Mastech Digital (MHH) 10-Q31 Oct 142014 Q3 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
Document and Entity Information	Sep. 30, 2014	Oct. 24, 2014
Document And Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Trading Symbol	'MHH	'
Entity Registrant Name	'Mastech Holdings, Inc.	'
Entity Central Index Key	'0001437226	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	4,306,798

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Income Statement [Abstract]	'	'	'	'
Revenues	$28,634	$28,283	$84,974	$78,418
Cost of revenues	23,407	22,948	69,416	63,739
Gross profit	5,227	5,335	15,558	14,679
Selling, general and administrative expenses	3,788	3,659	11,306	10,902
Income from operations	1,439	1,676	4,252	3,777
Interest income (expense), net	-21	-23	-67	-77
Other income (expense), net	-12	-42	56	4
Income from continuing operations before income taxes	1,406	1,611	4,241	3,704
Income tax expense	527	612	1,600	1,396
Income from continuing operations	879	999	2,641	2,308
Income from discontinued operations net of tax expense of $0, $22, $0 and $68	'	39	'	94
Gain on sale of discontinued operations, net of tax expense of $0, $43, $0 and $43	'	442	'	442
Income from discontinued operations	'	481	'	536
Net income	$879	$1,480	$2,641	$2,844
Basic:	'	'	'	'
Continuing operations	$0.20	$0.24	$0.61	$0.55
Discontinued operations	'	$0.11	'	$0.13
Total	$0.20	$0.35	$0.61	$0.68
Diluted:	'	'	'	'
Continuing operations	$0.20	$0.23	$0.59	$0.54
Discontinued operations	'	$0.11	'	$0.12
Total	$0.20	$0.34	$0.59	$0.66
Weighted average common shares outstanding:	'	'	'	'
Basic	4,330	4,190	4,319	4,183
Diluted	4,464	4,320	4,461	4,301

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Operations (Parenthetical) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Income Statement [Abstract]	'	'	'	'
Income from discontinued operations, tax expense	$0	$22	$0	$68
Gain on sale of discontinued operations, tax expense	$0	$43	$0	$43

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Comprehensive Income (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Amounts Reclassified Out Of Accumulated Other Comprehensive Income Loss [Abstract]	'	'	'	'
Net income	$879	$1,480	$2,641	$2,844
Other comprehensive income (loss):	'	'	'	'
Net unrealized gain/(loss) on cash flow hedges	-51	20	-16	-75
Income tax expense (benefit)	-20	8	-6	-29
Total other comprehensive income (loss), net of taxes	-31	12	-10	-46
Total comprehensive income	$848	$1,492	$2,631	$2,798

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Current assets:	'	'
Cash and cash equivalents	$2,548	$424
Accounts receivable, net of allowance for uncollectible accounts of $260 in 2014 and $358 in 2013	11,315	10,707
Unbilled receivables	4,459	4,304
Prepaid and other current assets	940	822
Deferred income taxes	161	143
Total current assets	19,423	16,400
Equipment, enterprise software, and leasehold improvements, at cost:	'	'
Equipment	914	1,688
Enterprise software	549	723
Leasehold improvements	255	547
Total equipment, enterprise software, and leasehold improvements	1,718	2,958
Less - accumulated depreciation	-1,220	-2,784
Net equipment, enterprise software, and leasehold improvements	498	174
Deferred income taxes	197	248
Deferred financing costs, net	56	19
Non-current deposits	211	210
Total assets	20,385	17,051
Current liabilities:	'	'
Short-term borrowings	'	12
Accounts payable	1,478	2,026
Accrued payroll and related costs	6,245	5,202
Other accrued liabilities	296	304
Deferred revenue	175	47
Total current liabilities	8,194	7,591
Total liabilities	8,194	7,591
Commitments and contingent liabilities (Note 3)	'	'
Shareholders' equity:	'	'
Preferred Stock, no par value; 20,000,000 shares authorized; none outstanding	0	0
Common Stock, par value $.01; 125,000,000 shares authorized and 5,091,368 shares issued as of September 30, 2014 and 4,974,506 shares issued as of December 31, 2013	51	50
Additional paid-in-capital	12,686	11,924
Retained earnings	3,242	601
Accumulated other comprehensive income	6	16
Treasury stock, at cost; 784,570 shares as of September 30, 2014 and 732,958 as of December 31, 2013	-3,794	-3,131
Total shareholders' equity	12,191	9,460
Total liabilities and shareholders' equity	$20,385	$17,051

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]	'	'
Accounts receivable, allowance for uncollectible accounts	$260	$358
Preferred Stock, par value	$0	$0
Preferred Stock, shares authorized	20,000,000	20,000,000
Preferred Stock, shares outstanding	0	0
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	125,000,000	125,000,000
Common stock, shares issued	5,091,368	4,974,506
Treasury stock, shares	784,570	732,958

Condensed_Consolidated_Stateme3

Condensed Consolidated Statements of Cash Flows (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
OPERATING ACTIVITIES:	'	'
Net income	$2,641	$2,844
Adjustments to reconcile net income to net cash provided by (used in) operating activities of continuing operations:	'	'
(Net income) from discontinued operations, net of tax	'	-536
Depreciation and amortization	91	123
Interest amortization of deferred financing costs	23	21
Stock-based compensation expense	295	257
Deferred income taxes, net	9	-65
Loss on derivative contract	11	21
Loss on fixed asset retirements	8	1
Working capital items:	'	'
Accounts receivable and unbilled receivables	-829	-3,301
Prepaid and other current assets	-138	-265
Accounts payable	-530	644
Accrued payroll and related costs	1,043	2,016
Other accrued liabilities	33	-41
Deferred revenue	128	-125
Net cash flows provided by operating activities of continuing operations	2,785	1,594
Net cash flows provided by operating activities of discontinued operations	31	979
Net cash flows provided by operating activities	2,816	2,573
INVESTING ACTIVITIES:	'	'
(Payment for) recovery of non-current deposits	-1	14
Capital expenditures	-423	-78
Net cash flows (used in) investing activities of continuing operations	-424	-64
Net cash flows provided by investing activities of discontinued operations	'	996
Net cash flows provided by (used in) investing activities	-424	932
FINANCING ACTIVITIES:	'	'
Repayments of short-term borrowings, net	-12	-2,610
Payment of deferred financing costs	-60	'
Purchase of treasury stock	-663	-16
Proceeds from the exercise of stock options	13	16
Increase in excess tax benefits related to stock options/restricted shares, net	454	60
Net cash flows (used in) financing activities of continuing operations	-268	-2,550
Net cash flows (used in) financing activities of discontinued operations	'	'
Net cash flows (used in) financing activities	-268	-2,550
Net change in cash and cash equivalents	2,124	955
Cash and cash equivalents, beginning of period	424	659
Cash and cash equivalents, end of period	$2,548	$1,614

