Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | |||
Dec. 31, 2013 | Jun. 28, 2013 | Feb. 21, 2014 | Feb. 21, 2014 | |
Common Class A [Member] | Common Class B [Member] | |||
Document Information [Line Items] | ' | ' | ' | ' |
Entity Registrant Name | 'NATIONAL RESEARCH CORP | ' | ' | ' |
Document Type | '10-K | ' | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' | ' |
Entity Common Stock, Shares Outstanding | ' | ' | 20,795,772 | 3,478,128 |
Entity Public Float | ' | $201,088,365 | ' | ' |
Amendment Flag | 'false | ' | ' | ' |
Entity Central Index Key | '0000070487 | ' | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' | ' |
Entity Voluntary Filers | 'No | ' | ' | ' |
Entity Filer Category | 'Accelerated Filer | ' | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' | ' |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash and cash equivalents | $22,092 | $8,286 |
Trade accounts receivable, less allowance for doubtful accounts of $183 and $244, respectively | 11,043 | 12,119 |
Unbilled revenue | 1,282 | 932 |
Prepaid expenses | 1,310 | 1,269 |
Income taxes receivable | 265 | 158 |
Deferred income taxes | 53 | 547 |
Other current assets | 429 | 504 |
Total current assets | 36,474 | 23,815 |
Net property and equipment | 11,898 | 12,493 |
Intangible assets, net | 4,840 | 5,794 |
Goodwill | 57,593 | 57,799 |
Other | 191 | 145 |
Total assets | 110,996 | 100,046 |
Current liabilities: | ' | ' |
Current portion of notes payable | 2,256 | 12,436 |
Accounts payable | 654 | 291 |
Accrued wages, bonus and profit sharing | 4,319 | 4,392 |
Accrued expenses | 2,462 | 2,265 |
Current portion of capital lease obligations | 114 | 102 |
Deferred revenue | 13,885 | 15,812 |
Total current liabilities | 23,690 | 35,298 |
Notes payable, net of current portion | 8,068 | ' |
Deferred income taxes | 7,132 | 7,527 |
Deferred revenue | 243 | 254 |
Capital lease obligations, net of current portion | 108 | 225 |
Total liabilities | 39,241 | 43,304 |
Shareholdersb equity: | ' | ' |
Preferred stock, $0.01 par value, authorized 2,000,000 shares, none issued | ' | ' |
Additional paid-in capital | 42,192 | 39,493 |
Retained earnings | 58,042 | 44,700 |
Accumulated other comprehensive income, foreign currency translation adjustment | 302 | 1,124 |
Treasury stock, at cost; 4,516,245 Class A shares, 752,707 Class B shares in 2013 and 4,504,800 Class A shares, 750,800 Class B shares in 2012 | -28,810 | -28,604 |
Total shareholdersb equity | 71,755 | 56,742 |
Total liabilities and shareholdersb equity | 110,996 | 100,046 |
Common Class A [Member] | ' | ' |
Shareholdersb equity: | ' | ' |
Common Stock | 25 | 25 |
Common Class B [Member] | ' | ' |
Shareholdersb equity: | ' | ' |
Common Stock | $4 | $4 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parentheticals) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Allowance for doubtful accounts (in Dollars) (in Dollars) | $183 | $244 |
Preferred stock, par value (in Dollars per share) | $0.01 | $0.01 |
Preferred stock, shares authorized | 2,000,000 | 2,000,000 |
Preferred stock, shares issued | 0 | 0 |
Common Class A [Member] | ' | ' |
Common Stock, Par Value (in Dollars per share) | $0.00 | $0.00 |
Common Stock, Shares Authorized | 60,000,000 | 60,000,000 |
Common Stock, Shares Issued | 25,285,029 | 25,129,776 |
Common Stock, Shares Outstanding | 20,768,784 | 20,624,976 |
Treasury stock, Shares | 4,516,245 | 4,504,800 |
Common Class B [Member] | ' | ' |
Common Stock, Par Value (in Dollars per share) | $0.00 | $0.00 |
Common Stock, Shares Authorized | 80,000,000 | 80,000,000 |
Common Stock, Shares Issued | 4,220,117 | 4,188,296 |
Common Stock, Shares Outstanding | 3,467,410 | 3,437,496 |
Treasury stock, Shares | 752,707 | 750,800 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Revenue | $92,590 | $86,421 | $75,767 |
Operating expenses: | ' | ' | ' |
Direct | 38,844 | 35,461 | 28,667 |
Selling, general and administrative | 25,208 | 23,542 | 23,300 |
Depreciation and amortization | 3,732 | 4,699 | 5,065 |
Total operating expenses | 67,784 | 63,702 | 57,032 |
Operating income | 24,806 | 22,719 | 18,735 |
Other income (expense): | ' | ' | ' |
Interest income | 63 | 32 | 13 |
Interest expense | -397 | -541 | -629 |
Other, net | 16 | -3 | 41 |
Total other expense | -318 | -512 | -575 |
Income before income taxes | 24,488 | 22,207 | 18,160 |
Provision for income taxes | 9,004 | 7,139 | 6,596 |
Net income | $15,484 | $15,068 | $11,564 |
Common Class A [Member] | ' | ' | ' |
Basic earnings per share: | ' | ' | ' |
Diluted earnings per share (in Dollars per share) | $0.37 | $0.37 | $0.29 |
Basic earnings per share (in Dollars per share) | $0.37 | $0.36 | $0.28 |
Weighted average shares and share equivalents outstanding | ' | ' | ' |
Weighted average shares and share equivalents outstanding, basic (in Shares) | 20,677 | 20,325 | 20,016 |
Weighted average shares and share equivalents outstanding, diluted (in Shares) | 21,099 | 20,854 | 20,526 |
Common Class B [Member] | ' | ' | ' |
Basic earnings per share: | ' | ' | ' |
Diluted earnings per share (in Dollars per share) | $2.20 | $2.17 | $1.69 |
Basic earnings per share (in Dollars per share) | $2.25 | $2.22 | $1.73 |
Weighted average shares and share equivalents outstanding | ' | ' | ' |
Weighted average shares and share equivalents outstanding, basic (in Shares) | 3,447 | 3,388 | 3,336 |
Weighted average shares and share equivalents outstanding, diluted (in Shares) | 3,514 | 3,476 | 3,421 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2010 |
Net Income | $15,484 | $15,068 | $11,564 |
Other comprehensive income (loss): | ' | ' | ' |
Cumulative translation adjustment | -822 | 217 | -201 |
Other comprehensive income (loss) | -822 | 217 | -201 |
Comprehensive Income | $14,662 | $15,285 | $11,363 |
Consolidated_Statements_of_Sha
Consolidated Statements of Shareholders' Equity (USD $) | Common Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Treasury Stock [Member] | Total |
In Thousands | Common Class A [Member] | Common Class B [Member] | |||||
Balances at Dec. 31, 2010 | $24 | $4 | $28,950 | $41,343 | $1,108 | ($22,845) | $48,584 |
Purchase of treasury stock | ' | ' | ' | ' | ' | -591 | -591 |
Issuance of common shares for the exercise of stock options | ' | ' | 940 | ' | ' | ' | 940 |
Tax benefit from the exercise of options and vested restricted stock | ' | ' | 407 | ' | ' | ' | 407 |
Non-cash stock compensation expense | ' | ' | 763 | ' | ' | ' | 763 |
Dividends declared per common share | ' | ' | ' | -5,912 | ' | ' | -5,912 |
Other comprehensive income (loss), foreign currency translation adjustment | ' | ' | ' | ' | -201 | ' | -201 |
Net income | ' | ' | ' | 11,564 | ' | ' | 11,564 |
Balances at Dec. 31, 2011 | 24 | 4 | 31,060 | 46,995 | 907 | -23,436 | 55,554 |
Purchase of treasury stock | ' | ' | ' | ' | ' | -5,168 | -5,168 |
Issuance of common shares for the exercise of stock options | 1 | ' | 5,967 | ' | ' | ' | 5,968 |
Tax benefit from the exercise of options and vested restricted stock | ' | ' | 2,078 | ' | ' | ' | 2,078 |
Non-cash stock compensation expense | ' | ' | 388 | ' | ' | ' | 388 |
Dividends declared per common share | ' | ' | ' | -17,363 | ' | ' | -17,363 |
Other comprehensive income (loss), foreign currency translation adjustment | ' | ' | ' | ' | 217 | ' | 217 |
Net income | ' | ' | ' | 15,068 | ' | ' | 15,068 |
Balances at Dec. 31, 2012 | 25 | 4 | 39,493 | 44,700 | 1,124 | -28,604 | 56,742 |
Purchase of treasury stock | ' | ' | ' | ' | ' | -206 | -206 |
Issuance of common shares for the exercise of stock options | ' | ' | 990 | ' | ' | ' | 990 |
Tax benefit from the exercise of options and vested restricted stock | ' | ' | 755 | ' | ' | ' | 755 |
Non-cash stock compensation expense | ' | ' | 955 | ' | ' | ' | 955 |
Fractional share cashed out | ' | ' | -1 | ' | ' | ' | -1 |
Dividends declared per common share | ' | ' | ' | -2,142 | ' | ' | -2,142 |
Other comprehensive income (loss), foreign currency translation adjustment | ' | ' | ' | ' | -822 | ' | -822 |
Net income | ' | ' | ' | 15,484 | ' | ' | 15,484 |
Balances at Dec. 31, 2013 | $25 | $4 | $42,192 | $58,042 | $302 | ($28,810) | $71,755 |
Consolidated_Statements_of_Sha1
Consolidated Statements of Shareholders' Equity (Parentheticals) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Common Stock [Member] | Common Class A [Member] | ' | ' | ' |
Shares of treasury stock purchased | 11,445 | 324,093 | 51,864 |
Shares of common stock issued for the exercise of stock options | 155,253 | 786,303 | 176,013 |
Issuance of restriced shares, net of forfeitures | ' | 10,074 | 42,969 |
Dividends declared per common share (in Dollars per share) | $0.05 | $0.42 | $0.15 |
Common Stock [Member] | Common Class B [Member] | ' | ' | ' |
Shares of treasury stock purchased | 1,908 | 54,015 | 8,644 |
Shares of common stock issued for the exercise of stock options | 31,876 | 131,051 | 29,336 |
Issuance of restriced shares, net of forfeitures | ' | 1,679 | 7,162 |
Dividends declared per common share (in Dollars per share) | $0.31 | $2.54 | $0.88 |
Common Class A [Member] | ' | ' | ' |
Shares of common stock issued for the exercise of stock options | 155,253 | ' | ' |
Common Class B [Member] | ' | ' | ' |
Shares of common stock issued for the exercise of stock options | 31,875 | ' | ' |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Cash flows from operating activities: | ' | ' | ' |
Net income | $15,484,000 | $15,068,000 | $11,564,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
Depreciation and amortization | 3,732,000 | 4,699,000 | 5,065,000 |
Deferred income taxes | 16,000 | -421,000 | 1,297,000 |
(Gain) Loss on sale of property and equipment | 23,000 | 4,000 | -1,000 |
Tax benefit from exercise of stock options | 84,000 | 601,000 | 66,000 |
Non-cash stock compensation expense | 955,000 | 388,000 | 763,000 |
Change in assets and liabilities: | ' | ' | ' |
Trade accounts receivable | 970,000 | -879,000 | -2,064,000 |
Unbilled revenue | -386,000 | -11,000 | 194,000 |
Prepaid expenses | -166,000 | -357,000 | 253,000 |
Other current assets | 76,000 | -106,000 | -121,000 |
Accounts payable | 331,000 | -516,000 | 52,000 |
Accrued expenses, wages, bonus and profit sharing | 212,000 | 1,602,000 | 1,176,000 |
Income taxes payable and recoverable | -100,000 | -303,000 | 1,420,000 |
Deferred revenue | -1,916,000 | -637,000 | -1,183,000 |
Net cash provided by operating activities | 19,315,000 | 19,132,000 | 18,481,000 |
Cash flows from investing activities: | ' | ' | ' |
Purchases of property and equipment | -2,188,000 | -2,348,000 | -2,812,000 |
Earn-out related to acquisitions | ' | ' | -4,115,000 |
Net cash used in investing activities | -2,188,000 | -2,348,000 | -6,927,000 |
Cash flows from financing activities: | ' | ' | ' |
Proceeds from notes payable | ' | ' | 4,545,000 |
Payments on notes payable | -2,112,000 | -2,050,000 | -6,218,000 |
Payments on capital lease obligations | -110,000 | -108,000 | -130,000 |
Proceeds from exercise of stock options | 840,000 | 1,283,000 | 568,000 |
Excess tax benefit from share-based compensation | 755,000 | 2,078,000 | 407,000 |
Repurchase of shares for payroll tax withholdings related to share-based compensation | -55,000 | -527,000 | -146,000 |
Payment of dividends on common stock | -2,142,000 | -17,363,000 | -5,912,000 |
Net cash used in financing activities | -2,824,000 | -16,687,000 | -6,886,000 |
Effect of exchange rate changes on cash | -497,000 | 107,000 | -105,000 |
Net increase in cash and cash equivalents | 13,806,000 | 204,000 | 4,563,000 |
Cash and cash equivalents at beginning of period | 8,286,000 | 8,082,000 | 3,519,000 |
Cash and cash equivalents at end of period | 22,092,000 | 8,286,000 | 8,082,000 |
Supplemental disclosure of cash paid for: | ' | ' | ' |
Interest expense, net of capitalized amounts | 368,000 | 554,000 | 542,000 |
Income taxes | $8,181,000 | $5,108,000 | $3,383,000 |
Supplemental_Disclosures_Of_No
Supplemental Disclosures Of Non-Cash Investing And Financing Activities | 12 Months Ended |
Dec. 31, 2013 | |
Supplemental Cash Flow Elements [Abstract] | ' |
Cash Flow, Supplemental Disclosures [Text Block] | ' |
Supplemental disclosures of non-cash investing and financing activities: | |
Capital lease obligations for property and equipment originating during the years ended December 31, 2013, 2012 and 2011 was $5,000, $9,000 and $115,000, respectively. | |
In connection with the Company’s equity incentive plans, certain optionees tendered to the Company previously owned shares to pay for the option strike price. The total non-cash stock options exercised was $150,000, $4.6 million and $445,000 for the years ended December 31, 2013, 2012, and 2011, respectively. |
Note_1_Summary_of_Significant_
Note 1 - Summary of Significant Accounting Policies | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||||||||||||||
Significant Accounting Policies [Text Block] | ' | ||||||||||||||||||||||||
(1) Summary of Significant Accounting Policies | |||||||||||||||||||||||||
Description of Business and Basis of Presentation | |||||||||||||||||||||||||
National Research Corporation (“NRC” or the “Company”) is a leading provider of analytics and insights that facilitate revenue growth, patient, employee and customer retention and patient engagement for healthcare providers, payers and other healthcare organizations in the United States and Canada. The Company’s ten largest clients accounted for 19%, 22%, and 20% of the Company’s total revenue in 2013, 2012, and 2011, respectively. | |||||||||||||||||||||||||
Recapitalization | |||||||||||||||||||||||||
In May 2013, the Company consummated a recapitalization (the “May 2013 Recapitalization”) pursuant to which the Company established two classes of common stock (class A common stock and class B common stock), issued a dividend of three shares of class A common stock for each share of the Company’s then existing common stock and reclassified each then existing share of common stock as .5 of one share of class B common stock. All previously reported share and per share amounts in the accompanying financial statements and related notes have been restated to reflect the May 2013 Recapitalization. | |||||||||||||||||||||||||
Principles of Consolidation | |||||||||||||||||||||||||
The consolidated financial statements include the accounts of the Company, its wholly-owned subsidiary, National Research Corporation Canada, and a variable interest entity, Customer-Connect LLC (“Connect”), which NRC has been deemed the primary beneficiary. All significant intercompany transactions and balances have been eliminated. | |||||||||||||||||||||||||
