GP Strategies (GPX) 10-Q 1 Nov 16 2016 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Oct. 24, 2016
Document And Entity Information [Abstract]
Entity Registrant Name	GP STRATEGIES CORP
Entity Central Index Key	70,415
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Trading Symbol	GPX
Entity Common Stock, Shares Outstanding		16,686,727
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,016

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Assets
Cash and cash equivalents	$ 15,695	$ 21,030
Accounts and other receivables, less allowance for doubtful accounts of $1,467 in 2016 and $1,856 in 2015	89,939	90,912
Costs and estimated earnings in excess of billings on uncompleted contracts	53,137	46,061
Prepaid expenses and other current assets	14,028	9,173
Total current assets	172,799	167,176
Property, plant and equipment	20,118	20,629
Accumulated depreciation	(15,216)	(14,384)
Property, plant and equipment, net	4,902	6,245
Goodwill	121,578	121,975
Intangible assets, net	4,864	6,221
Other assets	3,158	733
Total assets	307,301	302,350
Liabilities and Stockholders' Equity
Short-term borrowings	44,849	34,084
Current portion of long-term debt	13,333	13,333
Accounts payable and accrued expenses	67,066	61,071
Billings in excess of costs and estimated earnings on uncompleted contracts	13,759	18,366
Total current liabilities	139,007	126,854
Long-term debt	1,111	11,111
Other noncurrent liabilities	5,116	6,041
Total liabilities	145,234	144,006
Stockholders' equity:
Common stock, par value $0.01 per share	172	172
Additional paid-in capital	106,919	105,872
Retained earnings	87,113	73,598
Treasury stock at cost	(13,274)	(8,497)
Accumulated other comprehensive loss	(18,863)	(12,801)
Total stockholders’ equity	162,067	158,344
Total Liabilities and Stockholders' Equity	$ 307,301	$ 302,350

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Accounts and other receivables, allowance for doubtful accounts (in dollars)	$ 1,467	$ 1,856
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Income Statement [Abstract]
Revenue	$ 121,978	$ 122,931	$ 363,276	$ 363,849
Cost of revenue	101,974	102,562	305,001	304,269
Gross profit	20,004	20,369	58,275	59,580
Selling, general and administrative expenses	11,996	12,253	36,245	35,859
Restructuring Charges	0	1,195	0	1,195
Loss on change in fair value of contingent consideration, net	(3)	(56)	(74)	(314)
Operating income	8,005	6,865	21,956	22,212
Interest expense	366	340	970	1,011
Other income (expense)	(28)	(606)	601	(1,141)
Income before income tax expense	7,611	5,919	21,587	20,060
Income tax expense	2,809	2,203	8,072	7,523
Net income	$ 4,802	$ 3,716	$ 13,515	$ 12,537
Basic weighted average shares outstanding (in shares)	16,646	17,117	16,694	17,151
Diluted weighted average shares outstanding (in shares)	16,747	17,272	16,800	17,313
Per common share data:
Basic earnings per share (in dollars per share)	$ 0.29	$ 0.22	$ 0.81	$ 0.73
Diluted earnings per share (in dollars per share)	$ 0.29	$ 0.22	$ 0.80	$ 0.72

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 4,802	$ 3,716	$ 13,515	$ 12,537
Foreign currency translation adjustments	(1,950)	(2,696)	(6,062)	(3,794)
Comprehensive income	$ 2,852	$ 1,020	$ 7,453	$ 8,743

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities:
Net income	$ 13,515	$ 12,537
Adjustments to reconcile net income to net cash provided by operating activities:
Loss on change in fair value of contingent consideration, net	74	314
Depreciation and amortization	4,969	6,014
Deferred Income Tax Expense (Benefit)	(1,596)	0
Non-cash compensation expense	4,456	4,473
Changes in other operating items:
Accounts and other receivables	(1,054)	(1,418)
Costs and estimated earnings in excess of billings on uncompleted contracts	(8,655)	(9,914)
Prepaid expenses and other current assets	(4,793)	220
Accounts payable and accrued expenses	10,791	5,275
Billings in excess of costs and estimated earnings on uncompleted contracts	(4,361)	(6,695)
Contingent consideration payments in excess of fair value on acquisition date	540	325
Other	(908)	(953)
Net cash provided by operating activities	11,898	9,528
Cash flows from investing activities:
Additions to property, plant and equipment	(1,184)	(1,831)
Acquisitions, net of cash acquired	(2,161)	0
Other investing activities	(2,037)	85
Net cash used in investing activities	(5,382)	(1,746)
Cash flows from financing activities:
Proceeds from short-term borrowings	10,765	12,108
Repayment of long-term debt	(10,000)	(10,000)
Contingent consideration payments	2,085	2,284
Change in negative cash book balance	(1,651)	(1,865)
Repurchases of common stock in the open market	(7,959)	(6,535)
Proceeds from Stock Options Exercised	42	115
Other financing activities	0	(10)
Net cash used in financing activities	(11,155)	(8,686)
Effect of exchange rate changes on cash and cash equivalents	(696)	(6)
Net decrease in cash and cash equivalents	(5,335)	(910)
Cash and cash equivalents at beginning of period	21,030	14,541
Cash and cash equivalents at end of period	15,695	13,631
Cash paid during the period for income taxes	6,228	5,655
Payments Related to Tax Withholding for Share-based Compensation	400	650
Excess Tax Benefit from Share-based Compensation, Financing Activities	$ 133	$ 435

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation GP Strategies Corporation is a global performance improvement solutions provider of training, e-Learning solutions, management consulting and engineering services. References in this report to “GP Strategies,” the “Company,” “we” and “our” are to GP Strategies Corporation and its subsidiaries, collectively. The accompanying condensed consolidated balance sheet as of September 30, 2016 and the condensed consolidated statements of operations, comprehensive income and cash flows for the nine months ended September 30, 2016 and 2015 have not been audited, but have been prepared in conformity with U.S. generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2015 , as presented in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2015 . In the opinion of management, this interim information includes all material adjustments, which are of a normal and recurring nature, necessary for a fair presentation. The results for the 2016 interim period are not necessarily indicative of results to be expected for the entire year. The condensed consolidated financial statements include the operations of the Company and its subsidiaries. All significant intercompany balances and transactions have been eliminated.