Description_of_Business_and_Ba

Description of Business and Basis of Presentation	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Description of Business and Basis of Presentation	'
	1	Description of Business and Basis of Presentation:
	References in this Quarterly Report on Form 10-Q to “we”, “our”, “Mastech” or “the Company” refer collectively to Mastech Holdings, Inc. and its wholly-owned operating subsidiaries, which are included in these Condensed Consolidated Financial Statements.
	Description of Business
	We are a provider of IT staffing services. Our IT staffing business combines technical expertise with business process experience to deliver a broad range of services within business intelligence / data warehousing; web services; enterprise resource planning & customer resource management; and eBusiness solutions. We work with businesses and institutions with significant IT spending and recurring staffing needs. We also support smaller organizations with their “project focused” temporary IT staffing requirements. Our services span a broad range of industry verticals including: automotive; consumer products; education; financial services; government; healthcare; manufacturing; retail; technology; telecommunications; transportation; and utilities.
	Basis of Presentation
	The accompanying Condensed Consolidated Financial Statements (the “Financial Statements”) have been prepared by management in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and applicable rules and regulations of the Securities and Exchange Commission (the “SEC”). Accordingly, they do not include all of the information and disclosures required by U.S. GAAP for complete consolidated financial statements. In the opinion of management, all adjustments, consisting principally of normal recurring adjustments considered necessary for a fair presentation, have been included. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and the accompanying notes. Actual results could differ from these estimates. These financial statements should be read in conjunction with the Company’s audited consolidated financial statements and accompanying notes for the year ended December 31, 2013, included in our Annual Report on Form 10-K filed with the SEC on March 21, 2014. Additionally, our operating results for the three and nine months ended September 30, 2014 are not necessarily indicative of the results that can be expected for the year ending December 31, 2014 or for any other period.
	Principles of Consolidation
	The Condensed Consolidated Financial Statements include the accounts of the Company and its wholly-owned subsidiaries. All material intercompany transactions and balances have been eliminated in consolidation.
	Critical Accounting Policies
	Please refer to Note 1 “Summary of Significant Accounting Policies” of the Consolidated Financial Statements and “Management’s Discussion and Analysis of Financial Condition and Results of Operations–Critical Accounting Policies” in our Annual Report on Form 10-K for the year ended December 31, 2013 for a more detailed discussion of our significant accounting policies and critical accounting estimates. There were no material changes to these critical accounting policies during the nine months ended September 30, 2014.
	Segment Reporting
	The Company has one reportable segment in accordance with ASC Topic 280 “Disclosures About Segments of an Enterprise and Related Information”.

Discontinued_Operations

Discontinued Operations	9 Months Ended
Discontinued Operations	Sep. 30, 2014
Discontinued Operations and Disposal Groups [Abstract]	'
Discontinued Operations	'
	2	Discontinued Operations

	In August 2013, the Company sold its healthcare staffing business to Accountable Healthcare Staffing, Inc. Under the terms of the Sales and Purchase Agreement the purchase price totaled $1.15 million and consisted of $1 million cash consideration at closing, plus the assumption of certain liabilities by the buyer. Total net assets sold excluded cash balances on hand, accounts receivables and other current assets which approximated $1.5 million, net of current liabilities retained by the Company, at the transaction date.



	The healthcare staffing business meets the criteria for being reported as a discontinued operation and has been segregated from continuing operations. Accordingly, the Condensed Consolidated Statements of Operations and Cash Flows for all periods presented have been recast to reflect the presentation of discontinued operations. Unless otherwise indicated, all disclosures in these Notes to Condensed Consolidated Financial Statements relate to the Company’s continuing operations.

	The carrying value of assets and liabilities of discontinued operations included in the September 30, 2014 and December 31, 2013 Condensed Consolidated Balance Sheets were as follows (in thousands):



			At				At
			September 30, 2014				December 31, 2013
	ASSETS:
	Accounts receivables		$	2			$	68
	Deferred income taxes			—				24
	Non-current deposits			19				19

	Total			21				111
	LIABILITIES:
	Accounts payable			5				23
	Other accrued liabilities			133				174

	Total			138				197

	TOTAL NET (LIABILITIES)		$	(117	)		$	(86	)


	The Condensed Statements of Operations of discontinued operations were as follows (in thousands):



			Three Months Ended							Nine Months Ended
			September 30,							September 30,
			2014				2013			2014		2013
	Revenues		$	—			$	1,253		$	—	$	7,058
	Costs of revenues			—				1,045			—		5,856

	Gross profit			—				208			—		1,202
	Selling, general and administrative expenses			—				147			—		1,040

	Income before income taxes			—				61			—		162
	Income tax expense			—				22			—		68

	Net income		$	—			$	39		$	—	$	94


	The August 2013 gain on the sale of the healthcare business was as follows (in thousands):



			Three Months Ended							Nine Months Ended
			September 30,							September 30,
			2014				2013			2014		2013
	Pretax gain on sale transaction		$	—			$	485		$	—	$	485
	Income tax expense			—				43			—		43

	Net gain		$	—			$	442		$	—	$	442


	Income tax expense on the sale transaction included the utilization of $147,000 of tax benefits (capital loss carry-forwards) which were previously deemed non-realizable by the Company.



The cash flows provided by (used in) discontinued operations were as follows (in thousands):



		Nine Months Ended
		September 30,
		2014				2013
OPERATING ACTIVITIES:
Net income from discontinued operations		$	—			$	536
Adjustments to reconcile net income to net cash provided by (used in) operating activities of discontinued operations:
Depreciation and amortization			—				16
Bad debt (credit) expense			—				(25	)
Stock-based compensation expense			—				(15	)
Deferred income taxes, net			24				(25	)
(Gain) on sale of discontinued operations, net of tax			—				(442	)
Working capital items:
Accounts receivable and unbilled receivables			66				1,291
Prepaid and other current assets			—				41
Accounts payable			(18	)			(89	)
Accrued payroll and related costs			—				(363	)
Other accrued liabilities			(41	)			54

Total cash provided by operating activities of discontinued operations			31				979
INVESTING ACTIVITIES:
(Payment for) recovery of non-current deposits			—				(10	)
Capital expenditures			—				(3	)
Proceeds from sale of discontinued operations			—				1,009

Total cash provided by investing activities of discontinued operations			—				996
FINANCING ACTIVITIES:
None			—				—

Total cash flow provided by discontinued operations		$	31			$	1,975

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	3	Commitments and Contingencies

	Lease Commitments

	The Company rents certain office space and equipment under non-cancelable leases which provides for future minimum rental payments. On April 2, 2014, the Company entered into a ten year operating lease for 11,495 useable square feet of office space in suburban Pittsburgh, PA. This lease replaced the Company’s existing Corporate Headquarters lease effective August 29, 2014. Annual lease payments over the ten year period will approximate $2 million in the aggregate. The lease is cancelable, with penalty, at the end of year seven and provides the right to sublease throughout the lease term.

	Except for the new office lease commitment mentioned above, total lease commitments have not materially changed from the amounts disclosed in the Company’s 2013 Annual Report on Form 10-K.

	Contingencies

	In the ordinary course of our business, the Company is involved in a number of lawsuits and administrative proceedings. While uncertainties are inherent in the final outcome of these matters, the Company’s management believes, after consultation with legal counsel, that the disposition of these proceedings should not have a material adverse effect on our financial position, results of operations or cash flows.

Employee_Benefit_Plan

Employee Benefit Plan	9 Months Ended
	Sep. 30, 2014
Compensation and Retirement Disclosure [Abstract]	'
Employee Benefit Plan	'
	4	Employee Benefit Plan

	The Company provides an Employee Retirement Savings Plan (the “Retirement Plan”) under Section 401(k) of the Internal Revenue Code of 1986, as amended (the “Code”) that covers substantially all U.S. based salaried employees. Employees may contribute a percentage of eligible compensation to the Retirement Plan, subject to certain limits under the Code. For the nine months ended September 30, 2014 and September 30, 2013, the Company did not provide for any matching contributions.

Mastech_Stock_Incentive_Plan

Mastech Stock Incentive Plan	9 Months Ended
	Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Mastech Stock Incentive Plan	'
	5	Mastech Stock Incentive Plan

	In 2008, the Company adopted a Stock Incentive Plan (the “Plan”) which, as amended, provides that up to 1,200,000 shares of the Company’s common stock shall be allocated for issuance to directors, officers and key personnel. Grants under the Plan can be made in the form of stock options, stock appreciation rights, performance shares or stock awards. During the three and nine months ended September 30, 2014, there were 45,000 restricted share grants made under this Plan. For the three and nine months ended September 30, 2013, the Company granted -0- and 62,500 performance shares to an executive officer.

	As of September 30, 2014, there were 178,000 shares available for grant under the Plan.

