Information Services (III) 10-Q 5 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Jul. 31, 2019
Document and Entity Information
Entity Registrant Name	Information Services Group Inc.
Entity Central Index Key	0001371489
Document Type	10-Q
Document Period End Date	Jun. 30, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		47,382,917
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Current assets
Cash and cash equivalents	$ 10,410	$ 18,636
Accounts receivable and contract assets, net of allowance of $593 and $401, respectively	82,572	75,934
Prepaid expenses and other current assets	3,582	3,620
Total current assets	96,564	98,190
Restricted cash	89	89
Furniture, fixtures and equipment, net	6,229	6,636
Right-of-use assets	7,588
Goodwill	85,374	85,389
Intangible assets, net	18,612	20,622
Deferred tax assets	2,109	2,944
Other assets	820	861
Total assets	217,385	214,731
Current liabilities
Accounts payable	8,156	8,453
Current maturities of long-term debt	9,625	8,250
Contract liabilities	3,576	6,187
Accrued expenses and other current liabilities	18,256	17,759
Total current liabilities	39,613	40,649
Long-term debt, net of current maturities	86,024	89,212
Deferred tax liabilities	1,612	1,790
Lease liabilities	6,054
Other liabilities	3,022	4,493
Total liabilities	136,325	136,144
Commitments and contingencies (Note 8)
Stockholders' equity
Preferred stock, $0.001 par value; 10,000 shares authorized; none issued
Common stock, $0.001 par value, 100,000 shares authorized; 48,063 shares issued and 47,220 outstanding at June 30, 2019 and 45,477 shares issued and 45,430 outstanding at December 31, 2018	48	45
Additional paid-in capital	241,983	235,998
Treasury stock (843 and 47 common shares, respectively, at cost)	(3,179)	(203)
Accumulated other comprehensive loss	(7,210)	(7,155)
Accumulated deficit	(150,582)	(150,098)
Total stockholders' equity	81,060	78,587
Total liabilities and stockholders’ equity	$ 217,385	$ 214,731

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
CONDENSED CONSOLIDATED BALANCE SHEETS
Accounts receivables and contract assets, allowances	$ 593	$ 401
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000	10,000
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	100,000	100,000
Common stock, shares issued	48,063	45,477
Common stock, shares outstanding	47,220	45,430
Treasury stock, shares	843	47

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Revenues	$ 67,328	$ 71,026	$ 132,119	$ 139,903
Operating expenses
Direct costs and expenses for advisors	38,146	40,153	78,911	83,137
Selling, general and administrative	24,223	24,680	47,235	46,908
Depreciation and amortization	1,675	1,993	3,359	3,895
Operating income	3,284	4,200	2,614	5,963
Interest income	89	3	92	110
Interest expense	(1,602)	(1,728)	(3,165)	(3,465)
Foreign currency transaction (loss) gain	(18)	49	(35)	25
Income (loss) before taxes	1,753	2,524	(494)	2,633
Income tax provision (benefit)	1,339	162	(10)	107
Net income (loss)	$ 414	$ 2,362	$ (484)	$ 2,526
Weighted average shares outstanding:
Basic (in shares)	46,880	44,655	46,344	44,180
Diluted (in shares)	47,401	46,086	46,344	45,973
Earnings (loss) per share:
Basic (in dollars per share)	$ 0.01	$ 0.05	$ (0.01)	$ 0.06
Diluted (in dollars per share)	$ 0.01	$ 0.05	$ (0.01)	$ 0.05
Comprehensive income (loss):
Net income (loss)	$ 414	$ 2,362	$ (484)	$ 2,526
Foreign currency translation, net of tax (expense) benefit of $(36), $465, $14 and $311, respectively.	104	(1,496)	(55)	(1,004)
Comprehensive income (loss):	$ 518	$ 866	$ (539)	$ 1,522

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Foreign currency translation, tax benefit (expense)	$ (36)	$ 465	$ 14	$ 311

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Common Stock	Additional Paid-In-Capital	Treasury Stock	Accumulated Other Comprehensive Loss	Accumulated Deficit	Total
Balance at Dec. 31, 2017	$ 44	$ 230,134	$ (3,161)	$ (5,666)	$ (157,814)	$ 63,537
Balance (in shares) at Dec. 31, 2017	44,490
Increase (Decrease) in Stockholders' Equity
Net income (loss)					2,526	2,526
Other comprehensive loss				(1,004)		(1,004)
Treasury shares repurchased			(2,532)			(2,532)
Proceeds from issuance of ESPP		(7)	449			442
Issuance of treasury shares for RSU vested		(4,064)	4,064
Issuance of common stock for contingent earn-out		1,200				1,200
Issuance of common stock for contingent earn-out (in shares)	290
Issuance of common stock for RSU vested	$ 1	(1)
Issuance of common stock for RSU vested (in shares)	413
Stock based compensation		4,646				4,646
Balance at Jun. 30, 2018	$ 45	231,908	(1,180)	(6,670)	(153,248)	70,855
Balance (in shares) at Jun. 30, 2018	45,193
Increase (Decrease) in Stockholders' Equity
Impact of change in accounting policy					2,040	2,040
Balance at Dec. 31, 2018	$ 45	235,998	(203)	(7,155)	(150,098)	$ 78,587
Balance (in shares) at Dec. 31, 2018	45,477					45,477
Increase (Decrease) in Stockholders' Equity
Net income (loss)					(484)	$ (484)
Other comprehensive loss				(55)		(55)
Treasury shares repurchased			(2,976)			(2,976)
Proceeds from issuance of ESPP		429				429
Proceeds from issuance of ESPP (in shares)	122
Issuance of common stock for contingent earn-out	$ 1	864				865
Issuance of common stock for contingent earn-out (in shares)	243
Issuance of common stock for RSU vested	$ 2	(2)
Issuance of common stock for RSU vested (in shares)	2,221
Stock based compensation		4,694				4,694
Balance at Jun. 30, 2019	$ 48	$ 241,983	$ (3,179)	$ (7,210)	$ (150,582)	$ 81,060
Balance (in shares) at Jun. 30, 2019	48,063					48,063