Accounting Standards Issued

Accounting Standards Issued	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Accounting Standards Issued	Accounting Standards Issued In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, Revenue from Contracts with Customers , which provides a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and will supersede most current revenue recognition guidance. The ASU’s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. ASU 2014-09 is effective for public companies for annual and interim periods beginning after December 15, 2017, which requires us to adopt the standard in the first quarter of 2018. Companies can elect to apply the provisions of ASU 2014-09 either retrospectively to each prior reporting period presented or retrospectively with a cumulative effect adjustment recognized at the date of adoption. We are currently evaluating the method and impact the adoption of ASU 2014-09 will have on our consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases . This standard will require all leases with durations greater than twelve months to be recognized on the balance sheet as a right-of-use asset and a lease liability. ASU 2016-02 is effective for public companies for annual reporting periods beginning after December 15, 2018, and interim periods within those fiscal years. We believe adoption of this standard will have a significant impact on our consolidated balance sheets. Although we have not completed our assessment, we do not expect the adoption of ASU 2016-02 to materially change the recognition and measurement of lease expense within the consolidated statements of operations. In March 2016, the FASB issued ASU No. 2016-09, Compensation—Stock Compensation (Topic 718) . The standard is intended to simplify several areas of accounting for share-based compensation arrangements. Under ASU 2016-09, companies will no longer record excess tax benefits and tax deficiencies to additional paid-in capital (APIC) on the settlement of awards. Instead, they will record all excess tax benefits and tax deficiencies as income tax expense or benefit in the income statement and APIC pools will be eliminated. ASU 2016-09 also requires companies to make an accounting policy election on whether to account for forfeitures on share-based payments by 1) recognizing forfeitures as they occur; or 2) estimating the number of awards expected to be forfeited and periodically adjusting the estimate, as is currently required. ASU 2016-09 also clarifies the statement of cash flows presentation for certain components of share-based awards. The standard is effective for annual and interim reporting periods of public companies beginning after December 15, 2016, although early adoption is permitted. We plan to adopt ASU 2016-09 on January 1, 2017. Although we are currently still evaluating the impact of this ASU on our consolidated financial statements, we don't believe the adoption of this standard will have a material impact on our consolidated financial statements. However, it could result in volatility in income tax expense from quarter to quarter as a result of the change in accounting for excess tax benefits on the settlement of awards.

Significant Customers & Concent

Significant Customers & Concentration of Credit Risk	9 Months Ended
	Sep. 30, 2016
Risks and Uncertainties [Abstract]
Significant Customers & Concentration of Credit Risk	Significant Customers & Concentration of Credit Risk We have a market concentration of revenue in both the automotive sector and financial services & insurance sector. Revenue from the automotive industry accounted for approximately 22% and 18% of our consolidated revenue for the nine months ended September 30, 2016 and 2015 , respectively. In addition, we have a concentration of revenue from a single automotive customer, which accounted for approximately 13% and 12% of our consolidated revenue for the nine months ended September 30, 2016 and 2015 , respectively. Revenue from the financial services & insurance industry accounted for approximately 21% of our consolidated revenue for both the nine -month periods ended September 30, 2016 and 2015 . In addition, we have a concentration of revenue from a single financial services customer, which accounted for approximately 15% and 14% of our consolidated revenue for the nine months ended September 30, 2016 and 2015 , respectively. As of September 30, 2016 , billed and unbilled accounts receivable from a single financial services customer totaled $ 26.5 million , or 19% , of our consolidated accounts receivable and costs and estimated earnings in excess of billings on uncompleted contracts balances. No other single customer accounted for more than 10% of our consolidated revenue for the nine months ended September 30, 2016 or 2015 or consolidated accounts receivable balance as of September 30, 2016 .

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share (EPS) is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted EPS reflects the potential dilution of common stock equivalent shares that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. Our dilutive common stock equivalent shares consist of stock options and restricted stock units computed under the treasury stock method, using the average market price during the period. The following table presents instruments which were not dilutive and were excluded from the computation of diluted EPS in each period, as well as the dilutive common stock equivalent shares which were included in the computation of diluted EPS: Three Months Ended Nine Months Ended 2016 2015 2016 2015 (In thousands) Non-dilutive instruments — 29 59 20 Dilutive common stock equivalents 101 155 106 162

