Mastech Digital (MHH) 10-Q 12 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Jul. 29, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Trading Symbol	MHH
Entity Registrant Name	Mastech Holdings, Inc.
Entity Central Index Key	1,437,226
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		4,397,005

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Revenues	$ 33,629	$ 29,305	$ 65,343	$ 56,365
Cost of revenues	26,740	23,790	52,341	46,163
Gross profit	6,889	5,515	13,002	10,202
Selling, general and administrative expenses	5,225	4,896	11,203	9,255
Income from operations	1,664	619	1,799	947
Interest (expense), net	(121)	(36)	(237)	(47)
Other income (expense), net	(18)	38	(20)	32
Income before income taxes	1,525	621	1,542	932
Income tax expense	580	239	586	355
Net income	$ 945	$ 382	$ 956	$ 577
Earnings per share:
Basic	$ 0.22	$ 0.09	$ 0.22	$ 0.13
Diluted	$ 0.21	$ 0.09	$ 0.21	$ 0.13
Weighted average common shares outstanding:
Basic	4,354	4,332	4,353	4,330
Diluted	4,451	4,436	4,450	4,437

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net income	$ 945	$ 382	$ 956	$ 577
Other comprehensive income (loss):
Total pretax net unrealized gain (loss)	(5)	(55)	(35)	(26)
Income tax (benefit)	(2)	(21)	(14)	(10)
Total other comprehensive (loss), net of taxes	(3)	(34)	(21)	(16)
Total comprehensive income	942	348	935	561
Currency Forward Contracts [Member]
Other comprehensive income (loss):
Total pretax net unrealized gain (loss)		(17)		12
Interest Rate Swap Contracts [Member]
Other comprehensive income (loss):
Total pretax net unrealized gain (loss)	$ (5)	$ (38)	$ (35)	$ (38)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 735	$ 848
Accounts receivable, net of allowance for uncollectible accounts of $338 in 2016 and $313 in 2015	16,214	16,394
Unbilled receivables	6,541	2,796
Prepaid and other current assets	731	587
Deferred income taxes	284	217
Total current assets	24,505	20,842
Equipment, enterprise software, and leasehold improvements, at cost:
Equipment	1,197	1,142
Enterprise software	645	645
Leasehold improvements	332	342
Total equipment, enterprise software, and leasehold improvements	2,174	2,129
Less - accumulated depreciation and amortization	(1,571)	(1,473)
Net equipment, enterprise software, and leasehold improvements	603	656
Deferred income taxes	99	92
Deferred financing costs, net	78	97
Non-current deposits	232	237
Goodwill	8,427	8,427
Intangible assets, net	7,720	8,126
Total assets	41,664	38,477
Current liabilities:
Current portion of long-term debt	1,800	1,800
Accounts payable	2,901	2,213
Accrued payroll and related costs	7,122	5,965
Accrued income taxes	232	1,014
Other accrued liabilities	573	603
Deferred revenue	204	341
Total current liabilities	12,832	11,936
Long-term liabilities:
Long-term debt, less current portion	11,913	10,738
Total liabilities	24,745	22,674
Commitments and contingent liabilities (Note 4)
Shareholders' equity:
Preferred Stock, no par value; 20,000,000 shares authorized; none outstanding
Common Stock, par value $.01; 125,000,000 shares authorized and 5,173,643 shares issued as of June 30, 2016 and 5,169,143 shares issued as of December 31, 2015	52	52
Additional paid-in-capital	13,295	13,114
Retained earnings	7,733	6,777
Accumulated other comprehensive loss	(40)	(19)
Treasury stock, at cost; 816,638 shares as of June 30, 2016 and December 31, 2015	(4,121)	(4,121)
Total shareholders' equity	16,919	15,803
Total liabilities and shareholders' equity	$ 41,664	$ 38,477

Condensed Consolidated Balance5

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Accounts receivable, allowance for uncollectible accounts	$ 338	$ 313
Preferred Stock, par value
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	5,173,643	5,169,143
Treasury stock, shares	816,638	816,638

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
OPERATING ACTIVITIES:
Net income	$ 956	$ 577
Adjustments to reconcile net income to cash provided by (used in) operating activities:
Depreciation and amortization	504	143
Bad debt expense	25
Interest amortization of deferred financing costs	19	11
Stock-based compensation expense	185	193
Deferred income taxes, net	(74)	(123)
(Gain) on derivative contract		(24)
Working capital items:
Accounts receivable and unbilled receivables	(3,590)	(1,845)
Prepaid and other current assets	(130)	316
Accounts payable	688	1,252
Accrued payroll and related costs	1,157	713
Other accrued liabilities	(847)
Deferred revenue	(137)	17
Net cash flows provided by (used in) operating activities	(1,244)	1,230
INVESTING ACTIVITIES:
Acquisition of Hudson IT		(16,987)
Recovery of non-current deposits	5	36
Capital expenditures	(45)	(104)
Net cash flows (used in) investing activities	(40)	(17,055)
FINANCING ACTIVITIES:
Borrowings on revolving credit facility, net	2,075	4,872
Borrowings (repayments) on term loan facility	(900)	9,000
Payment of deferred financing costs		(75)
Purchase of treasury stock		(201)
Proceeds from the exercise of stock options		17
Increase(decrease) in excess tax benefits related to stock options/restricted shares, net	(4)	134
Net cash flows provided by financing activities	1,171	13,747
Net change in cash and cash equivalents	(113)	(2,078)
Cash and cash equivalents, beginning of period	848	2,568
Cash and cash equivalents, end of period	$ 735	$ 490

Description of Business and Bas

Description of Business and Basis of Presentation	6 Months Ended
	Jun. 30, 2016
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 (the “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; service oriented architecture; web services; enterprise resource planning & customer resource management; eBusiness solutions; mobile applications; and the implementation and support for cloud-based applications. 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. Accounting Principles The accompanying 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, 2015, included in our Annual Report on Form 10-K filed with the SEC on March 25, 2016. Additionally, our operating results for the three and six months ended June 30, 2016 are not necessarily indicative of the results that can be expected for the year ending December 31, 2016 or for any other period. Principles of Consolidation The 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 Financial Statements and “Management’s Discussion and Analysis of Financial Condition and Results of Operations–Critical Accounting Policies and Estimates” in our Annual Report on Form 10-K for the year ended December 31, 2015 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 six months ended June 30, 2016. Segment Reporting The Company has one reportable segment in accordance with ASC Topic 280 “Disclosures About Segments of an Enterprise and Related Information”.