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash flows from operating activities
Net (loss) income	$ (484)	$ 2,526
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation expense	1,352	1,357
Amortization of intangible assets	2,007	2,538
Deferred tax expense (benefit) from stock issuances	115	(152)
Amortization of deferred financing costs	312	394
Stock-based compensation	4,694	4,646
Provisions for accounts receivable	313	452
Deferred tax provision	675	106
Loss on disposal of fixed assets	4	28
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable and contract assets	(6,970)	(2,180)
Prepaid expense and other assets	1,067	(434)
Accounts payable	(617)	(182)
Contract liabilities	(2,611)	(1,859)
Accrued expenses	725	(91)
Net cash provided by operating activities	582	7,149
Cash flows from investing activities
Purchase of furniture, fixtures and equipment	(674)	(3,357)
Net cash used in investing activities	(674)	(3,357)
Cash flows from financing activities
Proceeds from debt	3,500
Principal payments on borrowings	(5,625)	(6,511)
Proceeds from issuance of employee stock purchase plan shares	429	442
Payment of contingent consideration	(865)	(1,200)
Payments related to tax withholding for stock-based compensation	(2,571)	(2,396)
Equity securities repurchased	(2,976)	(2,532)
Net cash used in financing activities	(8,108)	(12,197)
Effect of exchange rate changes on cash	(26)	(577)
Net decrease in cash, cash equivalents, and restricted cash	(8,226)	(8,982)
Cash, cash equivalents, and restricted cash, beginning of period	18,725	28,514
Cash, cash equivalents, and restricted cash, end of period	$ 10,499	19,532
Non-cash investing and financing activities:
Issuance of treasury stock for vested restricted stock awards		$ 4,064

DESCRIPTION OF ORGANIZATION AND

DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS	6 Months Ended
	Jun. 30, 2019
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS	NOTE 1—DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS Information Services Group, Inc. (the “Company” or “ISG”) was founded in 2006 with the strategic vision to become a high-growth, leading provider of information-based advisory services. The Company specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; technology strategy and operations design; change management; market intelligence and technology research and analysis.

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2019
BASIS OF PRESENTATION
BASIS OF PRESENTATION	NOTE 2—BASIS OF PRESENTATION The accompanying unaudited condensed consolidated financial statements as of June 30, 2019 and for the three and six months ended June 30, 2019 and 2018, have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial statements and pursuant to Form 10-Q and Article 10 of Regulation S-X. In the opinion of management, all adjustments (consisting of normal recurring accruals) have been made that are considered necessary for a fair statement of the financial position of the Company as of June 30, 2019, the results of operations for the three and six months ended June 30, 2019 and 2018 and the cash flows for the six months ended June 30, 2019 and 2018. The condensed consolidated balance sheet as of December 31, 2018 has been derived from the Company’s audited consolidated financial statements. Operating results for the three and six months ended June 30, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019. Certain information and disclosures normally included in the notes to annual financial statements prepared in accordance with GAAP have been omitted from these interim financial statements pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Accordingly, these unaudited condensed consolidated financial statements should be read in conjunction with the financial statements for the fiscal year ended December 31, 2018, which are included in the Company’s 2018 Annual Report on Form 10-K filed with the SEC.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 3—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the periods reported. Actual results may differ from those estimates. Additionally, ISG has to determine the nature and timing of the satisfaction of performance obligations, the standalone selling price (“SSP”) of certain performance obligations, among other judgments associated with revenue recognition. Numerous internal and external factors can affect estimates. Estimates are also used for (but not limited to): allowance for doubtful accounts; useful lives of furniture, fixtures and equipment and definite-lived intangible assets; depreciation expense; fair value assumptions in analyzing goodwill and other long-lived assets for impairment; income taxes and deferred tax asset valuation; and the valuation of stock-based compensation. Restricted Cash Restricted cash consists of cash and cash equivalents which the Company has committed for rent deposits. Fair Value The carrying value of the Company’s cash and cash equivalents, restricted cash, receivables, accounts payable, other current liabilities, and accrued interest approximated their fair values at June 30, 2019 and December 31, 2018 due to the short-term nature of these accounts. Fair value measurements were applied with respect to our nonfinancial assets and liabilities measured on a nonrecurring basis, which would consist of measurements primarily to contingent consideration in a business combination. Fair value is the price that would be received upon a sale of an asset or paid upon a transfer of a liability in an orderly transaction between market participants at the measurement date (exit price). Market participants can use market data or assumptions in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market-corroborated, or generally unobservable. The use of unobservable inputs is intended to allow for fair value determinations in situations where there is little, if any, market activity for the asset or liability at the measurement date. Under the fair-value hierarchy: · Level 1 measurements include unadjusted quoted market prices for identical assets or liabilities in an active market; · Level 2 measurements include quoted market prices for identical assets or liabilities in an active market that have been adjusted for items such as effects of restrictions for transferability and those that are not quoted but are observable through corroboration with observable market data, including quoted market prices for similar assets; and · Level 3 measurements include those that are unobservable and of a highly subjective measure. The following tables summarize assets and liabilities measured at fair value on a recurring basis at the dates indicated: Basis of Fair Value Measurements June 30, 2019 Level 1 Level 2 Level 3 Total Assets: Cash equivalents $ 17 $ — $ — $ 17 Total $ 17 $ — $ — $ 17 Liabilities: Contingent consideration (1) $ — $ — $ — $ — Total $ — $ — $ — $ — Basis of Fair Value Measurements December 31, 2018 Level 1 Level 2 Level 3 Total Assets: Cash equivalents $ 315 $ — $ — $ 315 Total $ 315 $ — $ — $ 315 Liabilities: Contingent consideration (1) $ — $ — $ 1,703 $ 1,703 Total $ — $ — $ 1,703 $ 1,703 (1) Contingent consideration is included in “Accrued expenses and other current liabilities.” The fair value measurement of this contingent consideration is classified within Level 3 of the fair value hierarchy and reflects the Company’s own assumptions in measuring fair values using the income approach. In developing these estimates, the Company considered certain performance projections, historical results, and industry trends. This amount was estimated through a valuation model that incorporated probability-weighted assumptions related to the achievement of these milestones and the likelihood of the Company making payments. These cash outflow projections have then been discounted using a rate ranging from 14.5% to 28.5%. The following table represents the change in the contingent consideration liability during the six months ended June 30, 2019 and 2018: Six Months Ended June 30, 2019 2018 Beginning Balance $ 1,703 $ 3,698 Payment of contingent consideration (1,730) (2,401) Accretion of contingent consideration 30 1,074 Unrealized (loss) gain related to currency translation (3) 3 Ending Balance $ — $ 2,374 The Company’s financial instruments include outstanding borrowings of $97.0 million at June 30, 2019 and $99.1 million at December 31, 2018, which are carried at amortized cost. The fair value of debt is classified within Level 3 of the fair value hierarchy. The fair value of the Company's outstanding borrowings is approximately $96.8 million and $98.9 million at June 30, 2019 and December 31, 2018, respectively. The fair values of debt have been estimated using a discounted cash flow analysis based on the Company's incremental borrowing rate for similar borrowing arrangements. The incremental borrowing rate used to discount future cash flows ranged from 5.57% to 5.65%. The Company also considered recent transactions of peer group companies for similar instruments with comparable terms and maturities as well as an analysis of current market conditions. Recently Issued Accounting Pronouncements In August 2018, the Financial Accounting Standards Board (“FASB”) issued an update that modifies the disclosure requirements for fair value measurements by removing, modifying or adding disclosures. The guidance is effective for fiscal year beginning after December 15, 2019 and early adoption is permitted. Certain disclosures in the update are applied retrospectively, while others are applied prospectively. The Company is currently evaluating the potential impact of adopting this guidance on its financial statements. In September 2018, the FASB issued new guidance which requires a customer in a cloud computing arrangement to determine which implementation costs to capitalize as assets or expense as incurred. Under the new guidance, capitalized implementation costs related to a hosting arrangement that is a service contract will be amortized over the term of the hosting arrangement, beginning when the module or component of the hosting arrangement is ready for its intended use. This update is effective for annual periods beginning after December 15, 2019, and interim periods within those periods, and early adoption is permitted. The Company is currently evaluating the potential impact of adopting this guidance on its financial statements. In November 2018, the FASB issued guidance to clarify that certain transactions between parties to collaborative arrangements should be accounted for in accordance with FASB revenue guidance when the counterparty is a customer. This guidance also prohibits the presentation of collaborative arrangements as revenues from contracts with customers if the counterparty is not a customer. This guidance, which is required to be applied retrospectively and is effective for interim and annual periods beginning after December 15, 2019, with early adoption permitted, is not expected to have an impact on the Company’s consolidated financial statement. In June 2016, the FASB issued new guidance on the measurement of credit losses for financial assets measured at amortized cost, which includes accounts receivable, and available-for-sale debt securities. The new guidance replaces the existing incurred loss impairment model with an expected loss methodology, which will result in more timely recognition of credit losses. This update is effective for annual periods beginning after December 15, 2019, including interim periods within those annual periods. Early adoption is permitted for annual periods beginning after December 15, 2018, including interim periods within those annual periods. At its July 17th meeting, the FASB voted to propose a deferral of the effective date of this guidance to smaller reporting companies to fiscal years beginning after December 15, 2022. The FASB expects to issue the final amendments by December 31, 2019. The Company is currently evaluating the potential impact of adopting this guidance on its financial statements.

