank [Member] | |||||||||
Subsequent event [Member] | ||||||||||||||||||
Line of Credit Facility [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Period of term loan and the revolving credit facility | ' | ' | ' | ' | '4 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
First payment on the term loan | 19-Jan-10 | ' | ' | ' | ' | ' | ' | ' | ' | 31-Mar-10 | ' | ' | ' | ' | ' | ' | ' | ' |
Committed revolving credit facility | ' | ' | $25,000,000 | $15,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $15,000,000 | $15,000,000 | $25,000,000 |
Committed term loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,000,000 | ' | ' | ' | ' |
Revolving credit facility outstanding | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' |
Revolving credit facility, quarterly principal payment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 800,000 | ' | ' | ' | ' | ' |
Final principal payment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,000,000 | 3,000,000 | ' | ' | ' | ' | ' | ' |
Frequency of payment | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Quarterly | ' | ' | ' | ' | ' | ' | ' | ' |
Variable interest rate, term | ' | ' | ' | ' | ' | ' | ' | ' | '1 month | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Description of variable rate basis | ' | 'One-month LIBOR rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Applicable margin (percent) | ' | ' | ' | ' | ' | ' | 2.25% | 3.50% | 2.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revolving Credit facility and Term Loan interest rate (percent) | ' | ' | ' | ' | ' | 2.43% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revolving Credit facility commitment fee (percent) | ' | ' | ' | ' | ' | 0.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Term loan, weighted average interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.10% | 4.10% | 4.10% | ' | ' | ' | ' | ' |
Mandatory principal payments on SunTrust term loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $3,000,000 | ' | ' | ' | ' | ' | ' |
Fixed interest rate (percent) | ' | ' | 1.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.75% |
Debt Instrument, Term | ' | '4 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Lease_Commitments_Details
Lease Commitments (Details) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Future minimum lease payments under noncancellable operating leases | ' |
Gross 2014 | $7,038 |
Gross 2015 | 3,420 |
Gross 2016 | 2,768 |
Gross 2017 | 2,126 |
Gross 2018 | 1,552 |
Gross, Thereafter | 4,854 |
Total Gross | 21,758 |
Sublease Income 2014 | -872 |
Sublease Income 2015 | 0 |
Sublease Income 2016 | 0 |
Sublease Income 2017 | 0 |
Sublease Income 2018 | 0 |
Sublease Income, Thereafter | 0 |
Total Sublease Income | -872 |
Net 2014 | 6,166 |
Net 2015 | 3,420 |
Net 2016 | 2,768 |
Net 2017 | 2,126 |
Net 2018 | 1,552 |
Net, Thereafter | 4,854 |
Total Net | $20,886 |
Lease_Commitments_Details_Text
Lease Commitments (Details Textual) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
sqft | |||
Long-term Purchase Commitment [Line Items] | ' | ' | ' |
Rent expense, net | $6.30 | $6.20 | $6.70 |
Area of real estate subleased | 58,000 | ' | ' |
Lease obligations, noncurrent | ' | 0.9 | ' |
Unused office space [Member] | ' | ' | ' |
Long-term Purchase Commitment [Line Items] | ' | ' | ' |
Lease obligations | $1 | $1.10 | ' |
Income_Taxes_Domestic_and_Fore
Income Taxes (Domestic and Foreign) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Tax Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
United States | ' | ' | ' | ' | ' | ' | ' | ' | ($5,457) | $3,158 | ($3,182) |
Foreign | ' | ' | ' | ' | ' | ' | ' | ' | 8,026 | 3,531 | 7,290 |
Income before income taxes | ($5,313) | $5,906 | $2,417 | ($441) | $1,244 | $3,070 | $1,586 | $789 | $2,569 | $6,689 | $4,108 |
Income_Taxes_Provision_for_Inc
Income Taxes (Provision for Income Taxes) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Current: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Federal | ' | ' | ' | ' | ' | ' | ' | ' | $0 | $78 | $0 |
State | ' | ' | ' | ' | ' | ' | ' | ' | -452 | -30 | 79 |
Foreign | ' | ' | ' | ' | ' | ' | ' | ' | 3,230 | 2,048 | 3,364 |
Current income tax expense (benefit), total | ' | ' | ' | ' | ' | ' | ' | ' | 2,778 | 2,096 | 3,443 |
Deferred: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Federal | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | -1,603 |
State | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | -133 |
Foreign | ' | ' | ' | ' | ' | ' | ' | ' | -23 | -799 | -415 |
Deferred income tax expense (benefit), total | ' | ' | ' | ' | ' | ' | ' | ' | -23 | -799 | -2,151 |
Total | $1,084 | $1,029 | $586 | $56 | ($289) | $505 | $584 | $497 | $2,755 | $1,297 | $1,292 |
Income_Taxes_Effective_Income_
Income Taxes (Effective Income Tax Expense) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Tax Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Statutory federal income tax rate | ' | ' | ' | ' | ' | ' | ' | ' | $873 | $2,274 | $1,397 |
State income taxes, net of federal effect | ' | ' | ' | ' | ' | ' | ' | ' | -657 | 24 | -130 |
Change in deferred tax asset valuation allowance | ' | ' | ' | ' | ' | ' | ' | ' | -142 | -1,883 | -1,910 |
Foreign taxes in excess of U.S. statutory rate | ' | ' | ' | ' | ' | ' | ' | ' | 1,784 | 486 | 1,481 |
Compensation deduction limitation | ' | ' | ' | ' | ' | ' | ' | ' | 820 | 265 | 360 |
Other, net | ' | ' | ' | ' | ' | ' | ' | ' | 77 | 131 | 94 |