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2016
Business Combinations [Abstract]
Acquisitions	Acquisitions Jencal Training On March 1, 2016, we acquired the share capital of Jencal Training Limited (Jencal Training) and its subsidiary B2B Engage Limited (B2B), an independent provider of vocational skills training in the United Kingdom. The upfront purchase price was $2.5 million in cash. In addition, the purchase agreement requires up to an additional $0.4 million of consideration, contingent upon attaining incremental funding levels under a customer contract prior to July 31, 2016, which is expected to be calculated and paid in the fourth quarter of 2016. The preliminary purchase price allocation for the acquisition primarily includes $1.4 million of customer-related intangible assets which are being amortized over four years from the acquisition date and $1.8 million of goodwill. None of the goodwill recorded for financial statement purposes is deductible for tax purposes. The acquired Jencal Training business is included in the Learning Solutions segment and the results of its operations have been included in the consolidated financial statements beginning March 1, 2016. The pro-forma impact of the acquisition is not material to our results of operations. Maverick Solutions Effective October 1, 2016, we acquired the business and certain assets of Maverick Solutions, a U.S.-based provider of Enterprise Resource Planning (ERP) product training services. The upfront purchase price was $5.0 million in cash. In addition, the purchase agreement requires up to an additional $10.0 million of consideration, contingent upon the achievement of certain earnings targets during the two twelve-month periods following completion of the acquisition. The acquired Maverick Solutions business will be included in the Performance Readiness Solutions segment effective October 1, 2016. Contingent Consideration Accounting Standards Codification (“ASC”) Topic 805 requires that contingent consideration be recognized at fair value on the acquisition date and be re-measured each reporting period with subsequent adjustments recognized in the consolidated statement of operations. We estimate the fair value of contingent consideration liabilities based on financial projections of the acquired companies and estimated probabilities of achievement and discount the liabilities to present value using a weighted-average cost of capital. Contingent consideration is valued using significant inputs that are not observable in the market which are defined as Level 3 inputs pursuant to fair value measurement accounting. We believe our estimates and assumptions are reasonable; however, there is significant judgment involved. At each reporting date, the contingent consideration obligation is revalued to estimated fair value, and changes in fair value subsequent to the acquisitions are reflected in income or expense in the consolidated statements of operations, and could cause a material impact to, and volatility in, our operating results. Changes in the fair value of contingent consideration obligations may result from changes in discount periods, changes in the timing and amount of revenue and/or earnings estimates and changes in probability assumptions with respect to the likelihood of achieving the various earn-out criteria. Below is a summary of the changes in the recorded amount of contingent consideration liabilities from December 31, 2015 to September 30, 2016 (dollars in thousands): Liability as of December 31, Additions Change in Fair Value of Contingent Foreign Currency Liability as of September 30, Acquisition: 2015 (Payments) Consideration Translation 2016 Jencal Training $ — $ 294 $ (85 ) $ (13 ) $ 196 Effective Companies 2,381 (2,625 ) 159 85 — Total $ 2,381 $ (2,331 ) $ 74 $ 72 $ 196 As of September 30, 2016 and December 31, 2015 , contingent consideration is considered a current liability and is included in accounts payable of $0.2 million and $2.4 million , respectively.

Intangible Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible Assets Goodwill Changes in the carrying amount of goodwill by reportable business segment for the nine months ended September 30, 2016 were as follows (in thousands): Learning Solutions Professional & Technical Services Sandy Training & Marketing Performance Readiness Solutions Total Balance as of December 31, 2015 $ 49,822 $ 43,702 $ 653 $ 27,798 $ 121,975 Acquisitions 1,823 — — — 1,823 Foreign currency translation (1,067 ) (979 ) — (174 ) (2,220 ) Balance as of September 30, 2016 $ 50,578 $ 42,723 $ 653 $ 27,624 $ 121,578 Intangible Assets Subject to Amortization Intangible assets with finite lives are subject to amortization over their estimated useful lives. The primary assets included in this category and their respective balances were as follows (in thousands): September 30, 2016 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Customer relationships $ 16,614 $ (12,208 ) $ 4,406 Intellectual property and other 1,538 (1,080 ) 458 $ 18,152 $ (13,288 ) $ 4,864 December 31, 2015 Customer relationships $ 19,351 $ (13,822 ) $ 5,529 Intellectual property and other 1,772 (1,080 ) 692 $ 21,123 $ (14,902 ) $ 6,221

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Stock-Based Compensation We recognize compensation expense for stock-based compensation awards issued to employees that are expected to vest. Compensation cost is based on the fair value of awards as of the grant date. The following table summarizes the pre-tax stock-based compensation expense included in reported net income (in thousands): Three months ended September 30, Nine months ended September 30, 2016 2015 2016 2015 Non-qualified stock options $ 6 $ 55 $ 81 $ 169 Restricted stock units 801 658 2,011 1,747 Board of Directors stock grants 86 68 233 296 Total stock-based compensation expense $ 893 $ 781 $ 2,325 $ 2,212 Pursuant to our 2011 Stock Incentive Plan (the “2011 Plan”), we may grant awards of non-qualified stock options, incentive stock options, restricted stock, stock units, performance shares, performance units and other incentives payable in cash or in shares of our common stock to officers, employees or members of the Board of Directors. As of September 30, 2016 , we had non-qualified stock options and restricted stock units outstanding under these plans as discussed below. Non-Qualified Stock Options Summarized information for the Company’s non-qualified stock options is as follows: Number of options Weighted average exercise price Weighted average remaining contractual term Aggregate intrinsic value Stock Options Outstanding at December 31, 2015 110,550 $ 14.54 Granted — — Exercised (22,800 ) 12.01 Forfeited (500 ) 15.65 Expired (600 ) 19.38 Outstanding at September 30, 2016 86,650 $ 15.16 0.75 $ 819,000 Exercisable at September 30, 2016 82,550 $ 15.09 0.70 $ 787,000 Restricted Stock Units In addition to stock options, we issue restricted stock units to key employees and members of the Board of Directors based on meeting certain service goals. The stock units vest to the recipients at various dates, up to five years , based on fulfilling service requirements. We recognize the value of the market price of the underlying stock on the date of grant as compensation expense over the requisite service period. Upon vesting, the stock units are settled in shares of our common stock. Summarized share information for our restricted stock units is as follows: Nine Months Ended September 30, 2016 Weighted average grant date fair value (In shares) (In dollars) Outstanding and unvested, beginning of period 274,140 $ 28.74 Granted 137,937 26.93 Vested (39,387 ) 19.30 Forfeited (3,102 ) 25.03 Outstanding and unvested, end of period 369,588 $ 29.10 On March 29, 2016, the Compensation Committee granted 71,918 performance-based restricted stock units ("PSU's") to certain officers of the Company. Vesting of the PSU's is contingent upon the employee's continued employment and the Company's achievement of certain performance goals during a three-year performance period. The performance goals are established by the Compensation Committee and for the 2016-2018 performance period are based on financial targets, including an average annual return on invested capital (“ROIC”) and average annual growth in earnings before interest, taxes, depreciation and amortization (adjusted to exclude the effect of acquisitions, dispositions, and certain other nonrecurring or extraordinary items) (“Adjusted EBITDA”). We recognize compensation expense, net of estimated forfeitures, for PSU's on a straight-line basis over the performance period based on the probable outcome of achievement of the financial targets. At the end of each reporting period, we estimate the number of PSU's expected to vest, based on the probability and extent to which the performance goals will be met, and take into account these estimates when calculating the expense for the period. If the number of shares expected to be earned changes during the performance period, we will make a cumulative adjustment to compensation expense based on the revised number of shares expected to be earned. Also on March 29, 2016 in conjunction with the grant of PSU's, the Compensation Committee granted a total of 40,679 time-based restricted stock units to the same officers of the Company. Vesting of the time-based restricted stock units is subject to the employee's continued employment through December 31, 2018.