StockBased_Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Stock-Based Compensation	'
	6	Stock-Based Compensation

	Stock-based compensation expense for the three months ended September 30, 2014 and 2013 was $123,000 and $90,000, respectively, and for the nine months ended September 30, 2014 and 2013 was $295,000 and $257,000, respectively. Stock-based compensation expense is included in selling, general and administrative expenses in the Condensed Consolidated Statements of Operations.

	During the three and nine months ended September 30, 2014, the Company issued 31,250 shares and 116,862 shares related to the exercise of stock options and vesting of restricted stock/performance share grants. During the three and nine months ended September 30, 2013, the Company issued 17,501 shares and 25,647 shares related to the exercise of stock options and vesting of restricted stock grants.

Credit_Facility

Credit Facility	9 Months Ended
	Sep. 30, 2014
Text Block [Abstract]	'
Credit Facility	'
	7	Credit Facility

	On July 11, 2014, the Company entered into a Second Amended and Restated Loan Agreement (the “Loan Agreement”) with PNC Bank, N.A. (“PNC”), replacing its previous credit facility with PNC that was set to expire on August 31, 2014. The new facility expires in three years and provides for up to $20 million of credit, subject to borrowing base limits and commitment reductions and mandatory prepayments, as described in the Loan Agreement filed as Exhibit 10.1 to the Company’s current report on Form 8-K, filed with the SEC on July 17, 2014.

	Advances under revolving credit loans are limited to a borrowing base that consist of the sum of 85% of eligible accounts receivable and 60% of eligible unbilled accounts. The credit facility includes sub-facilities in aggregate amounts not to exceed (i) $1 million for letters of credit and (ii) $5 million for permitted acquisitions. Revolving credit loans made for the purpose of financing permitted acquisitions will be converted into term loans with five year maturities and the credit facility will be reduced by an amount equal to each converted term loan. The credit facility also includes an accordion feature which may be exercised by the Company to increase the loan commitment by an aggregate amount of up to $10 million, subject to PNC’s approval.

	Interest on borrowings will be charged at a rate equal to, at the Company’s election, either (a) the higher of PNC’s prime rate or the federal funds rate plus 0.50%, plus an applicable margin; or (b) adjusted LIBOR plus an applicable margin. The applicable margin on the base rate is between 0.25% and 0.75% on revolving credit loans and between 0.75% and 1.25% on the term loans. The applicable margin on the adjusted LIBOR rate is between 1.25% and 1.75% on revolving credit loans and between 1.75% and 2.25% on the term loans. The actual applicable margin is based on the Company’s senior leverage ratio, as defined in the Loan Agreement. A 20 basis point per annum commitment fee on the unused portion of the facility is charged and due quarterly in arrears. As of September 30, 2014, the Company had no outstanding borrowings under the revolving credit loan facility and unused borrowing availability of $17.4 million.

	The Loan Agreement contains standard financial covenants, including but not limited to, covenants related to the Company’s leverage ratio, senior leverage ratio and fixed charge ratio (as defined under the Loan Agreement) and limitations on liens, indebtedness, guarantees and contingent liabilities, loans and investments, distributions, leases, asset sales, stock repurchases and mergers and acquisitions. As of September 30, 2014, the Company was in compliance with all provisions under the facility.

	In connection with securing this facility, the Company incurred transaction costs totaling $60,000. These costs are being amortized as interest expense over the three-year life of the credit facility.

Income_Taxes

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2014
Income Tax Disclosure [Abstract]	'
Income Taxes	'
	8	Income Taxes

	The components of income before income taxes from continuing operations, as shown in the accompanying Condensed Consolidated Financial Statements, consisted of the following for the three and nine months ended September 30, 2014 and 2013:



			Three Months Ended					Nine Months Ended
			September 30,					September 30,
			2014		2013			2014		2013
			(Amounts in Thousands)					(Amounts in Thousands)
	Income before income taxes:
	Domestic		$	1,406	$	1,611		$	4,241	$	3,704
	Foreign			—		—			—		—

	Income before income taxes		$	1,406	$	1,611		$	4,241	$	3,704


	The provision for income taxes from continuing operations, as shown in the accompanying Condensed Consolidated Financial Statements, consisted of the following for the three and nine months ended September 30, 2014 and 2013:



			Three Months Ended					Nine Months Ended
			September 30,					September 30,
			2014		2013			2014		2013
			(Amounts in Thousands)					(Amounts in Thousands)
	Current provision:
	Federal		$	469	$	543		$	1,444	$	1,330
	State			44		58			147		131

	Total current provision			513		601			1,591		1,461

	Deferred provision:
	Federal			12		10			8		(57	)
	State			2		1			1		(8	)

	Total deferred provision (benefit)			14		11			9		(65	)

	Total provision for income taxes		$	527	$	612		$	1,600	$	1,396


	The reconciliation of income taxes computed using the statutory U.S. income tax rate and the provision for income taxes from continuing operations for the three and nine months ended September 30, 2014 and 2013 were as follows (amounts in thousands):



			Three Months Ended					Three Months Ended
			September 30, 2014					September 30, 2013
	Income taxes computed at the federal statutory rate		$	478		34	%	$	548		34	%
	State income taxes, net of federal tax benefit			46		3.3			59		3.7
	Other – net			3		0.2			5		0.3

			$	527		37.5	%	$	612		38	%




			Nine Months Ended					Nine Months Ended
			September 30, 2014					September 30, 2013
	Income taxes computed at the federal statutory rate		$	1,442		34	%	$	1,259		34	%
	State income taxes, net of federal tax benefit			148		3.5			123		3.3
	Other – net			10		0.2			14		0.4

			$	1,600		37.7	%	$	1,396		37.7	%


A reconciliation of the beginning and ending amounts of unrecognized tax benefits related to uncertain tax positions, including interest and penalties, are as follows:



(Amounts in thousands)		Nine Months Ended
(Amounts in thousands)		September 30, 2014
Balance as of December 31, 2013		$	111
Additions related to current period			33
Additions related to prior periods			—
Reductions related to prior periods			(13	)

Balance as of September 30, 2014		$	131




Although it is difficult to anticipate the final outcome of these uncertain tax positions, the Company believes that the total amount of unrecognized tax benefits could be reduced by approximately $38,000 during the next twelve months due to the expiration of the statute of limitations.

Derivative_Instruments_and_Hed

Derivative Instruments and Hedging Activities

9 Months Ended

Sep. 30, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities

The Company enters into foreign currency forward contracts (“derivative contracts”) to mitigate and manage the risk of changes in foreign exchange rates related to highly probable expenditures in support of its Indian-based global recruitment operations. These forward contracts have been designated as cash flow hedging instruments and qualified as effective hedges at inception under ASC Topic 815, “Derivatives and Hedging”.

All derivatives are recognized on the balance sheet at fair value. The effective portion of the changes in fair value on these instruments is recorded in other comprehensive income (loss) and is reclassified into the Consolidated Statements of Operations on the same line item and in the same period in which the underlying hedge transaction affects earnings. Changes in the fair value of these instruments deemed ineffective are recognized in the Consolidated Statements of Operations as foreign exchange gains (losses). Hedge effectiveness is assessed based on changes in the fair value of the forward contracts related to the difference between the spot price and the forward price. Forward points (premiums/discounts) are excluded from the assessment of hedge effectiveness and are recognized in the Consolidated Statements of Operations as foreign exchange gains/(losses).

As of September 30, 2014, the Company’s outstanding contracts total 96 million Indian rupees (10 million rupees per month mature in three equal installments from October 2014 through December 2014 and 5.5 million rupees per month mature in twelve equal installments from January 2015 through December 2015).