Total | $1,084 | $1,029 | $586 | $56 | ($289) | $505 | $584 | $497 | $2,755 | $1,297 | $1,292 |
Income_Taxes_Deferred_Tax_Asse
Income Taxes (Deferred Tax Assets and Liabilities) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Income Tax Disclosure [Abstract] | ' | ' |
Accounts payable and accrued expenses | $1,864 | $2,088 |
Accrued payroll and related expenses | 1,933 | 3,902 |
Stock-based compensation expense | 9,811 | 9,221 |
Depreciation of property and equipment | 5,836 | 3,746 |
Non-compete agreements | 8 | 27 |
Operating loss carry-forwards of foreign subsidiary | 1,690 | 1,501 |
Federal operating loss carry-forwards | 31,003 | 27,494 |
Intangible assets | 865 | 6,195 |
State operating loss carry-forwards | 2,925 | 2,648 |
Other | 2,165 | 3,243 |
Gross deferred tax assets | 58,100 | 60,065 |
Less valuation allowance | 48,453 | 48,489 |
Gross deferred tax assets net of valuation allowance | 9,647 | 11,576 |
Intangible assets | 3,970 | 5,790 |
Unbilled receivables and refund liabilities | 1,765 | 2,538 |
Capitalized software | 984 | 969 |
Other | 1,220 | 675 |
Gross deferred tax liabilities | 7,939 | 9,972 |
Net deferred tax assets | $1,708 | $1,604 |
Income_Taxes_Unrecognized_Tax_
Income Taxes (Unrecognized Tax Benefits) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Reconciliation of Unrecognized Tax Benefits [Roll Forward] | ' | ' | ' |
Unrecognized tax benefits, beginning balance | $2,197 | $2,649 | $2,055 |
Additions based on tax positions related to the current year | 0 | 0 | 0 |
Additions based on tax positions related to the prior years | 0 | 333 | 594 |
Decreases based on payments made during the year | -932 | ' | ' |
Decreases based on tax positions related to the prior years | -541 | -785 | ' |
Unrecognized tax benefits, ending balance | 724 | 2,197 | 2,649 |
Reconciliation of Unrecognized Tax Benefits, Accrued Interest [Roll Forward] | ' | ' | ' |
Accrued interest, beginning balance | 1,460 | 2,218 | 1,765 |
Additions based on tax positions related to the current year | 0 | 0 | 0 |
Additions based on tax positions related to the prior years | 119 | 456 | 453 |
Decreases based on payments made during the year | -385 | ' | ' |
Decreases based on tax positions related to the prior years | -934 | -1,214 | ' |
Accrued interest, ending balance | $260 | $1,460 | $2,218 |
Income_Taxes_Narrative_Details
Income Taxes (Narrative) (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Income Tax Examination [Line Items] | ' | ' | ' |
Federal statutory tax rate | 34.00% | ' | ' |
Effective income tax rate on earnings | 107.20% | 19.40% | 31.50% |
Valuation allowance | $48,453,000 | $48,489,000 | ' |
Gross deferred tax assets | 58,100,000 | 60,065,000 | ' |
Change in valuation allowance | 100,000 | ' | ' |
Operating loss carryforwards, subject to annual limitation | 16,500,000 | ' | ' |
Operating loss carryforwards, annual limitation | 1,400,000 | ' | ' |
Foreign Subsidiary [Member] | ' | ' | ' |
Income Tax Examination [Line Items] | ' | ' | ' |
Gross deferred tax assets | 2,000,000 | ' | ' |
Canadian Subsidiary [Member] | ' | ' | ' |
Income Tax Examination [Line Items] | ' | ' | ' |
Undistributed earnings of international subsidiaries | 400,000 | 200,000 | 200,000 |
U.S. Federal Tax Authority [Member] | ' | ' | ' |
Income Tax Examination [Line Items] | ' | ' | ' |
Operating loss carryforwards | 88,600,000 | ' | ' |
State Jurisdiction [Member] | ' | ' | ' |
Income Tax Examination [Line Items] | ' | ' | ' |
Operating loss carryforwards | $100,900,000 | ' | ' |
Employee_Benefit_Plans_Details
Employee Benefit Plans (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Employee Benefit Plans (Textual) [Abstract] | ' | ' | ' |
Defined contribution plan funded percentage | 50.00% | ' | ' |
Percentage of annual compensation per employee | 6.00% | ' | ' |
Defined contribution plan contributions by employer | $3,000 | ' | ' |
Defined contribution plan employers matching contribution annual vesting percentage after three years | 100.00% | ' | ' |
Period of defined contribution plan employers matching contribution annual vesting 100 percentage | '3 years | ' | ' |
Defined contribution plan employers matching contribution annual vesting percentage | 20.00% | ' | ' |
Defined contribution plan employers matching contribution annual vesting period | '2 years | ' | ' |
Defined contribution plan, employer contributions | $1,100,000 | $1,100,000 | $0 |
Shareholder_Rights_Plan_and_Ca1
Shareholder Rights Plan and Capital Structure (Details) (USD $) | 0 Months Ended | 12 Months Ended | |||
In Thousands, except Share data, unless otherwise specified | Jan. 08, 2013 | Dec. 11, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Equity [Abstract] | ' | ' | ' | ' | ' |
Preferred stock, shares outstanding | ' | ' | 0 | 0 | ' |
Public offering, common stock shares (shares) | ' | 6,249,234 | ' | ' | ' |
Public offering, by company (shares) | ' | 2,500,000 | ' | ' | ' |
Public offering, by selling shareholders (shares) | ' | 3,749,234 | ' | ' | ' |
Public offering, price per share (usd per share) | ' | $6.39 | ' | ' | ' |
Additional shares, overallotment option (shares) | 687,385 | ' | ' | ' | ' |
Public offering, net proceeds | $4,100 | $14,700 | $4,118 | $14,682 | $0 |
StockBased_Compensation_Detail
Stock-Based Compensation (Details Textual) (USD $) | 12 Months Ended | 6 Months Ended | 0 Months Ended | 12 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2006 | Jun. 30, 2008 | Jun. 30, 2008 | Jun. 19, 2012 | Jun. 15, 2010 | Dec. 31, 2013 | 29-May-08 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Jun. 19, 2012 | Aug. 11, 2006 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2011 | ||||||