Debt

Debt	9 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Debt	Debt On September 2, 2014, we entered into a Fourth Amended and Restated Financing and Security Agreement (the “Credit Agreement”). The Credit Agreement provides for a revolving credit facility up to a maximum principal amount of $65 million expiring on October 31, 2018 and for a term loan in the principal amount of $40 million maturing on October 31, 2017 , and is secured by substantially all of our assets. The maximum interest rate on the Credit Agreement is the daily one-month LIBOR market index rate plus 2.50% . Based on our financial performance, the interest rate can be reduced to a minimum rate of the daily one-month LIBOR market index rate plus 1.25% , with the rate being determined based on our maximum leverage ratio for the preceding four quarters. Each unpaid advance on the revolving loan will bear interest until repaid. The term loan is payable in monthly installments equal to $1.1 million plus applicable interest, beginning on November 1, 2014 and ending on October 31, 2017. We may prepay the term loan or the revolving loan, in whole or in part, at any time without premium or penalty, subject to certain conditions. Amounts repaid or prepaid on the term loan may not be reborrowed. The Credit Agreement contains customary affirmative and negative covenants, including covenants that limit or restrict our and our subsidiaries’ (subject to certain exceptions) ability to, among other things, grant liens, make investments, incur indebtedness, merge or consolidate, dispose of assets or make acquisitions. We are also required to maintain compliance with a minimum fixed charge coverage ratio and a maximum leverage ratio. We were in compliance with all of the financial covenants under the Credit Agreement as of September 30, 2016 . As of September 30, 2016 , our total long-term debt outstanding under the term loan was $14.4 million . In addition, there were $44.8 million of borrowings outstanding and $14.7 million of available borrowings under the Credit Agreement. For the nine months ended September 30, 2016 , the weighted average interest rate on our borrowings was 2.2% .

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax expense was $8.1 million , or an effective income tax rate of 37.4% , for the nine months ended September 30, 2016 compared to $7.5 million , or an effective income tax rate of 37.5% , for the nine months ended September 30, 2015 . Income tax expense for the quarterly periods is based on an estimated annual effective tax rate which includes the U.S. federal, state and local, and non-U.S. statutory rates, permanent differences, and other items that may have an impact on income tax expense. An uncertain tax position taken or expected to be taken in a tax return is recognized in the financial statements when it is more likely than not (i.e., a likelihood of more than fifty percent) that the position would be sustained upon examination by tax authorities that have full knowledge of all relevant information. A recognized tax position is then measured at the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. Interest and penalties related to income taxes are accounted for as income tax expense. As of September 30, 2016 , we had no uncertain tax positions reflected on our consolidated balance sheet. The Company files income tax returns in U.S. federal, state and local jurisdictions, and various non-U.S. jurisdictions, and is subject to audit by tax authorities in those jurisdictions. Tax years 2013 through 2015 remain open to examination by these tax jurisdictions, and earlier years remain open to examination in certain of these jurisdictions which have longer statutes of limitations.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2016
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Stockholders’ Equity Changes in stockholders’ equity during the nine months ended September 30, 2016 were as follows (in thousands): Common stock Additional paid-in capital Retained earnings Treasury stock at cost Accumulated other comprehensive loss Total stockholders’ equity Balance at December 31, 2015 $ 172 $ 105,872 $ 73,598 $ (8,497 ) $ (12,801 ) $ 158,344 Net income — — 13,515 — — 13,515 Foreign currency translation adjustment — — — — (6,062 ) (6,062 ) Repurchases of common stock — — — (7,959 ) — (7,959 ) Stock-based compensation expense — 2,325 — — — 2,325 Issuance of stock for employer contributions to retirement plan — (47 ) — 2,101 — 2,054 Net issuances of stock pursuant to stock compensation plans and other — (1,231 ) — 1,081 — (150 ) Balance at September 30, 2016 $ 172 $ 106,919 $ 87,113 $ (13,274 ) $ (18,863 ) $ 162,067 Stock Repurchase Program We have a share repurchase program under which we may repurchase shares of our common stock from time to time in the open market, subject to prevailing business and market conditions and other factors. During the nine months ended September 30, 2016 and 2015 , we repurchased approximately 340,000 and 255,000 shares, respectively, of our common stock in the open market for a total cost of approximately $8.0 million and $6.6 million , respectively. As of September 30, 2016 , there was approximately $6.1 million available for future repurchases under the buyback program.