REVENUE

REVENUE	6 Months Ended
	Jun. 30, 2019
REVENUE
REVENUE	NOTE 4—REVENUE The majority of our revenue is derived from contracts that can span from a few months to several years. We enter into contracts that can include various combinations of services and products, which, depending on contract type, are sometimes capable of being distinct. If services are determined to be distinct, they are accounted for as separate performance obligations. A performance obligation is a promise in a contract to transfer a distinct good or service to the client and is the unit of account. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. The majority of our contracts have a single performance obligation as the promise to transfer the individual services is not separately identifiable from other promises in the contracts and, therefore, not distinct. For contracts with multiple performance obligations, including our managed service implementation and software and implementation contract types, the Company allocates the transaction price to each performance obligation using our best estimate of the standalone selling price, or SSP, of each distinct good or service in the contract. As of June 30, 2019, the Company had $86.7 million of remaining performance obligations, the majority of which are expected to be satisfied within the next year. We used practical expedients permitted by the standard when applicable. These practical expedients included: · applying the new guidance only to contracts that are not completed as of January 1, 2018; · expensing the incremental costs to obtain a contract as incurred when the expected amortization period is one year or less; and · presenting all revenue net of any related sales tax. Our contracts may include promises to transfer multiple services and products to a client. Determining whether services and products are considered distinct performance obligations that should be accounted for separately versus together may require judgment. Estimates were required to determine the SSP for each distinct performance obligation identified within our managed service implementation contracts, software and implementation contracts, and research and subscription contracts. Contract Balances The timing of revenue recognition, billings, and cash collections results in billed accounts receivables, unbilled receivables (contract assets), and customer advances and deposits (contract liabilities). Our clients are billed based on the type of arrangement. A portion of our services is billed monthly based on hourly or daily rates. There are also client engagements in which we bill a fixed amount for our services. This may be one single amount covering the whole engagement or several amounts for various phases, functions, or milestones. Generally, billing occurs subsequent to revenue recognition, resulting in contract assets. However, we sometimes receive advances or deposits before revenue is recognized, resulting in contract liabilities. These assets and liabilities are reported on the consolidated balance sheet at the end of each reporting period. See the table below for a breakdown of contract assets and contract liabilities. June 30, December 31, 2019 2018 Contract assets $ 38,665 $ 22,878 Contract liabilities $ 3,576 $ 6,187 Revenue recognized for the three months ended June 30, 2019 that was included in the contract liability balance at April 1, 2019 was $2.5 million and represented primarily revenue from our research and subscription contracts. Revenue recognized for the six months ended June 30, 2019 that was included in the contract liability balance at January 1, 2019 was $5.7 million and represented primarily revenue from our research and subscription contracts. Disaggregation of Revenue The following table presents our revenue disaggregated by geographic area for the three and six months ended June 30, 2019 and 2018. Three Months Ended Six Months Ended June 30, June 30, Geographic area 2019 2018 2019 2018 Americas $ 40,256 $ 40,831 $ 78,485 $ 82,507 Europe 22,800 24,047 45,004 45,801 Asia Pacific 4,272 6,148 8,630 11,595 $ 67,328 $ 71,026 $ 132,119 $ 139,903