compensation_plan | Stock Incentive Plan [Member] | Stock Incentive Plan [Member] | Stock Incentive Plan [Member] | 2008 Equity Incentive Plan [Member] | 2008 Equity Incentive Plan [Member] | 2008 Equity Incentive Plan [Member] | 2008 Equity Incentive Plan [Member] | The Plans [Member] | The Plans [Member] | The Plans [Member] | The Plans [Member] | Employee Group 1 [Member] | Director Group 1 [Member] | Performance-based options [Member] | Performance-based options [Member] | Performance-based options [Member] | Performance-based options [Member] | Performance-based options [Member] | Common stock [Member] | Common stock [Member] | Restricted stock and restricted stock units [Member] | Restricted stock and restricted stock units [Member] | Restricted stock and restricted stock units [Member] | Restricted stock and restricted stock units [Member] | Restricted stock and restricted stock units [Member] | Restricted stock and restricted stock units [Member] | Restricted stock and restricted stock units [Member] | Restricted stock and restricted stock units [Member] | Restricted stock and restricted stock units [Member] | Restricted stock and restricted stock units [Member] | Stock options [Member] | Stock options [Member] | Stock options [Member] | Stock options [Member] | Stock options [Member] | Stock options [Member] | Stock options [Member] | Stock options [Member] | Stock options [Member] | Stock options [Member] | ||||||||
Minimum [Member] | Maximum [Member] | Selling, general and administrative expenses [Member] | Selling, general and administrative expenses [Member] | Selling, general and administrative expenses [Member] | 2006 Management Incentive Plan [Member] | 2006 Management Incentive Plan [Member] | 2006 Management Incentive Plan [Member] | 2006 Management Incentive Plan [Member] | 2006 Management Incentive Plan [Member] | 2006 Management Incentive Plan [Member] | 2006 Management Incentive Plan [Member] | 2008 Equity Incentive Plan [Member] | Employee Group 1 [Member] | Employee Group 1 [Member] | Employee Group 1 [Member] | Director [Member] | Employee Inducement [Member] | Employee Inducement [Member] | Employee Inducement [Member] | Employee Inducement [Member] | 2008 Equity Incentive Plan [Member] | Employee Group 1 [Member] | Employee Group 1 [Member] | Employee Group 1 [Member] | Director [Member] | Director [Member] | Employee Inducement [Member] | Employee Inducement [Member] | Employee Inducement [Member] | Employee Inducement [Member] | ||||||||||||||||||
officer | executive_officer | executive_officer | 2008 Equity Incentive Plan [Member] | 2008 Equity Incentive Plan [Member] | 2008 Equity Incentive Plan [Member] | 2008 Equity Incentive Plan [Member] | Minimum [Member] | Maximum [Member] | 2008 Equity Incentive Plan [Member] | 2008 Equity Incentive Plan [Member] | 2008 Equity Incentive Plan [Member] | Minimum [Member] | Maximum [Member] | |||||||||||||||||||||||||||||||||||
Stock-Based Compensation (Textual) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Number of stock-based compensation plans | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Number of shares authorized for grant | ' | ' | ' | 1,237,500 | ' | ' | 7,600,000 | 5,400,000 | ' | 2,000,000 | ' | ' | ' | ' | ' | ' | ' | 2,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Stock award, term to expiration | ' | ' | ' | ' | '5 years | '7 years | ' | ' | '7 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Stock options vesting period | ' | ' | ' | ' | '1 year | '5 years | ' | ' | ' | ' | ' | ' | ' | ' | '3 years | '1 year | '3 years | ' | ' | ' | ' | ' | ' | ' | ' | '3 years | '3 years | '2 years | '3 years | '3 years | [1] | '4 years | '3 years | [2] | '3 years | [3] | '3 years | '3 years | '3 years | '2 years | '3 years | '1 year | '3 years | [4] | '3 years | [1] | '3 years | '4 years |
Stock options award vesting right | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'vest in equal annual increments over the vesting period | ' | ' | ' | ' | ' | ' | ' | ' | 'vest in equal annual increments over the vesting period | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Number of additional shares authorized for grant | ' | ' | ' | ' | ' | ' | 2,200,000 | 3,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Ratio of shares in restricted stock awards and other full value awards to shares in amended plan | ' | ' | ' | ' | ' | ' | ' | 1.41 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Number of shares available for future grant | ' | ' | ' | ' | ' | ' | ' | ' | 924,062 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Percentage of performance units (percent) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 60.00% | 60.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Percentage of fair market value (percent) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 40.00% | 40.