Use of Estimates | |||||||||||||||||||||||||
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. | |||||||||||||||||||||||||
Translation of Foreign Currencies | |||||||||||||||||||||||||
The Company’s Canadian subsidiary uses as its functional currency the local currency of the country in which it operates. It translates its assets and liabilities into U.S. dollars at the exchange rate in effect at the balance sheet date. It translates its revenue and expenses at the average exchange rate during the period. The Company includes translation gains and losses in accumulated other comprehensive income (loss), a component of shareholders’ equity. Gains and losses related to transactions denominated in a currency other than the functional currency of the countries in which the Company operates and short-term intercompany accounts are included in other income (expense) in the consolidated statements of income. Since the undistributed earnings of the Company’s foreign subsidiaries are considered to be indefinitely reinvested, the components of accumulated other comprehensive income (loss) have not been tax effected. | |||||||||||||||||||||||||
Revenue Recognition | |||||||||||||||||||||||||
The Company derives a majority of its operating revenue from its annually renewable services, which include performance measurement and improvement services, healthcare analytics and governance education services. The Company provides these services to its clients under annual client service contracts, although such contracts are generally cancelable on short or no notice without penalty. The Company also derives some revenue from its custom and other research projects. | |||||||||||||||||||||||||
Services are provided under subscription-based service agreements. The Company recognizes subscription-based service revenue over the period of time the service is provided. Generally, the subscription periods are for twelve months and revenue is recognized equally over the subscription period. | |||||||||||||||||||||||||
Certain contracts are fixed-fee arrangements with a portion of the project fee billed in advance and the remainder billed periodically over the duration of the project. Revenue and direct expenses for services provided under these contracts are recognized under the proportional performance method. Under the proportional performance method, the Company recognizes revenue based on output measures or key milestones such as survey set-up, survey mailings, survey returns and reporting. The Company measures its progress based on the level of completion of these output measures and recognizes revenue accordingly. Management judgments and estimates must be made and used in connection with revenue recognized using the proportional performance method. If management made different judgments and estimates, then the amount and timing of revenue for any period could differ materially from the reported revenue. | |||||||||||||||||||||||||
The Company also derives revenue from hosting arrangements where our propriety software is offered as a service to our customers through our data processing facilities. The Company’s revenue also includes software-related revenue for software license revenue, installation services, post-contract support (maintenance) and training. Software-related revenue is recognized in accordance with the provisions of Accounting Standards Codification (“ASC”) 985-605, Software-Revenue Recognition. | |||||||||||||||||||||||||
Hosting arrangements to provide customers with access to the Company’s propriety software are marketed under long-term arrangements generally over periods of one to three years. Under these arrangements, the customer is not provided the contractual right to take possession of the licensed software at any time during the hosting period without significant penalty, and the customer is not provided the right to run the software on their own hardware or contract with another party unrelated to us to host the software. Upfront fees for setup services are typically billed for our hosting arrangements, however, these arrangements do not qualify for separation from the ongoing hosting services due to the absence of standalone value for the set-up services. Therefore, we account for these arrangements as service contracts and recognize revenue ratably over the hosting service period when all other conditions to revenue are met. Other conditions that must be met before the commencement of revenue recognition include achieving evidence of an arrangement, determining that the collection of the revenue is probable, and determining that fees are fixed and determinable. | |||||||||||||||||||||||||
The Company’s software arrangements typically involve the sale of a time-based license bundled with installation services, post-contract support (“PCS”) and training. License terms range from one year to three years, and require an annual fee for bundled elements of the arrangement. PCS is also contractually provided for a period that is co-terminus with the term of the time-based license. The Company’s installation services are not considered to be essential to the functionality of the software license. The Company does not achieve vendor-specific objective evidence (“VSOE”) of the fair value of the undelivered elements of its software arrangements (primarily PCS) and, therefore, these arrangements are accounted for as a single unit of accounting with revenue recognized ratably over the minimum bundled PCS period. | |||||||||||||||||||||||||
The Company’s revenue arrangements (not involving software elements) with a client may include combinations of performance measurement and improvement services, healthcare analytics or governance education services which may be executed at the same time, or within close proximity of one another (referred to as a multiple-element arrangement). Each element of a multiple-element arrangement is accounted for as a separate unit of accounting provided each delivered element is sold separately by the Company or another vendor; and for an arrangement that includes a general right of return relative to the undelivered elements, delivery or performance of the undelivered services are considered probable and substantially in the control of the Company. The Company’s arrangements generally do not include a general right of return related to the delivered services. If these criteria are not met, the arrangement is accounted for as a single unit of accounting with revenue generally recognized equally over the subscription period or recognized under the proportional performance method. | |||||||||||||||||||||||||
Revenue is allocated to each separate unit of accounting based on relative selling price using a selling price hierarchy: VSOE, if available, third-party evidence (“TPE”) if VSOE is not available, or estimated selling price if VSOE nor TPE is available. VSOE is established based on the services normal selling price and discounts for the specific services when sold separately. TPE is established by evaluating similar competitor services in standalone arrangements. If neither exists for a deliverable, the best estimate of the selling price (“ESP”) is used for that deliverable based on list price, representing a component of management’s market strategy, and an analysis of historical prices for bundled and standalone arrangements. Revenue allocated to an element is limited to revenue that is not subject to refund or otherwise represents contingent revenue. VSOE, TPE and ESP are periodically adjusted to reflect current market conditions. These adjustments are not expected to differ significantly from historical results. | |||||||||||||||||||||||||
Trade Accounts Receivable | |||||||||||||||||||||||||
Trade accounts receivable are recorded at the invoiced amount. The allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit losses in the Company’s existing accounts receivable. The Company determines the allowance based on specific account analysis and on the Company’s historical write-off experience. The Company reviews the allowance for doubtful accounts monthly. Past due balances over 90 days and over a specified amount are reviewed individually for collectability and provisions are made for accounts not specifically reviewed. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. | |||||||||||||||||||||||||
Property and Equipment | |||||||||||||||||||||||||
Property and equipment is stated at cost. Major expenditures to purchase property or to substantially increase useful lives of property are capitalized. Maintenance, repairs and minor renewals are expensed as incurred. When assets are retired or otherwise disposed of, their costs and related accumulated depreciation are removed from the accounts and resulting gains or losses are included in income. | |||||||||||||||||||||||||
For costs of software developed for internal use, the Company expenses computer software costs as incurred in the preliminary project stage, which involves the conceptual formulation, evaluation and selection of technology alternatives. Costs incurred related to the design, coding, installation and testing of software during the application project stage are capitalized. Costs for training and application maintenance are expensed as incurred. The Company has capitalized approximately $1.7 million and $636,000 of internal and external costs incurred for the development of internal-use software for the years ended December 31, 2013 and 2012, respectively, with such costs classified as property and equipment. | |||||||||||||||||||||||||
The Company provides for depreciation and amortization of property and equipment using annual rates which are sufficient to amortize the cost of depreciable assets over their estimated useful lives. The Company uses the straight-line method of depreciation and amortization over estimated useful lives of three to ten years for furniture and equipment, three to five years for computer equipment, three to five years for capitalized software, and seven to forty years for the Company’s office building and related improvements. | |||||||||||||||||||||||||
Leases are categorized as operating or capital at the inception of the lease. Assets under capital lease obligations are reported at the lower of fair value or the present value of the aggregate future minimum lease payments at the beginning of the lease term. The Company depreciates capital lease assets without transfer-of-ownership or bargain-purchase-options using the straight-line method over the lease terms, excluding any lease renewals, unless the lease renewals are reasonably assured. Capital lease assets with transfer-of-ownership or bargain-purchase-options are depreciated using the straight-line method over the assets’ estimated useful lives. | |||||||||||||||||||||||||
Impairment of Long-Lived Assets and Amortizing Intangible Assets | |||||||||||||||||||||||||
Long-lived assets, such as property and equipment and purchased intangible assets subject to amortization, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If circumstances require a long-lived asset or asset group be tested for possible impairment, the Company first compares undiscounted cash flows expected to be generated by that asset or asset group to its carrying value. If the carrying value of the long-lived asset or asset group is not recoverable on an undiscounted cash flow basis, an impairment is recognized to the extent that the carrying value exceeds its fair value. Fair value is determined through various valuation techniques including discounted cash flow models, quoted market values and third-party independent appraisals, as considered necessary. No impairments were recorded during the years ended December 31, 2013, 2012, or 2011. | |||||||||||||||||||||||||
Among others, management believes the following circumstances are important indicators of potential impairment of such assets and as a result may trigger an impairment review: | |||||||||||||||||||||||||
● | Significant underperformance in comparison to historical or projected operating results; | ||||||||||||||||||||||||
● | Significant changes in the manner or use of acquired assets or the Company’s overall strategy; | ||||||||||||||||||||||||
● | Significant negative trends in the Company’s industry or the overall economy; | ||||||||||||||||||||||||
● | A significant decline in the market price for the Company’s common stock for a sustained period; and | ||||||||||||||||||||||||
● | The Company’s market capitalization falling below the book value of the Company’s net assets. | ||||||||||||||||||||||||
Goodwill and Intangible Assets | |||||||||||||||||||||||||
Intangible assets include customer relationships, trade names, non-compete agreements and goodwill. Intangible assets with estimable useful lives are amortized over their respective estimated useful lives to their estimated residual values and reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. The Company reviews intangible assets with indefinite lives for impairment annually as of October 1 and whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. | |||||||||||||||||||||||||
When performing the impairment assessment, the Company will first assess qualitative factors to determine whether it is necessary to recalculate the fair value of the intangible assets with indefinite lives. If the Company believes, as a result of the qualitative assessment, that it is more likely than not that the fair value of the indefinite-lived intangibles is less than their carrying amount, the Company calculates the fair value using a market approach. If the carrying value of intangible assets with indefinite lives exceeds their fair value, then the intangible assets are written-down to their fair values. The Company did not recognize any impairments related to indefinite-lived intangibles during 2013, 2012 or 2011. | |||||||||||||||||||||||||
Goodwill is an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. All of the Company’s goodwill is allocated to its reporting units, which are the same as its operating segments. Goodwill is reviewed for impairment at least annually, as of October 1, and whenever events or changes in circumstances indicate that the carrying value of goodwill may not be recoverable. | |||||||||||||||||||||||||