LEASES

LEASES	6 Months Ended
	Jun. 30, 2019
LEASES
LEASES	NOTE 5—LEASES In February 2016, the FASB issued Accounting Standards Update No. 2016-02, “Leases” (Topic 842) (“ASC 842”). ASC 842 requires companies to recognize on the balance sheet operating and financing lease liabilities and corresponding right-of-use assets. We adopted ASC 842 using the effective date of January 1, 2019 as the date of our initial application of the standard. Consequently, financial information for the comparative periods will not be updated. The Company determines if a contract is, or contains, a lease at contract inception. The Company elected the package of practical expedients for leases that commenced prior to January 1, 2019 and will not reassess: (i) whether any expired or existing contracts are or contain leases; (ii) lease classification for any expired or existing leases; and (iii) initial direct costs capitalization for any existing leases. The Company elected upon adoption, including the use of hindsight in assessing factors that impact determination of the lease term, such as the likelihood that any renewal or purchase options are exercised. The Company elected to make an accounting policy election to keep leases with an initial term of 12 months or less off the balance sheet. The Company also elected not to separate non-lease components from lease components and instead to account for each separate lease component and the non-lease components associated with that lease component as a single lease component. The Company will recognize those lease payments in the consolidated statements of income on a straight-line basis over the lease term. As most of the Company’s leases do not provide an implicit rate, the Company uses its incremental bowing rate based on the information available at the commencement date in determining the present value of the lease payments. The Company leases its office space and office equipment under long-term operating lease agreements which expire at various dates through August 2026, some of which include options to extend the leases for up to 3 years, and some of which included options to terminate the leases within 1 year. Under the operating leases, the Company pays certain operating expenses relating to the office equipment and leased property. The components of lease expense were as follows: Three Months Ended Six Months Ended June 30, June 30, 2019 2019 Lease cost Operating lease cost $ 1,012 $ 1,801 Finance lease cost: Amortization of right-of-use assets 4 4 Interest on lease liabilities 1 1 Short-term lease cost 9 11 Variable lease cost 41 120 Sublease income (61) (122) Total lease cost $ 1,006 $ 1,815 Supplemental cash flow information related to leases was as follows Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 3 $ 3 Operating cash flows from operating leases $ 796 $ 1,809 Financing cash flows from finance leases $ 1 $ 1 Supplemental balance sheet information related to leases was as follows: (In thousands, except lease term and discount rate) June 30, 2019 Operating leases Operating lease right-of-use assets $ 7,525 Current operating lease liabilities (1) $ 3,116 Non-current operating lease liabilities 6,015 Total operating lease liabilities $ 9,131 Finance leases Finance lease right-of-use assets $ 63 Current finance lease liabilities (1) $ 24 Non-current finance lease liabilities 39 Total finance lease liabilities $ 63 Weighted average remaining lease term (in years) Operating leases 4.4 Finance leases 2.8 Weighted average discount rate Operating leases Finance leases (1) Current lease liabilities are included in “Accrued expenses and other current liabilities.” Maturities of lease liabilities were as follows: Operating Finance Leases Leases Year Ending December 31, 2019 (excluding the six months ended June 30, 2019) $ 1,704 $ 13 2020 3,048 25 2021 2,071 25 2022 1,343 8 2023 938 — Thereafter 1,778 — Total lease payments 10,882 71 Less imputed interest (1,751) (8) Total $ 9,131 $ 63 The minimum rental commitments under non-cancelable operating leases under ASC 840 as disclosed in our 2018 Annual Report, with initial or remaining terms of one year or more consist of the following at December 31, 2018: Operating Leases 2019 $ 3,034 2020 2,654 2021 1,808 2022 1,218 2023 925 Thereafter 1,795 Total minimum lease payments $ 11,434

NET INCOME PER COMMON SHARE

NET INCOME PER COMMON SHARE	6 Months Ended
	Jun. 30, 2019
NET INCOME PER COMMON SHARE
NET INCOME PER COMMON SHARE	NOTE 6—NET INCOME PER COMMON SHARE Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that would share in the net income of the Company. For the three and six months ended June 30, 2019, 1.2 million and 6.0 million restricted shares have not been considered in the diluted earnings per share calculation, as the effect would be anti-dilutive, respectively. The following tables set forth the computation of basic and diluted earnings per share: Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Basic: Net income (loss) $ 414 $ 2,362 $ (484) $ 2,526 Weighted average common shares 46,880 44,655 46,344 44,180 Earnings (loss) per share $ 0.01 $ 0.05 $ (0.01) $ 0.06 Diluted: Net income (loss) $ 414 $ 2,362 $ (484) $ 2,526 Basic weighted average common shares 46,880 44,655 46,344 44,180 Potential common shares 521 1,431 — 1,793 Diluted weighted average common shares 47,401 46,086 46,344 45,973 Diluted earnings (loss) per share $ 0.01 $ 0.05 $ (0.01) $ 0.05

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2019
INCOME TAXES
INCOME TAXES	NOTE 7—INCOME TAXES The Company’s effective tax rate for the three and six months ended June 30, 2019 was 76.4% and 2.0% based on pretax income of $1.8 million and pretax loss of $(0.5) million, respectively. The Company’s effective tax rate for the quarter was impacted by foreign rate differentials and the Company's inability to fully utilize foreign tax credits in the U.S. The effective tax rate was 6.4% and 4.1% for the three and six months ended June 30, 2018, respectively. The difference was primarily due to the impact of earnings and losses in certain foreign jurisdiction.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2019
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 8—COMMITMENTS AND CONTINGENCIES The Company is subject to contingencies which arise through the ordinary course of business. All material liabilities of which management were aware are properly reflected in the financial statements at June 30, 2019 and December 31, 2018. Experton Contingent Consideration The Company paid the remaining $0.3 million in the second quarter of 2019 related to 2018 performance, of which 50% was paid with shares of ISG common stock. TracePoint Contingent Consideration The Company paid the remaining $1.5 million in the second quarter of 2019 related to 2018 performance, of which 50% was paid with shares of ISG common stock.

SEGMENT AND GEOGRAPHICAL INFORM

SEGMENT AND GEOGRAPHICAL INFORMATION	6 Months Ended
	Jun. 30, 2019
SEGMENT AND GEOGRAPHICAL INFORMATION
SEGMENT AND GEOGRAPHICAL INFORMATION	NOTE 9—SEGMENT AND GEOGRAPHICAL INFORMATION The Company operates as one reportable segment consisting primarily of fact-based sourcing advisory services. The Company operates principally in the Americas, Europe and Asia Pacific. Geographical revenue information for the segment is as follows: Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Revenues Americas $ 40,256 $ 40,831 $ 78,485 $ 82,507 Europe 22,800 24,047 45,004 45,801 Asia Pacific 4,272 6,148 8,630 11,595 $ 67,328 $ 71,026 $ 132,119 $ 139,903 The segregation of revenues by geographic region is based upon the location of the legal entity performing the services. The Company does not measure or monitor gross profit or operating income by geography or by service line for the purposes of making operating decisions or allocating resources.