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Number of Officers | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Total of performance units were outstanding and fully vested (shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 154,264 | ' | 44,076 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Grant date fair value awards | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Performance units settled in period (shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 93,664 | ' | 44,831 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Number of executive officers that settled performance units in period (executive officers) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4 | ' | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Number of former executive officers that settled performance units in period (executive officers) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Performance units forfeited in period (shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 16,524 | ' | ' | ' | ' | 113,485 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Number of former executive officers that forfeited performance units in period (executive officer) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Common stock issued during period (shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 56,197 | 26,898 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Cash payments for shares settled during period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 200,000 | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Selling, general and administrative expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,300,000 | 6,300,000 | 5,100,000 | ' | ' | ' | ' | 500,000 | 200,000 | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Common stock issued for settlement of performance units, amount | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Unrecognized stock-based compensation expense related to stock options | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $6,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Weighted-average period for recognizing stock compensation expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '1 year 11 months 9 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
[1] | The Company granted non-qualified stock options outside its existing stock-based compensation plans in the third quarter of 2012 to one employee in connection with the employee joining the Company. | |||||||||||||||||||||||||||||||||||||||||||||||
[2] | The Company granted nonvested performance-based stock awards (restricted stock) outside its existing stock-based compensation plans in the first quarter of 2013 to one employee in connection with the employee joining the Company. | |||||||||||||||||||||||||||||||||||||||||||||||
[3] | The Company granted nonvested stock awards (restricted stock units) outside its existing stock-based compensation plans in the third quarter of 2012 to one employee in connection with the employee joining the Company. | |||||||||||||||||||||||||||||||||||||||||||||||
[4] | The Company granted non-qualified performance-based stock options outside its existing stock-based compensation plans in the first quarter of 2013 to one employee in connection with the employee joining the Company. |
StockBased_Compensation_Stock_
Stock-Based Compensation (Stock Option Grants) (Details) (USD $) | 12 Months Ended | 12 Months Ended | 3 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Mar. 31, 2013 | Sep. 30, 2012 | Dec. 31, 2011 | Dec. 31, 2011 | Dec. 31, 2011 | |||
Director Group 1 [Member] | Employee Group 1 [Member] | Stock options [Member] | Stock options [Member] | Stock options [Member] | Stock options [Member] | Stock options [Member] | Stock options [Member] | Stock options [Member] | Stock options [Member] | Stock options [Member] | Stock options [Member] | Stock options [Member] | Stock options [Member] | Stock options [Member] | Stock options [Member] | Stock options [Member] | Stock options [Member] | Stock options [Member] | Stock options [Member] | Performance-based options [Member] | |||
Director Group 1 [Member] | Director Group 1 [Member] | Director Group 1 [Member] | Director Group 2 [Member] | Director Group 2 [Member] | Director [Member] | Employee Group 1 [Member] | Employee Group 1 [Member] | Employee Group 1 [Member] | Employee Group 2 [Member] | Employee inducement [Member] | Employee inducement [Member] | Employee inducement [Member] | Employee inducement [Member] | Employee inducement [Member] | Employee inducement [Member] | Employee inducement [Member] | Employee inducement [Member] | ||||||
employee | employee | employee | Minimum [Member] | Maximum [Member] | |||||||||||||||||||
Summary of stock option grants | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Number of Options Granted (shares) | ' | ' | 662,457 | 75,490 | 56,261 | 65,801 | 17,092 | 16,237 | 8,546 | 549,875 | 597,250 | 140,000 | 475,064 | 20,000 | [1] | 45,000 | [2] | 200,000 | ' | ' | ' | ' | 100,000 |
Vesting Period | ' | ' | ' | '1 year or less | '1 year or less | '1 year or less | ' | ' | ' | ' | ' | ' | ' | ' | ' | '3-4 years | ' | ' | ' | ' | ' | ||
Vesting Period | '1 year | '3 years | ' | ' | ' | ' | '3 years | '3 years | '3 years | '3 years | '3 years | '2 years | '3 years | '3 years | [1] | '3 years | [2] | ' | ' | ' | '3 years | '4 years | ' |
Weighted Average Exercise Price (usd per share) | ' | ' | $5.81 | $5.67 | $7.55 | $7.23 | $6.83 | $6.32 | $7.72 | $5.75 | $7.54 | $6.09 | $7.38 | $7.14 | [1] | $8.54 | [2] | $5.37 | ' | ' | ' | ' | ' |
Weighted Average Grant Date Fair Value (usd per share) | ' | ' | ' | $2 | $3.89 | $4.06 | $3.76 | $3.98 | $4.25 | $2.48 | $4.12 | $3.72 | $4.33 | $3.81 | [1] | $4.58 | [2] | $3.13 | ' | ' | ' | ' | ' |
Number of employees | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3 | 1 | 1 | ' | ' | ' | ||