The following table presents information related to foreign currency forward contracts held by the Company:

Outstanding hedge transactions qualifying for hedge accounting as of September 30, 2014 (amounts in thousands):

Maturity Date Ranges

Rupee Strike Price

Amount

Net Unrealized

Ranges

Gain/(Loss)

September 30, 2014

Forward contracts USD:

From:

October 20, 2014

To:

December 18, 2015

62.35 – 70.41

Total

1,458

The effect of derivative instruments on the Condensed Consolidated Statements of Operations and Comprehensive Income are as follows (in thousands):

Derivatives in ASC Topic 815 Cash Flow Hedging Relationships

Amount of

Location of

Amount of

Location of

Amount of

Gain / (Loss)

recognized in

reclassified

reclassified in

recognized in

OCI on

from

Income

Derivatives

Accumulated

(Expense)

OCI to

on Derivatives

Income

(Expense)

(Effective

(Ineffective Portion/Amounts

Portion)

excluded from

effectiveness testing)

For the Three Months Ended September 30, 2014:

Currency Forward Contracts

(51

)

SG&A

Other

)

Expense

Income/

(Expense)

For the Nine Months Ended September 30, 2014:

Currency Forward Contracts

(16

)

SG&A

Other

Expense

Income/

(Expense)

For the Three Months Ended September 30, 2013:

Currency Forward Contracts

SG&A

(16

)

Other

(40

)

Expense

Income/

(Expense)

For the Nine Months Ended September 30, 2013:

Currency Forward Contracts

(75

)

SG&A

(12

)

Other

Expense

Income/

(Expense)

Information on the location and amounts of derivative fair values in the Condensed Consolidated Balance Sheets (in thousands):

September 30, 2014

December 31, 2013

Derivative Instruments

Balance Sheet Location

Fair Value

Balance Sheet Location

Fair Value

Currency Forward Contracts

Prepaid and Other

Current Assets

The estimated amount of pretax gains as of September 30, 2014 that are expected to be reclassified from other comprehensive (loss) into earnings within the next 12 months is $13,000.

Fair_Value_Measurements

Fair Value Measurements

9 Months Ended

Sep. 30, 2014

Fair Value Disclosures [Abstract]

Fair Value Measurements

The Company has adopted the provisions of ASC 820, “Fair Value Measurements and Disclosures” (“ASC 820”) related to certain financial and nonfinancial assets and liabilities. ASC 820 establishes the authoritative definition of fair value; sets out a framework for measuring fair value; and expands the required disclosures about fair value measurements. The valuation techniques required by ASC 820 are based on observable and unobservable inputs using the following three-tier hierarchy:

•

Level 1 - Inputs are observable quoted prices (unadjusted) in active markets for identical assets and liabilities.

•

Level 2 - Inputs are observable, other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are directly or indirectly observable in the marketplace.

•

Level 3 - Inputs are unobservable that are supported by little or no market activity.

At September 30, 2014 and December 31, 2013, the Company carried the following financial assets at fair value measured on a recurring basis (in thousands):

Fair Value as of September 30, 2014

Level 1

Level 2

Level 3

(Amounts in thousands)

Currency Forward Contracts

Fair Value as of December 31, 2013

Level 1

Level 2

Level 3

(Amounts in thousands)

Currency Forward Contracts

Shareholders_Equity

Shareholders' Equity	9 Months Ended
	Sep. 30, 2014
Equity [Abstract]	'
Shareholders' Equity	'
	11	Shareholders’ Equity

	As of September 30, 2014, the Company had 494,611 shares available for purchase under its existing share repurchase program. Repurchases under the program may be made through open market purchases or privately negotiated transactions in accordance with applicable securities laws through December 22, 2014. During the three and nine months ended September 30, 2014, the Company repurchased 22,430 shares of common stock under the program at an average price of $11.86 per share. Additionally, during the three and nine months ended September 30, 2014, the Company purchased an additional 9,841 shares and 29,182 shares, respectively, to satisfy employee tax obligations related to the vesting of performance shares. These purchases were made at an average share price of $12.78 and $13.63, respectively. During the three and nine months ended September 30, 2013, -0- and 2,744 shares were repurchased under this program.

Revenue_Concentration

Revenue Concentration	9 Months Ended
	Sep. 30, 2014
Segment Reporting [Abstract]	'
Revenue Concentration	'
	12	Revenue Concentration

	For the three months ended September 30, 2014, the Company had three clients that exceeded 10% of total revenues (Accenture 12.4%, TEK Systems =0.5% and CGI =0.2%). For the three months ended September 30, 2013, the Company had one client that exceeded 10% of total revenues (Accenture .6%). For the nine months ended September 30, 2014, the Company had one client that exceeded 10% of total revenues (Accenture =1.3%). For the nine months ended September 30, 2013, the Company had one client that exceeded 10% of total revenues (Accenture .1%).

	The Company’s top ten clients represented approximately 60% and 56% of total revenues for the three months ended September 30, 2014 and 2013, respectively. For the nine months ended September 30, 2014 and 2013, the Company’s top ten clients represented approximately 60% and 57% of total revenues, respectively.

Earnings_Per_Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share	'
	13	Earnings Per Share

	The computation of basic earnings per share is based on the Company’s net income divided by the weighted average number of common shares outstanding. Diluted earnings per share reflect the potential dilution that could occur if outstanding stock options were exercised and restricted shares vested. The dilutive effect of stock options was calculated using the treasury stock method.

	For the three and nine months ended September 30, 2014 and 2013, there were no anti-dilutive stock options excluded from the computation of diluted earnings per share.

Subsequent_Event

Subsequent Event	9 Months Ended
	Sep. 30, 2014
Subsequent Events [Abstract]	'
Subsequent Event	'
	14	Subsequent Event

	On October 22, 2014, the Company’s Board of Directors agreed to extend the duration of the Company’s existing Share Repurchase Program for an additional two years, through December 22, 2016. Currently there are approximately 495,000 shares yet to be purchased under the program.

Recently_Issued_Accounting_Sta

Recently Issued Accounting Standards	9 Months Ended
	Sep. 30, 2014
Accounting Changes and Error Corrections [Abstract]	'
Recently Issued Accounting Standards	'
	15	Recently Issued Accounting Standards

	In April 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. The main objective of this update is to change the criteria for reporting discontinued operations and enhancing convergence of the FASB’s and the International Accounting Standard Board’s (IASB) reporting requirements for discontinued operations.

	The amendments in this Update affect an entity that has either of the following:


		1)	A component of an entity that either is disposed of or meets the criteria in paragraph 205-20-45-1E to be classified as held for sale.


		2)	A business activity that, on acquisition, meets the criteria in paragraph 205-20-45-1E to be classified as held for sale.

	The amendments in this Update improve the definition of discontinued operations by limiting discontinued operations reporting to disposals of components of an entity that represent strategic shifts that have (or will have) a major effect on an entity’s operations and financial results. Under current U.S. GAAP, many disposals, some of which may be routine in nature and not a change in an entity’s strategy, are reported in discontinued operations. The amendments in this Update require expanded disclosures for discontinued operations. The Board concluded that those disclosures should provide users of financial statements with more information about the assets, liabilities, revenues, and expenses of discontinued operations.

	The amendments in this Update also require an entity to disclose the pretax profit or loss of an individually significant component of an entity that does not qualify for discontinued operations reporting. The Board concluded that this disclosure should provide users with information about the financial effects of significant disposals that do not qualify for discontinued operations reporting.

	The amendments in this Update include several changes to the Accounting Standards Codification to improve the organization and readability of Subtopic 205-20 and Subtopic 360-10, Property, Plant, and Equipment—Overall. For example, the disclosures required by Subtopic 205-20 are organized by the nature of the discontinued operation. Additionally, flowcharts were added to Subtopics 205-20 and 360-10 to help stakeholders implement the disclosure requirements.



	A public business entity that has issued, or is a conduit bond obligor for, securities that are traded, listed, or quoted on an exchange or an over-the-counter market should apply the amendments in this Update prospectively to both of the following:


		1)	All disposals (or classifications as held for sale) of components of an entity that occur within annual periods beginning on or after December 15, 2014, and interim periods within those years.


		2)	All businesses that, on acquisition, are classified as held for sale that occur within annual periods beginning on or after December 15, 2014, and interim periods within those years.