FINANCING ARRANGEMENTS AND LONG

FINANCING ARRANGEMENTS AND LONG-TERM DEBT	6 Months Ended
	Jun. 30, 2019
FINANCING ARRANGEMENTS AND LONG-TERM DEBT
FINANCING ARRANGEMENTS AND LONG-TERM DEBT	NOTE 10—FINANCING ARRANGEMENTS AND LONG-TERM DEBT On December 1, 2016, the Company amended and restated its senior secured credit facility to include a $110.0 million term facility and a $30.0 million revolving facility (the “2016 Credit Agreement”). The material terms under the 2016 Credit Agreement are as follows:  Each of the term loan facility and revolving credit facility has a maturity date of December 1, 2021 (the “Maturity Date”).  The credit facility is secured by all of the equity interests owned by the Company, and its direct and indirect domestic subsidiaries and, subject to agreed exceptions, the Company’s direct and indirect “first-tier” foreign subsidiaries and a perfected first priority security interest in all of the Company’s and its direct and indirect domestic subsidiaries’ tangible and intangible assets.  The Company’s direct and indirect existing and future wholly-owned domestic subsidiaries serve as guarantors to the Company’s obligations under the senior secured facility.  At the Company’s option, the credit facility bears interest at a rate per annum equal to either (i) the “Base Rate” (which is the highest of (a) the rate publicly announced from time to time by the administrative agent as its “prime rate”, (b) the Federal Funds Rate plus 0.5% per annum and (c) the Eurodollar Rate, plus 1.0%), plus the applicable margin (as defined below) or (ii) Eurodollar Rate (adjusted for maximum reserves) as determined by the Administrative Agent, plus the applicable margin. The applicable margin is adjusted quarterly based upon the Company’s quarterly leverage ratio.  The Term Loan is repayable in four consecutive quarterly installments of $1,375,000 each, that commenced March 31, 2017, followed by eight consecutive quarterly installments in the amount of $2,062,500 each, that commenced March 31, 2018, followed by seven consecutive quarterly installments of $2,750,000 each, commencing March 31, 2020 and a final payment of the outstanding principal amount of the Term Loan on the Maturity Date.  Mandatory repayments of term loans shall be required from (subject to agreed exceptions) (i) 100% of the proceeds from asset sales by the Company and its subsidiaries, (ii) 100% of the net proceeds from issuances of debt and equity by the Company and its subsidiaries and (iii) 100% of the net proceeds from insurance recovery and condemnation events of the Company and its subsidiaries.  The senior secured credit facility contains a number of covenants that, among other things, place restrictions on matters customarily restricted in senior secured credit facilities, including restrictions on indebtedness (including guarantee obligations), liens, fundamental changes, sales or disposition of property or assets, investments (including loans, advances, guarantees and acquisitions), transactions with affiliates, dividends and other payments in respect of capital stock, optional payments and modifications of other material debt instruments, negative pledges and agreements restricting subsidiary distributions and changes in line of business. In addition, the Company is required to comply with a total leverage ratio and fixed charge coverage ratio. · The senior secured credit facility contains customary events of default, including cross-default to other material agreements, judgment default and change of control. On February 10, 2017, as required by the 2016 Credit Agreement, the Company entered into an agreement to cap the interest rate at 4% on the LIBOR component of its borrowings under the term loan facility until December 31, 2019. This interest rate cap was not designated for hedging or speculative purposes. The expense related to this interest rate cap was not material. During the three months ended June 30, 2019, the Company received $3.5 million proceeds from a draw on the revolving credit facility for general corporate purposes. Such amount is not due until the Maturity Date of the Term Loan and is, therefore, included within Long-term debt, net of current maturities, on the condensed consolidated balance sheet as of June 30, 2019. As of June 30, 2019, the total principal outstanding under the term loan facility and revolving credit facility was $91.0 million and $6.0 million, respectively. The effective interest rate for the term loan facility and revolving credit facility as of June 30, 2019 was 5.6% and 5.7%, respectively.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the periods reported. Actual results may differ from those estimates. Additionally, ISG has to determine the nature and timing of the satisfaction of performance obligations, the standalone selling price (“SSP”) of certain performance obligations, among other judgments associated with revenue recognition. Numerous internal and external factors can affect estimates. Estimates are also used for (but not limited to): allowance for doubtful accounts; useful lives of furniture, fixtures and equipment and definite-lived intangible assets; depreciation expense; fair value assumptions in analyzing goodwill and other long-lived assets for impairment; income taxes and deferred tax asset valuation; and the valuation of stock-based compensation.
Restricted Cash	Restricted Cash Restricted cash consists of cash and cash equivalents which the Company has committed for rent deposits.
Fair Value	Fair Value The carrying value of the Company’s cash and cash equivalents, restricted cash, receivables, accounts payable, other current liabilities, and accrued interest approximated their fair values at June 30, 2019 and December 31, 2018 due to the short-term nature of these accounts. Fair value measurements were applied with respect to our nonfinancial assets and liabilities measured on a nonrecurring basis, which would consist of measurements primarily to contingent consideration in a business combination. Fair value is the price that would be received upon a sale of an asset or paid upon a transfer of a liability in an orderly transaction between market participants at the measurement date (exit price). Market participants can use market data or assumptions in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market-corroborated, or generally unobservable. The use of unobservable inputs is intended to allow for fair value determinations in situations where there is little, if any, market activity for the asset or liability at the measurement date. Under the fair-value hierarchy: · Level 1 measurements include unadjusted quoted market prices for identical assets or liabilities in an active market; · Level 2 measurements include quoted market prices for identical assets or liabilities in an active market that