[1] | The Company granted non-qualified performance-based stock options outside its existing stock-based compensation plans in the first quarter of 2013 to one employee in connection with the employee joining the Company. | ||||||||||||||||||||||
[2] | The Company granted non-qualified stock options outside its existing stock-based compensation plans in the third quarter of 2012 to one employee in connection with the employee joining the Company. |
StockBased_Compensation_Nonves
Stock-Based Compensation (Nonvested Stock Awards) (Details) (USD $) | 12 Months Ended | |||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Mar. 31, 2013 | Sep. 30, 2012 | ||||
employee | employee | employee | ||||||
Restricted stock and restricted stock units [Member] | ' | ' | ' | ' | ' | |||
Summary of nonvested stock awards granted | ' | ' | ' | ' | ' | |||
Number of Shares Granted (shares) | 712,457 | ' | ' | ' | ' | |||
Weighted Average Grant Date Fair Value (usd per share) | $5.86 | $7.64 | $6.96 | ' | ' | |||
2008 Equity Incentive Plan [Member] | Stock options [Member] | ' | ' | ' | ' | ' | |||
Summary of nonvested stock awards granted | ' | ' | ' | ' | ' | |||
Vesting Period | '3 years | ' | ' | ' | ' | |||
Director Group 1 [Member] | ' | ' | ' | ' | ' | |||
Summary of nonvested stock awards granted | ' | ' | ' | ' | ' | |||
Vesting Period | '1 year | ' | ' | ' | ' | |||
Director Group 1 [Member] | Stock options [Member] | ' | ' | ' | ' | ' | |||
Summary of nonvested stock awards granted | ' | ' | ' | ' | ' | |||
Vesting Period | '1 year or less | '1 year or less | '1 year or less | ' | ' | |||
Weighted Average Grant Date Fair Value (usd per share) | $2 | $3.89 | $4.06 | ' | ' | |||
Director Group 1 [Member] | 2008 Equity Incentive Plan [Member] | Restricted stock and restricted stock units [Member] | ' | ' | ' | ' | ' | |||
Summary of nonvested stock awards granted | ' | ' | ' | ' | ' | |||
Number of Shares Granted (shares) | 75,490 | 56,261 | 65,801 | ' | ' | |||
Vesting Period | '1 year or less | '1 year or less | '1 year or less | ' | ' | |||
Weighted Average Grant Date Fair Value (usd per share) | $5.67 | $7.55 | $7.23 | ' | ' | |||
Director [Member] | Stock options [Member] | ' | ' | ' | ' | ' | |||
Summary of nonvested stock awards granted | ' | ' | ' | ' | ' | |||
Vesting Period | ' | '3 years | ' | ' | ' | |||
Weighted Average Grant Date Fair Value (usd per share) | ' | $4.25 | ' | ' | ' | |||
Director [Member] | 2008 Equity Incentive Plan [Member] | Restricted stock and restricted stock units [Member] | ' | ' | ' | ' | ' | |||
Summary of nonvested stock awards granted | ' | ' | ' | ' | ' | |||
Number of Shares Granted (shares) | ' | 8,546 | ' | ' | ' | |||
Vesting Period | ' | '3 years | ' | ' | ' | |||
Weighted Average Grant Date Fair Value (usd per share) | ' | $7.72 | ' | ' | ' | |||
Director [Member] | 2008 Equity Incentive Plan [Member] | Stock options [Member] | ' | ' | ' | ' | ' | |||
Summary of nonvested stock awards granted | ' | ' | ' | ' | ' | |||
Vesting Period | '1 year | ' | ' | ' | ' | |||
Director Group 2 [Member] | Stock options [Member] | ' | ' | ' | ' | ' | |||
Summary of nonvested stock awards granted | ' | ' | ' | ' | ' | |||
Vesting Period | '3 years | ' | '3 years | ' | ' | |||
Weighted Average Grant Date Fair Value (usd per share) | $3.76 | ' | $3.98 | ' | ' | |||
Director Group 2 [Member] | 2008 Equity Incentive Plan [Member] | Restricted stock and restricted stock units [Member] | ' | ' | ' | ' | ' | |||
Summary of nonvested stock awards granted | ' | ' | ' | ' | ' | |||
Number of Shares Granted (shares) | 17,092 | ' | 17,237 | ' | ' | |||
Vesting Period | '3 years | ' | '3 years | ' | ' | |||
Weighted Average Grant Date Fair Value (usd per share) | $6.83 | ' | $6.34 | ' | ' | |||
Employee Group 1 [Member] | ' | ' | ' | ' | ' | |||
Summary of nonvested stock awards granted | ' | ' | ' | ' | ' | |||
Vesting Period | '3 years | ' | ' | ' | ' | |||
Employee Group 1 [Member] | Stock options [Member] | ' | ' | ' | ' | ' | |||
Summary of nonvested stock awards granted | ' | ' | ' | ' | ' | |||
Vesting Period | '3 years | '3 years | '2 years | ' | ' | |||
Weighted Average Grant Date Fair Value (usd per share) | $2.48 | $4.12 | $3.72 | ' | ' | |||
Employee Group 1 [Member] | 2008 Equity Incentive Plan [Member] | Restricted stock and restricted stock units [Member] | ' | ' | ' | ' | ' | |||
Summary of nonvested stock awards granted | ' | ' | ' | ' | ' | |||
Number of Shares Granted (shares) | 599,875 | 426,286 | 60,000 | ' | ' | |||
Vesting Period | '3 years | '3 years | '2 years | ' | ' | |||
Weighted Average Grant Date Fair Value (usd per share) | $5.82 | $7.55 | $6.09 | ' | ' | |||
Employee Group 2 [Member] | Stock options [Member] | ' | ' | ' | ' | ' | |||
Summary of nonvested stock awards granted | ' | ' | ' | ' | ' | |||
Vesting Period | ' | ' | '3 years | ' | ' | |||
Weighted Average Grant Date Fair Value (usd per share) | ' | ' | $4.33 | ' | ' | |||
Employee Group 2 [Member] | 2008 Equity Incentive Plan [Member] | Restricted stock and restricted stock units [Member] | ' | ' | ' | ' | ' | |||
Summary of nonvested stock awards granted | ' | ' | ' | ' | ' | |||
Number of Shares Granted (shares) | ' | ' | 455,064 | ' | ' | |||
Vesting Period | ' | ' | '3 years | ' | ' | |||
Weighted Average Grant Date Fair Value (usd per share) | ' | ' | $7.41 | ' | ' | |||
Employee inducement [Member] | Restricted stock and restricted stock units [Member] | Minimum [Member] | ' | ' | ' | ' | ' | |||
Summary of nonvested stock awards granted | ' | ' | ' | ' | ' | |||