Business Combinations

Business Combinations	6 Months Ended
	Jun. 30, 2016
Business Combinations [Abstract]
Business Combinations	2. Business Combinations On June 15, 2015, the Company completed the cash acquisition of Hudson Global Resources Management, Inc.’s U.S. IT staffing business (“Hudson IT”). The acquisition supports Mastech’s growth strategy as a premier provider of IT staffing services by expanding its existing client base, increasing its domestic recruitment capabilities and strengthening its management talent. The acquisition was structured as an asset purchase and was accounted for using the acquisition method of accounting. The acquisition method of accounting requires that the assets acquired and liabilities assumed be measured at their fair values as of the closing date. The financial terms of the acquisition included a $16,987,000 purchase price and the assumption of $13,000 of net current liabilities, with the seller retaining essentially all working capital. The cash purchase price at closing was paid with funds obtained from the following sources: (in thousands) Amounts Cash balances on hand $ 2,000 Term loan facility 9,000 Revolving line of credit 5,987 Cash paid at Closing $ 16,987 The allocation of purchase price was based on estimates of the fair value of assets acquired and liabilities assumed as of June 15, 2015, as set forth below. The excess purchase price over the fair values of the net tangible assets and identifiable intangible assets was recorded as goodwill, which includes value associated with the assembled workforce. All goodwill is deductible for tax purposes. The valuation of net assets acquired is as follows: (in thousands) Amounts Current Assets $ 18 Fixed Assets 6 Identifiable intangible assets: Client relationships 7,999 Covenant not-to-compete 319 Trade name 249 Total identifiable intangible assets 8,567 Goodwill 8,427 Current liabilities (31 ) Net Assets Acquired $ 16,987 The fair value of identifiable intangible assets has been estimated using the income approach through a discounted cash flow analysis. Specifically, the Company used the income approach through an excess earnings analysis to determine the fair value of client relationships. The value applied to the covenant not-to-compete was based on an income approach using a “with or without” analysis of this covenant in place. The trade name was valued using the income approach – relief from royalty method. All identifiable intangibles are considered level 3 inputs under the fair value measurement and disclosures guidance. The Company incurred $549,000 of direct transaction costs related to the acquisition for the three months ended June 30, 2015 and $599,000 for the six months ended June 30, 2015. These costs are included in selling, general and administrative expenses in the accompanying Condensed Consolidated Statement of Operations. Included in the Condensed Consolidated Statement of Operations for the three and six month periods ended June 30, 2016 are revenues of $7.6 million and $14.3 million, respectively, and net income of approximately $0.4 million and $0.7 million, respectively, applicable to the Hudson IT operations. Included in the Condensed Consolidated Statement of Operations for the three and six month periods ended June 30, 2015 were revenues of $1.3 million and net income of approximately $0.1 million applicable to the Hudson IT operations. The following reflects the Company’s unaudited pro forma results had the results of Hudson IT been included for all periods presented: Three Months Ended Six Months Ended 2016 2015 2016 2015 (Amounts in Thousands) (Amounts in Thousands) Revenue $ 33,629 $ 35,532 $ 65,343 $ 70,094 Net income $ 945 $ 508 $ 956 $ 833 Earnings per share - diluted $ 0.21 $ 0.11 $ 0.21 $ 0.19 The information above related to the 2015 periods does not reflect all of the operating efficiencies or inefficiencies that may have resulted from the Hudson IT acquisition. Therefore, the pro forma information for those periods is not necessarily indicative of results that would have been achieved had the business been combined during all periods presented or the results that the Company will experience going forward.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets, net	6 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets, net	3. Goodwill and Other Intangible Assets, net Goodwill related to our June 15, 2015 acquisition of Hudson IT totaled $8.4 million. The Company is amortizing the identifiable intangible assets on a straight-line basis over estimated average lives ranging from 3 to 12 years. Intangible assets were comprised of the following as of June 30, 2016: As of June 30, 2016 (Amounts in thousands) Amortization Gross Carrying Accumulative Net Carrying Client relationships 12 $ 7,999 $ 694 $ 7,305 Covenant-not-to-compete 5 319 66 253 Trade name 3 249 87 162 Total Intangible Assets $ 8,567 $ 847 $ 7,720 Amortization expense for the three and six month periods ended June 30, 2016 was $203,000 and $406,000, respectively, and is included in selling, general and administrative expenses in the Condensed Consolidated Statement of Operations. Amortization expense for the three and six month periods ended June 30, 2015 was $34,000. The estimated aggregate amortization expense for intangible assets for the years ending December 31, 2016 through 2020 is as follows: Years Ended December 31, 2016 2017 2018 2019 2020 (Amounts in thousands) Amortization expense $ 813 $ 813 $ 769 $ 731 $ 696

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	4. Commitments and Contingencies Lease Commitments The Company rents certain office space and equipment under non-cancelable leases which provide for future minimum rental payments. Total lease commitments have not materially changed from the amounts disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015. 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	6 Months Ended
	Jun. 30, 2016
Compensation and Retirement Disclosure [Abstract]
Employee Benefit Plan	5. 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. Concurrent with the acquisition of Hudson IT, the Company expanded employee eligibility under the Retirement Plan to include all U.S. based W-2 hourly employees. Employees may contribute a percentage of eligible compensation to the Retirement Plan, subject to certain limits under the Code. For employees that were enrolled in the Hudson Employee Retirement Savings Plan under the Code at the acquisition date, the Company provides a matching contribution of 50% of the first 6% of the participant’s contributed pay, subject to vesting based on the combined tenure with Hudson and Mastech. For all other employees, the Company did not provide for any matching contributions for the six months ended June 30, 2016 and June 30, 2015. Mastech’s total contributions to the Retirement Plan for the three and six months ended June 30, 2016 related to the Hudson IT employees totaled approximately $28,000 and $55,000, respectively. Mastech’s contributions to the Retirement Plan for the three and six months ended June 30, 2015 related to the Hudson IT employees totaled $1,000.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	6. Stock-Based Compensation In 2008, the Company adopted a Stock Incentive Plan (the “Plan”) which, as amended, provides that up to 1,400,000 shares of the Company’s Common Stock shall be allocated for issuance to directors, officers and key personnel. The most recent amendment, approved by shareholder vote at the Company’s Annual Meeting of Shareholders on May 18, 2016 increased the number of shares of Common Stock that may be issued pursuant to the Plan by 200,000 shares to a total of 1,400,000. 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 six months ended June 30, 2016, there were -0- and 250,000 stock options grants made under this Plan. Additionally, during the six months ended June 30, 2016, approximately 79,000 performance shares expired unvested, as the underlying performance objective was not achieved. These shares are available for future grants under the Plan. During the three and six months ended June 30, 2015, there were 18,000 restricted stock grants made under this Plan. As of June 30, 2016 and December 31, 2015, there were 189,000 and 160,000 shares, respectively, available for grants under this Plan. Stock-based compensation expense for the three months ended June 30, 2016 and 2015 was $70,000 and $98,000, respectively, and for the six months ended June 30, 2016 and 2015 was $185,000 and $193,000, respectively. Stock-based compensation expense is included in selling, general and administrative expenses in the Condensed Consolidated Statements of Operations. During the three and six months ended June 30, 2016, the Company issued 4,500 shares related to the vesting of restricted stock. During the three and six months ended June 30, 2015, the Company issued 4,306 shares and 50,895 shares, respectively, related to the exercise of stock options and vesting of restricted stock and performance shares.