Business Segments

Business Segments	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Business Segments	Business Segments As of September 30, 2016 , we operated through four reportable business segments: (i) Learning Solutions, (ii) Professional & Technical Services, (iii) Sandy Training & Marketing, and (iv) Performance Readiness Solutions. Each of our reportable segments represents an operating segment under U.S. GAAP. We are organized by operating groups primarily based upon the markets served by each group and/or the services performed. Each operating group consists of business units which are focused on providing specific products and services to certain classes of customers or within targeted markets. Marketing and communications, accounting, finance, legal, human resources, information systems and other administrative services are organized at the corporate level. Business development and sales resources are aligned with operating groups to support existing customer accounts and new customer development. Further information regarding our business segments is discussed below. Learning Solutions. The Learning Solutions segment delivers training, curriculum design and development, eLearning services, system hosting, training business process outsourcing and consulting services globally. This segment serves large companies in the electronics and semiconductors, healthcare, software, financial services and other industries, as well as government agencies. This segment also provides apprenticeship and vocational skills training for the United Kingdom government. The ability to deliver a wide range of training services on a global basis allows this segment to take over the entire learning function for the client, including their training personnel. Professional & Technical Services. The Professional & Technical Services segment provides training, consulting, engineering and technical services, including lean consulting, emergency preparedness, safety and regulatory compliance, chemical demilitarization and environmental services primarily to large companies in the manufacturing, steel, pharmaceutical, energy and petrochemical industries; federal and state government agencies; and large government contractors. Our proprietary EtaPRO™ Performance and Condition Monitoring System provides a suite of real-time software solutions for power generation facilities and is installed on power-generating units across the world. In addition to providing custom training solutions, this segment provides web-based training through our GPiLEARN™ portal, which offers a variety of courses to power plant personnel in the U.S. and other countries. This segment also provides services to users of alternative fuels, including designing and constructing liquefied natural gas (LNG), liquid to compressed natural gas (LCNG) and hydrogen fueling stations, as well as supplying equipment. Sandy Training & Marketing. The Sandy Training & Marketing segment provides custom product sales training and has been a leader in serving manufacturing customers in the U.S. automotive industry for over 30 years. Sandy provides custom product sales training designed to better educate customer salesforces with respect to new vehicle features and designs, in effect rapidly increasing the salesforce knowledge base and enabling them to address detailed customer queries. Furthermore, Sandy helps our clients assess their customer relationship marketing strategy and connect with their customers on a one-to-one basis, including through custom publications. This segment also provides technical training services to automotive manufacturers as well as customers in other industries. Performance Readiness Solutions. This segment provides performance consulting and technology consulting services, including platform adoption, end-user training, change management, knowledge management, customer product training outsourcing, training content development and sales enablement solutions. This segment also offers organizational performance solutions, including leadership development training and employee engagement tools and services. Industries served include manufacturing, aerospace, healthcare, life sciences, consumer products, financial, telecommunications, services and higher education, as well as government agencies. We do not allocate the following items to the segments: selling, general & administrative expenses, other income (expense), interest expense, restructuring charges, loss on change in fair value of contingent consideration and income tax expense. Inter-segment revenue is eliminated in consolidation and is not significant. The following table sets forth the revenue and operating results attributable to each reportable segment and includes a reconciliation of segment revenue to consolidated revenue and operating results to consolidated income before income tax expense (in thousands): Three Months Ended Nine Months Ended 2016 2015 2016 2015 Revenue: Learning Solutions $ 51,379 $ 51,879 $ 153,991 $ 154,463 Professional & Technical Services 25,111 30,354 76,964 90,317 Sandy Training & Marketing 26,612 22,115 75,810 62,043 Performance Readiness Solutions 18,876 18,583 56,511 57,026 $ 121,978 $ 122,931 $ 363,276 $ 363,849 Gross profit: Learning Solutions $ 9,796 $ 9,808 $ 29,072 $ 26,542 Professional & Technical Services 3,596 5,527 11,586 17,769 Sandy Training & Marketing 3,619 2,470 9,900 7,873 Performance Readiness Solutions 2,993 2,564 7,717 7,396 Total gross profit 20,004 20,369 58,275 59,580 Selling, general and administrative expenses 11,996 12,253 36,245 35,859 Restructuring charges — 1,195 — 1,195 Loss on change in fair value of contingent consideration, net (3 ) (56 ) (74 ) (314 ) Operating income 8,005 6,865 21,956 22,212 Interest expense 366 340 970 1,011 Other income (expense) (28 ) (606 ) 601 (1,141 ) Income before income tax expense $ 7,611 $ 5,919 $ 21,587 $ 20,060

Subsequent Event (Notes)

Subsequent Event (Notes)	9 Months Ended
	Sep. 30, 2016
Subsequent Events [Abstract]
Subsequent Events [Text Block]	(12) Subsequent Event Effective October 1, 2016, we acquired the business and certain assets of Maverick Solutions, a U.S.-based provider of Enterprise Resource Planning (ERP) product training services. For further details see Note 5 to the Condensed Consolidated Financial Statements.

Accounting Standards Issued (Po

Accounting Standards Issued (Policy)	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
New Accounting Pronouncements	In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, Revenue from Contracts with Customers , which provides a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and will supersede most current revenue recognition guidance. The ASU’s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. ASU 2014-09 is effective for public companies for annual and interim periods beginning after December 15, 2017, which requires us to adopt the standard in the first quarter of 2018. Companies can elect to apply the provisions of ASU 2014-09 either retrospectively to each prior reporting period presented or retrospectively with a cumulative effect adjustment recognized at the date of adoption. We are currently evaluating the method and impact the adoption of ASU 2014-09 will have on our consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases . This standard will require all leases with durations greater than twelve months to be recognized on the balance sheet as a right-of-use asset and a lease liability. ASU 2016-02 is effective for public companies for annual reporting periods beginning after December 15, 2018, and interim periods within those fiscal years. We believe adoption of this standard will have a significant impact on our consolidated balance sheets. Although we have not completed our assessment, we do not expect the adoption of ASU 2016-02 to materially change the recognition and measurement of lease expense within the consolidated statements of operations. In March 2016, the FASB issued ASU No. 2016-09, Compensation—Stock Compensation (Topic 718) . The standard is intended to simplify several areas of accounting for share-based compensation arrangements. Under ASU 2016-09, companies will no longer record excess tax benefits and tax deficiencies to additional paid-in capital (APIC) on the settlement of awards. Instead, they will record all excess tax benefits and tax deficiencies as income tax expense or benefit in the income statement and APIC pools will be eliminated. ASU 2016-09 also requires companies to make an accounting policy election on whether to account for forfeitures on share-based payments by 1) recognizing forfeitures as they occur; or 2) estimating the number of awards expected to be forfeited and periodically adjusting the estimate, as is currently required. ASU 2016-09 also clarifies the statement of cash flows presentation for certain components of share-based awards. The standard is effective for annual and interim reporting periods of public companies beginning after December 15, 2016, although early adoption is permitted. We plan to adopt ASU 2016-09 on January 1, 2017. Although we are currently still evaluating the impact of this ASU on our consolidated financial statements, we don't believe the adoption of this standard will have a material impact on our consolidated financial statements. However, it could result in volatility in income tax expense from quarter to quarter as a result of the change in accounting for excess tax benefits on the settlement of awards.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table presents instruments which were not dilutive and were excluded from the computation of diluted EPS in each period, as well as the dilutive common stock equivalent shares which were included in the computation of diluted EPS: Three Months Ended Nine Months Ended 2016 2015 2016 2015 (In thousands) Non-dilutive instruments — 29 59 20 Dilutive common stock equivalents 101 155 106 162