Vesting Period | ' | ' | '3 years | [1] | ' | ' | ||
Employee inducement [Member] | Restricted stock and restricted stock units [Member] | Maximum [Member] | ' | ' | ' | ' | ' | |||
Summary of nonvested stock awards granted | ' | ' | ' | ' | ' | |||
Vesting Period | ' | ' | '4 years | ' | ' | |||
Employee inducement [Member] | Stock options [Member] | ' | ' | ' | ' | ' | |||
Summary of nonvested stock awards granted | ' | ' | ' | ' | ' | |||
Vesting Period | ' | ' | '3-4 years | ' | ' | |||
Vesting Period | '3 years | [2] | '3 years | [1] | ' | ' | ' | |
Weighted Average Grant Date Fair Value (usd per share) | $3.81 | [2] | $4.58 | [1] | $3.13 | ' | ' | |
Number of employees | ' | ' | 3 | 1 | 1 | |||
Employee inducement [Member] | Stock options [Member] | Minimum [Member] | ' | ' | ' | ' | ' | |||
Summary of nonvested stock awards granted | ' | ' | ' | ' | ' | |||
Vesting Period | ' | ' | '3 years | ' | ' | |||
Employee inducement [Member] | Stock options [Member] | Maximum [Member] | ' | ' | ' | ' | ' | |||
Summary of nonvested stock awards granted | ' | ' | ' | ' | ' | |||
Vesting Period | ' | ' | '4 years | ' | ' | |||
Employee inducement [Member] | 2008 Equity Incentive Plan [Member] | Restricted stock and restricted stock units [Member] | ' | ' | ' | ' | ' | |||
Summary of nonvested stock awards granted | ' | ' | ' | ' | ' | |||
Number of Shares Granted (shares) | 20,000 | [3] | 45,000 | [4] | 120,000 | ' | ' | |
Vesting Period | ' | ' | '3-4 years | ' | ' | |||
Vesting Period | '3 years | [3] | '3 years | [4] | ' | ' | ' | |
Weighted Average Grant Date Fair Value (usd per share) | $7.14 | [3] | $8.54 | [4] | $5.66 | ' | ' | |
Number of employees | ' | ' | 2 | 1 | 1 | |||
[1] | The Company granted non-qualified stock options outside its existing stock-based compensation plans in the third quarter of 2012 to one employee in connection with the employee joining the Company. | |||||||
[2] | The Company granted non-qualified performance-based stock options outside its existing stock-based compensation plans in the first quarter of 2013 to one employee in connection with the employee joining the Company. | |||||||
[3] | The Company granted nonvested performance-based stock awards (restricted stock) outside its existing stock-based compensation plans in the first quarter of 2013 to one employee in connection with the employee joining the Company. | |||||||
[4] | The Company granted nonvested stock awards (restricted stock units) outside its existing stock-based compensation plans in the third quarter of 2012 to one employee in connection with the employee joining the Company. |
StockBased_Compensation_Stock_1
Stock-Based Compensation (Stock Option Activity) (Details) (Stock options [Member], USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Stock options [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ' | ' | ' |
Shares outstanding, beginning balance | 2,984,160 | ' | ' |
Shares granted | 662,457 | ' | ' |
Shares exercised | -202,159 | ' | ' |
Shares forfeited | -322,038 | ' | ' |
Shares expired | -87,000 | ' | ' |
Shares outstanding, ending balance | 3,035,420 | 2,984,160 | ' |
Shares exercisable | 2,140,468 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract] | ' | ' | ' |
Weighted Average Exercise Price, outstanding, beginning balance (in dollars per share) | $6.70 | ' | ' |
Weighted Average Exercise Price, Granted (in dollars per share) | $5.81 | ' | ' |
Weighted Average Exercise Price, Exercised (in dollars per share) | $4.53 | ' | ' |
Weighted Average Exercise Price, Forfeited (in dollars per share) | $8.34 | ' | ' |
Weighted Average Exercise Price, Expired (in dollars per share) | $6.29 | ' | ' |
Weighted Average Exercise Price, outstanding, ending balance (in dollars per share) | $6.49 | $6.70 | ' |
Weighted Average Exercise Price, exercisable (in dollars per share) | $6.49 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract] | ' | ' | ' |
Weighted Average Remaining Contractual Term, Outstanding | '4 years 1 month 12 days | ' | ' |
Weighted Average Remaining Contractual Term, Exercisable | '3 years 3 months 22 days | ' | ' |
Aggregate Intrinsic Value, Outstanding | $3,558 | ' | ' |
Aggregate Intrinsic Value, Exercisable | 3,061 | ' | ' |
Weighted average grant date fair value, options granted | $2.50 | $4.13 | $3.94 |
Total intrinsic value, options exercised | $354 | $500 | $400 |
StockBased_Compensation_Nonves1
Stock-Based Compensation (Nonvested Award Activity) (Details) (Restricted stock and restricted stock units [Member], USD $) | 12 Months Ended | ||
In Millions, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Restricted stock and restricted stock units [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | ' | ' | ' |
Shares, Nonvested, beginning balance | 1,068,008 | ' | ' |
Shares granted | 712,457 | ' | ' |
Shares vested | -770,571 | ' | ' |
Shares forfeited | -113,485 | ' | ' |
Shares, Nonvested, ending balance | 896,409 | 1,068,008 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract] | ' | ' | ' |
Weighted Average Grant Date Fair Value, Granted (usd per share) | $5.86 | $7.64 | $6.96 |
Weighted Average Grant Date Fair Value, Vested (usd per share) | $5.96 | ' | ' |
Weighted Average Grant Date Fair Value, Forfeited (usd per share) | $6.78 | ' | ' |
Weighted Average Grant Date Fair Value, Nonvested, ending balance (in dollars per share) | $6.47 | $6.54 | ' |
Vest date fair value of stock awards vested | $4.60 | $4.90 | $3.60 |