Credit Facility

Credit Facility	6 Months Ended
	Jun. 30, 2016
Text Block [Abstract]
Credit Facility	7. Credit Facility On June 15, 2015, the Company entered into a First Amendment to its Second Amended and Restated Loan Agreement (the “Amendment”) with PNC Bank, N.A. (“PNC”). The amended terms set forth in the Amendment include the following: (1) a reduction in the maximum principal amount available under the credit facility for revolving credit loans and letters of credit from $20 million to $17 million and an extension of the facility to June 15, 2018 from July 14, 2017; (2) the addition of a term-loan component in the principal amount of $9 million with an expiration date of June 15, 2020; (3) the approval of the Company’s acquisition of Hudson IT; and (4) an amendment to the financial covenant relating to the Company’s fixed charge ratio and the elimination of a financial covenant relating to the Company’s senior leverage ratio, as more fully described in the Amendment filed as Exhibit 10.1 to the Company’s Form 8-K, filed with the SEC on June 17, 2015. Advances under the credit facility for revolving credit loans are limited to a borrowing base that consists of the sum of 85% of eligible accounts receivable and 60% of eligible unbilled receivables. Amounts borrowed under the facility may be used for working capital and general corporate purposes, for the issuance of standby letters of credit, and to facilitate other acquisitions and stock repurchases. Initial borrowings under the revolving credit facility for the acquisition of Hudson IT totaled $6.0 million. Amounts borrowed under the term loan were limited to use for the Company’s acquisition of Hudson IT. The term loan is payable in 60 consecutive monthly installments, each in the amount of $150,000 commencing on July 1, 2015 and on the first day of each calendar month thereafter followed by a final payment of all outstanding principal and interest due on June 15, 2020. Borrowings under the credit facility for revolving credit loans and the term loan will, at the Company’s election, bear interest at either (a) the higher of PNC’s prime rate or the federal funds rate plus 0.50%, plus an applicable margin determined based upon the Company’s leverage ratio or (b) an adjusted LIBOR rate, plus an applicable margin determined based upon the Company’s leverage ratio. The applicable margin on the base rate is between 0.25% and 0.75% on revolving credit loans and between 1.50% and 2.00% on term loans. The applicable margin on the adjusted LIBOR rate is between 1.25% and 1.75% on revolving credit loans and between 2.50% and 3.00% on term loans. A 20 basis point per annum commitment fee on the unused portion of the credit facility for revolving credit loans is charged and due monthly in arrears through June 15, 2018. The Company has pledged substantially all of its assets in support of the credit facility. The loan agreement contains standard financial covenants, including, but not limited to, covenants related to the Company’s leverage ratio and fixed charge ratio (as defined under the loan agreement) and limitations on liens, indebtedness, guarantees, contingent liabilities, loans and investments, distributions, leases, asset sales, stock repurchases and mergers and acquisitions. As of June 30, 2016, the Company was in compliance with all provisions under the facility. In connection with securing the Amendment, the Company paid a commitment fee and incurred transaction costs totaling $75,000, which are being amortized as interest expense over the lives of the facilities. During first quarter of 2016, we adopted ASU 2015-03 and ASU 2015-15 which resulted in no change to our presentation of these costs as the majority of our debt issuance costs related to our line of credit which continue to be presented as an asset on our balance sheet under the caption “Deferred financing costs, net”. As of June 30, 2016, the Company’s outstanding borrowings under the credit facility for revolving credit loans totaled $6.5 million and unused borrowing capacity available was $10.7 million. The Company’s outstanding borrowings under the term loan were $7.2 million at June 30, 2016. The Company believes the eligible borrowing base on the revolving credit facility will not fall below current outstanding borrowings for a period of time exceeding one year and has classified the $6.5 million outstanding debt balance at June 30, 2016 as long-term.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	8. Income Taxes The components of income before income taxes, as shown in the accompanying Financial Statements, consisted of the following for the three and six months ended June 30, 2016 and 2015: Three Months Ended Six Months Ended 2016 2015 2016 2015 (Amounts in thousands) (Amounts in thousands) Income before income taxes: Domestic $ 1,525 $ 621 $ 1,542 $ 932 Foreign — — — — Income before income taxes $ 1,525 $ 621 $ 1,542 $ 932 While all of the Company’s revenues and income is generated within the United States, the Company does have a foreign subsidiary in India which provides recruitment services to its U.S. operations. Accordingly, the Company allocates a portion of its income to this subsidiary based on a “transfer pricing” model. No provision for U.S. income taxes has been made for the undistributed earnings of its Indian subsidiary as of June 30, 2016, as those earnings are expected to be permanently reinvested outside the U.S. If these foreign earnings were to be repatriated in the future, the U.S. tax liability may be reduced by any foreign income taxes previously paid on such earnings, which would make this U.S. tax liability immaterial. The determination of the amount of unrecognized deferred tax liability related to these earnings is not practicable. The provision for income taxes, as shown in the accompanying Financial Statements, consisted of the following for the three and six months ended June 30, 2016 and 2015: Three Months Ended Six Months Ended 2016 2015 2016 2015 (Amounts in thousands) (Amounts in thousands) Current provision: Federal $ 348 $ 252 $ 583 $ 430 State 30 31 64 48 Total current provision 378 283 647 478 Deferred (benefit): Federal 176 (38 ) (53 ) (107 ) State 26 (6 ) (8 ) (16 ) Total deferred (benefit) 202 (44 ) (61 ) (123 ) Total provision for income taxes $ 580 $ 239 $ 586 $ 355 The reconciliation of income taxes computed using the statutory U.S. income tax rate and the provision for income taxes for the three and six months ended June 30, 2016 and 2015 were as follows (amounts in thousands): Three Months Ended Three Months Ended Income taxes computed at the federal statutory rate $ 519 34.0 % $ 211 34.0 % State income taxes, net of federal tax benefit 56 3.7 25 4.0 Other – net 5 0.3 3 0.5 $ 580 38.0 % $ 239 38.5 % Six Months Ended Six Months Ended Income taxes computed at the federal statutory rate $ 524 34.0 % $ 317 34.0 % State income taxes, net of federal tax benefit 56 3.6 32 3.5 Other – net 6 0.4 6 0.6 $ 586 38.0 % $ 355 38.1 % 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) Six Months Ended Balance as of December 31, 2015 $ 135 Additions related to current period 14 Additions related to prior periods — Reductions related to prior periods — Balance as of June 30, 2016 $ 149 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 $27,000 during the next twelve months due to the expiration of the statutes of limitation.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	6 Months Ended
	Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	9. Derivative Instruments and Hedging Activities Interest Rate Risk Management Concurrent with the Company’s June 15, 2015 borrowings under the $9 million term loan facility, the Company entered into a five-year interest-rate swap to convert the debt’s variable interest rate to a fixed rate of interest. Under the swap contracts, the Company pays interest at a fixed rate of 1.515% and receives interest at a variable rate equal to the daily U.S. LIBOR rate on a notional amount of $5,000,000. Both the debt and the swap contracts mature in 60-monthly installments commencing on July 1, 2015. These swap contracts have been designated as cash flow hedging instruments and qualified as effective hedges at inception under ASC Topic 815, “Derivatives and Hedging”. These contracts 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 Condensed Consolidated Statements of Operations as interest expense in the same period in which the underlying hedge transaction affects earnings. Changes in the fair value of interest-rate swap contracts deemed ineffective are recognized in the Condensed Consolidated Statement of Operations as interest expense. The fair value of the interest-rate swap contracts at June 30, 2016 was a liability of $66,000 and is reflected in the Condensed Consolidated Balance Sheet as other current liabilities. Foreign Currency Risk Management During 2012 through 2015, the Company entered 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 were designated as cash flow hedging instruments and qualified as effective hedges at inception under ASC Topic 815, “ Derivatives and Hedging 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 Amount of Location of Amount of Location of Amount of (Effective Portion) (Effective Portion) (Effective Portion) (Ineffective Portion/Amounts excluded from effectiveness testing) For the Three Months Ended June 30, 2016: Interest- Rate Swap Contract $ (5 ) Interest Expense $ (11 ) Interest Expense $ — For the Six Months Ended June 30, 2016: Interest- Rate Swap Contract $ (35 ) Interest Expense $ (22 ) Interest Expense $ — For the Three Months Ended June 30, 2015: Currency Forward Contracts $ (17 ) SG&A Expense $ (13 ) Other Income/(Expense) $ 44 Interest- Rate Swap Contract $ (38 ) Interest Expense $ (3 ) Interest Expense $ — For the Six Months Ended June 30, 2015: Currency Forward Contracts $ 12 SG&A Expense $ (17 ) Other Income/(Expense) $ 43 Interest- Rate Swap Contract $ (38 ) Interest Expense $ (3 ) Interest Expense $ — Information on the location and amounts of derivative fair values in the Condensed Consolidated Balance Sheets (in thousands): June 30, 2016 December 31, 2015 Derivative Instruments Balance Sheet Location Fair Value Balance Sheet Location Fair Value Interest-Rate Swap Contracts Other Current $ 66 Other Current $ 31 The estimated amount of pretax losses as of June 30, 2016 that is expected to be reclassified from other comprehensive income (loss) into earnings within the next 12 months is approximately ($0.1 million).