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2016
Business Combinations [Abstract]
Summary of changes in recorded amount of contingent consideration	Below is a summary of the changes in the recorded amount of contingent consideration liabilities from December 31, 2015 to September 30, 2016 (dollars in thousands): Liability as of December 31, Additions Change in Fair Value of Contingent Foreign Currency Liability as of September 30, Acquisition: 2015 (Payments) Consideration Translation 2016 Jencal Training $ — $ 294 $ (85 ) $ (13 ) $ 196 Effective Companies 2,381 (2,625 ) 159 85 — Total $ 2,381 $ (2,331 ) $ 74 $ 72 $ 196

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Changes in the carrying amount of goodwill by reportable business segment for the nine months ended September 30, 2016 were as follows (in thousands): Learning Solutions Professional & Technical Services Sandy Training & Marketing Performance Readiness Solutions Total Balance as of December 31, 2015 $ 49,822 $ 43,702 $ 653 $ 27,798 $ 121,975 Acquisitions 1,823 — — — 1,823 Foreign currency translation (1,067 ) (979 ) — (174 ) (2,220 ) Balance as of September 30, 2016 $ 50,578 $ 42,723 $ 653 $ 27,624 $ 121,578
Schedule of Finite-Lived Intangible Assets	The primary assets included in this category and their respective balances were as follows (in thousands): September 30, 2016 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Customer relationships $ 16,614 $ (12,208 ) $ 4,406 Intellectual property and other 1,538 (1,080 ) 458 $ 18,152 $ (13,288 ) $ 4,864 December 31, 2015 Customer relationships $ 19,351 $ (13,822 ) $ 5,529 Intellectual property and other 1,772 (1,080 ) 692 $ 21,123 $ (14,902 ) $ 6,221

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan	The following table summarizes the pre-tax stock-based compensation expense included in reported net income (in thousands): Three months ended September 30, Nine months ended September 30, 2016 2015 2016 2015 Non-qualified stock options $ 6 $ 55 $ 81 $ 169 Restricted stock units 801 658 2,011 1,747 Board of Directors stock grants 86 68 233 296 Total stock-based compensation expense $ 893 $ 781 $ 2,325 $ 2,212
Schedule of Share-based Compensation, Stock Options, Activity	Summarized information for the Company’s non-qualified stock options is as follows: Number of options Weighted average exercise price Weighted average remaining contractual term Aggregate intrinsic value Stock Options Outstanding at December 31, 2015 110,550 $ 14.54 Granted — — Exercised (22,800 ) 12.01 Forfeited (500 ) 15.65 Expired (600 ) 19.38 Outstanding at September 30, 2016 86,650 $ 15.16 0.75 $ 819,000 Exercisable at September 30, 2016 82,550 $ 15.09 0.70 $ 787,000
Schedule of Nonvested Restricted Stock Units Activity	Summarized share information for our restricted stock units is as follows: Nine Months Ended September 30, 2016 Weighted average grant date fair value (In shares) (In dollars) Outstanding and unvested, beginning of period 274,140 $ 28.74 Granted 137,937 26.93 Vested (39,387 ) 19.30 Forfeited (3,102 ) 25.03 Outstanding and unvested, end of period 369,588 $ 29.10

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2016
Stockholders' Equity Note [Abstract]
Schedule of Stockholders Equity	Changes in stockholders’ equity during the nine months ended September 30, 2016 were as follows (in thousands): Common stock Additional paid-in capital Retained earnings Treasury stock at cost Accumulated other comprehensive loss Total stockholders’ equity Balance at December 31, 2015 $ 172 $ 105,872 $ 73,598 $ (8,497 ) $ (12,801 ) $ 158,344 Net income — — 13,515 — — 13,515 Foreign currency translation adjustment — — — — (6,062 ) (6,062 ) Repurchases of common stock — — — (7,959 ) — (7,959 ) Stock-based compensation expense — 2,325 — — — 2,325 Issuance of stock for employer contributions to retirement plan — (47 ) — 2,101 — 2,054 Net issuances of stock pursuant to stock compensation plans and other — (1,231 ) — 1,081 — (150 ) Balance at September 30, 2016 $ 172 $ 106,919 $ 87,113 $ (13,274 ) $ (18,863 ) $ 162,067

Business Segments (Tables)

Business Segments (Tables)	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Reconciliation of Revenue from Segments to Consolidated	The following table sets forth the revenue and operating results attributable to each reportable segment and includes a reconciliation of segment revenue to consolidated revenue and operating results to consolidated income before income tax expense (in thousands): Three Months Ended Nine Months Ended 2016 2015 2016 2015 Revenue: Learning Solutions $ 51,379 $ 51,879 $ 153,991 $ 154,463 Professional & Technical Services 25,111 30,354 76,964 90,317 Sandy Training & Marketing 26,612 22,115 75,810 62,043 Performance Readiness Solutions 18,876 18,583 56,511 57,026 $ 121,978 $ 122,931 $ 363,276 $ 363,849 Gross profit: Learning Solutions $ 9,796 $ 9,808 $ 29,072 $ 26,542 Professional & Technical Services 3,596 5,527 11,586 17,769 Sandy Training & Marketing 3,619 2,470 9,900 7,873 Performance Readiness Solutions 2,993 2,564 7,717 7,396 Total gross profit 20,004 20,369 58,275 59,580 Selling, general and administrative expenses 11,996 12,253 36,245 35,859 Restructuring charges — 1,195 — 1,195 Loss on change in fair value of contingent consideration, net (3 ) (56 ) (74 ) (314 ) Operating income 8,005 6,865 21,956 22,212 Interest expense 366 340 970 1,011 Other income (expense) (28 ) (606 ) 601 (1,141 ) Income before income tax expense $ 7,611 $ 5,919 $ 21,587 $ 20,060