The Company reviews for goodwill impairment by first assessing qualitative factors to determine whether any impairment may exist. If the Company believes, as a result of the qualitative assessment, that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, a quantitative two-step test is required; otherwise, no further testing is required. Under the first step of the quantitative test, the fair value of the reporting unit is compared with its carrying value (including goodwill). If the fair value of the reporting unit exceeds its carrying value, step two is not performed. If the fair value of the reporting unit is less than its carrying value, an indication of goodwill impairment exists for the reporting unit and the Company performs step two of the impairment test (measurement). Under step two, an impairment loss is recognized for any excess of the carrying amount of the reporting unit’s goodwill over the fair value of that goodwill. The fair value of goodwill is determined by allocating the fair value of the reporting unit in a manner similar to a purchase price allocation and the residual fair value after this allocation is the fair value of the reporting unit goodwill. | |||||||||||||||||||||||||
In instances when a step two is required, the fair value of the reporting unit is determined using an income approach and comparable market multiples. Under the income approach, there are a number of inputs used to calculate the fair value using a discounted cash flow model, including operating results, business plans, projected cash flows and a discount rate. Discount rates, growth rates and cash flow projections are the most sensitive and susceptible to change as they require significant management judgment. Discount rates are determined by using a weighted average cost of capital, which considers market and industry data. Management develops growth rates and cash flow projections for each reporting unit considering industry and Company-specific historical and projected information. Terminal value rate determination follows common methodology of capturing the present value of perpetual cash flow estimates beyond the last projected period assuming a constant weighted average cost of capital and low long-term growth rates. Under the market approach, the Company considers its market capitalization, comparisons to other public companies’ data, and recent transactions of similar businesses within the Company’s industry. | |||||||||||||||||||||||||
The Company performed a qualitative analysis as of October 1, 2013 which did not indicate that it was more likely than not that the carrying values of the reporting units exceeded fair value. No impairments were recorded during the years ended December 31, 2013, 2012 or 2011. | |||||||||||||||||||||||||
Segment Information | |||||||||||||||||||||||||
During the first quarter of 2013, due to the Company change in operating structure (or strategy), the Company condensed its eight operating segments into two operating segments that are aggregated into one reporting segment because they have similar economic characteristics and meet the other aggregation criteria guidance on segment disclosure. The two operating segments, organized by geographic area, are National Research Corporation (United States) and National Research Corporation Canada, which each offer a portfolio of solutions to address specific market needs around growth, retention, engagement and thought leadership for healthcare organizations. | |||||||||||||||||||||||||
Income Taxes | |||||||||||||||||||||||||
The Company uses the asset and liability method of accounting for income taxes. Under that method, deferred income tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis using enacted tax rates. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Valuation allowances, if any, are established when necessary to reduce deferred tax assets to the amount that is more likely than not to be realized. The Company uses the deferral method of accounting for its investment tax credits related to state tax incentives. During the years ended December 31, 2013, 2012 and 2011, the Company recorded income tax benefits relating to these tax credits of $290,000, $289,000, and $229,000, respectively. | |||||||||||||||||||||||||
The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. | |||||||||||||||||||||||||
The Company had an unrecognized tax benefit at December 31, 2013 and 2012, of $188,000 and $224,000, respectively, excluding interest of $5,000 and $11,000, respectively, and no penalties. Of this amount, $188,000 and $224,000 at December 31, 2013 and 2012, respectively, represents the net unrecognized tax benefits that, if recognized, would favorably impact the effective income tax rate. The Company accrues interest and penalties related to uncertain tax position in the statements of income as income tax expense. The Company is not subject to tax examinations for years prior to 2010 in the U.S. and 2009 in Canada. | |||||||||||||||||||||||||
Share-Based Compensation | |||||||||||||||||||||||||
The Company measures and recognizes compensation expense for all share-based payments. The compensation expense is recognized based on the grant-date fair value of those awards. All of the Company’s existing stock option awards and non-vested stock awards have been determined to be equity-classified awards. | |||||||||||||||||||||||||
Amounts recognized in the financial statements with respect to these plans: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||
Amounts charged against income, before income tax benefit | $ | 955 | $ | 388 | $ | 763 | |||||||||||||||||||
Amount of related income tax benefit | 377 | 153 | 302 | ||||||||||||||||||||||
Total impact to net income | $ | 578 | $ | 235 | $ | 461 | |||||||||||||||||||
Cash and Cash Equivalents | |||||||||||||||||||||||||
The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. Cash equivalents were $21.2 million and $7.5 million as of December 31, 2013, and 2012, respectively, consisting primarily of money market accounts and funds invested in commercial paper. At certain times, cash equivalent balances may exceed federally insured limits. | |||||||||||||||||||||||||
Fair Value Measurements | |||||||||||||||||||||||||
The Company’s valuation techniques are based on maximizing observable inputs and minimizing the use of unobservable inputs when measuring fair value. Observable inputs reflect readily obtainable data from independent sources, while unobservable inputs reflect the Company’s market assumptions. The inputs are then classified into the following hierarchy: (1) Level 1 Inputs—quoted prices in active markets for identical assets and liabilities; (2) Level 2 Inputs—observable market-based inputs other than Level 1 inputs, such as quoted prices for similar assets or liabilities in active markets, quoted prices for similar or identical assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data; (3) Level 3 Inputs—unobservable inputs. | |||||||||||||||||||||||||
The following details the Company’s financial assets and liabilities within the fair value hierarchy at December 31, 2013 and 2012: | |||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||
Money Market Funds | $ | 7,266 | $ | -- | $ | -- | $ | 7,266 | |||||||||||||||||
Commercial Paper | $ | 13,976 | $ | -- | $ | -- | $ | 13,976 | |||||||||||||||||
Total | $ | 21,242 | $ | -- | $ | -- | $ | 21,242 | |||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||
Money Market Funds | $ | 5,245 | $ | -- | $ | -- | $ | 5,245 | |||||||||||||||||
Commercial Paper | $ | 2,242 | $ | -- | $ | -- | $ | 2,242 | |||||||||||||||||
Total | $ | 7,487 | $ | -- | $ | -- | $ | 7,487 | |||||||||||||||||
The Company's long-term debt described in Note 6 is recorded at historical cost. The fair value of long-term debt is classified in Level 2 of the fair value hierarchy and was estimated based primarily on estimated current rates available for debt of the same remaining duration and adjusted for nonperformance and credit. The following are the carrying amount and estimated fair values of long-term debt: | |||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | ||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||
Total carrying amount of long-term debt | $ | 10,324 | $ | 12,436 | |||||||||||||||||||||
Estimated fair value of long-term debt | $ | 10,156 | $ | 12,490 | |||||||||||||||||||||
The Company believes that the carrying amounts of accounts receivable, accounts payable, and accrued expenses approximate their fair value. All non-financial assets that are not recognized or disclosed at fair value in the financial statements on a recurring basis, which includes goodwill and non-financial long-lived assets, are measured at fair value in certain circumstances (for example, when there is evidence of impairment). As of December 31, 2013 and 2012, there was no impairment related to property and equipment, goodwill and other intangible assets. | |||||||||||||||||||||||||
Contingencies | |||||||||||||||||||||||||
From time to time, the Company is involved in certain claims and litigation arising in the normal course of business. Management assesses the probability of loss for such contingencies and recognizes a liability when a loss is probable and estimable. At December 31, 2013, the Company was not engaged in any legal proceedings that are expected, individually or in the aggregate, to have a material effect on the Company. | |||||||||||||||||||||||||
Earnings Per Share | |||||||||||||||||||||||||
Net income per share of class A common stock and class B common stock is computed using the two-class method. Basic net income per share is computed by allocating undistributed earnings to common shares and using the weighted-average number of common shares outstanding during the period. | |||||||||||||||||||||||||
Diluted net income per share is computed using the weighted-average number of common shares and, if dilutive, the potential common shares outstanding during the period. Potential common shares consist of the incremental common shares issuable upon the exercise of stock options and vesting of restricted stock. The dilutive effect of outstanding stock options is reflected in diluted earnings per share by application of the treasury stock method. | |||||||||||||||||||||||||
The liquidation rights and the rights upon the consummation of an extraordinary transaction are the same for the holders of class A common stock and class B common stock. Other than share distributions and liquidation rights, the amount of any dividend or other distribution payable on each share of class A common stock will be equal to one-sixth (1/6th) of the amount of any such dividend or other distribution payable on each share of class B common stock. As a result, the undistributed earnings for each year are allocated based on the contractual participation rights of the class A and class B common stock as if the earnings for the year had been distributed. | |||||||||||||||||||||||||
At December 31, 2013, 2012, and 2011, the Company had 99,562, 92,460 and 358,707 options of class A shares and 6,407, 15,410, and 59,785 options of class B shares, respectively, which have been excluded from the diluted net income per share computation because the exercise price exceeds the fair market value. | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Class A | Class B | Class A | Class B | Class A | Class B | ||||||||||||||||||||
(In thousands, except per share data) | |||||||||||||||||||||||||
Numerator for net income per share - basic: | |||||||||||||||||||||||||
Allocation of distributed earnings | $ | 1,071 | $ | 1,071 | $ | 8,681 | $ | 8,681 | $ | 2,956 | $ | 2,956 | |||||||||||||
Allocation of undistributed earnings | 6,670 | 6,672 | (1,147 | ) | (1,147 | ) | 2,826 | 2,826 | |||||||||||||||||
Net income attributable to common shareholders | $ | 7,741 | $ | 7,743 | $ | 7,534 | $ | 7,534 | $ | 5,782 | $ | 5,782 | |||||||||||||
Denominator for net income per share - basic: | |||||||||||||||||||||||||
Weighted average common shares outstanding - basic | 20,677 | 3,447 | 20,325 | 3,388 | 20,016 | 3,336 | |||||||||||||||||||
Net income per share - basic | $ | 0.37 | $ | 2.25 | $ | 0.37 | $ | 2.22 | $ | 0.29 | $ | 1.73 | |||||||||||||
Numerator for net income per share - diluted: | |||||||||||||||||||||||||
Net income attributable to common shareholders for basic computation | $ | 7,741 | $ | 7,743 | $ | 7,534 | $ | 7,534 | $ | 5,782 | $ | 5,782 | |||||||||||||
Denominator for net income per share - diluted: | |||||||||||||||||||||||||
Weighted average common shares outstanding - basic | 20,677 | 3,447 | 20,325 | 3,388 | 20,016 | 3,336 | |||||||||||||||||||
Weighted average effect of dilutive securities: | |||||||||||||||||||||||||
Stock Options | 388 | 61 | 492 | 82 | 474 | 79 | |||||||||||||||||||
Restricted Stock | 34 | 6 | 37 | 6 | 36 | 6 | |||||||||||||||||||
Weighted average common shares outstanding - | 21,099 | 3,514 | 20,854 | 3,476 | 20,526 | 3,421 | |||||||||||||||||||
diluted | |||||||||||||||||||||||||
Net income per share - diluted | $ | 0.37 | $ | 2.2 | $ | 0.36 | $ | 2.17 | $ | 0.28 | $ | 1.69 | |||||||||||||
Recent Accounting Pronouncements | |||||||||||||||||||||||||
There have been no new accounting pronouncements not yet effective or adopted that have significance or potential significance to the consolidated financial statements in 2013. |
Note_2_Variable_Interest_Entit
Note 2 - Variable Interest Entity | 12 Months Ended |
Dec. 31, 2013 | |
Variable Interest Entity [Abstract] | ' |
Variable Interest Entity [Text Block] | ' |
(2) Variable Interest Entity | |
Connect was formed in June 2013 to develop and commercialize the Connect programs. Connect programs provide healthcare organizations the technology to engage patients through real-time identification and management of individual patient needs, preferences, risks, and experiences. The platform ensures that organizations have access to a longitudinal view of the patient to more effectively manage patient engagement across the continuum of care. NRC has a 49% ownership interest in Connect. NG Customer-Connect, LLC holds 25% interest, and the remaining 26% is held by Illuminate Health, LLC. NRC has agreed to lease certain employees to Connect. In return for a fee, Connect will service the Company’s discharge call program clients. NRC will make capital contributions of up to $2.5 million on an as-needed basis as determined by the Board of Directors of Connect. Profits and losses are allocated under the hypothetical liquidation at book value approach. | |