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	10. 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 June 30, 2016 and December 31, 2015, the Company carried the following financial liabilities at fair value measured on a recurring basis (in thousands): Fair Value as of June 30, 2016 Level 1 Level 2 Level 3 Total (Amounts in thousands) Interest-Rate Swap Contracts $ 0 $ (66 ) $ 0 $ (66 ) Fair Value as of December 31, 2015 Level 1 Level 2 Level 3 Total (Amounts in thousands) Interest-Rate Swap Contracts $ 0 $ (31 ) $ 0 $ (31 )

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Shareholders' Equity	11. Shareholders’ Equity As of June 30, 2016, the Company had 472,238 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, 2016. During the six months ended June 30, 2016, the Company did not repurchase any shares under this program. During the three months ended June 30, 2015, the Company repurchased no shares of Common Stock. During the six months ended June 30, 2015, the Company repurchased 12,654 shares of Common Stock under this program at an average price of $9.49 per share. Additionally, the Company purchased an additional 8,237 shares to satisfy employee tax obligations related to the vesting of performance shares at a share price of $9.74.

Revenue Concentration

Revenue Concentration	6 Months Ended
	Jun. 30, 2016
Risks and Uncertainties [Abstract]
Revenue Concentration	12. Revenue Concentration For the three and six months ended June 30, 2016, the Company did not have any clients that exceeded 10% of total revenue. For the three and six months ended June 30, 2015, the Company had one client that exceeded 10% of total revenue (Accenture = 10.9% and 11.9%, respectively). The Company’s top ten clients represented approximately 44% and 55% of total revenues for the three months ended June 30, 2016 and June 30, 2015, respectively. For the six months ended June 30, 2016 and June 30, 2015, the Company’s top ten clients represented approximately 43% and 57% of total revenues, respectively.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2016
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 reflects the potential dilution that could occur if outstanding stock options were exercised. The dilutive effect of stock options was calculated using the treasury stock method. For the three months ended June 30, 2016, there were 254,759 anti-dilutive stock options excluded from the computation of diluted earnings per share. For the six months ended June 30, 2016, there were 172,341 anti-dilutive stock options excluded from the computation of diluted earnings per share. For the three and six months ended June 30, 2015, there were no anti-dilutive stock options excluded from the computation of diluted earnings per share.

Severance Charges

Severance Charges	6 Months Ended
	Jun. 30, 2016
Text Block [Abstract]
Severance Charges	14. Severance Charges During the three and six month periods ending June 30, 2016, the Company incurred no severance costs and $780,000 (pre-tax), respectively. This severance costs related to several changes in executive leadership. The Company incurred severance costs of $305,000 (pre-tax) in the six month period ended June 30, 2015 related to a change in sales leadership. No severance costs were incurred during the three months ended June 30, 2015.