have been adjusted for items such as effects of restrictions for transferability and those that are not quoted but are observable through corroboration with observable market data, including quoted market prices for similar assets; and · Level 3 measurements include those that are unobservable and of a highly subjective measure. The following tables summarize assets and liabilities measured at fair value on a recurring basis at the dates indicated: Basis of Fair Value Measurements June 30, 2019 Level 1 Level 2 Level 3 Total Assets: Cash equivalents $ 17 $ — $ — $ 17 Total $ 17 $ — $ — $ 17 Liabilities: Contingent consideration (1) $ — $ — $ — $ — Total $ — $ — $ — $ — Basis of Fair Value Measurements December 31, 2018 Level 1 Level 2 Level 3 Total Assets: Cash equivalents $ 315 $ — $ — $ 315 Total $ 315 $ — $ — $ 315 Liabilities: Contingent consideration (1) $ — $ — $ 1,703 $ 1,703 Total $ — $ — $ 1,703 $ 1,703 (1) Contingent consideration is included in “Accrued expenses and other current liabilities.” The fair value measurement of this contingent consideration is classified within Level 3 of the fair value hierarchy and reflects the Company’s own assumptions in measuring fair values using the income approach. In developing these estimates, the Company considered certain performance projections, historical results, and industry trends. This amount was estimated through a valuation model that incorporated probability-weighted assumptions related to the achievement of these milestones and the likelihood of the Company making payments. These cash outflow projections have then been discounted using a rate ranging from 14.5% to 28.5%. The following table represents the change in the contingent consideration liability during the six months ended June 30, 2019 and 2018: Six Months Ended June 30, 2019 2018 Beginning Balance $ 1,703 $ 3,698 Payment of contingent consideration (1,730) (2,401) Accretion of contingent consideration 30 1,074 Unrealized (loss) gain related to currency translation (3) 3 Ending Balance $ — $ 2,374 The Company’s financial instruments include outstanding borrowings of $97.0 million at June 30, 2019 and $99.1 million at December 31, 2018, which are carried at amortized cost. The fair value of debt is classified within Level 3 of the fair value hierarchy. The fair value of the Company's outstanding borrowings is approximately $96.8 million and $98.9 million at June 30, 2019 and December 31, 2018, respectively. The fair values of debt have been estimated using a discounted cash flow analysis based on the Company's incremental borrowing rate for similar borrowing arrangements. The incremental borrowing rate used to discount future cash flows ranged from 5.57% to 5.65%. The Company also considered recent transactions of peer group companies for similar instruments with comparable terms and maturities as well as an analysis of current market conditions.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In August 2018, the Financial Accounting Standards Board (“FASB”) issued an update that modifies the disclosure requirements for fair value measurements by removing, modifying or adding disclosures. The guidance is effective for fiscal year beginning after December 15, 2019 and early adoption is permitted. Certain disclosures in the update are applied retrospectively, while others are applied prospectively. The Company is currently evaluating the potential impact of adopting this guidance on its financial statements. In September 2018, the FASB issued new guidance which requires a customer in a cloud computing arrangement to determine which implementation costs to capitalize as assets or expense as incurred. Under the new guidance, capitalized implementation costs related to a hosting arrangement that is a service contract will be amortized over the term of the hosting arrangement, beginning when the module or component of the hosting arrangement is ready for its intended use. This update is effective for annual periods beginning after December 15, 2019, and interim periods within those periods, and early adoption is permitted. The Company is currently evaluating the potential impact of adopting this guidance on its financial statements. In November 2018, the FASB issued guidance to clarify that certain transactions between parties to collaborative arrangements should be accounted for in accordance with FASB revenue guidance when the counterparty is a customer. This guidance also prohibits the presentation of collaborative arrangements as revenues from contracts with customers if the counterparty is not a customer. This guidance, which is required to be applied retrospectively and is effective for interim and annual periods beginning after December 15, 2019, with early adoption permitted, is not expected to have an impact on the Company’s consolidated financial statement. In June 2016, the FASB issued new guidance on the measurement of credit losses for financial assets measured at amortized cost, which includes accounts receivable, and available-for-sale debt securities. The new guidance replaces the existing incurred loss impairment model with an expected loss methodology, which will result in more timely recognition of credit losses. This update is effective for annual periods beginning after December 15, 2019, including interim periods within those annual periods. Early adoption is permitted for annual periods beginning after December 15, 2018, including interim periods within those annual periods. At its July 17th meeting, the FASB voted to propose a deferral of the effective date of this guidance to smaller reporting companies to fiscal years beginning after December 15, 2022. The FASB expects to issue the final amendments by December 31, 2019. The Company is currently evaluating the potential impact of adopting this guidance on its financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Summary of assets and liabilities measured at fair value on a recurring basis	Basis of Fair Value Measurements June 30, 2019 Level 1 Level 2 Level 3 Total Assets: Cash equivalents $ 17 $ — $ — $ 17 Total $ 17 $ — $ — $ 17 Liabilities: Contingent consideration (1) $ — $ — $ — $ — Total $ — $ — $ — $ — Basis of Fair Value Measurements December 31, 2018 Level 1 Level 2 Level 3 Total Assets: Cash equivalents $ 315 $ — $ — $ 315 Total $ 315 $ — $ — $ 315 Liabilities: Contingent consideration (1) $ — $ — $ 1,703 $ 1,703 Total $ — $ — $ 1,703 $ 1,703 (1) Contingent consideration is included in “Accrued expenses and other current liabilities.”
Schedule of change in the contingent consideration liability	Six Months Ended June 30, 2019 2018 Beginning Balance $ 1,703 $ 3,698 Payment of contingent consideration (1,730) (2,401) Accretion of contingent consideration 30 1,074 Unrealized (loss) gain related to currency translation (3) 3 Ending Balance $ — $ 2,374