NRC has a future obligation to purchase the other equity units in Connect when certain targeted events have been achieved. If, at any time, there is at least $12.5 million of annual recurring contract value, including the NRC contracts being serviced, and the members have approved a financial statement showing a pro forma minimum 35% EBITDA margin for revenue on a going-forward basis, then within 90 days thereafter NRC is required to purchase from the other members, and the other members shall be required to sell to NRC, all of their equity units not owned by NRC. As of December 31, 2013, the price at which NG Customer-Connect, LLC and Illuminate Health LLC had the obligation to sell their equity units to NRC was $0. | |
NRC is deemed the primary beneficiary of the variable interest entity and has a 49% ownership interest in Connect. An entity is considered the primary beneficiary of a variable interest entity if it has both the power to direct the activities of the variable interest entity that most significantly impact the variable interest entity’s economic performance and an obligation to absorb losses or the right to receive benefits that could potentially be significant to the variable interest entity. Connect is thinly capitalized and relies on NRC advances and reimbursements to fund its operations. Together, NRC and NRC associates hold a majority of the voting rights on Connect board of directors and have the ability to direct the majority of Connect operations. | |
Included in the Company’s consolidated financial statements for the year ended December 31, 2013, was Connect’s net operating loss of $837,000. The net operating loss of Connect during 2013 was attributable to NRC. Connect had total assets of $649,000 and total liabilities of $186,000 as of December 31, 2013. |
Note_3_Property_and_Equipment
Note 3 - Property and Equipment | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property, Plant and Equipment Disclosure [Text Block] | ' | ||||||||
(3) Property and Equipment | |||||||||
At December 31, 2013, and 2012, property and equipment consisted of the following: | |||||||||
2013 | 2012 | ||||||||
(In thousands) | |||||||||
Furniture and equipment | $ | 4,015 | $ | 3,797 | |||||
Computer equipment and software | 18,569 | 17,647 | |||||||
Building | 9,322 | 9,322 | |||||||
Land | 425 | 425 | |||||||
32,331 | 31,191 | ||||||||
Less accumulated depreciation and amortization | 20,433 | 18,698 | |||||||
Net property and equipment | $ | 11,898 | $ | 12,493 | |||||
Depreciation and amortization expense related to property and equipment, including assets under capital lease, for the years ended December 31, 2013, 2012, and 2011 was $2.8 million, $3.4 million, and $3.5 million, respectively. | |||||||||
Property and equipment included the following amounts under capital lease: | |||||||||
2013 | 2012 | ||||||||
(In thousands) | |||||||||
Furniture and equipment | $ | 519 | $ | 514 | |||||
Computer equipment and software | 47 | 47 | |||||||
566 | 561 | ||||||||
Less accumulated amortization | 294 | 196 | |||||||
Net assets under capital lease | $ | 272 | $ | 365 | |||||
Note_4_Goodwill_and_Intangible
Note 4 - Goodwill and Intangible Assets | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Text Block] | ' | ||||||||||||||||||
(4) Goodwill and Intangible Assets | |||||||||||||||||||
Goodwill and intangible assets consisted of the following at December 31, 2013: | |||||||||||||||||||
Useful Life | Gross | Accumulated Amortization | Net | ||||||||||||||||
(In years) | (In thousands) | ||||||||||||||||||
Goodwill | $ | 57,593 | $ | 57,593 | |||||||||||||||
Non-amortizing intangible assets: | |||||||||||||||||||
Indefinite trade name | 1,191 | 1,191 | |||||||||||||||||
Amortizing intangible assets: | |||||||||||||||||||
Customer related | 5 | - | 15 | 10,499 | 7,334 | 3,165 | |||||||||||||
Non-compete agreements | 3 | 430 | 430 | - | |||||||||||||||
Trade names | 5 | - | 10 | 1,902 | 1,418 | 484 | |||||||||||||
Total amortizing intangible assets | 12,831 | 9,182 | 3,649 | ||||||||||||||||
Total intangible assets other than goodwill | $ | 14,022 | $ | 9,182 | $ | 4,840 | |||||||||||||
Goodwill and intangible assets consisted of the following at December 31, 2012: | |||||||||||||||||||
Useful Life | Accumulated Amortization | ||||||||||||||||||
Gross | Net | ||||||||||||||||||
(In years) | (In thousands) | ||||||||||||||||||
Goodwill | $ | 57,799 | $ | 57,799 | |||||||||||||||
Non-amortizing intangible assets: | |||||||||||||||||||
Indefinite trade name | 1,191 | 1,191 | |||||||||||||||||
Amortizing intangible assets: | |||||||||||||||||||
Customer related | 5 | - | 15 | 10,521 | 6,709 | 3,812 | |||||||||||||
Non-compete agreements | 3 | 430 | 346 | 84 | |||||||||||||||
Trade names | 5 | - | 10 | 1,902 | 1,195 | 707 | |||||||||||||
Total amortizing intangible assets | 12,853 | 8,250 | 4,603 | ||||||||||||||||
Total intangible assets other than goodwill | $ | 14,044 | $ | 8,250 | $ | 5,794 | |||||||||||||
The following represents a summary of changes in the Company’s carrying amount of goodwill for the years ended December 31, 2013, and 2012 (in thousands): | |||||||||||||||||||
Balance as of December 31, 2011 | $ | 57,730 | |||||||||||||||||
Foreign currency translation | 69 | ||||||||||||||||||
Balance as of December 31, 2012 | $ | 57,799 | |||||||||||||||||
Foreign currency translation | (206 | ) | |||||||||||||||||
Balance as of December 31, 2013 | $ | 57,593 | |||||||||||||||||
Aggregate amortization expense for customer related intangibles, trade names and non-competes for the years ended December 31, 2013, 2012 and 2011 was $954,000, $1.3 million, and $1.6 million, respectively. Estimated amortization expense for the next five years is: 2014—$842,000; 2015—$789,000; 2016—$597,000; 2017—$531,000: 2018—$522,000: thereafter $369,000. |
Note_5_Income_Taxes
Note 5 - Income Taxes | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||
Income Tax Disclosure [Text Block] | ' | ||||||||||||
(5) Income Taxes | |||||||||||||
For the years ended December 31, 2013, 2012, and 2011, income before income taxes consists of the following: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(In thousands) | |||||||||||||
U.S. Operations | $ | 21,882 | $ | 19,836 | $ | 16,017 | |||||||
Foreign Operations | 2,606 | 2,371 | 2,143 | ||||||||||
$ | 24,488 | $ | 22,207 | $ | 18,160 | ||||||||
Income tax expense consisted of the following components: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(In thousands) | |||||||||||||
Federal: | |||||||||||||
Current | $ | 7,169 | $ | 5,488 | $ | 4,018 | |||||||
Deferred | 195 | 1,140 | 1,170 | ||||||||||
Total | $ | 7,364 | $ | 6,628 | $ | 5,188 | |||||||
Foreign: | |||||||||||||
Current | $ | 716 | $ | 684 | $ | 606 | |||||||
Deferred | (7 | ) | (6 | ) | (1 | ) | |||||||
Total | $ | 709 | $ | 678 | $ | 605 | |||||||
State: | |||||||||||||
Current | $ | 1,020 | $ | 787 | $ | 609 | |||||||
Deferred | (89 | ) | (954 | ) | 194 | ||||||||
Total | $ | 931 | $ | (167 | ) | $ | 803 | ||||||
Total | $ | 9,004 | $ | 7,139 | $ | 6,596 | |||||||
The difference between the Company’s income tax expense as reported in the accompanying consolidated financial statements and the income tax expense that would be calculated applying the U.S. federal income tax rate of 35% for 2013, 2012, and 2011 on pretax income was as follows: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(In thousands) | |||||||||||||
Expected federal income taxes | $ | 8,571 | $ | 7,772 | $ | 6,356 | |||||||
Foreign tax rate differential | (226 | ) | (203 | ) | (145 | ) | |||||||
U.S. tax graduated rates | -- | 11 | (99 | ) | |||||||||
State income taxes, net of federal benefit and state tax credits | 605 | 552 | 522 | ||||||||||
Federal tax credits | (217 | ) | (282 | ) | (132 | ) | |||||||
Uncertain tax positions | (43 | ) | (73 | ) | 9 | ||||||||
Deferred tax adjustment due to change in state tax law | -- | (661 | ) | -- | |||||||||
Recapitalization expenses | 182 | -- | -- | ||||||||||
Other | 132 | 23 | 85 | ||||||||||
Total | $ | 9,004 | $ | 7,139 | $ | 6,596 | |||||||
Deferred tax assets and liabilities at December 31, 2013 and 2012, were comprised of the following: | |||||||||||||
2013 | 2012 | ||||||||||||
(In thousands) | |||||||||||||
Deferred tax assets: | |||||||||||||
Allowance for doubtful accounts | $ | 63 | $ | 86 | |||||||||
Accrued expenses | 497 | 356 | |||||||||||
Share based compensation | 1,113 | 859 | |||||||||||
Capital loss carryforward | 1,124 | 1,132 | |||||||||||
Net operating loss | -- | 170 | |||||||||||
Tax credit carryforward | -- | 319 | |||||||||||
Other | 39 | -- | |||||||||||
Gross deferred tax assets | 2,836 | 2,922 | |||||||||||
Less Valuation Allowance | (1,124 | ) | (1,138 | ) | |||||||||
Deferred tax assets | 1,712 | 1,784 | |||||||||||
Deferred tax liabilities: | |||||||||||||
Prepaid expenses | 286 | 324 | |||||||||||
Property and equipment | 1,426 | 1,790 | |||||||||||
Intangible assets | 6,879 | 6,415 | |||||||||||
Other | 200 | 235 | |||||||||||
Deferred tax liabilities | 8,791 | 8,764 | |||||||||||
Net deferred tax liabilities | $ | (7,079 | ) | $ | (6,980 | ) | |||||||
At December 31, 2013 and 2012, net deferred tax assets of $53,000 and $547,000 respectively, were included in current deferred income taxes. At December 31, 2013 and 2012, net deferred tax liabilities of $7.1 million and $7.5 million, respectively, were included in long term deferred income taxes. | |||||||||||||
In assessing the realizability of deferred tax assets, the Company considers whether it is more likely than not that some portion, or all, of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. The Company considers projected future taxable income, carry-back opportunities, and tax planning strategies in making this assessment. Based upon the level of historical taxable income and projections for future taxable income over the periods which the deferred tax assets are deductible, the Company believes it is more likely than not that it will realize the benefits of these deductible differences, net of the valuation allowance recorded. The net impact on income tax expense related to changes in the valuation allowance for 2013, 2012, and 2011, were $14,000, $214,000 and $0, respectively. | |||||||||||||
The Company has domestic capital loss carryforwards of $3.1 million at December 31, 2013. The total $3.1 million of the capital loss carryforwards relate to the pre-acquisition periods of acquired companies and are due to expire in 2014. The Company has provided a $1.1 million valuation allowance against the tax benefit associated with the capital loss carryforwards. | |||||||||||||
The undistributed foreign earnings of the Company’s foreign subsidiary of approximately $10.7 million are considered to be indefinitely reinvested. Accordingly, no provision for U.S. federal and state income taxes or foreign withholding taxes has been provided for such undistributed earnings. The Company estimated at December 31, 2013, that an additional tax liability of $705,000 would become due if repatriation of undistributed earnings would occur. | |||||||||||||
The unrecognized tax benefit at December 31, 2013, was $188,000, excluding interest of $5,000 and no penalties. The full unrecognized tax benefits, if recognized, would favorably impact the effective income tax rate. The Company believes it is reasonably possible that the total amount of unrecognized tax benefits could continue to decrease during the next 12 months due to the expiration of the U.S. federal statute of limitations associated with certain other tax positions. The Company accrues interest and penalties related to uncertain tax position in the statements of income as income tax expense. | |||||||||||||
The change in the unrecognized tax benefits for 2013 and 2012 is as follows: | |||||||||||||
(In thousands) | |||||||||||||
Balance of unrecognized tax benefits at December 31, 2011 | $ | 266 | |||||||||||
Reductions due to lapse of applicable statute of limitations | (117 | ) | |||||||||||
Additions based on tax positions of prior years | 84 | ||||||||||||
Additions based on tax positions related to the current year | (9 | ) | |||||||||||
Balance of unrecognized tax benefits at December 31, 2012 | $ | 224 | |||||||||||
Reductions due to lapse of applicable statute of limitations | (91 | ) | |||||||||||
Additions based on tax positions of prior years | 27 | ||||||||||||
Additions based on tax positions related to the current year | 28 | ||||||||||||
Balance of unrecognized tax benefits at December 31, 2013 | $ | 188 | |||||||||||
The Company files a U.S. federal income tax return, various state jurisdictions and a Canada federal and provincial income tax return. The 2010 to 2013 U.S. federal and state returns remain open to examination. The 2009 to 2013 Canada federal and provincial income tax returns remain open to examination. |
Note_6_Notes_Payable
Note 6 - Notes Payable | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||||||||||||||
Debt Disclosure [Text Block] | ' | ||||||||||||||||||||||||
(6) Notes Payable | |||||||||||||||||||||||||
Notes payable consisted of the following: | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||
Revolving credit note with U.S. Bank, maximum available $6.5 million subject to borrowing base, matures June 30, 2014 | $ | -- | $ | -- | |||||||||||||||||||||
Note payable to U.S. Bank for $11.8 million, interest at a 3.12% fixed rate, 60 monthly principal and interest payments of $212,468 through April 2018 | 10,324 | -- | |||||||||||||||||||||||
Notes payable to U.S. Bank, interest at a 3.79% fixed rate, monthly principal and interest payments of $201,294, with final balloon payment due July 31, 2013 | -- | 12,436 | |||||||||||||||||||||||
Total notes payable | 10,324 | 12,436 | |||||||||||||||||||||||
Less current portion | 2,256 | 12,436 | |||||||||||||||||||||||
Note payable, net of current portion | $ | 8,068 | $ | -- | |||||||||||||||||||||
The Company had two term notes, which were used to partially finance acquisitions in 2008 and 2010. Borrowings under the term notes bore interest at an annual rate of 3.79%. The Company refinanced these two term notes on May 9, 2013, and combined them into one new term note. The new term note is payable in 60 monthly installments of $212,468. Borrowings under the new term note bear interest at an annual rate of 3.12%. | |||||||||||||||||||||||||