Recently Issued Accounting Stan

Recently Issued Accounting Standards	6 Months Ended
	Jun. 30, 2016
Accounting Changes and Error Corrections [Abstract]
Recently Issued Accounting Standards	15. Recently Issued Accounting Standards In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09, “Revenue from Contracts with Customers,” which provides for a single five-step model to be applied to all revenue contracts with customers. The new guidance also requires additional financial statement disclosures that will enable users to understand the nature, amount, timing and uncertainty of revenue and cash flows relating to customer contracts. Entities can use either a retrospective approach or a cumulative effect adjustment approach to implement the guidance. In 2015, the FASB issued a deferral of the effective date of the guidance to 2018, with early adoption permitted in 2017. In 2016, the FASB issued ASU 2016-08, ASU 2016-10 and ASU 2016-12 as amendments to ASU 2014-09 to clarify the implementation guidance for 1) principal versus agent considerations, 2) identifying performance obligations, 3) the accounting for licenses of intellectual property and 4) narrow scope improvements on assessing collectability, presentation of sales taxes, non-cash consideration and completed contracts and contract modifications at transition. The Company is evaluating the method of adoption of this ASU, but does not expect the adoption to have a material impact on its consolidated financial statements. In April 2015, the FASB issued ASU 2015-03, “Interest Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs”. ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. Prior to the adoption of ASU 2015-03, we recognized debt issuance costs as assets on our balance sheet. The recognition and measurement guidance for debt issuance costs are not affected by ASU 2015-03. ASU 2015-03 is effective for annual and interim periods beginning after December 15, 2015 and early adoption is permitted. In August 2015, the FASB issued ASU 2015-15, “Interest – Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements”. ASU 2015-15 clarifies that the SEC would not object to an entity deferring and presenting debt issuance costs related to a line-of-credit arrangement as an asset on the balance sheet. We adopted ASU 2015-03 and ASU 2015-15 in the first quarter of 2016 and there was no material impact on our consolidated statement of financial position as the majority of our debt issuance costs related to our line of credit, which continues to be presented as an asset on our balance sheet (under the caption “Deferred financing costs, net”), and neither ASU 2015-03 or ASU 2015-15 had an impact on our results of operations or cash flows. In November 2015, the FASB issued ASU 2015-17, “Balance Sheet Classification of Deferred Taxes.” Current GAAP requires an entity to separate deferred income tax liabilities and assets into current and noncurrent amounts on the balance sheet. To simplify the presentation of deferred income taxes, the amendments in this Update require that deferred tax liabilities and assets be classified as noncurrent on the balance sheet. The amendments in this Update are effective for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Accordingly, we plan to adopt this ASU on January 1, 2017. In January 2016, the FASB issued ASU 2016-01, “Financial Instruments – Overall (Subtopic 825-10) - Recognition and Measurement of Financial Assets and Financial Liabilities”, which amends certain aspects of recognition, measurement, presentation and disclosure of financial instruments. This amendment requires all equity investments to be measured at fair value with changes in the fair value recognized through net income (other than those accounted for under the equity method of accounting or those that result in consolidation of the investee). This standard will be effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. We are evaluating the impact the adoption of ASU 2016-01 will have on our consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)”. The main difference between the current requirement under GAAP and ASU 2016-02 is the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases. ASU 2016-02 requires that a lessee recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term (other than leases that meet the definition of a short-term lease). The liability will be equal to the present value of the lease payment. The lease asset will be based on the liability, subject to adjustment, such as for initial direct costs. For income statement purposes, the FASB retained a dual model, requiring leases to be classified as either operating or finance. Operating leases will result in straight-line expense (similar to current operating leases) while finance leases will result in a front-loaded expense pattern (similar to current capital leases). Classification will be based on the criteria that are largely similar to those applied in current lease accounting. For lessors, the guidance modifies the classification criteria and the accounting for sales-type and direct financing leases. ASU 2016-02 is effective for annual and interim periods beginning after December 15, 2018 and early adoption is permitted. ASU 2016-02 must be adopted using a modified retrospective transition and provides for certain practical expedients. Transition will require application of the new guidance at the beginning of the earliest comparative period presented. We are currently assessing the potential impact of ASU 2016-02 and expect adoption will have a material impact on our consolidated financial condition and result of operations. In March, 2016, the FASB issued ASU 2016-09 “Compensation – Stock Compensation (Topic 718) - Improvements to Employee Share-Based Payment Accounting”. The Board issued this Update as part of its Simplification Initiative whose objective is to identify, evaluate, and improve areas of GAAP for which cost and complexity can be reduced while maintaining or improving the usefulness of the information provided to users of financial statements. The areas for simplification in this Update involve several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The amendments in this Update are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted for any entity in any interim or annual period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. An entity that elects early adoption must adopt all of the amendments in the same period. The Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements. A variety of proposed or otherwise potential accounting standards are currently under consideration by standard-setting organizations and certain regulatory agencies. Because of the tentative and preliminary nature of such proposed standards, management has not yet determined the effect, if any, that the implementation of such proposed standards would have on the Company’s consolidated financial statements.

Description of Business and B22

Description of Business and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2016
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; service oriented architecture; web services; enterprise resource planning & customer resource management; eBusiness solutions; mobile applications; and the implementation and support for cloud-based applications. 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.
Accounting Principles	Accounting Principles The accompanying 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, 2015, included in our Annual Report on Form 10-K filed with the SEC on March 25, 2016. Additionally, our operating results for the three and six months ended June 30, 2016 are not necessarily indicative of the results that can be expected for the year ending December 31, 2016 or for any other period.
Principles of Consolidation	Principles of Consolidation The 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 Financial Statements and “Management’s Discussion and Analysis of Financial Condition and Results of Operations–Critical Accounting Policies and Estimates” in our Annual Report on Form 10-K for the year ended December 31, 2015 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 six months ended June 30, 2016.
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”.

Business Combinations (Tables)

Business Combinations (Tables)	6 Months Ended
	Jun. 30, 2016
Business Combinations [Abstract]
Schedule of Sources of Funds in Business Acquisition	The cash purchase price at closing was paid with funds obtained from the following sources: (in thousands) Amounts Cash balances on hand $ 2,000 Term loan facility 9,000 Revolving line of credit 5,987 Cash paid at Closing $ 16,987
Schedule of Valuation of Net Assets Acquired	The valuation of net assets acquired is as follows: (in thousands) Amounts Current Assets $ 18 Fixed Assets 6 Identifiable intangible assets: Client relationships 7,999 Covenant not-to-compete 319 Trade name 249 Total identifiable intangible assets 8,567 Goodwill 8,427 Current liabilities (31 ) Net Assets Acquired $ 16,987
Summary of Unaudited Pro Forma Results of Hudson IT	The following reflects the Company’s unaudited pro forma results had the results of Hudson IT been included for all periods presented: Three Months Ended Six Months Ended 2016 2015 2016 2015 (Amounts in Thousands) (Amounts in Thousands) Revenue $ 33,629 $ 35,532 $ 65,343 $ 70,094 Net income $ 945 $ 508 $ 956 $ 833 Earnings per share - diluted $ 0.21 $ 0.11 $ 0.21 $ 0.19