REVENUE (Tables)

REVENUE (Tables)	6 Months Ended
	Jun. 30, 2019
REVENUE
Schedule of contract assets and contract liabilities	June 30, December 31, 2019 2018 Contract assets $ 38,665 $ 22,878 Contract liabilities $ 3,576 $ 6,187
Schedule of revenue disaggregated by geographic area	Three Months Ended Six Months Ended June 30, June 30, Geographic area 2019 2018 2019 2018 Americas $ 40,256 $ 40,831 $ 78,485 $ 82,507 Europe 22,800 24,047 45,004 45,801 Asia Pacific 4,272 6,148 8,630 11,595 $ 67,328 $ 71,026 $ 132,119 $ 139,903

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 30, 2019
LEASES
Schedule of components of lease expense	Three Months Ended Six Months Ended June 30, June 30, 2019 2019 Lease cost Operating lease cost $ 1,012 $ 1,801 Finance lease cost: Amortization of right-of-use assets 4 4 Interest on lease liabilities 1 1 Short-term lease cost 9 11 Variable lease cost 41 120 Sublease income (61) (122) Total lease cost $ 1,006 $ 1,815 Supplemental cash flow information related to leases was as follows Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 3 $ 3 Operating cash flows from operating leases $ 796 $ 1,809 Financing cash flows from finance leases $ 1 $ 1
Schedule of supplemental balance sheet information related to leases	(In thousands, except lease term and discount rate) June 30, 2019 Operating leases Operating lease right-of-use assets $ 7,525 Current operating lease liabilities (1) $ 3,116 Non-current operating lease liabilities 6,015 Total operating lease liabilities $ 9,131 Finance leases Finance lease right-of-use assets $ 63 Current finance lease liabilities (1) $ 24 Non-current finance lease liabilities 39 Total finance lease liabilities $ 63 Weighted average remaining lease term (in years) Operating leases 4.4 Finance leases 2.8 Weighted average discount rate Operating leases Finance leases (1) Current lease liabilities are included in “Accrued expenses and other current liabilities.”
Schedule of maturities of lease liabilities	Operating Finance Leases Leases Year Ending December 31, 2019 (excluding the six months ended June 30, 2019) $ 1,704 $ 13 2020 3,048 25 2021 2,071 25 2022 1,343 8 2023 938 — Thereafter 1,778 — Total lease payments 10,882 71 Less imputed interest (1,751) (8) Total $ 9,131 $ 63
Schedule of maturities of lease liabilities	Operating Finance Leases Leases Year Ending December 31, 2019 (excluding the six months ended June 30, 2019) $ 1,704 $ 13 2020 3,048 25 2021 2,071 25 2022 1,343 8 2023 938 — Thereafter 1,778 — Total lease payments 10,882 71 Less imputed interest (1,751) (8) Total $ 9,131 $ 63
Schedule of minimum rental commitments under non-cancelable operating leases under ASC 840	Operating Leases 2019 $ 3,034 2020 2,654 2021 1,808 2022 1,218 2023 925 Thereafter 1,795 Total minimum lease payments $ 11,434

NET INCOME PER COMMON SHARE (Ta

NET INCOME PER COMMON SHARE (Tables)	6 Months Ended
	Jun. 30, 2019
NET INCOME PER COMMON SHARE
Schedule of computation of basic and diluted earnings per share	Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Basic: Net income (loss) $ 414 $ 2,362 $ (484) $ 2,526 Weighted average common shares 46,880 44,655 46,344 44,180 Earnings (loss) per share $ 0.01 $ 0.05 $ (0.01) $ 0.06 Diluted: Net income (loss) $ 414 $ 2,362 $ (484) $ 2,526 Basic weighted average common shares 46,880 44,655 46,344 44,180 Potential common shares 521 1,431 — 1,793 Diluted weighted average common shares 47,401 46,086 46,344 45,973 Diluted earnings (loss) per share $ 0.01 $ 0.05 $ (0.01) $ 0.05

SEGMENT AND GEOGRAPHICAL INFO_2

SEGMENT AND GEOGRAPHICAL INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2019
SEGMENT AND GEOGRAPHICAL INFORMATION
Schedule of geographical revenue information for the segment	Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Revenues Americas $ 40,256 $ 40,831 $ 78,485 $ 82,507 Europe 22,800 24,047 45,004 45,801 Asia Pacific 4,272 6,148 8,630 11,595 $ 67,328 $ 71,026 $ 132,119 $ 139,903

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Fair Value (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)item	Jun. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Liabilities:
Contingent consideration	$ 1,703	$ 3,698	$ 1,703
Change in the contingent consideration liability
Beginning Balance	1,703	3,698
Payment of contingent consideration	(1,730)	(2,401)
Accretion of contingent consideration	30	1,074
Unrealized (loss) gain related to currency translation	(3)	3
Ending Balance		$ 2,374
Outstanding borrowings	97,000		99,100
Fair value of outstanding borrowing	$ 96,800		98,900
Minimum
Change in the contingent consideration liability
Incremental borrowing rate used to discount future cash flows from financial instruments (as a percent)	5.57%
Maximum
Change in the contingent consideration liability
Incremental borrowing rate used to discount future cash flows from financial instruments (as a percent)	5.65%
Discount rate | Minimum
Liabilities:
Contingent consideration, measurement input | item	0.145
Discount rate | Maximum
Liabilities:
Contingent consideration, measurement input | item	0.285
Recurring
Assets:
Cash equivalents	$ 17		315
Total	17		315
Liabilities:
Contingent Consideration Classified as Equity, Fair Value Disclosure			1,703
Total			1,703
Recurring | Fair Value Inputs Level1 [Member]
Assets:
Cash equivalents	17		315
Total	$ 17		315
Recurring | Fair Value Inputs Level3 [Member]
Liabilities:
Contingent Consideration Classified as Equity, Fair Value Disclosure			1,703
Total			$ 1,703

REVENUE - Narrative (Details)

REVENUE - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)
REVENUE
Practical expedient incremental costs to obtain a contract	true
Remaining performance obligations	$ 86.7

REVENUE - Contract Balances (De

REVENUE - Contract Balances (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019	Dec. 31, 2018
REVENUE
Contract assets	$ 38,665	$ 38,665	$ 22,878
Contract liabilities	3,576	3,576	$ 6,187
Revenue recognized, included in contract liability balance	$ 2,500	$ 5,700

REVENUE - Disaggregation of Rev

REVENUE - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenue
Revenues	$ 67,328	$ 71,026	$ 132,119	$ 139,903
Americas
Revenue
Revenues	40,256	40,831	78,485	82,507
Europe
Revenue
Revenues	22,800	24,047	45,004	45,801
Asia Pacific
Revenue
Revenues	$ 4,272	$ 6,148	$ 8,630	$ 11,595

LEASES (Details)

LEASES (Details)	6 Months Ended
	Jun. 30, 2019
Lessee, Lease, Description [Line Items]
Package of practical expedients	true
Use of hindsight	false
Options to extend the leases	True
Options to terminate the leases	true
Maximum
Lessee, Lease, Description [Line Items]
Extended term	3 years
Term of options to terminate the leases	1 year

LEASES (Details) - Components o

LEASES (Details) - Components of lease expense - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Lease cost
Operating lease cost	$ 1,012	$ 1,801
Finance lease cost:
Amortization of right-of-use assets	4	4
Interest on lease liabilities	1	1
Short-term lease cost	9	11
Variable lease cost	41	120
Sublease income	(61)	(122)
Total lease cost	1,006	1,815
Supplemental cash flow information related to leases was as follows:
Operating cash flows from finance leases	3	3
Operating cash flows from operating leases	796	1,809
Financing cash flows from finance leases	$ 1	$ 1