	An entity should not apply the amendments in this Update to a component of an entity, or a business activity, that is classified as held for sale before the effective date even if the component of an entity, or business activity, is disposed of after the effective date. Early adoption is permitted, but only for disposals (or classifications as held for sale) that have not been reported in financial statements previously issued or available for issuance.

	The Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements.

	In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606). Previous revenue recognition requirements in U.S. generally accepted accounting principles (GAAP) differ from those in International Financial Reporting Standards (IFRS), and both sets of requirements were in need of improvement. Previous revenue recognition guidance in U.S. GAAP comprised broad revenue recognition concepts together with numerous revenue requirements for particular industries or transactions, which sometimes resulted in different accounting for economically similar transactions. In contrast, IFRS provided limited guidance and, consequently, the two main revenue recognition standards, IAS 18, Revenue, and IAS 11, Construction Contracts, could be difficult to apply to complex transactions. Additionally, IAS 18 provides limited guidance on important revenue topics such as accounting for multiple-element arrangements. Accordingly, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) initiated a joint project to clarify the principles for recognizing revenue and to develop a common revenue standard for U.S. GAAP and IFRS.

	The guidance in this Update affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (for example, insurance contracts or lease contracts). The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The ASU provides specific steps to follow in order for an entity to achieve this core principle.

	For a public entity, the amendments in this Update are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted.

	The Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements.

	In June 2014, the Financial Accounting Standards Board (FASB) issued Update 2014-12, Compensation—Stock Compensation (Topic 718) Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. Generally, share-based payment awards require a specific performance target to be achieved in order for employees to become eligible to vest in the awards. Also, an award with a performance target generally requires an employee to render service until the performance target is achieved. In some cases, however, the terms of an award may provide that the performance target could be achieved after an employee completes the requisite service period. That is, the employee would be eligible to vest in the award regardless of whether the employee is rendering service on the date the performance target is achieved. This Update is intended to resolve the diverse accounting treatment of those awards in practice.

	The amendments in this Update apply to all reporting entities that grant their employees share-based payments in which the terms of the award provide that a performance target that affects vesting could be achieved after the requisite service period.

	The amendments require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. A reporting entity should apply existing guidance in Topic 718 as it relates to awards with performance conditions that affect vesting to account for such awards. As such, the performance target should not be reflected in estimating the grant-date fair value of the award. Compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. If the performance target becomes probable of being achieved before the end of the requisite service period, the remaining unrecognized compensation cost should be recognized prospectively over the remaining requisite service period. The total amount of compensation cost recognized during and after the requisite service period should reflect the number of awards that are expected to vest and should be adjusted to reflect those awards that ultimately vest. The requisite service period ends when the employee can cease rendering service and still be eligible to vest in the award if the performance target is achieved. As indicated in the definition of vest, the stated vesting period (which includes the period in which the performance target could be achieved) may differ from the requisite service period.



	For all entities, the amendments in this Update are effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Earlier adoption is permitted.

	The Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements.

Description_of_Business_and_Ba1

Description of Business and Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Description of Business	'
	Description of Business
	We are a provider of IT staffing services. Our IT staffing business combines technical expertise with business process experience to deliver a broad range of services within business intelligence / data warehousing; web services; enterprise resource planning & customer resource management; and eBusiness solutions. We work with businesses and institutions with significant IT spending and recurring staffing needs. We also support smaller organizations with their “project focused” temporary IT staffing requirements. Our services span a broad range of industry verticals including: automotive; consumer products; education; financial services; government; healthcare; manufacturing; retail; technology; telecommunications; transportation; and utilities.
Basis of Presentation	'
	Basis of Presentation
	The accompanying Condensed Consolidated Financial Statements (the “Financial Statements”) have been prepared by management in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and applicable rules and regulations of the Securities and Exchange Commission (the “SEC”). Accordingly, they do not include all of the information and disclosures required by U.S. GAAP for complete consolidated financial statements. In the opinion of management, all adjustments, consisting principally of normal recurring adjustments, considered necessary for a fair presentation have been included. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and the accompanying notes. Actual results could differ from these estimates. These financial statements should be read in conjunction with the Company’s audited consolidated financial statements and accompanying notes for the year ended December 31, 2013, included in our Annual Report on Form 10-K filed with the SEC on March 21, 2014. Additionally, our operating results for the three and nine months ended September 30, 2014 are not necessarily indicative of the results that can be expected for the year ending December 31, 2014 or for any other period.
Principles of Consolidation	'
	Principles of Consolidation
	The Condensed Consolidated Financial Statements include the accounts of the Company and its wholly-owned subsidiaries. All material intercompany transactions and balances have been eliminated in consolidation.
Critical Accounting Policies	'
	Critical Accounting Policies
	Please refer to Note 1 “Summary of Significant Accounting Policies” of the Consolidated Financial Statements and “Management’s Discussion and Analysis of Financial Condition and Results of Operations–Critical Accounting Policies” in our Annual Report on Form 10-K for the year ended December 31, 2013 for a more detailed discussion of our significant accounting policies and critical accounting estimates. There were no material changes to these critical accounting policies during the nine months ended September 30, 2014.
Segment Reporting	'
	Segment Reporting
	The Company has one reportable segment in accordance with ASC Topic 280 “Disclosures About Segments of an Enterprise and Related Information”.

Discontinued_Operations_Tables

Discontinued Operations (Tables)	9 Months Ended
Discontinued Operations (Tables)	Sep. 30, 2014
Discontinued Operations and Disposal Groups [Abstract]	'
Carrying Value of Assets and Liabilities of Discontinued Operations	'

	The carrying value of assets and liabilities of discontinued operations included in the September 30, 2014 and December 31, 2013 Condensed Consolidated Balance Sheets were as follows (in thousands):



		At			At
		September 30, 2014			December 31, 2013
	ASSETS:
	Accounts receivables	$	2		$	68
	Deferred income taxes		—			24
	Non-current deposits		19			19

	Total		21			111
	LIABILITIES:
	Accounts payable		5			23
	Other accrued liabilities		133			174

	Total		138			197

	TOTAL NET (LIABILITIES)	$	(117	)	$	(86	)

Condensed Statements of Operations of Discontinued Operations	'

	The Condensed Statements of Operations of discontinued operations were as follows (in thousands):



		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2014			2013			2014		2013
	Revenues	$	—		$	1,253		$	—	$	7,058
	Costs of revenues		—			1,045			—		5,856

	Gross profit		—			208			—		1,202
	Selling, general and administrative expenses		—			147			—		1,040

	Income before income taxes		—			61			—		162
	Income tax expense		—			22			—		68

	Net income	$	—		$	39		$	—	$	94

Sale of Healthcare Business	'

	The August 2013 gain on the sale of the healthcare business was as follows (in thousands):



		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2014			2013			2014		2013
	Pretax gain on sale transaction	$	—		$	485		$	—	$	485
	Income tax expense		—			43			—		43

	Net gain	$	—		$	442		$	—	$	442

Cash Flows Provided by (Used in) Discontinued Operations	'

	The cash flows provided by (used in) discontinued operations were as follows (in thousands):



		Nine Months Ended
		September 30,
		2014			2013
	OPERATING ACTIVITIES:
	Net income from discontinued operations	$	—		$	536
	Adjustments to reconcile net income to net cash provided by (used in) operating activities of discontinued operations:
	Depreciation and amortization		—			16
	Bad debt (credit) expense		—			(25	)
	Stock-based compensation expense		—			(15	)
	Deferred income taxes, net		24			(25	)
	(Gain) on sale of discontinued operations, net of tax		—			(442	)
	Working capital items:
	Accounts receivable and unbilled receivables		66			1,291
	Prepaid and other current assets		—			41
	Accounts payable		(18	)		(89	)
	Accrued payroll and related costs		—			(363	)
	Other accrued liabilities		(41	)		54