Goodwill and Other Intangible24

Goodwill and Other Intangible Assets, net (Tables)	6 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Components of Intangible assets	Intangible assets were comprised of the following as of June 30, 2016: As of June 30, 2016 (Amounts in thousands) Amortization Gross Carrying Accumulative Net Carrying Client relationships 12 $ 7,999 $ 694 $ 7,305 Covenant-not-to-compete 5 319 66 253 Trade name 3 249 87 162 Total Intangible Assets $ 8,567 $ 847 $ 7,720
Schedule of Estimated Amortization Expense	The estimated aggregate amortization expense for intangible assets for the years ending December 31, 2016 through 2020 is as follows: Years Ended December 31, 2016 2017 2018 2019 2020 (Amounts in thousands) Amortization expense $ 813 $ 813 $ 769 $ 731 $ 696

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Components of Income Before Income Taxes	The components of income before income taxes, as shown in the accompanying Financial Statements, consisted of the following for the three and six months ended June 30, 2016 and 2015: Three Months Ended Six Months Ended 2016 2015 2016 2015 (Amounts in thousands) (Amounts in thousands) Income before income taxes: Domestic $ 1,525 $ 621 $ 1,542 $ 932 Foreign — — — — Income before income taxes $ 1,525 $ 621 $ 1,542 $ 932
Provision for Income Taxes	The provision for income taxes, as shown in the accompanying Financial Statements, consisted of the following for the three and six months ended June 30, 2016 and 2015: Three Months Ended Six Months Ended 2016 2015 2016 2015 (Amounts in thousands) (Amounts in thousands) Current provision: Federal $ 348 $ 252 $ 583 $ 430 State 30 31 64 48 Total current provision 378 283 647 478 Deferred (benefit): Federal 176 (38 ) (53 ) (107 ) State 26 (6 ) (8 ) (16 ) Total deferred (benefit) 202 (44 ) (61 ) (123 ) Total provision for income taxes $ 580 $ 239 $ 586 $ 355
Reconciliation of Income Taxes	The reconciliation of income taxes computed using the statutory U.S. income tax rate and the provision for income taxes for the three and six months ended June 30, 2016 and 2015 were as follows (amounts in thousands): Three Months Ended Three Months Ended Income taxes computed at the federal statutory rate $ 519 34.0 % $ 211 34.0 % State income taxes, net of federal tax benefit 56 3.7 25 4.0 Other – net 5 0.3 3 0.5 $ 580 38.0 % $ 239 38.5 % Six Months Ended Six Months Ended Income taxes computed at the federal statutory rate $ 524 34.0 % $ 317 34.0 % State income taxes, net of federal tax benefit 56 3.6 32 3.5 Other – net 6 0.4 6 0.6 $ 586 38.0 % $ 355 38.1 %
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) Six Months Ended Balance as of December 31, 2015 $ 135 Additions related to current period 14 Additions related to prior periods — Reductions related to prior periods — Balance as of June 30, 2016 $ 149

Derivative Instruments and He26

Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
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 Amount of Location of Amount of Location of Amount of (Effective Portion) (Effective Portion) (Effective Portion) (Ineffective Portion/Amounts excluded from effectiveness testing) For the Three Months Ended June 30, 2016: Interest- Rate Swap Contract $ (5 ) Interest Expense $ (11 ) Interest Expense $ — For the Six Months Ended June 30, 2016: Interest- Rate Swap Contract $ (35 ) Interest Expense $ (22 ) Interest Expense $ — For the Three Months Ended June 30, 2015: Currency Forward Contracts $ (17 ) SG&A Expense $ (13 ) Other Income/(Expense) $ 44 Interest- Rate Swap Contract $ (38 ) Interest Expense $ (3 ) Interest Expense $ — For the Six Months Ended June 30, 2015: Currency Forward Contracts $ 12 SG&A Expense $ (17 ) Other Income/(Expense) $ 43 Interest- Rate Swap Contract $ (38 ) Interest Expense $ (3 ) Interest 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): June 30, 2016 December 31, 2015 Derivative Instruments Balance Sheet Location Fair Value Balance Sheet Location Fair Value Interest-Rate Swap Contracts Other Current $ 66 Other Current $ 31

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Summary of Financial Liabilities at Fair Value Measured on Recurring Basis	At June 30, 2016 and December 31, 2015, the Company carried the following financial liabilities at fair value measured on a recurring basis (in thousands): Fair Value as of June 30, 2016 Level 1 Level 2 Level 3 Total (Amounts in thousands) Interest-Rate Swap Contracts $ 0 $ (66 ) $ 0 $ (66 ) Fair Value as of December 31, 2015 Level 1 Level 2 Level 3 Total (Amounts in thousands) Interest-Rate Swap Contracts $ 0 $ (31 ) $ 0 $ (31 )

Description of Business and B28

Description of Business and Basis of Presentation - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2016Segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segment	1

Business Combinations - Additio

Business Combinations - Additional Information (Detail) - USD ($)	Jun. 15, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Business Acquisition [Line Items]
Purchase price of acquisition					$ 16,987,000
Revenues		$ 33,629,000	$ 29,305,000	$ 65,343,000	56,365,000
Net income		945,000	382,000	956,000	577,000
Hudson IT [Member]
Business Acquisition [Line Items]
Purchase price of acquisition	$ 16,987,000
Liabilities assumed in acquisition	$ 13,000
Direct transaction costs related to acquisition			549,000		599,000
Revenues		7,600,000	1,300,000	14,300,000	1,300,000
Net income		$ 400,000	$ 100,000	$ 700,000	$ 100,000

Business Combinations - Summary

Business Combinations - Summary of Source of Funds (Detail) - USD ($) $ in Thousands	Jun. 15, 2015	Jun. 30, 2015	Jun. 30, 2016
Business Acquisition [Line Items]
Cash paid at Closing		$ 16,987
Term Loan Facility [Member]
Business Acquisition [Line Items]
Outstanding borrowings amount			$ 7,200
Revolving Line of Credit [Member]
Business Acquisition [Line Items]
Outstanding borrowings amount			$ 6,500
Hudson IT [Member]
Business Acquisition [Line Items]
Cash balances on hand	$ 2,000
Cash paid at Closing	16,987
Hudson IT [Member] | Term Loan Facility [Member]
Business Acquisition [Line Items]
Outstanding borrowings amount	9,000
Hudson IT [Member] | Revolving Line of Credit [Member]
Business Acquisition [Line Items]
Outstanding borrowings amount	$ 5,987