Business_Acquisitions_Details
Business Acquisitions (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
The summary of the allocation of the aggregate fair values of the assets acquired and purchase price for the associate migrations | ' | ' | ' |
Goodwill (Note 4) | $13,686 | $13,669 | $12,946 |
Associate Migrations [Member] | ' | ' | ' |
The summary of the allocation of the aggregate fair values of the assets acquired and purchase price for the associate migrations | ' | ' | ' |
Equipment | ' | 10 | ' |
Intangible assets, primarily non-compete agreements | ' | 171 | ' |
Working capital, including work in progress | ' | 666 | ' |
Goodwill (Note 4) | ' | 695 | ' |
Fair value of net assets acquired | ' | 1,542 | ' |
Business Strategy, Inc. [Member] | ' | ' | ' |
The summary of the allocation of the aggregate fair values of the assets acquired and purchase price for the associate migrations | ' | ' | ' |
Equipment | ' | 70 | ' |
Intangible assets, primarily non-compete agreements | ' | 4,041 | ' |
Working capital, including work in progress | ' | 1,967 | ' |
Deferred tax liabilities | ' | -1,736 | ' |
Goodwill (Note 4) | ' | 7,577 | ' |
Fair value of net assets acquired | ' | $11,919 | $11,900 |
Business_Acquisitions_Details_
Business Acquisitions (Details Textual) (USD $) | 12 Months Ended | 1 Months Ended | 47 Months Ended | 1 Months Ended | 38 Months Ended | 12 Months Ended | 25 Months Ended | 1 Months Ended | 6 Months Ended | 1 Months Ended | ||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Feb. 28, 2010 | Dec. 31, 2013 | Feb. 28, 2014 | Feb. 28, 2010 | Feb. 28, 2010 | Feb. 28, 2010 | Feb. 28, 2010 | Nov. 30, 2010 | Dec. 31, 2013 | Jan. 31, 2012 | Jun. 29, 2012 | Nov. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2011 | Jun. 30, 2012 | Dec. 31, 2011 | Dec. 31, 2011 | |
Etesius Limited [Member] | Etesius Limited [Member] | Etesius Limited [Member] | Etesius Limited [Member] | Etesius Limited [Member] | Etesius Limited [Member] | Etesius Limited [Member] | TJG Holdings LLC [Member] | TJG Holdings LLC [Member] | CRC Management Consultants LLP [Member] | QFS Limited [Member] | Nordic Profit Provider AB [Member] | Business Strategy, Inc. [Member] | Business Strategy, Inc. [Member] | Business Strategy, Inc. [Member] | Business Strategy, Inc. [Member] | Business Strategy, Inc. [Member] | Business Strategy, Inc. [Member] | Business Strategy, Inc. [Member] | ||||
Subsequent event [Member] | Initial payment [Member] | Obligations [Member] | Deferred Payments [Member] | Potential Additional Variable Payments (Earn Out) [Member] | Initial payment [Member] | Initial payment [Member] | Initial payment [Member] | Additional payment [Member] | Performance Requirement [Member] | Audit Claim Recovery [Member] | ||||||||||||
Business Acquisitions (Textual) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Payments for business acquisition | $0 | $1,542,000 | $3,155,000 | $3,100,000 | ' | ' | $2,800,000 | $300,000 | ' | ' | $2,300,000 | ' | ' | ' | ' | ' | ' | ' | $2,800,000 | $700,000 | ' | ' |
Contingent consideration, liability | ' | ' | ' | ' | ' | ' | ' | ' | 1,200,000 | ' | 1,400,000 | 0 | ' | ' | ' | ' | ' | 2,500,000 | ' | ' | ' | ' |
Contingent consideration, payment term | ' | ' | ' | ' | ' | ' | ' | ' | '4 years | '4 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '2 years | '2 years |
Contingent consideration, liability, maximum | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,800,000 | 1,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,500,000 | 8,000,000 |
Payment of contingent consideration | ' | ' | ' | ' | 500,000 | 700,000 | ' | ' | ' | ' | ' | 1,900,000 | ' | ' | ' | ' | ' | 3,700,000 | ' | ' | ' | ' |
Payment of contingent consideration, cash | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,300,000 | ' | ' | ' | ' |
Payment of contingent consideration, common stock (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 217,155 | ' | ' | ' | ' |
Payment of contingent consideration, common stock, amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,400,000 | ' | ' | ' | ' |
Earn-out period for contingent consideration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '2 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total estimated purchase price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,700,000 | ' | 1,000,000 | 400,000 | 100,000 | 11,919,000 | 11,900,000 | ' | ' | ' | ' | ' |
Revenue of acquiree recognized since acquisition date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,900,000 | 800,000 | ' | ' | ' | ' | ' |
Earnings of acquiree recognized since acquisition date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,500,000 | 100,000 | ' | ' | ' | ' | ' |
Shares issued in business acquisition | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 640,614 | ' | ' | ' |
Value of shares issued in business acquisition | 1,472,000 | ' | 3,722,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,700,000 | ' | ' | ' |
Increase in contingent consideration liability | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -500,000 | ' | ' | ' | -4,900,000 | ' | -1,300,000 | ' | ' | ' | ' |
Business combination, adjustment to initial fair value accounting | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12,200,000 | ' | ' | ' | ' | ' |
Goodwill, reduction due to fair value adjustment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -200,000 | ' | ' | ' | ' | ' |
Business combination, decrease in fair value of purchase price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -200,000 | ' | ' | ' | ' | ' |