Significant Customers & Conce26

Significant Customers & Concentration of Credit Risk (Details Textual) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Concentration Risk [Line Items]
Unbilled accounts receivable		$ 89,939		$ 90,912
Single Financial Services Customer [Member]
Concentration Risk [Line Items]
Unbilled accounts receivable		$ 26,500
Revenue [Member] | Single Customer [Member]
Concentration Risk [Line Items]
Concentration risk percentage	12.00%	13.00%
Revenue [Member] | Single Financial Services Customer [Member]
Concentration Risk [Line Items]
Concentration risk percentage		15.00%	14.00%
Revenue [Member] | Automotive Industry [Member]
Concentration Risk [Line Items]
Concentration risk percentage		22.00%	18.00%
Revenue [Member] | Financial & Insurance Industry [Member]
Concentration Risk [Line Items]
Concentration risk percentage		21.00%	21.00%
Accounts Receivable [Member] | Single Financial Services Customer [Member]
Concentration Risk [Line Items]
Concentration risk percentage		19.00%

Earnings Per Share (Details)

Earnings Per Share (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Earnings Per Share [Abstract]
Non-dilutive instruments (shares)	0	29	59	20
Dilutive common stock equivalents (shares)	101	155	106	162

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ in Thousands	Oct. 01, 2016	Mar. 01, 2016	Sep. 30, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Goodwill			$ 121,578	$ 121,975
Business Acquisition Contingent Consideration Accounts Payable			$ 200	$ 2,400
Jencal Training [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross		$ 2,500
Business Acquisition, Contingent Consideration, Potential Cash Payments		400
Goodwill		1,800
Maverick Solutions [Member] | Subsequent Event [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross	$ 5,000
Business Acquisition, Contingent Consideration, Potential Cash Payments	$ 10,000
Finite-Lived Intangible Assets [Member] | Jencal Training [Member]
Business Acquisition [Line Items]
Business Acquisition Purchase Price Allocation And Amortizable Intangible Assets		$ 1,400
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		4 years

Acquisitions (Details 1)

Acquisitions (Details 1) $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)
Business Acquisition [Line Items]
Beginning Liability	$ 2,381
Additions (Payments)	(2,331)
Change in Fair Value of Contingent Consideration	74
Foreign Currency Translation	72
Ending Liability	196
Jencal Training [Member]
Business Acquisition [Line Items]
Beginning Liability	0
Additions (Payments)	294
Change in Fair Value of Contingent Consideration	(85)
Foreign Currency Translation	(13)
Ending Liability	196
Effective Companies [Member]
Business Acquisition [Line Items]
Beginning Liability	2,381
Additions (Payments)	(2,625)
Change in Fair Value of Contingent Consideration	159
Foreign Currency Translation	85
Ending Liability	$ 0

Intangible Assets (Details)

Intangible Assets (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)
Goodwill [Roll Forward]
Beginning Balance	$ 121,975
Acquisitions	1,823
Foreign currency translation	(2,220)
Ending Balance	121,578
Learning Solutions [Member]
Goodwill [Roll Forward]
Beginning Balance	49,822
Acquisitions	1,823
Foreign currency translation	(1,067)
Ending Balance	50,578
Professional and Technical Services [Member]
Goodwill [Roll Forward]
Beginning Balance	43,702
Acquisitions	0
Foreign currency translation	(979)
Ending Balance	42,723
Sandy Training and Marketing [Member]
Goodwill [Roll Forward]
Beginning Balance	653
Acquisitions	0
Foreign currency translation	0
Ending Balance	653
Performance Readiness Group [Member]
Goodwill [Roll Forward]
Beginning Balance	27,798
Acquisitions	0
Foreign currency translation	(174)
Ending Balance	$ 27,624

Intangible Assets (Details 1)

Intangible Assets (Details 1) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 18,152	$ 21,123
Accumulated Amortization	(13,288)	(14,902)
Net Carrying Amount	4,864	6,221
Customer relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	16,614	19,351
Accumulated Amortization	(12,208)	(13,822)
Net Carrying Amount	4,406	5,529
Intellectual property and other [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,538	1,772
Accumulated Amortization	(1,080)	(1,080)
Net Carrying Amount	$ 458	$ 692

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 893	$ 781	$ 2,325	$ 2,212
Board of Directors stock grants [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	86	68	233	296
Non-qualified stock options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	6	55	81	169
Restricted stock units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 801	$ 658	$ 2,011	$ 1,747

Stock-Based Compensation (Det33

Stock-Based Compensation (Details 1) - Non Qualified Stock Option [Member] $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares [Roll Forward]
Outstanding at December 31, 2015, Number of options (shares) | shares	110,550
Granted, Number of options (shares) | shares	0
Exercised, Number of options (shares) | shares	(22,800)
Forfeited, Number of options (shares) | shares	(500)
Expired, Number of options (shares) | shares	(600)
Outstanding at June 30, 2016, Number of options (shares) | shares	86,650
Exercisable at June 30, 2016, Number of options (shares) | shares	82,550
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Outstanding at December 31, 2015, Weighted average exercise price (usd per share) | $ / shares	$ 14.54
Granted, Weighted average exercise price (usd per share) | $ / shares	0
Exercised, Weighted average exercise price (usd per share) | $ / shares	12.01
Forfeited, Weighted average exercise price (usd per share) | $ / shares	15.65
Expired, Weighted average exercise price (usd per share) | $ / shares	19.38
Outstanding at June 30, 2016, Weighted average exercise price (usd per share) | $ / shares	15.16
Exercisable at June 30, 2016, Weighted average exercise price (usd per share) | $ / shares	$ 15.09
Outstanding at June 30, 2016, Weighted average remaining contractual term	8 months 29 days
Exercisable at June 30, 2016, Weighted average remaining contractual term	8 months 12 days
Outstanding at June 30, 2016, Aggregate intrinsic value | $	$ 819
Exercisable at June 30, 2016, Aggregate intrinsic value | $	$ 787