The Company also has a revolving credit note that was renewed in May 2013 to extend the term to June 30, 2014. The Company may borrow, repay and re-borrow amounts under the revolving credit note from time to time until its maturity on June 30, 2014. The maximum aggregate amount available under the revolving credit note of $6.5 million is subject to a borrowing base equal to 75.0% of the Company’s eligible accounts receivable. Borrowings under the renewed revolving credit note bear interest at a variable annual rate, with three rate options at the discretion of management as follows: (1) 2.5% plus the daily reset one-month LIBOR rate or (2) 2.2% plus the one-, two-, three-, six- or twelve-month London Interbank Offered Rate (“LIBOR”) rate, or (3) the bank’s one-, two-, three-, six- or twelve-month Money Market Loan Rate. The rate at December 31, 2013 was 2.67%. As of December 31, 2013, the revolving credit note did not have a balance. According to borrowing base requirements, the Company had the capacity to borrow $6.5 million as of December 31, 2013. | |||||||||||||||||||||||||
The term note and revolving credit note are secured by certain of the Company’s assets, including the Company’s land, building, accounts receivable and intangible assets. The term note and the revolving credit note contain various restrictions and covenants applicable to the Company, including requirements that the Company maintain certain financial ratios at prescribed levels and restrictions on the ability of the Company to consolidate or merge, create liens, incur additional indebtedness or dispose of assets. As of December 31, 2013, the Company was in compliance with the financial covenants. | |||||||||||||||||||||||||
The remaining note payable maturities for each year subsequent to December 31, 2013, are as follows: | |||||||||||||||||||||||||
Total | 2014 | 2015 | 2016 | 2017 | 2018 | ||||||||||||||||||||
Payments | |||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||
Notes payable | $ | 10,324 | $ | 2,256 | $ | 2,328 | $ | 2,402 | $ | 2,480 | $ | 858 | |||||||||||||
Note_7_ShareBased_Compensation
Note 7 - Share-Based Compensation | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | ' | ||||||||||||||||||
(7) Share-Based Compensation | |||||||||||||||||||
The Company measures and recognizes compensation expense for all share-based payments based on the grant-date fair value of those awards. All of the Company’s existing stock option awards and non-vested stock awards have been determined to be equity-classified awards. | |||||||||||||||||||
In August 2001, the Board of Directors adopted, and on May 1, 2002, the Company’s shareholders approved, the National Research Corporation 2001 Equity Incentive Plan (“2001 Equity Incentive Plan”). The 2001 Equity Incentive Plan provides for the granting of stock options, stock appreciation rights, restricted stock, performance shares and other share-based awards and benefits up to an aggregate of 1,800,000 shares of class A common stock and 300,000 shares of class B common stock. Stock options granted may be either nonqualified or incentive stock options. Stock options vest over one to five years following the date of grant and option terms are generally five to ten years following the date of grant. Due to the expiration of the 2001 Equity Incentive plan, at December 31, 2013, there were no shares of stock available for future grants. The Company has accounted for grants of 1,683,309 class A and 280,552 class B options and restricted stock under the 2001 Equity Incentive Plan using the date of grant as the measurement date for financial accounting purposes. | |||||||||||||||||||
The Company’s 2004 Non-Employee Director Stock Plan (the “2004 Director Plan”) is a nonqualified plan that provides for the granting of options with respect to 1,650,000 shares of class A common stock and 275,000 shares of class B common stock. The 2004 Director Plan provides for grants of nonqualified stock options to each director of the Company who is not employed by the Company. On the date of each annual meeting of shareholders of the Company, options to purchase 36,000 shares of class A common stock and 6,000 shares of class B common stock are granted to directors that are re-elected or retained as a director at such meeting. Stock options vest one year following the date of grant and option terms are generally ten years following the date of grant, or three years in the case of termination of the outside director’s service. At December 31, 2013, there were 255,000 shares of class A common stock and 42,500 shares of class B common stock available for issuance pursuant to future grants under the 2004 Director Plan. The Company has accounted for grants of 1,395,000 class A and 232,500 class B options under the 2004 Director Plan using the date of grant as the measurement date for financial accounting purposes. | |||||||||||||||||||
In February 2006, the Board of Directors adopted, and on May 4, 2006, the Company’s shareholders approved the National Research Corporation 2006 Equity Incentive Plan (the “2006 Equity Incentive Plan”). The 2006 Equity Incentive Plan provides for the granting of stock options, stock appreciation rights, restricted stock, performance shares and other share-based awards and benefits up to an aggregate of 1,800,000 shares of class A common stock and 300,000 shares of class B common stock. Stock options granted may be either incentive stock options or nonqualified stock options. Vesting terms vary with each grant and option terms are generally five to ten years following the date of grant. At December 31, 2013, there were 1,033,455 shares of class A common stock and 172,242 shares of class B common stock available for issuance pursuant to future grants under the 2006 Equity Incentive Plan. The Company has accounted for grants of 766,545 class A and 127,758 class B options and restricted stock under the 2006 Equity Incentive Plan using the date of grant as the measurement date for financial accounting purposes. | |||||||||||||||||||
The Company granted options to purchase 232,344 shares of the Company’s class A common stock and 38,718 shares of the class B common stock during the twelve-month period ended December 31, 2013. During the same period in 2012, the Company granted options to purchase 238,890 shares of class A common stock and 39,815 shares of class B common stock, and during 2011 granted options to purchase 498,024 shares of class A common stock and 83,004 shares of class B common stock. Options to purchase shares of common stock are typically granted with exercise prices equal to the fair value of the common stock on the date of grant. The Company does, in certain limited situations, grant options with exercise prices that exceed the fair value of the common shares on the date of grant. The fair value of stock options granted (pre-May 2013 Recapitalization) was estimated using a Black-Scholes valuation model with the following assumptions: | |||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||
Expected dividend yield at date of grant | 2.26 | to | 3.46% | 2.63 | to | 3.98% | 2 | to | 2.55% | ||||||||||
Expected stock price volatility | 30.34 | to | 30.51% | 29.1 | to | 31.70% | 28.7 | to | 32.00% | ||||||||||
Risk-free interest rate | 0.55 | to | 1.07% | 0.56 | to | 1.15% | 1.7 | to | 2.14% | ||||||||||
Expected life of options (in years) | 4 | to | 6 | 4 | to | 6 | 4 | to | 6 | ||||||||||
The risk-free interest rate assumptions were based on the U.S. Treasury yield curve in effect at the time of the grant. The expected volatility was based on historical monthly price changes of the Company’s stock based on the expected life of the options at the date of grant. The expected life of options is the average number of years the Company estimates that options will be outstanding. The Company considers groups of associates that have similar historical exercise behavior separately for valuation purposes. | |||||||||||||||||||
The following table summarizes stock option activity under the 2001 and 2006 Equity Incentive Plans and the 2004 Director Plan for the year ended December 31, 2013: | |||||||||||||||||||
Number of | Weighted Average Exercise | Weighted Average Remaining Contractual Terms (Years) | Aggregate Intrinsic | ||||||||||||||||
Options | Price | Value | |||||||||||||||||
(In thousands) | |||||||||||||||||||
Class A | |||||||||||||||||||
Outstanding at December 31, 2012 | 1,367,754 | $ | 8.45 | ||||||||||||||||
Granted | 232,344 | $ | 15.98 | ||||||||||||||||
Exercised | (155,253 | ) | $ | 3.36 | $ | 1,126 | |||||||||||||
Forfeited | -- | -- | |||||||||||||||||
Outstanding at December 31, 2013 | 1,444,845 | $ | 10.21 | 6.48 | $ | 12,438 | |||||||||||||
Exercisable at December 31, 2013 | 693,975 | $ | 8.96 | 5.37 | $ | 6,846 | |||||||||||||
Class B | |||||||||||||||||||
Outstanding at December 31, 2012 | 227,959 | $ | 18.45 | ||||||||||||||||
Granted | 38,718 | $ | 29.35 | ||||||||||||||||
Exercised | (31,875 | ) | $ | 14.69 | $ | 992 | |||||||||||||
Forfeited | -- | -- | |||||||||||||||||
Outstanding at December 31, 2013 | 234,802 | $ | 20.76 | 6.54 | $ | 3,276 | |||||||||||||
Exercisable at December 31, 2013 | 109,662 | $ | 18.85 | 5.43 | $ | 1,739 | |||||||||||||
The weighted average grant date fair value of stock options granted during the years ended December 31, 2013, 2012, and 2011, was $3.24, $2.43 and $2.12, respectively, for both class A and class B common stock. The total intrinsic value of stock options exercised during the years ended December 31, 2013, was $1.1 million for the shares of class A common stock and $992,000 for the shares of class B common stock. The total intrinsic value of stock options exercised was $5.6 million for the shares of class A common stock and $941,000 for the shares of class B common stock for the year ended December 31, 2012, and $900,000 for the shares of class A common stock and $150,000 for the shares of class B common stock for the year ended December 31, 2011. The total intrinsic value of stock options vested during the years ended December 31, 2013, was $1.5 million for the shares of class A common stock and $0.5 million for the shares of class B common stock. The total intrinsic value of stock options vested was $2.3 million for the shares of class A common stock and $376,000 for the shares of class B common stock for the year ended December 31, 2012, and $1.3 million for the shares of class A common stock and $224,000 for the shares of class B common stock for the year ended December 31, 2011. As of December 31, 2013, the total unrecognized compensation cost related to non-vested stock option awards was approximately $729,000 and $122,000 for class A and class B common stock shares, respectively, which was expected to be recognized over a weighted average period of 2.38 years for each class of stock. | |||||||||||||||||||
Cash received from stock options exercised for the years ended December 31, 2013, 2012, and 2011 was $840,000, $1.3 million, and $568,000, respectively. The actual tax benefit realized for the tax deduction from stock options exercised was $753,000, $2.0 million and $350,000, for the years ended December 31, 2013, 2012, and 2011, respectively. | |||||||||||||||||||
During 2012, the Company granted 23,469 and 3,912 non-vested shares of class A and class B common stock, respectively, under the 2006 Equity Incentive Plan. During 2011, the Company granted 118,503 and 19,751 non-vested shares of class A and class B common stock, respectively, under the 2006 Equity Incentive Plan. No non-vested shares of common stock were granted during 2013. As of December 31, 2013, the Company had 60,609 and 10,101 non-vested shares of class A and class B common stock, respectively, outstanding under the 2006 Equity Incentive Plan. These shares vest over one to five years following the date of grant and holders thereof are entitled to receive dividends from the date of grant, whether or not vested. The fair value of the awards is calculated as the fair market value of the shares on the date of grant. The Company recognized $140,000, $74,000 and $143,000 of non-cash compensation for the years ended December 31, 2013, 2012, and 2011, respectively, related to this non-vested stock. | |||||||||||||||||||
The following table summarizes information regarding non-vested stock granted to associates under the 2001 and 2006 Equity Incentive Plans for the year ended December 31, 2013: | |||||||||||||||||||
Class A Shares Outstanding | Class A Weighted Average Grant Date Fair Value | Class B Shares Outstanding | Class B Weighted Average Grant Date Fair Value Per Share | ||||||||||||||||
Per Share | |||||||||||||||||||
Outstanding at December 31, 2012 | 60,609 | $ | 5.77 | 10,101 | $ | 34.65 | |||||||||||||
Granted | -- | -- | -- | -- | |||||||||||||||
Vested | -- | -- | -- | -- | |||||||||||||||
Forfeited | -- | -- | -- | -- | |||||||||||||||
Outstanding at December 31, 2013 | 60,609 | $ | 5.77 | 10,101 | $ | 34.65 | |||||||||||||
As of December 31, 2013, the total unrecognized compensation cost related to non-vested stock awards was approximately $340,000 and is expected to be recognized over a weighted average period of 2.53 years. |
Note_8_Restructuring_and_Sever
Note 8 - Restructuring and Severance Costs | 12 Months Ended |
Dec. 31, 2013 | |
Restructuring and Related Activities [Abstract] | ' |
Restructuring and Related Activities Disclosure [Text Block] | ' |
(8) Restructuring and Severance Costs | |
The Company records restructuring liabilities that represent charges incurred in connection with consolidations, including operations from acquisitions. These charges consist primarily of severance costs. Severance charges are based on various factors including the employee’s length of service, contract provisions, and salary levels. Expense for one-time termination benefits are accrued over each individual’s service period. The Company records the expense using its best estimate based upon detailed analysis. Although significant changes are not expected, actual costs may differ from these estimates. | |
In 2011, the Company vacated its office in Wausau, Wisconsin, and reached agreements to terminate the operating lease for its Wausau office and other services. As a result, the Company made lump-sum payments totaling $280,000, which were included in selling, general and administrative expenses in 2011. |
Note_9_Leases