Business Combinations - Schedul

Business Combinations - Schedule of Valuation of Net Assets Acquired (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015	Jun. 15, 2015
Identifiable intangible assets:
Goodwill	$ 8,427	$ 8,427
Hudson IT [Member]
Business Acquisition [Line Items]
Current Assets			$ 18
Fixed Assets			6
Identifiable intangible assets:
Identifiable intangible assets			8,567
Goodwill			8,427
Current liabilities			(31)
Net Assets Acquired			16,987
Hudson IT [Member] | Trade Name [Member]
Identifiable intangible assets:
Identifiable intangible assets			249
Hudson IT [Member] | Covenant Not-to-Compete [Member]
Identifiable intangible assets:
Identifiable intangible assets			319
Hudson IT [Member] | Client Relationships [Member]
Identifiable intangible assets:
Identifiable intangible assets			$ 7,999

Business Combinations - Summa32

Business Combinations - Summary of Unaudited Pro Forma Results of Hudson IT (Detail) - Hudson IT [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Business Acquisition [Line Items]
Revenue	$ 33,629	$ 35,532	$ 65,343	$ 70,094
Net income	$ 945	$ 508	$ 956	$ 833
Earnings per share - diluted	$ 0.21	$ 0.11	$ 0.21	$ 0.19

Goodwill and Other Intangible33

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	Jun. 15, 2015
Goodwill and Intangible Assets [Line Items]
Goodwill	$ 8,427,000		$ 8,427,000		$ 8,427,000
Amortization expense	$ 203,000	$ 34,000	$ 406,000	$ 34,000
Minimum [Member]
Goodwill and Intangible Assets [Line Items]
Estimated useful life, intangible assets			3 years
Maximum [Member]
Goodwill and Intangible Assets [Line Items]
Estimated useful life, intangible assets			12 years
Hudson IT [Member]
Goodwill and Intangible Assets [Line Items]
Goodwill						$ 8,427,000

Goodwill and Other Intangible34

Goodwill and Other Intangible Assets - Components of Goodwill and Other Intangible Assets (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Goodwill and Intangible Assets [Line Items]
Total Intangible Assets, Gross Carrying Value	$ 8,567
Intangible Assets, Accumulated Amortization	847
Total Intangible Assets, Net Carrying Value	$ 7,720	$ 8,126
Client Relationships [Member]
Goodwill and Intangible Assets [Line Items]
Amortization Period (In Years)	12 years
Intangible Assets, Gross Carrying Value	$ 7,999
Intangible Assets, Accumulated Amortization	694
Intangible Assets, Net Carrying Value	$ 7,305
Covenant Not-to-Compete [Member]
Goodwill and Intangible Assets [Line Items]
Amortization Period (In Years)	5 years
Intangible Assets, Gross Carrying Value	$ 319
Intangible Assets, Accumulated Amortization	66
Intangible Assets, Net Carrying Value	$ 253
Trade Name [Member]
Goodwill and Intangible Assets [Line Items]
Amortization Period (In Years)	3 years
Intangible Assets, Gross Carrying Value	$ 249
Intangible Assets, Accumulated Amortization	87
Intangible Assets, Net Carrying Value	$ 162

Goodwill and Other Intangible35

Goodwill and Other Intangible Assets - Schedule of Estimated Amortization Expense (Detail) $ in Thousands	Jun. 30, 2016USD ($)
Intangible Liability Disclosure [Abstract]
Estimated aggregate amortization expense reminder of 2016	$ 813
Estimated aggregate amortization expense for year ending 2017	813
Estimated aggregate amortization expense for year ending 2018	769
Estimated aggregate amortization expense for year ending 2019	731
Estimated aggregate amortization expense for year ending 2020	$ 696

Employee Benefit Plan - Additio

Employee Benefit Plan - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Defined Benefit Plan Disclosure [Line Items]
Matching contributions			$ 0	$ 0
Hudson Employee Retirement Savings Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Percentage of company's matching contribution			50.00%
Percentage of employees eligible earnings for company's matching contribution			6.00%
Total contributions to the retirement plan	$ 28,000	$ 1,000	$ 55,000	$ 1,000

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	May 18, 2016	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	Dec. 31, 2008
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate number of shares authorized							1,400,000
Shares available for grants		189,000		189,000		160,000
Stock-based compensation expense				$ 185,000	$ 193,000
Number of shares issued related to vesting of restricted stock		4,500		4,500
Number of shares issued related to exercise of stock options			4,306		50,895
Selling, General and Administrative Expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense		$ 70,000	$ 98,000	$ 185,000	$ 193,000
Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate number of shares authorized	1,400,000
Stock options granted		0		250,000
Number of additional shares authorized for issuance	200,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted			18,000		18,000
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of unvested shares expired				79,000

Credit Facility - Additional in

Credit Facility - Additional information (Detail)	Jun. 15, 2015USD ($)Installments	Jun. 30, 2016USD ($)	Dec. 31, 2015USD ($)	Jun. 14, 2015USD ($)
Line of Credit Facility [Line Items]
Percentage of eligible accounts receivable	85.00%
Percentage of eligible unbilled accounts	60.00%
Number of monthly installments of term loan | Installments	60
Term loan, periodic payment	$ 150,000
Commitment fee	0.20%
Current borrowing capacity under line of credit facility		$ 10,700,000
Current portion of long-term debt		1,800,000	$ 1,800,000
Revolving Line of Credit [Member]
Line of Credit Facility [Line Items]
Outstanding borrowings amount		6,500,000
Current portion of long-term debt		6,500,000
Revolving Line of Credit [Member] | Hudson IT [Member]
Line of Credit Facility [Line Items]
Outstanding borrowings amount	$ 5,987,000
Term Loan Facility [Member]
Line of Credit Facility [Line Items]
Outstanding borrowings amount		$ 7,200,000
Term Loan Facility [Member] | Hudson IT [Member]
Line of Credit Facility [Line Items]
Outstanding borrowings amount	$ 9,000,000
Federal Funds Rate [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.50%
PNC Bank, N.A. [Member]
Line of Credit Facility [Line Items]
Credit facility maximum borrowing capacity				$ 20,000,000
Transaction cost	$ 75,000
PNC Bank, N.A. [Member] | Revolving Line of Credit [Member]
Line of Credit Facility [Line Items]
Credit facility maximum borrowing capacity	$ 17,000,000
Credit facility expiration date	Jun. 15, 2018
PNC Bank, N.A. [Member] | Term Loan Facility [Member]
Line of Credit Facility [Line Items]
Credit facility maximum borrowing capacity	$ 9,000,000
Credit facility expiration date	Jun. 15, 2020
Maximum [Member]
Line of Credit Facility [Line Items]
Revolving credit facility percentage margin over base rate	0.75%
Term loan percentage margin over base rate	2.00%
Revolving credit facility percentage margin adjusted LIBOR rate	1.75%
Term loan percentage margin adjusted LIBOR rate	3.00%
Maximum [Member] | Revolving Line of Credit [Member] | Hudson IT [Member]
Line of Credit Facility [Line Items]
Outstanding borrowings amount	$ 5,987,000
Minimum [Member]
Line of Credit Facility [Line Items]
Revolving credit facility percentage margin over base rate	0.25%
Term loan percentage margin over base rate	1.50%
Revolving credit facility percentage margin adjusted LIBOR rate	1.25%
Term loan percentage margin adjusted LIBOR rate	2.50%