	Total cash provided by operating activities of discontinued operations		31			979
	INVESTING ACTIVITIES:
	(Payment for) recovery of non-current deposits		—			(10	)
	Capital expenditures		—			(3	)
	Proceeds from sale of discontinued operations		—			1,009

	Total cash provided by investing activities of discontinued operations		—			996
	FINANCING ACTIVITIES:
	None		—			—

	Total cash flow provided by discontinued operations	$	31		$	1,975

Income_Taxes_Tables

Income Taxes (Tables)	9 Months Ended
Income Taxes (Tables)	Sep. 30, 2014
Income Tax Disclosure [Abstract]	'
Components of Income Before Income Taxes from Continuing Operations	'

	The components of income before income taxes from continuing operations, as shown in the accompanying Condensed Consolidated Financial Statements, consisted of the following for the three and nine months ended September 30, 2014 and 2013:




		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2014			2013			2014		2013
		(Amounts in Thousands)						(Amounts in Thousands)
	Income before income taxes:
	Domestic	$	1,406		$	1,611		$	4,241	$	3,704
	Foreign		—			—			—		—

	Income before income taxes	$	1,406		$	1,611		$	4,241	$	3,704

Provision for Income Taxes from Continuing Operations	'

	The provision for income taxes from continuing operations, as shown in the accompanying Condensed Consolidated Financial Statements, consisted of the following for the three and nine months ended September 30, 2014 and 2013:



		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2014			2013			2014		2013
		(Amounts in Thousands)						(Amounts in Thousands)
	Current provision:
	Federal	$	469		$	543		$	1,444	$	1,330
	State		44			58			147		131

	Total current provision		513			601			1,591		1,461

	Deferred provision:
	Federal		12			10			8		(57	)
	State		2			1			1		(8	)

	Total deferred provision (benefit)		14			11			9		(65	)

	Total provision for income taxes	$	527		$	612		$	1,600	$	1,396

Reconciliation of Income Taxes from Continuing Operations from Continuing Operations	'

	The reconciliation of income taxes computed using the statutory U.S. income tax rate and the provision for income taxes from continuing operations for the three and nine months ended September 30, 2014 and 2013 were as follows (amounts in thousands):



		Three Months Ended						Three Months Ended
		September 30, 2014						September 30, 2013
	Income taxes computed at the federal statutory rate	$	478			34	%	$	548		34	%
	State income taxes, net of federal tax benefit		46			3.3			59		3.7
	Other – net		3			0.2			5		0.3

		$	527			37.5	%	$	612		38	%




		Nine Months Ended						Nine Months Ended
		September 30, 2014						September 30, 2013
	Income taxes computed at the federal statutory rate	$	1,442			34	%	$	1,259		34	%
	State income taxes, net of federal tax benefit		148			3.5			123		3.3
	Other – net		10			0.2			14		0.4

		$	1,600			37.7	%	$	1,396		37.7	%

Unrecognized Tax Benefits Related to Uncertain Tax Positions	'

	A reconciliation of the beginning and ending amounts of unrecognized tax benefits related to uncertain tax positions, including interest and penalties, are as follows:



	(Amounts in thousands)	Nine Months Ended
	(Amounts in thousands)	September 30, 2014
	Balance as of December 31, 2013	$	111
	Additions related to current period		33
	Additions related to prior periods		—
	Reductions related to prior periods		(13	)

	Balance as of September 30, 2014	$	131

Derivative_Instruments_and_Hed1

Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Outstanding Hedge Transactions Qualifying for Hedge Accounting

Outstanding hedge transactions qualifying for hedge accounting as of September 30, 2014 (amounts in thousands):

Maturity Date Ranges

Rupee Strike Price

Amount

Net Unrealized

Ranges

Gain/(Loss)

September 30, 2014

Forward contracts USD:

From:

October 20, 2014

To:

December 18, 2015

62.35 – 70.41

Total

1,458

Effect of Derivative Instruments on Consolidated Statements of Operations and Comprehensive Income

The effect of derivative instruments on the Condensed Consolidated Statements of Operations and Comprehensive Income are as follows (in thousands):

Derivatives in ASC Topic 815 Cash Flow Hedging Relationships

Amount of

Location of

Amount of

Location of

Amount of

Gain / (Loss)

recognized in

reclassified

reclassified in

recognized in

OCI on

from

Income

Derivatives

Accumulated

(Expense)

OCI to

on Derivatives

Income

(Expense)

(Effective

(Ineffective Portion/Amounts

Portion)

excluded from

effectiveness testing)

For the Three Months Ended September 30, 2014:

Currency Forward Contracts

(51

)

SG&A

Other

)

Expense

Income/

(Expense)

For the Nine Months Ended September 30, 2014:

Currency Forward Contracts

(16

)

SG&A

Other

Expense

Income/

(Expense)

For the Three Months Ended September 30, 2013:

Currency Forward Contracts

SG&A

(16

)

Other

(40

)

Expense

Income/

(Expense)

For the Nine Months Ended September 30, 2013:

Currency Forward Contracts

(75

)

SG&A

(12

)

Other

Expense

Income/

(Expense)

Information on Location and Amounts of Derivative Fair Values in Condensed Consolidated Balance Sheets

Information on the location and amounts of derivative fair values in the Condensed Consolidated Balance Sheets (in thousands):

September 30, 2014

December 31, 2013

Derivative Instruments

Balance Sheet Location

Fair Value

Balance Sheet Location

Fair Value

Currency Forward Contracts

Prepaid and Other

Current Assets

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2014

Fair Value Disclosures [Abstract]

Summary of Financial Assets at Fair Value Measured on Recurring Basis

At September 30, 2014 and December 31, 2013, the Company carried the following financial assets at fair value measured on a recurring basis (in thousands):

Fair Value as of September 30, 2014

Level 1

Level 2

Level 3

(Amounts in thousands)

Currency Forward Contracts

Fair Value as of December 31, 2013

Level 1

Level 2

Level 3

(Amounts in thousands)

Currency Forward Contracts

Description_of_Business_and_Ba2

Description of Business and Basis of Presentation - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2014
	Segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Number of reportable segment	1

Discontinued_Operations_Additi

Discontinued Operations - Additional Information (Detail) (USD $)	1 Months Ended	3 Months Ended		9 Months Ended
	Aug. 31, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'	'	'	'
Aggregate purchase price	$1,150,000	'	'	'	'
Cash consideration	1,000,000	'	'	'	'
Total net assets sold excluded current asset	1,500,000	'	'	'	'
Utilization of tax benefit	'	527,000	612,000	1,600,000	1,396,000
Capital Loss Carryforward [Member]	'	'	'	'	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'	'	'	'
Utilization of tax benefit	'	'	'	$147,000	'

Discontinued_Operations_Carryi

Discontinued Operations - Carrying Value of Assets and Liabilities of Discontinued Operations (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
ASSETS:	'	'
Accounts receivables	$11,315	$10,707
Deferred income taxes	161	143
Non-current deposits	211	210
Total assets	20,385	17,051
LIABILITIES:	'	'
Accounts payable	1,478	2,026
Other accrued liabilities	296	304
Total liabilities	8,194	7,591
Healthcare Staffing [Member]	'	'
ASSETS:	'	'
Accounts receivables	2	68
Deferred income taxes	'	24
Non-current deposits	19	19
Total assets	21	111
LIABILITIES:	'	'
Accounts payable	5	23
Other accrued liabilities	133	174
Total liabilities	138	197
TOTAL NET (LIABILITIES)	($117)	($86)