Note 9 - Leases | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Leases [Abstract] | ' | ||||||||
Leases of Lessor Disclosure [Text Block] | ' | ||||||||
(9) Leases | |||||||||
The Company leases printing equipment in the United States, and office space in Canada, California, Nebraska and Washington. The Company recorded rent expense in connection with its operating leases of $720,000, $715,000, and $986,000 in 2013, 2012, and 2011, respectively. The Company also has capital leases for production, mailing and computer equipment. | |||||||||
Payments under non-cancelable operating leases and capital leases at December 31, 2013 are: | |||||||||
Year Ending December 31, | Capital | Operating | |||||||
Leases | Leases | ||||||||
(In thousands) | |||||||||
2014 | $ | 137 | $ | 782 | |||||
2015 | 104 | 753 | |||||||
2016 | 9 | 507 | |||||||
2017 | -- | 324 | |||||||
2018 | -- | 202 | |||||||
Thereafter | -- | 14 | |||||||
Total minimum lease payments | 250 | ||||||||
Less: Amount representing interest | 28 | ||||||||
Present value of minimum lease payments | 222 | ||||||||
Less: Current maturities | 114 | ||||||||
Capital lease obligations, net of current portion | $ | 108 | |||||||
Note_10_Related_Party
Note 10 - Related Party | 12 Months Ended |
Dec. 31, 2013 | |
Related Party Transactions [Abstract] | ' |
Related Party Transactions Disclosure [Text Block] | ' |
(10) Related Party | |
A Board member of the Company also serves as an officer of Ameritas Life Insurance Corp. In connection with the Company’s regular assessment of its insurance-based associate benefits and the costs associated therewith, in 2007 the Company began purchasing dental insurance for certain of its associates from Ameritas Life Insurance Corp. and, in 2009, the Company also began purchasing vision insurance for certain of its associates from Ameritas Life Insurance Corp. The total value of these purchases was $212,000, $198,000 and $166,000 in 2013, 2012 and 2011 respectively. | |
The Company leased office space for OCS from EPIC Property Management LLC from August 2010 through June 2011. A former owner of OCS and an associate of the Company during the lease term was a co-owner of EPIC Property Management LLC. The total of the rental and utility payments under the lease for the year ended December 31, 2011, was $103,000. | |
Michael Hays, our Chief Executive Officer, is a director and owner of 14% of the equity interests of Nebraska Global Investment Company LLC. In 2012, the Company purchased certain technology consulting and software development services from Nebraska Global Investment Company LLC. The total value of these purchases was $57,000 and $55,000 in 2013 and 2012 respectively. The Company did not have any transactions with Nebraska Global Investment Company LLC during 2011 or 2010. |
Note_11_Associate_Benefits
Note 11 - Associate Benefits | 12 Months Ended |
Dec. 31, 2013 | |
Disclosure Text Block Supplement [Abstract] | ' |
Compensation and Employee Benefit Plans [Text Block] | ' |
(11) Associate Benefits | |
The Company sponsors a qualified 401(k) plan covering substantially all associates with no eligibility service requirement. Under the 401(k) plan, the Company matches 25.0% of the first 6.0% of compensation contributed by each associate. Employer contributions, which are discretionary, vest to participants at a rate of 20% per year. The Company contributed $252,000, $236,000 and $182,000 in 2013, 2012 and 2011, respectively, as a matching percentage of associate 401(k) contributions. |
Note_12_Segment_Information
Note 12 - Segment Information | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||
Segment Reporting Disclosure [Text Block] | ' | ||||||||||||
(12) Segment Information | |||||||||||||
During the first quarter of 2013, the Company condensed its eight operating segments into two operating segments that are aggregated into one reporting segment because they have similar economic characteristics and meet the other aggregation criteria for guidance on segment disclosure. The two operating segments, organized by geographic area, are National Research Corporation (United States) and National Research Corporation Canada, which each offer a portfolio of solutions to address specific market needs around growth, retention, engagement and thought leadership for healthcare organizations. The table below presents entity-wide information regarding the Company’s revenue and assets by geographic area: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(In thousands) | |||||||||||||
Revenue: | |||||||||||||
United States | $ | 85,863 | $ | 79,895 | $ | 70,074 | |||||||
Canada | 6,727 | 6,526 | 5,693 | ||||||||||
Total | $ | 92,590 | $ | 86,421 | $ | 75,767 | |||||||
Long-lived assets: | |||||||||||||
United States | $ | 71,139 | $ | 72,817 | |||||||||
Canada | 3,383 | 3,414 | |||||||||||
Total | $ | 74,522 | $ | 76,231 | |||||||||
Total assets: | |||||||||||||
United States | $ | 97,982 | $ | 87,670 | |||||||||
Canada | 13,014 | 12,376 | |||||||||||
Total | $ | 110,996 | $ | 100,046 | |||||||||
Schedule_II_Valuation_and_Qual
Schedule II - Valuation and Qualifying Accounts | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Valuation and Qualifying Accounts [Abstract] | ' | ||||||||||||||||
Schedule of Valuation and Qualifying Accounts Disclosure [Text Block] | ' | ||||||||||||||||
Balance at Beginning of Year | Bad Debt Expense | Write-offs Net of Recoveries | Balance at End of Year | ||||||||||||||
Allowance for doubtful accounts: | |||||||||||||||||
Year Ended December 31, 2011 | 337 | 80 | 128 | 289 | |||||||||||||
Year Ended December 31, 2012 | 289 | 173 | 218 | 244 | |||||||||||||
Year Ended December 31, 2013 | 244 | 145 | 206 | 183 | |||||||||||||
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||||||||||||||
Nature of Operations [Text Block] | ' | ||||||||||||||||||||||||
Description of Business and Basis of Presentation | |||||||||||||||||||||||||
National Research Corporation (“NRC” or the “Company”) is a leading provider of analytics and insights that facilitate revenue growth, patient, employee and customer retention and patient engagement for healthcare providers, payers and other healthcare organizations in the United States and Canada. The Company’s ten largest clients accounted for 19%, 22%, and 20% of the Company’s total revenue in 2013, 2012, and 2011, respectively. | |||||||||||||||||||||||||
Recapitalization [Policy Text Block] | ' | ||||||||||||||||||||||||
Recapitalization | |||||||||||||||||||||||||
In May 2013, the Company consummated a recapitalization (the “May 2013 Recapitalization”) pursuant to which the Company established two classes of common stock (class A common stock and class B common stock), issued a dividend of three shares of class A common stock for each share of the Company’s then existing common stock and reclassified each then existing share of common stock as .5 of one share of class B common stock. All previously reported share and per share amounts in the accompanying financial statements and related notes have been restated to reflect the May 2013 Recapitalization. | |||||||||||||||||||||||||
Consolidation, Policy [Policy Text Block] | ' | ||||||||||||||||||||||||
Principles of Consolidation | |||||||||||||||||||||||||
The consolidated financial statements include the accounts of the Company, its wholly-owned subsidiary, National Research Corporation Canada, and a variable interest entity, Customer-Connect LLC (“Connect”), which NRC has been deemed the primary beneficiary. All significant intercompany transactions and balances have been eliminated. | |||||||||||||||||||||||||
Use of Estimates, Policy [Policy Text Block] | ' | ||||||||||||||||||||||||
Use of Estimates | |||||||||||||||||||||||||
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. | |||||||||||||||||||||||||
Foreign Currency Transactions and Translations Policy [Policy Text Block] | ' | ||||||||||||||||||||||||
Translation of Foreign Currencies | |||||||||||||||||||||||||
The Company’s Canadian subsidiary uses as its functional currency the local currency of the country in which it operates. It translates its assets and liabilities into U.S. dollars at the exchange rate in effect at the balance sheet date. It translates its revenue and expenses at the average exchange rate during the period. The Company includes translation gains and losses in accumulated other comprehensive income (loss), a component of shareholders’ equity. Gains and losses related to transactions denominated in a currency other than the functional currency of the countries in which the Company operates and short-term intercompany accounts are included in other income (expense) in the consolidated statements of income. Since the undistributed earnings of the Company’s foreign subsidiaries are considered to be indefinitely reinvested, the components of accumulated other comprehensive income (loss) have not been tax effected. | |||||||||||||||||||||||||
Revenue Recognition, Policy [Policy Text Block] | ' | ||||||||||||||||||||||||
Revenue Recognition | |||||||||||||||||||||||||
The Company derives a majority of its operating revenue from its annually renewable services, which include performance measurement and improvement services, healthcare analytics and governance education services. The Company provides these services to its clients under annual client service contracts, although such contracts are generally cancelable on short or no notice without penalty. The Company also derives some revenue from its custom and other research projects. | |||||||||||||||||||||||||
Services are provided under subscription-based service agreements. The Company recognizes subscription-based service revenue over the period of time the service is provided. Generally, the subscription periods are for twelve months and revenue is recognized equally over the subscription period. | |||||||||||||||||||||||||
Certain contracts are fixed-fee arrangements with a portion of the project fee billed in advance and the remainder billed periodically over the duration of the project. Revenue and direct expenses for services provided under these contracts are recognized under the proportional performance method. Under the proportional performance method, the Company recognizes revenue based on output measures or key milestones such as survey set-up, survey mailings, survey returns and reporting. The Company measures its progress based on the level of completion of these output measures and recognizes revenue accordingly. Management judgments and estimates must be made and used in connection with revenue recognized using the proportional performance method. If management made different judgments and estimates, then the amount and timing of revenue for any period could differ materially from the reported revenue. | |||||||||||||||||||||||||
The Company also derives revenue from hosting arrangements where our propriety software is offered as a service to our customers through our data processing facilities. The Company’s revenue also includes software-related revenue for software license revenue, installation services, post-contract support (maintenance) and training. Software-related revenue is recognized in accordance with the provisions of Accounting Standards Codification (“ASC”) 985-605, Software-Revenue Recognition. | |||||||||||||||||||||||||
Hosting arrangements to provide customers with access to the Company’s propriety software are marketed under long-term arrangements generally over periods of one to three years. Under these arrangements, the customer is not provided the contractual right to take possession of the licensed software at any time during the hosting period without significant penalty, and the customer is not provided the right to run the software on their own hardware or contract with another party unrelated to us to host the software. Upfront fees for setup services are typically billed for our hosting arrangements, however, these arrangements do not qualify for separation from the ongoing hosting services due to the absence of standalone value for the set-up services. Therefore, we account for these arrangements as service contracts and recognize revenue ratably over the hosting service period when all other conditions to revenue are met. Other conditions that must be met before the commencement of revenue recognition include achieving evidence of an arrangement, determining that the collection of the revenue is probable, and determining that fees are fixed and determinable. | |||||||||||||||||||||||||
The Company’s software arrangements typically involve the sale of a time-based license bundled with installation services, post-contract support (“PCS”) and training. License terms range from one year to three years, and require an annual fee for bundled elements of the arrangement. PCS is also contractually provided for a period that is co-terminus with the term of the time-based license. The Company’s installation services are not considered to be essential to the functionality of the software license. The Company does not achieve vendor-specific objective evidence (“VSOE”) of the fair value of the undelivered elements of its software arrangements (primarily PCS) and, therefore, these arrangements are accounted for as a single unit of accounting with revenue recognized ratably over the minimum bundled PCS period. | |||||||||||||||||||||||||
The Company’s revenue arrangements (not involving software elements) with a client may include combinations of performance measurement and improvement services, healthcare analytics or governance education services which may be executed at the same time, or within close proximity of one another (referred to as a multiple-element arrangement). Each element of a multiple-element arrangement is accounted for as a separate unit of accounting provided each delivered element is sold separately by the Company or another vendor; and for an arrangement that includes a general right of return relative to the undelivered elements, delivery or performance of the undelivered services are considered probable and substantially in the control of the Company. The Company’s arrangements generally do not include a general right of return related to the delivered services. If these criteria are not met, the arrangement is accounted for as a single unit of accounting with revenue generally recognized equally over the subscription period or recognized under the proportional performance method. | |||||||||||||||||||||||||