Income Taxes - Components of In

Income Taxes - Components of Income Before Income Taxes (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income before income taxes:
Domestic	$ 1,525	$ 621	$ 1,542	$ 932
Foreign	0	0	0	0
Income before income taxes	$ 1,525	$ 621	$ 1,542	$ 932

Income Taxes - Provision for In

Income Taxes - Provision for Income Taxes (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Current provision:
Federal	$ 348	$ 252	$ 583	$ 430
State	30	31	64	48
Total current provision	378	283	647	478
Deferred (benefit):
Federal	176	(38)	(53)	(107)
State	26	(6)	(8)	(16)
Total deferred (benefit)	202	(44)	(61)	(123)
Total provision for income taxes	$ 580	$ 239	$ 586	$ 355

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Income Taxes (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income taxes computed at the federal statutory rate, Value	$ 519	$ 211	$ 524	$ 317
State income taxes, net of federal tax benefit, Value	56	25	56	32
Other - net, Value	5	3	6	6
Total provision for income taxes	$ 580	$ 239	$ 586	$ 355
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	3.70%	4.00%	3.60%	3.50%
Other - net, Rate	0.30%	0.50%	0.40%	0.60%
Effective for income tax rate, Total	38.00%	38.50%	38.00%	38.10%

Income Taxes - Unrecognized Tax

Income Taxes - Unrecognized Tax Benefits Related to Uncertain Tax Positions (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)
Income Tax Disclosure [Abstract]
Balance as of December 31, 2015	$ 135
Additions related to current period	14
Additions related to prior periods	0
Reductions related to prior periods	0
Balance as of June 30, 2016	$ 149

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2016USD ($)
Income Tax Disclosure [Abstract]
Estimated amount of unrecognized tax benefits that could be reduced due to the expiration of the statute of limitations	$ 27,000

Derivative Instruments and He44

Derivative Instruments and Hedging Activities - Additional Information (Detail)	3 Months Ended	6 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2016USD ($)Installment	Dec. 31, 2015USD ($)	Jun. 15, 2015USD ($)
Derivative [Line Items]
Outstanding currency hedge positions	$ 0	$ 0
Interest Rate Swap Contracts [Member] | Other Current Liabilities [Member]
Derivative [Line Items]
Liability of fair value of the interest rate swap contracts	66,000	66,000	$ 31,000
Interest Rate Risk Management [Member] | Term Loan Facility [Member]
Derivative [Line Items]
Term loan facility				$ 9,000,000
Interest Rate Risk Management [Member] | Interest Rate Swap Contracts [Member]
Derivative [Line Items]
Notional amount	$ 5,000,000	$ 5,000,000
Number of equal monthly installments | Installment		60
Fixed rate of interest in swap contracts	1.515%	1.515%
Interest Rate Risk Management [Member] | Interest Rate Swap Contracts [Member] | Other Current Liabilities [Member]
Derivative [Line Items]
Liability of fair value of the interest rate swap contracts	$ 66,000	$ 66,000
Designated as Hedging Instrument [Member] | Currency Hedge and Interest Rate Swap [Member]
Derivative [Line Items]
Estimated amount of pretax gains from other comprehensive income (loss)	$ (100,000)

Derivative Instruments and He45

Derivative Instruments and Hedging Activities - Effect of Derivative Instruments on Condensed Consolidated Statements of Operations and Comprehensive Income (Detail) - Cash Flow Hedging Relationships [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Currency Forward Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain / (Loss) recognized in OCI on Derivatives		$ (17)		$ 12
Currency Forward Contracts [Member] | Selling, General and Administrative Expenses [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain / (Loss) reclassified from Accumulated OCI to Income (Expense)		(13)		(17)
Currency Forward Contracts [Member] | Other Income/(Expense) [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain / (Loss) recognized in Income (Expense) on Derivatives		44		43
Interest Rate Swap Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain / (Loss) recognized in OCI on Derivatives	$ (5)	(38)	$ (35)	(38)
Interest Rate Swap Contracts [Member] | Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain / (Loss) reclassified from Accumulated OCI to Income (Expense)	$ (11)	$ (3)	$ (22)	$ (3)

Derivative Instruments and He46

Derivative Instruments and Hedging Activities - Information on Location and Amounts of Derivative Fair Values in Condensed Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Interest Rate Swap Contracts [Member] | Other Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Fair Value	$ 66	$ 31

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Financial Liabilities at Fair Value Measured on Recurring Basis (Detail) - Fair Value, Measurements, Recurring [Member] - Interest Rate Swap Contracts [Member] - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of financial liabilities	$ (66)	$ (31)
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of financial liabilities	0	0
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of financial liabilities	(66)	(31)
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of financial liabilities	$ 0	$ 0

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Detail) - $ / shares	3 Months Ended	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Equity [Abstract]
Number of shares authorized and available for repurchase		472,238
Shares purchased during period	0	0	12,654
Common stock repurchased average price			$ 9.49
Additional shares purchased to satisfy employee tax obligation			8,237
Average share price for additional shares purchased			$ 9.74

Revenue Concentration - Additio

Revenue Concentration - Additional Information (Detail) - Clients	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenue, Major Customer [Line Items]
Number of clients	0	1	0	1
Top Ten Clients [Member] | Sales Revenue Net [Member] | Customer Concentration Risk [Member]
Revenue, Major Customer [Line Items]
Concentration risk percentage	44.00%	55.00%	43.00%	57.00%
Accenture [Member] | Sales Revenue Net [Member] | Customer Concentration Risk [Member]
Revenue, Major Customer [Line Items]
Concentration risk percentage		10.90%		11.90%

Earnings per Share - Additional

Earnings per Share - Additional Information (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Earnings Per Share [Abstract]
Anti-dilutive securities not included in computation of earnings per share	254,759	0	172,341	0

Severance Charges - Additional

Severance Charges - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Severance Charges [Abstract]
Severance cost	$ 0	$ 0	$ 780,000	$ 305,000