Goodwill | 13,686,000 | 13,669,000 | 12,946,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,577,000 | ' | ' | ' | ' | ' | ' |
Goodwill, deductible for income tax purposes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,500,000 | ' | ' | ' | ' | ' | ' |
Business_Acquisitions_Pro_Form
Business Acquisitions (Pro Forma) (Details) (Business Strategy, Inc. [Member], USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2011 |
Business Strategy, Inc. [Member] | ' | ' |
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items] | ' | ' |
Revenue | $208,503 | $210,073 |
Net income (loss) | $5,913 | $4,341 |
Quarterly_Results_Unaudited_De
Quarterly Results (Unaudited) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Quarterly financial data | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | $46,507 | $53,403 | $50,205 | $45,101 | $53,109 | $52,087 | $51,658 | $51,649 | $195,216 | $208,503 | $203,117 |
Operating expenses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cost of revenue | 29,741 | 30,876 | 31,521 | 30,407 | 34,399 | 32,461 | 33,312 | 34,218 | 122,545 | 134,390 | 137,482 |
Selling, general and administrative expenses | 14,472 | 13,944 | 12,630 | 11,711 | 13,952 | 13,242 | 12,696 | 12,637 | 52,757 | 52,527 | 49,102 |
Depreciation of property and equipment | 2,162 | 2,034 | 2,027 | 2,008 | 2,276 | 1,716 | 1,579 | 1,513 | 8,231 | 7,084 | 5,401 |
Amortization of intangible assets | 1,185 | 1,204 | 1,332 | 1,276 | 2,007 | 1,431 | 1,459 | 2,327 | 4,997 | 7,224 | 4,991 |
Impairment charges | 4,207 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,207 | 0 | 0 |
Total operating expenses | 51,767 | 48,058 | 47,510 | 45,402 | 52,634 | 48,850 | 49,046 | 50,695 | 192,737 | 201,225 | 196,976 |
Operating income | -5,260 | 5,345 | 2,695 | -301 | 475 | 3,237 | 2,612 | 954 | 2,479 | 7,278 | 6,141 |
Foreign currency transaction (gains) losses on short-term intercompany balances | 41 | -636 | 225 | 357 | -187 | -348 | 497 | -339 | -13 | -377 | 417 |
Interest expense (income), net | 12 | 75 | 53 | -217 | -582 | 515 | 529 | 504 | -77 | 966 | 1,616 |
Income before income taxes | -5,313 | 5,906 | 2,417 | -441 | 1,244 | 3,070 | 1,586 | 789 | 2,569 | 6,689 | 4,108 |
Income tax expense (benefit) | 1,084 | 1,029 | 586 | 56 | -289 | 505 | 584 | 497 | 2,755 | 1,297 | 1,292 |
Net income (loss) | ($6,397) | $4,877 | $1,831 | ($497) | $1,533 | $2,565 | $1,002 | $292 | ($186) | $5,392 | $2,816 |
Basic earnings per common share | ($0.22) | $0.17 | $0.06 | ($0.02) | $0.06 | $0.10 | $0.04 | $0.01 | ($0.01) | $0.21 | $0.11 |
Diluted earnings per common share | ($0.22) | $0.16 | $0.06 | ($0.02) | $0.06 | $0.10 | $0.04 | $0.01 | ($0.01) | $0.21 | $0.11 |
Quarterly_Results_Unaudited_De1
Quarterly Results (Unaudited ) (Details Textual) (USD $) | 3 Months Ended | 12 Months Ended | |||
Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
foreign_jurisdiction | Software development, intended for sale and internal use [Member] | Software development, intended for sale and internal use [Member] | Software development, intended for sale and internal use [Member] | Software development, intended for sale and internal use [Member] | |
state | |||||
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' |
Impairment charges | ' | $4,200,000 | $4,200,000 | $0 | $0 |
Reduction in tax expense | 400,000 | ' | ' | ' | ' |
Reduction in interest expense | $800,000 | ' | ' | ' | ' |
Number of foreign jurisdictions | 2 | ' | ' | ' | ' |
Number of states | 1 | ' | ' | ' | ' |
Subsequent_Events_Details
Subsequent Events (Details) (USD $) | 0 Months Ended | |||
Feb. 21, 2014 | Jan. 31, 2014 | Jan. 17, 2014 | Dec. 31, 2013 | |
sqft | ||||
Subsequent Event [Line Items] | ' | ' | ' | ' |
Area of real estate under lease | ' | ' | ' | 58,000 |
Subsequent event [Member] | ' | ' | ' | ' |
Subsequent Event [Line Items] | ' | ' | ' | ' |
Area of real estate under lease | ' | 58,000 | ' | ' |
Revolving credit facility, maximum borrowing capacity | ' | ' | $25,000,000 | $15,000,000 |
Fixed interest rate (percent) | ' | ' | 1.75% | ' |
Stock repurchase program, amount authorized | $10,000,000 | ' | ' | ' |
Schedule_II_Valuation_and_Qual1
Schedule II - Valuation and Qualifying Accounts (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Allowance for doubtful accounts receivable [Member] | ' | ' | ' |
Movement in Valuation Allowances and Reserves [Roll Forward] | ' | ' | ' |
Balance at Beginning of Year | $1,693 | $811 | $591 |
Additions, Charge (Credit) to Costs and Expenses | 303 | 882 | 221 |
Deductions, Credit to the respective receivable | 0 | 0 | -1 |
Balance at End of Year | 1,996 | 1,693 | 811 |
Allowance for doubtful employee advances and miscellaneous receivables [Member] | ' | ' | ' |
Movement in Valuation Allowances and Reserves [Roll Forward] | ' | ' | ' |
Balance at Beginning of Year | 538 | 272 | 669 |
Additions, Charge (Credit) to Costs and Expenses | 1,176 | 584 | 366 |
Deductions, Credit to the respective receivable | -1,312 | -318 | -763 |
Balance at End of Year | 402 | 538 | 272 |
Deferred tax valuation allowance [Member] | ' | ' | ' |
Movement in Valuation Allowances and Reserves [Roll Forward] | ' | ' | ' |
Balance at Beginning of Year | 48,489 | 51,630 | 54,801 |
Additions, Charge (Credit) to Costs and Expenses | -36 | -3,141 | -3,171 |
Deductions, Credit to the respective receivable | 0 | 0 | 0 |
Balance at End of Year | $48,453 | $48,489 | $51,630 |