Stock-Based Compensation (Det34

Stock-Based Compensation (Details 2) - $ / shares	Mar. 29, 2016	Sep. 30, 2016
RSU [Roll Forward]
Outstanding and unvested, beginning of period (shares)		274,140
Granted (shares)		137,937
Vested (shares)		(39,387)
Forfeited (shares)		(3,102)
Outstanding and unvested, end of period (shares)		369,588
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Outstanding and unvested, beginning of period, Weighted average grant date fair value (usd per share)		$ 28.74
Granted, Weighted average grant date fair value (usd per share)		26.93
Vested, Weighted average grant date fair value (usd per share)		19.30
Forfeited, Weighted average grant date fair value (usd per share)		25.03
Outstanding and unvested, end of period, Weighted average grant date fair value (usd per share)		$ 29.10
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		5 years
Restricted Stock Units (RSUs) [Member] | Performance-based Restricted Stock Units [Member]
RSU [Roll Forward]
Granted (shares)	71,918
Restricted Stock Units (RSUs) [Member] | Time-based Restricted Stock Units [Member]
RSU [Roll Forward]
Granted (shares)	40,679

Debt (Details Textual)

Debt (Details Textual) - USD ($)	9 Months Ended
	Sep. 30, 2016	Sep. 02, 2014
Short-term Debt [Line Items]
Borrowing capacity		$ 65,000,000
Long-term Debt, Gross		$ 40,000,000
Debt Instrument, Periodic Payment, Principal	$ 1,100,000
Weighted average interest rate	2.20%
Maximum [Member]
Short-term Debt [Line Items]
Line of Credit Facility, Interest Rate Description	LIBOR market index rate plus 2.50%
Minimum [Member]
Short-term Debt [Line Items]
Line of Credit Facility, Interest Rate Description	LIBOR market index rate plus 1.25%
Financing and Security Agreement [Member]
Short-term Debt [Line Items]
Borrowing outstanding	$ 44,800,000
Available borrowings	$ 14,700,000
Financing and Security Agreement [Member] | LIBOR [Member] | Maximum [Member]
Short-term Debt [Line Items]
Interest rate spread	2.50%
Financing and Security Agreement [Member] | LIBOR [Member] | Minimum [Member]
Short-term Debt [Line Items]
Interest rate spread	1.25%
Fourth Amended and Restated Financing and Security Agreement [Member] | Term Loan [Member]
Short-term Debt [Line Items]
Long-term Debt	$ 14,400,000

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income tax expense	$ 2,809	$ 2,203	$ 8,072	$ 7,523
Effective income tax rate			37.40%	37.50%

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance			$ 158,344
Net income	$ 4,802	$ 3,716	13,515	$ 12,537
Foreign currency translation adjustment			(6,062)
Repurchases of common stock			(7,959)
Stock-based compensation expense			2,325
Issuance of stock for employer contributions to retirement plan			2,054
Other			(150)
Ending Balance	162,067		$ 162,067
Stock Repurchased During Period, Shares			340,000	255,000
Stock Repurchased During Period, Value			$ 8,000	$ 6,600
Stock Repurchase Program, Remaining Authorized Repurchase Amount	6,100		6,100
Common Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance			172
Ending Balance	172		172
Additional Paid-in Capital [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance			105,872
Stock-based compensation expense			2,325
Issuance of stock for employer contributions to retirement plan			(47)
Other			(1,231)
Ending Balance	106,919		106,919
Retained Earnings [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance			73,598
Net income			13,515
Ending Balance	87,113		87,113
Treasury Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance			(8,497)
Repurchases of common stock			(7,959)
Issuance of stock for employer contributions to retirement plan			2,101
Other			1,081
Ending Balance	(13,274)		(13,274)
Accumulated Other Comprehensive Income (Loss) [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance			(12,801)
Foreign currency translation adjustment			(6,062)
Ending Balance	$ (18,863)		$ (18,863)

Business Segments (Details)

Business Segments (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)segment	Sep. 30, 2015USD ($)
Segment Reporting [Abstract]
Number of reportable business segments | segment			4
Segment Reporting Information [Line Items]
Revenue	$ 121,978	$ 122,931	$ 363,276	$ 363,849
Gross Profit	20,004	20,369	58,275	59,580
Selling, General and Administrative Expense	11,996	12,253	36,245	35,859
Loss on change in fair value of contingent consideration, net	(3)	(56)	(74)	(314)
Operating income	8,005	6,865	21,956	22,212
Interest expense	366	340	970	1,011
Other income (expense)	(28)	(606)	601	(1,141)
Income before income tax expense	7,611	5,919	21,587	20,060
Learning Solutions [Member]
Segment Reporting Information [Line Items]
Gross Profit	9,796	9,808	29,072	26,542
Professional and Technical Services [Member]
Segment Reporting Information [Line Items]
Gross Profit	3,596	5,527	11,586	17,769
Sandy Training and Marketing [Member]
Segment Reporting Information [Line Items]
Gross Profit	3,619	2,470	9,900	7,873
Performance Readiness Solutions [Member]
Segment Reporting Information [Line Items]
Gross Profit	2,993	2,564	7,717	7,396
Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenue	121,978	122,931	363,276	363,849
Operating Segments [Member] | Learning Solutions [Member]
Segment Reporting Information [Line Items]
Revenue	51,379	51,879	153,991	154,463
Operating Segments [Member] | Professional and Technical Services [Member]
Segment Reporting Information [Line Items]
Revenue	25,111	30,354	76,964	90,317
Operating Segments [Member] | Sandy Training and Marketing [Member]
Segment Reporting Information [Line Items]
Revenue	26,612	22,115	75,810	62,043
Operating Segments [Member] | Performance Readiness Solutions [Member]
Segment Reporting Information [Line Items]
Revenue	$ 18,876	$ 18,583	$ 56,511	$ 57,026