Discontinued_Operations_Conden

Discontinued Operations - Condensed Statements of Operations of Discontinued Operations (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'	'	'
Revenues	$28,634	$28,283	$84,974	$78,418
Costs of revenues	23,407	22,948	69,416	63,739
Gross profit	5,227	5,335	15,558	14,679
Selling, general and administrative expenses	3,788	3,659	11,306	10,902
Income tax expense	0	22	0	68
Net income	'	39	'	94
Healthcare Staffing [Member]	'	'	'	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'	'	'
Revenues	'	1,253	'	7,058
Costs of revenues	'	1,045	'	5,856
Gross profit	'	208	'	1,202
Selling, general and administrative expenses	'	147	'	1,040
Income before income taxes	'	61	'	162
Income tax expense	'	22	'	68
Net income	'	$39	'	$94

Discontinued_Operations_Gain_o

Discontinued Operations - Gain on Sale of Healthcare Business (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'	'	'
Income tax expense	$0	$43	$0	$43
Net gain	'	442	'	442
Healthcare Staffing [Member]	'	'	'	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'	'	'
Pretax gain on sale transaction	'	485	'	485
Income tax expense	'	43	'	43
Net gain	'	$442	'	$442

Discontinued_Operations_Cash_F

Discontinued Operations - Cash Flows Provided by (Used in) Discontinued Operations (Detail) (USD $)	1 Months Ended	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Aug. 31, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
OPERATING ACTIVITIES:	'	'	'	'	'
Net income from discontinued operations	'	'	$481	'	$536
Adjustments to reconcile net income to net cash provided by (used in) operating activities of discontinued operations:	'	'	'	'	'
Depreciation and amortization	'	'	'	91	123
Stock-based compensation expense	'	123	90	295	257
Deferred income taxes, net	'	14	11	9	-65
Working capital items:	'	'	'	'	'
Accounts receivable and unbilled receivables	'	'	'	-829	-3,301
Prepaid and other current assets	'	'	'	-138	-265
Accounts payable	'	'	'	-530	644
Accrued payroll and related costs	'	'	'	1,043	2,016
Other accrued liabilities	'	'	'	33	-41
Total cash provided by operating activities of discontinued operations	'	'	'	31	979
INVESTING ACTIVITIES:	'	'	'	'	'
(Payment for) recovery of non-current deposits	'	'	'	-1	14
Capital expenditures	'	'	'	-423	-78
Proceeds from sale of discontinued operations	1,000	'	'	'	'
Total cash provided by investing activities of discontinued operations	'	'	'	'	996
Healthcare Staffing [Member]	'	'	'	'	'
OPERATING ACTIVITIES:	'	'	'	'	'
Net income from discontinued operations	'	'	'	'	536
Adjustments to reconcile net income to net cash provided by (used in) operating activities of discontinued operations:	'	'	'	'	'
Depreciation and amortization	'	'	'	'	16
Bad debt (credit) expense	'	'	'	'	-25
Stock-based compensation expense	'	'	'	'	-15
Deferred income taxes, net	'	'	'	24	-25
(Gain) on sale of discontinued operations, net of tax	'	'	'	'	-442
Working capital items:	'	'	'	'	'
Accounts receivable and unbilled receivables	'	'	'	66	1,291
Prepaid and other current assets	'	'	'	'	41
Accounts payable	'	'	'	-18	-89
Accrued payroll and related costs	'	'	'	'	-363
Other accrued liabilities	'	'	'	-41	54
Total cash provided by operating activities of discontinued operations	'	'	'	31	979
INVESTING ACTIVITIES:	'	'	'	'	'
(Payment for) recovery of non-current deposits	'	'	'	'	-10
Capital expenditures	'	'	'	'	-3
Proceeds from sale of discontinued operations	'	'	'	'	1,009
Total cash provided by investing activities of discontinued operations	'	'	'	'	996
FINANCING ACTIVITIES:	'	'	'	'	'
Total cash flow provided by discontinued operations	'	'	'	$31	$1,975

Commitments_and_Contingencies_

Commitments and Contingencies - Additional Information (Detail) (USD $)	0 Months Ended
In Millions, unless otherwise specified	Apr. 02, 2014	Apr. 02, 2014
	Apr. 02, 2014	sqft
Commitments and Contingencies Disclosure [Abstract]	'	'
Operating lease term	'10 years	'
Area under operating lease	'	11,495
Annual lease payments	'	$2
Operating lease, cancelable, with penalty	'7 years	'

Employee_Benefit_Plan_Addition

Employee Benefit Plan - Additional Information (Detail) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Compensation and Retirement Disclosure [Abstract]	'	'
Matching contributions	$0	$0

Mastech_Stock_Incentive_Plan_A

Mastech Stock Incentive Plan - Additional Information (Detail)	3 Months Ended	9 Months Ended		3 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2014	Dec. 31, 2008	Sep. 30, 2013	Sep. 30, 2013
				Executive Officer [Member]	Executive Officer [Member]
				Performance Shares [Member]	Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'
Shares allocated for issuance to directors, officers and key personnel	'	'	1,200,000	'	'
Number of restricted stock options granted	45,000	45,000	'	'	'
Number of stock options granted	'	'	'	0	62,500
Number of shares available for grant	178,000	178,000	'	'	'

StockBased_Compensation_Additi

Stock-Based Compensation - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'	'	'	'
Stock-based compensation expense	$123	$90	$295	$257
Number of shares issued related to exercise of stock options	31,250	17,501	116,862	25,647

Credit_Facility_Additional_inf

Credit Facility - Additional information (Detail) (USD $)	0 Months Ended	9 Months Ended
Credit Facility - Additional information (Detail) (USD $)	Jul. 11, 2014	Sep. 30, 2014	Sep. 30, 2013
Credit Facilities [Line Items]	'	'	'
Commitment fee	0.20%	'	'
Duration of credit facility	'3 years	'	'
PNC Bank, N.A. [Member]	'	'	'
Credit Facilities [Line Items]	'	'	'
Percentage of eligible accounts receivable	85.00%	'	'
Percentage of eligible unbilled accounts	60.00%	'	'
Borrowing availability	'	'	$17,400,000
Revolving credit loan conversion to term loan, term	'5 years	'	'
Line of credit facility feature to increase aggregate loan commitment	10,000,000	'	'
Revolving credit loan conversion to term loan, description	'	'Revolving credit loans made for the purpose of financing permitted acquisitions will be converted into term loans with five year maturities and the credit facility will be reduced by an amount equal to each converted term loan.	'
Transaction cost	60,000	'	'
PNC Bank, N.A. [Member] \| Federal Funds Rate Plus [Member]	'	'	'
Credit Facilities [Line Items]	'	'	'
Federal funds interest rate	0.50%	'	'
PNC Bank, N.A. [Member] \| Maximum [Member]	'	'	'
Credit Facilities [Line Items]	'	'	'
Portion of credit facility converted into term loan	5,000,000	'	'
Revolving credit facility percentage margin over base rate	0.75%	'	'
Delayed draw term loan percentage margin over base rate	1.25%	'	'
Revolving credit facility percentage margin adjusted LIBOR rate	1.75%	'	'
Delayed draw term loan percentage margin adjusted LIBOR rate	2.25%	'	'
PNC Bank, N.A. [Member] \| Minimum [Member]	'	'	'
Credit Facilities [Line Items]	'	'	'
Revolving credit facility percentage margin over base rate	0.25%	'	'
Delayed draw term loan percentage margin over base rate	0.75%	'	'
Revolving credit facility percentage margin adjusted LIBOR rate	1.25%	'	'
Delayed draw term loan percentage margin adjusted LIBOR rate	1.75%	'	'
New Credit Facility [Member] \| PNC Bank, N.A. [Member]	'	'	'
Credit Facilities [Line Items]	'	'	'
Credit facility term	'3 years	'	'
Credit facility current borrowing capacity	20,000,000	'	'
Old Credit Facility [Member] \| PNC Bank, N.A. [Member]	'	'	'
Credit Facilities [Line Items]	'	'	'
Credit facility expiration date	'	31-Aug-14	'
Letters of Credit [Member] \| PNC Bank, N.A. [Member]	'	'	'
Credit Facilities [Line Items]	'	'	'
Borrowing availability	1,000,000	'	'
Revolving Credit Facility [Member] \| PNC Bank, N.A. [Member]	'	'	'
Credit Facilities [Line Items]	'	'	'
Outstanding borrowings under the revolving credit loan facility	'	'	$0