Revenue is allocated to each separate unit of accounting based on relative selling price using a selling price hierarchy: VSOE, if available, third-party evidence (“TPE”) if VSOE is not available, or estimated selling price if VSOE nor TPE is available. VSOE is established based on the services normal selling price and discounts for the specific services when sold separately. TPE is established by evaluating similar competitor services in standalone arrangements. If neither exists for a deliverable, the best estimate of the selling price (“ESP”) is used for that deliverable based on list price, representing a component of management’s market strategy, and an analysis of historical prices for bundled and standalone arrangements. Revenue allocated to an element is limited to revenue that is not subject to refund or otherwise represents contingent revenue. VSOE, TPE and ESP are periodically adjusted to reflect current market conditions. These adjustments are not expected to differ significantly from historical results. | |||||||||||||||||||||||||
Trade and Other Accounts Receivable, Policy [Policy Text Block] | ' | ||||||||||||||||||||||||
Trade Accounts Receivable | |||||||||||||||||||||||||
Trade accounts receivable are recorded at the invoiced amount. The allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit losses in the Company’s existing accounts receivable. The Company determines the allowance based on specific account analysis and on the Company’s historical write-off experience. The Company reviews the allowance for doubtful accounts monthly. Past due balances over 90 days and over a specified amount are reviewed individually for collectability and provisions are made for accounts not specifically reviewed. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. | |||||||||||||||||||||||||
Property, Plant and Equipment, Policy [Policy Text Block] | ' | ||||||||||||||||||||||||
Property and Equipment | |||||||||||||||||||||||||
Property and equipment is stated at cost. Major expenditures to purchase property or to substantially increase useful lives of property are capitalized. Maintenance, repairs and minor renewals are expensed as incurred. When assets are retired or otherwise disposed of, their costs and related accumulated depreciation are removed from the accounts and resulting gains or losses are included in income. | |||||||||||||||||||||||||
For costs of software developed for internal use, the Company expenses computer software costs as incurred in the preliminary project stage, which involves the conceptual formulation, evaluation and selection of technology alternatives. Costs incurred related to the design, coding, installation and testing of software during the application project stage are capitalized. Costs for training and application maintenance are expensed as incurred. The Company has capitalized approximately $1.7 million and $636,000 of internal and external costs incurred for the development of internal-use software for the years ended December 31, 2013 and 2012, respectively, with such costs classified as property and equipment. | |||||||||||||||||||||||||
The Company provides for depreciation and amortization of property and equipment using annual rates which are sufficient to amortize the cost of depreciable assets over their estimated useful lives. The Company uses the straight-line method of depreciation and amortization over estimated useful lives of three to ten years for furniture and equipment, three to five years for computer equipment, three to five years for capitalized software, and seven to forty years for the Company’s office building and related improvements. | |||||||||||||||||||||||||
Leases are categorized as operating or capital at the inception of the lease. Assets under capital lease obligations are reported at the lower of fair value or the present value of the aggregate future minimum lease payments at the beginning of the lease term. The Company depreciates capital lease assets without transfer-of-ownership or bargain-purchase-options using the straight-line method over the lease terms, excluding any lease renewals, unless the lease renewals are reasonably assured. Capital lease assets with transfer-of-ownership or bargain-purchase-options are depreciated using the straight-line method over the assets’ estimated useful lives. | |||||||||||||||||||||||||
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | ' | ||||||||||||||||||||||||
Impairment of Long-Lived Assets and Amortizing Intangible Assets | |||||||||||||||||||||||||
Long-lived assets, such as property and equipment and purchased intangible assets subject to amortization, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If circumstances require a long-lived asset or asset group be tested for possible impairment, the Company first compares undiscounted cash flows expected to be generated by that asset or asset group to its carrying value. If the carrying value of the long-lived asset or asset group is not recoverable on an undiscounted cash flow basis, an impairment is recognized to the extent that the carrying value exceeds its fair value. Fair value is determined through various valuation techniques including discounted cash flow models, quoted market values and third-party independent appraisals, as considered necessary. No impairments were recorded during the years ended December 31, 2013, 2012, or 2011. | |||||||||||||||||||||||||
Among others, management believes the following circumstances are important indicators of potential impairment of such assets and as a result may trigger an impairment review: | |||||||||||||||||||||||||
● | Significant underperformance in comparison to historical or projected operating results; | ||||||||||||||||||||||||
● | Significant changes in the manner or use of acquired assets or the Company’s overall strategy; | ||||||||||||||||||||||||
● | Significant negative trends in the Company’s industry or the overall economy; | ||||||||||||||||||||||||
● | A significant decline in the market price for the Company’s common stock for a sustained period; and | ||||||||||||||||||||||||
● | The Company’s market capitalization falling below the book value of the Company’s net assets. | ||||||||||||||||||||||||
Goodwill and Intangible Assets, Policy [Policy Text Block] | ' | ||||||||||||||||||||||||
Goodwill and Intangible Assets | |||||||||||||||||||||||||
Intangible assets include customer relationships, trade names, non-compete agreements and goodwill. Intangible assets with estimable useful lives are amortized over their respective estimated useful lives to their estimated residual values and reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. The Company reviews intangible assets with indefinite lives for impairment annually as of October 1 and whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. | |||||||||||||||||||||||||
When performing the impairment assessment, the Company will first assess qualitative factors to determine whether it is necessary to recalculate the fair value of the intangible assets with indefinite lives. If the Company believes, as a result of the qualitative assessment, that it is more likely than not that the fair value of the indefinite-lived intangibles is less than their carrying amount, the Company calculates the fair value using a market approach. If the carrying value of intangible assets with indefinite lives exceeds their fair value, then the intangible assets are written-down to their fair values. The Company did not recognize any impairments related to indefinite-lived intangibles during 2013, 2012 or 2011. | |||||||||||||||||||||||||
Goodwill is an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. All of the Company’s goodwill is allocated to its reporting units, which are the same as its operating segments. Goodwill is reviewed for impairment at least annually, as of October 1, and whenever events or changes in circumstances indicate that the carrying value of goodwill may not be recoverable. | |||||||||||||||||||||||||
The Company reviews for goodwill impairment by first assessing qualitative factors to determine whether any impairment may exist. If the Company believes, as a result of the qualitative assessment, that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, a quantitative two-step test is required; otherwise, no further testing is required. Under the first step of the quantitative test, the fair value of the reporting unit is compared with its carrying value (including goodwill). If the fair value of the reporting unit exceeds its carrying value, step two is not performed. If the fair value of the reporting unit is less than its carrying value, an indication of goodwill impairment exists for the reporting unit and the Company performs step two of the impairment test (measurement). Under step two, an impairment loss is recognized for any excess of the carrying amount of the reporting unit’s goodwill over the fair value of that goodwill. The fair value of goodwill is determined by allocating the fair value of the reporting unit in a manner similar to a purchase price allocation and the residual fair value after this allocation is the fair value of the reporting unit goodwill. | |||||||||||||||||||||||||
In instances when a step two is required, the fair value of the reporting unit is determined using an income approach and comparable market multiples. Under the income approach, there are a number of inputs used to calculate the fair value using a discounted cash flow model, including operating results, business plans, projected cash flows and a discount rate. Discount rates, growth rates and cash flow projections are the most sensitive and susceptible to change as they require significant management judgment. Discount rates are determined by using a weighted average cost of capital, which considers market and industry data. Management develops growth rates and cash flow projections for each reporting unit considering industry and Company-specific historical and projected information. Terminal value rate determination follows common methodology of capturing the present value of perpetual cash flow estimates beyond the last projected period assuming a constant weighted average cost of capital and low long-term growth rates. Under the market approach, the Company considers its market capitalization, comparisons to other public companies’ data, and recent transactions of similar businesses within the Company’s industry. | |||||||||||||||||||||||||
The Company performed a qualitative analysis as of October 1, 2013 which did not indicate that it was more likely than not that the carrying values of the reporting units exceeded fair value. No impairments were recorded during the years ended December 31, 2013, 2012 or 2011. | |||||||||||||||||||||||||
Segment Reporting, Policy [Policy Text Block] | ' | ||||||||||||||||||||||||
Segment Information | |||||||||||||||||||||||||
During the first quarter of 2013, due to the Company change in operating structure (or strategy), the Company condensed its eight operating segments into two operating segments that are aggregated into one reporting segment because they have similar economic characteristics and meet the other aggregation criteria guidance on segment disclosure. The two operating segments, organized by geographic area, are National Research Corporation (United States) and National Research Corporation Canada, which each offer a portfolio of solutions to address specific market needs around growth, retention, engagement and thought leadership for healthcare organizations. | |||||||||||||||||||||||||
Income Tax, Policy [Policy Text Block] | ' | ||||||||||||||||||||||||
Income Taxes | |||||||||||||||||||||||||
The Company uses the asset and liability method of accounting for income taxes. Under that method, deferred income tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis using enacted tax rates. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Valuation allowances, if any, are established when necessary to reduce deferred tax assets to the amount that is more likely than not to be realized. The Company uses the deferral method of accounting for its investment tax credits related to state tax incentives. During the years ended December 31, 2013, 2012 and 2011, the Company recorded income tax benefits relating to these tax credits of $290,000, $289,000, and $229,000, respectively. | |||||||||||||||||||||||||
The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. | |||||||||||||||||||||||||
The Company had an unrecognized tax benefit at December 31, 2013 and 2012, of $188,000 and $224,000, respectively, excluding interest of $5,000 and $11,000, respectively, and no penalties. Of this amount, $188,000 and $224,000 at December 31, 2013 and 2012, respectively, represents the net unrecognized tax benefits that, if recognized, would favorably impact the effective income tax rate. The Company accrues interest and penalties related to uncertain tax position in the statements of income as income tax expense. The Company is not subject to tax examinations for years prior to 2010 in the U.S. and 2009 in Canada. | |||||||||||||||||||||||||
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | ' | ||||||||||||||||||||||||
Share-Based Compensation | |||||||||||||||||||||||||
The Company measures and recognizes compensation expense for all share-based payments. The compensation expense is recognized based on the grant-date fair value of those awards. All of the Company’s existing stock option awards and non-vested stock awards have been determined to be equity-classified awards. | |||||||||||||||||||||||||
Amounts recognized in the financial statements with respect to these plans: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||
Amounts charged against income, before income tax benefit | $ | 955 | $ | 388 | $ | 763 | |||||||||||||||||||
Amount of related income tax benefit | 377 | 153 | 302 | ||||||||||||||||||||||
Total impact to net income | $ | 578 | $ | 235 | $ | 461 | |||||||||||||||||||
Cash and Cash Equivalents, Policy [Policy Text Block] | ' | ||||||||||||||||||||||||
Cash and Cash Equivalents | |||||||||||||||||||||||||
The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. Cash equivalents were $21.2 million and $7.5 million as of December 31, 2013, and 2012, respectively, consisting primarily of money market accounts and funds invested in commercial paper. At certain times, cash equivalent balances may exceed federally insured limits. | |||||||||||||||||||||||||