LEASES (Details) - Supplemental

LEASES (Details) - Supplemental balance sheet information related to leases $ in Thousands	Jun. 30, 2019USD ($)
LEASES
Operating lease right-of-use assets	$ 7,525
Current operating lease liabilities	$ 3,116
Current operating lease liabilities, Statement of Financial Position	iii:AccruedExpensesAndOtherCurrentLiabilitiesMember
Non-current operating lease liabilities	$ 6,015
Total operating lease liabilities	9,131
Finance lease right-of-use assets	63
Current finance lease liabilities	24
Non-current finance lease liabilities	39
Total finance lease liabilities	$ 63
Weighted average remaining lease term (in years) - Operating leases	4 years 4 months 24 days
Weighted average remaining lease term (in years) - Finance leases	2 years 9 months 18 days
Weighted average discount rate (as a percentage) - Operating leases	7.70%
Weighted average discount rate (as a percentage) - Finance leases	7.90%

LEASES (Details) - Maturities o

LEASES (Details) - Maturities of lease liabilities and minimum rental commitments under non-cancelable operating leases under ASC 840 - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Maturities of lease liabilities - Operating Leases
2019 (excluding the six months ended June 30, 2019)	$ 1,704
2020	3,048
2021	2,071
2022	1,343
2023	938
Thereafter	1,778
Total lease payments	10,882
Less imputed interest	(1,751)
Total	9,131
Maturities of lease liabilities - Finance Leases
2019 (excluding the six months ended June 30, 2019)	13
2020	25
2021	25
2022	8
Total lease payments	71
Less imputed interest	(8)
Total	$ 63
Minimum rental commitments under non-cancelable operating leases under ASC 840
2019		$ 3,034
2020		2,654
2021		1,808
2022		1,218
2023		925
Thereafter		1,795
Total minimum lease payments		$ 11,434

NET INCOME PER COMMON SHARE - A

NET INCOME PER COMMON SHARE - Antidilutive Securities (Details) - shares shares in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Restricted shares
Antidilutive securities
Securities considered antidilutive (in shares)	1.2	6

NET INCOME PER COMMON SHARE - C

NET INCOME PER COMMON SHARE - Computation of basic and diluted earnings per share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Basic:
Net income (loss)	$ 414	$ 2,362	$ (484)	$ 2,526
Weighted average common shares	46,880	44,655	46,344	44,180
Earnings (loss) per share	$ 0.01	$ 0.05	$ (0.01)	$ 0.06
Diluted:
Net income (loss)	$ 414	$ 2,362	$ (484)	$ 2,526
Basic weighted average common shares	46,880	44,655	46,344	44,180
Potential common shares	521	1,431		1,793
Diluted weighted average common shares	47,401	46,086	46,344	45,973
Diluted earnings (loss) per share	$ 0.01	$ 0.05	$ (0.01)	$ 0.05

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
INCOME TAXES
Effective income tax rates (as a percent)	76.40%	6.40%	2.00%	4.10%
Pretax income	$ 1,753	$ 2,524	$ (494)	$ 2,633

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019	Jun. 30, 2018
Contingent Consideration
Contingent consideration paid		$ 1,730	$ 2,401
Experton
Contingent Consideration
Contingent consideration paid	$ 300
Percentage of contingent consideration made in shares of common stock	50.00%
TracePoint
Contingent Consideration
Contingent consideration paid	$ 1,500
Percentage of contingent consideration made in shares of common stock	50.00%

SEGMENT AND GEOGRAPHICAL INFO_3

SEGMENT AND GEOGRAPHICAL INFORMATION (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)segment	Jun. 30, 2018USD ($)
Segment and geographical information
Number of segments | segment			1
Revenues	$ 67,328	$ 71,026	$ 132,119	$ 139,903
Americas
Segment and geographical information
Revenues	40,256	40,831	78,485	82,507
Europe
Segment and geographical information
Revenues	22,800	24,047	45,004	45,801
Asia Pacific
Segment and geographical information
Revenues	$ 4,272	$ 6,148	$ 8,630	$ 11,595

FINANCING ARRANGEMENTS AND LO_2

FINANCING ARRANGEMENTS AND LONG-TERM DEBT (Details)	Dec. 01, 2016USD ($)	Mar. 31, 2020USD ($)installment	Jun. 30, 2019USD ($)	Mar. 31, 2018USD ($)installment	Mar. 31, 2017USD ($)installment	Jun. 30, 2019USD ($)	Feb. 10, 2017
FINANCING ARRANGEMENTS AND LONG-TERM DEBT
Proceeds from debt						$ 3,500,000
LIBOR
FINANCING ARRANGEMENTS AND LONG-TERM DEBT
Cap interest rate							4.00%
Senior secured credit facility | Federal Funds Rate
FINANCING ARRANGEMENTS AND LONG-TERM DEBT
Applicable margin (as a percent)	0.50%
Senior secured credit facility | Eurodollar Rate
FINANCING ARRANGEMENTS AND LONG-TERM DEBT
Applicable margin (as a percent)	1.00%
2016 Credit Agreement
FINANCING ARRANGEMENTS AND LONG-TERM DEBT
Percentage of proceeds from asset sales used for mandatory repayments of the debt	100.00%
Percentage of net proceeds from issuances of debt and equity used for mandatory repayments of the debt	100.00%
Percentage of net proceeds from insurance recovery and condemnation events used for mandatory repayments of the debt	100.00%
2016 Credit Agreement | Term loan facility
FINANCING ARRANGEMENTS AND LONG-TERM DEBT
Maximum borrowing capacity	$ 110,000,000
Number of quarterly installments | installment		7		8	4
Periodic repayment		$ 2,750,000		$ 2,062,500	$ 1,375,000
Total principal outstanding			$ 91,000,000			$ 91,000,000
Effective interest rate			5.60%			5.60%
2016 Credit Agreement | Revolving facility
FINANCING ARRANGEMENTS AND LONG-TERM DEBT
Maximum borrowing capacity	$ 30,000,000
Proceeds from debt			$ 3,500,000
Total principal outstanding			$ 6,000,000			$ 6,000,000
Effective interest rate			5.70%			5.70%