Income_Taxes_Components_of_Inc

Income Taxes - Components of Income Before Income Taxes from Continuing Operations (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Income before income taxes:	'	'	'	'
Domestic	$1,406	$1,611	$4,241	$3,704
Foreign	0	0	0	0
Income from continuing operations before income taxes	$1,406	$1,611	$4,241	$3,704

Income_Taxes_Provision_for_Inc

Income Taxes - Provision for Income Taxes from Continuing Operations (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Current provision:	'	'	'	'
Federal	$469	$543	$1,444	$1,330
State	44	58	147	131
Total current provision	513	601	1,591	1,461
Deferred provision:	'	'	'	'
Federal	12	10	8	-57
State	2	1	1	-8
Total deferred provision (benefit)	14	11	9	-65
Total provision for income taxes	$527	$612	$1,600	$1,396

Income_Taxes_Reconciliation_of

Income Taxes - Reconciliation of Income Taxes (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Income Tax Disclosure [Abstract]	'	'	'	'
Income taxes computed at the federal statutory rate, Value	$478	$548	$1,442	$1,259
State income taxes, net of federal tax benefit, Value	46	59	148	123
Other - net, Value	3	5	10	14
Total provision for income taxes	$527	$612	$1,600	$1,396
Income taxes computed at the federal statutory rate, Rate	34.00%	34.00%	34.00%	34.00%
State income taxes, net of federal tax benefit, Rate	3.30%	3.70%	3.50%	3.30%
Other - net, Rate	0.20%	0.30%	0.20%	0.40%
Effective for income tax rate, Total	37.50%	38.00%	37.70%	37.70%

Income_Taxes_Unrecognized_Tax_

Income Taxes - Unrecognized Tax Benefits Related to Uncertain Tax Positions (Detail) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014
Income Tax Disclosure [Abstract]	'
Balance as of December 31, 2013	$111
Additions related to current period	33
Additions related to prior periods	'
Reductions related to prior periods	-13
Balance as of September 30, 2014	$131

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail) (USD $)	9 Months Ended
Income Taxes - Additional Information (Detail) (USD $)	Sep. 30, 2014
Income Tax Disclosure [Abstract]	'
Estimated amount of unrecognized tax benefits that could be reduced due to the expiration of the statute of limitations	$38,000

Derivative_Instruments_and_Hed2

Derivative Instruments and Hedging Activities - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014
	USD ($)	INR	Installment Maturing from October 2014 through December 2014 [Member]	Installment Maturing from January 2015 through December 2015 [Member]
			INR	INR
			Installment	Installment
Derivative [Line Items]	'	'	'	'
Derivative instrument and hedging activities outstanding contract total	'	96,000,000	'	'
Number of equal monthly installments	'	'	3	12
Derivative instrument and hedging activities outstanding contract monthly installments amount	'	'	10,000,000	5,500,000
Contract maturity period	'	'	'2014-12	'2015-12
Estimated amount of pretax gains from other comprehensive (loss)	$13,000	'	'	'

Derivative_Instruments_and_Hed3

Derivative Instruments and Hedging Activities - Schedule of Outstanding Hedge Transactions Qualifying for Hedge Accounting (Detail) (Currency Forward Contracts [Member], USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014
Derivative [Line Items]	'
Amount	$1,458
Net Unrealized Gain/(Loss)	$11
Minimum [Member]	'
Derivative [Line Items]	'
Maturity Date From	20-Oct-14
Rupee Strike Price Ranges	62.35
Maximum [Member]	'
Derivative [Line Items]	'
Maturity Date From	18-Dec-15
Rupee Strike Price Ranges	70.41

Derivative_Instruments_and_Hed4

Derivative Instruments and Hedging Activities - Effect of Derivative Instruments on Consolidated Statements of Operations and Comprehensive Income (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Amount of Gain / (Loss) recognized in OCI on Derivatives	($51)	$20	($16)	($75)
Currency Forward Contracts [Member] \| Cash Flow Hedging Relationships [Member]	'	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Amount of Gain / (Loss) recognized in OCI on Derivatives	-51	20	-16	-75
Currency Forward Contracts [Member] \| Cash Flow Hedging Relationships [Member] \| SG&A Expense [Member]	'	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Amount of Gain / (Loss) reclassified from Accumulated OCI to Income (Expense)	29	-16	33	-12
Currency Forward Contracts [Member] \| Cash Flow Hedging Relationships [Member] \| Other Income/(Expense) [Member]	'	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Amount of Gain / (Loss) recognized in Income (Expense) on Derivatives	($1)	($40)	$67	$1

Derivative_Instruments_and_Hed5

Derivative Instruments and Hedging Activities - Information on Location and Amounts of Derivative Fair Values in Condensed Consolidated Balance Sheets (Detail) (Currency Forward Contracts [Member], Prepaid and Other Current Assets [Member], USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Currency Forward Contracts [Member] \| Prepaid and Other Current Assets [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative Asset / (Liability)	$39	$67

Fair_Value_Measurements_Summar

Fair Value Measurements - Summary of Financial Assets at Fair Value Measured on Recurring Basis (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Level 1 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Currency Forward Contracts	$0	$0
Level 2 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Currency Forward Contracts	39	67
Level 3 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Currency Forward Contracts	$0	$0

Shareholders_Equity_Additional

Shareholders' Equity - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Equity [Abstract]	'	'	'	'
Number of shares authorized to be repurchased	494,611	'	494,611	'
Shares purchased during period	22,430	0	22,430	2,744
Common stock repurchased average price	$11.86	'	$11.86	'
Additional shares purchased to satisfy employee tax obligation	9,841	'	29,182	'
Average share price for additional shares purchased	$12.78	'	$13.63	'

Revenue_Concentration_Addition

Revenue Concentration - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
	Clients	Clients	Clients	Clients
Revenue, Major Customer [Line Items]	'	'	'	'
Number of clients	3	1	1	1
Minimum [Member]	'	'	'	'
Revenue, Major Customer [Line Items]	'	'	'	'
Concentration of revenues by client	10.00%	10.00%	10.00%	10.00%
Top Ten Clients [Member] \| Sales Revenue Net [Member]	'	'	'	'
Revenue, Major Customer [Line Items]	'	'	'	'
Entity wide revenues major customer percentage	60.00%	56.00%	60.00%	57.00%
CGI [Member] \| Sales Revenue Net [Member]	'	'	'	'
Revenue, Major Customer [Line Items]	'	'	'	'
Entity wide revenues major customer percentage	10.20%	'	'	'
Accenture [Member] \| Sales Revenue Net [Member]	'	'	'	'
Revenue, Major Customer [Line Items]	'	'	'	'
Entity wide revenues major customer percentage	12.40%	12.60%	11.30%	11.10%
TEK Systems [Member] \| Sales Revenue Net [Member]	'	'	'	'
Revenue, Major Customer [Line Items]	'	'	'	'
Entity wide revenues major customer percentage	10.50%	'	'	'

Earnings_Per_Share_Additional_

Earnings Per Share - Additional Information (Detail)	3 Months Ended		9 Months Ended
Earnings Per Share - Additional Information (Detail)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Earnings Per Share [Abstract]	'	'	'	'
Anti-dilutive securities not included in computation of earnings per share	0	0	0	0

Subsequent_Event_Additional_In

Subsequent Event - Additional Information (Detail) (Subsequent Event [Member], Board of Directors [Member])	0 Months Ended
	Oct. 22, 2014
Subsequent Event [Member] \| Board of Directors [Member]	'
Subsequent Event [Line Items]	'
Shares subject to purchase under Share Repurchase Program	495,000
Share Repurchase Program period	'2 years
Share Repurchase Program expiration date	22-Dec-16