Fair Value Measurement, Policy [Policy Text Block] | ' | ||||||||||||||||||||||||
Fair Value Measurements | |||||||||||||||||||||||||
The Company’s valuation techniques are based on maximizing observable inputs and minimizing the use of unobservable inputs when measuring fair value. Observable inputs reflect readily obtainable data from independent sources, while unobservable inputs reflect the Company’s market assumptions. The inputs are then classified into the following hierarchy: (1) Level 1 Inputs—quoted prices in active markets for identical assets and liabilities; (2) Level 2 Inputs—observable market-based inputs other than Level 1 inputs, such as quoted prices for similar assets or liabilities in active markets, quoted prices for similar or identical assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data; (3) Level 3 Inputs—unobservable inputs. | |||||||||||||||||||||||||
The following details the Company’s financial assets and liabilities within the fair value hierarchy at December 31, 2013 and 2012: | |||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||
Money Market Funds | $ | 7,266 | $ | -- | $ | -- | $ | 7,266 | |||||||||||||||||
Commercial Paper | $ | 13,976 | $ | -- | $ | -- | $ | 13,976 | |||||||||||||||||
Total | $ | 21,242 | $ | -- | $ | -- | $ | 21,242 | |||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||
Money Market Funds | $ | 5,245 | $ | -- | $ | -- | $ | 5,245 | |||||||||||||||||
Commercial Paper | $ | 2,242 | $ | -- | $ | -- | $ | 2,242 | |||||||||||||||||
Total | $ | 7,487 | $ | -- | $ | -- | $ | 7,487 | |||||||||||||||||
The Company's long-term debt described in Note 6 is recorded at historical cost. The fair value of long-term debt is classified in Level 2 of the fair value hierarchy and was estimated based primarily on estimated current rates available for debt of the same remaining duration and adjusted for nonperformance and credit. The following are the carrying amount and estimated fair values of long-term debt: | |||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | ||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||
Total carrying amount of long-term debt | $ | 10,324 | $ | 12,436 | |||||||||||||||||||||
Estimated fair value of long-term debt | $ | 10,156 | $ | 12,490 | |||||||||||||||||||||
The Company believes that the carrying amounts of accounts receivable, accounts payable, and accrued expenses approximate their fair value. All non-financial assets that are not recognized or disclosed at fair value in the financial statements on a recurring basis, which includes goodwill and non-financial long-lived assets, are measured at fair value in certain circumstances (for example, when there is evidence of impairment). As of December 31, 2013 and 2012, there was no impairment related to property and equipment, goodwill and other intangible assets. | |||||||||||||||||||||||||
Commitments and Contingencies, Policy [Policy Text Block] | ' | ||||||||||||||||||||||||
Contingencies | |||||||||||||||||||||||||
From time to time, the Company is involved in certain claims and litigation arising in the normal course of business. Management assesses the probability of loss for such contingencies and recognizes a liability when a loss is probable and estimable. At December 31, 2013, the Company was not engaged in any legal proceedings that are expected, individually or in the aggregate, to have a material effect on the Company. | |||||||||||||||||||||||||
Earnings Per Share, Policy [Policy Text Block] | ' | ||||||||||||||||||||||||
Earnings Per Share | |||||||||||||||||||||||||
Net income per share of class A common stock and class B common stock is computed using the two-class method. Basic net income per share is computed by allocating undistributed earnings to common shares and using the weighted-average number of common shares outstanding during the period. | |||||||||||||||||||||||||
Diluted net income per share is computed using the weighted-average number of common shares and, if dilutive, the potential common shares outstanding during the period. Potential common shares consist of the incremental common shares issuable upon the exercise of stock options and vesting of restricted stock. The dilutive effect of outstanding stock options is reflected in diluted earnings per share by application of the treasury stock method. | |||||||||||||||||||||||||
The liquidation rights and the rights upon the consummation of an extraordinary transaction are the same for the holders of class A common stock and class B common stock. Other than share distributions and liquidation rights, the amount of any dividend or other distribution payable on each share of class A common stock will be equal to one-sixth (1/6th) of the amount of any such dividend or other distribution payable on each share of class B common stock. As a result, the undistributed earnings for each year are allocated based on the contractual participation rights of the class A and class B common stock as if the earnings for the year had been distributed. | |||||||||||||||||||||||||
At December 31, 2013, 2012, and 2011, the Company had 99,562, 92,460 and 358,707 options of class A shares and 6,407, 15,410, and 59,785 options of class B shares, respectively, which have been excluded from the diluted net income per share computation because the exercise price exceeds the fair market value. | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Class A | Class B | Class A | Class B | Class A | Class B | ||||||||||||||||||||
(In thousands, except per share data) | |||||||||||||||||||||||||
Numerator for net income per share - basic: | |||||||||||||||||||||||||
Allocation of distributed earnings | $ | 1,071 | $ | 1,071 | $ | 8,681 | $ | 8,681 | $ | 2,956 | $ | 2,956 | |||||||||||||
Allocation of undistributed earnings | 6,670 | 6,672 | (1,147 | ) | (1,147 | ) | 2,826 | 2,826 | |||||||||||||||||
Net income attributable to common shareholders | $ | 7,741 | $ | 7,743 | $ | 7,534 | $ | 7,534 | $ | 5,782 | $ | 5,782 | |||||||||||||
Denominator for net income per share - basic: | |||||||||||||||||||||||||
Weighted average common shares outstanding - basic | 20,677 | 3,447 | 20,325 | 3,388 | 20,016 | 3,336 | |||||||||||||||||||
Net income per share - basic | $ | 0.37 | $ | 2.25 | $ | 0.37 | $ | 2.22 | $ | 0.29 | $ | 1.73 | |||||||||||||
Numerator for net income per share - diluted: | |||||||||||||||||||||||||
Net income attributable to common shareholders for basic computation | $ | 7,741 | $ | 7,743 | $ | 7,534 | $ | 7,534 | $ | 5,782 | $ | 5,782 | |||||||||||||
Denominator for net income per share - diluted: | |||||||||||||||||||||||||
Weighted average common shares outstanding - basic | 20,677 | 3,447 | 20,325 | 3,388 | 20,016 | 3,336 | |||||||||||||||||||
Weighted average effect of dilutive securities: | |||||||||||||||||||||||||
Stock Options | 388 | 61 | 492 | 82 | 474 | 79 | |||||||||||||||||||
Restricted Stock | 34 | 6 | 37 | 6 | 36 | 6 | |||||||||||||||||||
Weighted average common shares outstanding - | 21,099 | 3,514 | 20,854 | 3,476 | 20,526 | 3,421 | |||||||||||||||||||
diluted | |||||||||||||||||||||||||
Net income per share - diluted | $ | 0.37 | $ | 2.2 | $ | 0.36 | $ | 2.17 | $ | 0.28 | $ | 1.69 | |||||||||||||
New Accounting Pronouncements, Policy [Policy Text Block] | ' | ||||||||||||||||||||||||
Recent Accounting Pronouncements | |||||||||||||||||||||||||
There have been no new accounting pronouncements not yet effective or adopted that have significance or potential significance to the consolidated financial statements in 2013. |
Note_1_Summary_of_Significant_1
Note 1 - Summary of Significant Accounting Policies (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||||||||||||||
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block] | ' | ||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||
Amounts charged against income, before income tax benefit | $ | 955 | $ | 388 | $ | 763 | |||||||||||||||||||
Amount of related income tax benefit | 377 | 153 | 302 | ||||||||||||||||||||||
Total impact to net income | $ | 578 | $ | 235 | $ | 461 | |||||||||||||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | ' | ||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||
Money Market Funds | $ | 7,266 | $ | -- | $ | -- | $ | 7,266 | |||||||||||||||||
Commercial Paper | $ | 13,976 | $ | -- | $ | -- | $ | 13,976 | |||||||||||||||||
Total | $ | 21,242 | $ | -- | $ | -- | $ | 21,242 | |||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||
Money Market Funds | $ | 5,245 | $ | -- | $ | -- | $ | 5,245 | |||||||||||||||||
Commercial Paper | $ | 2,242 | $ | -- | $ | -- | $ | 2,242 | |||||||||||||||||
Total | $ | 7,487 | $ | -- | $ | -- | $ | 7,487 | |||||||||||||||||
Schedule of Long-term Debt Instruments [Table Text Block] | ' | ||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | ||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||
Total carrying amount of long-term debt | $ | 10,324 | $ | 12,436 | |||||||||||||||||||||
Estimated fair value of long-term debt | $ | 10,156 | $ | 12,490 | |||||||||||||||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | ||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Class A | Class B | Class A | Class B | Class A | Class B | ||||||||||||||||||||
(In thousands, except per share data) | |||||||||||||||||||||||||
Numerator for net income per share - basic: | |||||||||||||||||||||||||
Allocation of distributed earnings | $ | 1,071 | $ | 1,071 | $ | 8,681 | $ | 8,681 | $ | 2,956 | $ | 2,956 | |||||||||||||
Allocation of undistributed earnings | 6,670 | 6,672 | (1,147 | ) | (1,147 | ) | 2,826 | 2,826 | |||||||||||||||||
Net income attributable to common shareholders | $ | 7,741 | $ | 7,743 | $ | 7,534 | $ | 7,534 | $ | 5,782 | $ | 5,782 | |||||||||||||
Denominator for net income per share - basic: | |||||||||||||||||||||||||
Weighted average common shares outstanding - basic | 20,677 | 3,447 | 20,325 | 3,388 | 20,016 | 3,336 | |||||||||||||||||||
Net income per share - basic | $ | 0.37 | $ | 2.25 | $ | 0.37 | $ | 2.22 | $ | 0.29 | $ | 1.73 | |||||||||||||
Numerator for net income per share - diluted: | |||||||||||||||||||||||||
Net income attributable to common shareholders for basic computation | $ | 7,741 | $ | 7,743 | $ | 7,534 | $ | 7,534 | $ | 5,782 | $ | 5,782 | |||||||||||||
Denominator for net income per share - diluted: | |||||||||||||||||||||||||
Weighted average common shares outstanding - basic | 20,677 | 3,447 | 20,325 | 3,388 | 20,016 | 3,336 | |||||||||||||||||||
Weighted average effect of dilutive securities: | |||||||||||||||||||||||||
Stock Options | 388 | 61 | 492 | 82 | 474 | 79 | |||||||||||||||||||
Restricted Stock | 34 | 6 | 37 | 6 | 36 | 6 | |||||||||||||||||||
Weighted average common shares outstanding - | 21,099 | 3,514 | 20,854 | 3,476 | 20,526 | 3,421 | |||||||||||||||||||
diluted | |||||||||||||||||||||||||
Net income per share - diluted | $ | 0.37 | $ | 2.2 | $ | 0.36 | $ | 2.17 | $ | 0.28 | $ | 1.69 |
Note_3_Property_and_Equipment_
Note 3 - Property and Equipment (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property, Plant and Equipment [Table Text Block] | ' | ||||||||
2013 | 2012 | ||||||||
(In thousands) | |||||||||
Furniture and equipment | $ | 4,015 | $ | 3,797 | |||||
Computer equipment and software | 18,569 | 17,647 | |||||||
Building | 9,322 | 9,322 | |||||||
Land | 425 | 425 | |||||||
32,331 | 31,191 | ||||||||
Less accumulated depreciation and amortization | 20,433 | 18,698 | |||||||
Net property and equipment | $ | 11,898 | $ | 12,493 | |||||
2013 | 2012 | ||||||||
(In thousands) | |||||||||
Furniture and equipment | $ | 519 | $ | 514 | |||||
Computer equipment and software | 47 | 47 | |||||||
566 | 561 | ||||||||
Less accumulated amortization | 294 | 196 | |||||||
Net assets under capital lease | $ | 272 | $ | 365 |
Note_4_Goodwill_and_Intangible1
Note 4 - Goodwill and Intangible Assets (Tables) | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ||||||||||||||||||
Schedule of Finite-Lived Intangible Assets [Table Text Block] | ' | ||||||||||||||||||
Useful Life | Gross | Accumulated Amortization | Net | ||||||||||||||||
(In years) | (In thousands) | ||||||||||||||||||
Goodwill | $ | 57,593 | $ | 57,593 | |||||||||||||||
Non-amortizing intangible assets: | |||||||||||||||||||
Indefinite trade name | 1,191 | 1,191 | |||||||||||||||||
Amortizing intangible assets: | |||||||||||||||||||
Customer related | 5 | - | 15 | 10,499 | 7,334 | 3,165 | |||||||||||||
Non-compete agreements | 3 | 430 | 430 | - | |||||||||||||||
Trade names | 5 | - | 10 | 1,902 | 1,418 | 484 | |||||||||||||
Total amortizing intangible assets | 12,831 | 9,182 | 3,649 | ||||||||||||||||
Total intangible assets other than goodwill | $ | 14,022 | $ | 9,182 | $ | 4,840 | |||||||||||||
Useful Life | Accumulated Amortization | ||||||||||||||||||
Gross | Net | ||||||||||||||||||
(In years) | (In thousands) | ||||||||||||||||||
Goodwill | $ | 57,799 | $ | 57,799 | |||||||||||||||
Non-amortizing intangible assets: | |||||||||||||||||||
Indefinite trade name | 1,191 | 1,191 | |||||||||||||||||
Amortizing intangible assets: | |||||||||||||||||||
Customer related | 5 | - | 15 | 10,521 | 6,709 | 3,812 | |||||||||||||
Non-compete agreements | 3 | 430 | 346 | 84 | |||||||||||||||
Trade names | 5 | - | 10 | 1,902 | 1,195 | 707 | |||||||||||||
Total amortizing intangible assets | 12,853 | 8,250 | 4,603 | ||||||||||||||||
Total intangible assets other than goodwill | $ | 14,044 | $ | 8,250 | $ | 5,794 | |||||||||||||
Schedule of Goodwill [Table Text Block] | ' | ||||||||||||||||||
Balance as of December 31, 2011 | $ | 57,730 | |||||||||||||||||
Foreign currency translation | 69 | ||||||||||||||||||
Balance as of December 31, 2012 | $ | 57,799 | |||||||||||||||||
Foreign currency translation | (206 | ) | |||||||||||||||||
Balance as of December 31, 2013 | $ | 57,593 |
Note_5_Income_Taxes_Tables
Note 5 - Income Taxes (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] | ' | ||||||||||||
2013 | 2012 | 2011 | |||||||||||
(In thousands) | |||||||||||||
U.S. Operations | $ | 21,882 | $ | 19,836 | $ | 16,017 | |||||||
Foreign Operations | 2,606 | 2,371 | 2,143 | ||||||||||
$ | 24,488 | $ | 22,207 | $ | 18,160 | ||||||||
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | ' | ||||||||||||
2013 | 2012 | 2011 | |||||||||||
(In thousands) | |||||||||||||
Federal: | |||||||||||||
Current | $ | 7,169 | $ | 5,488 | $ | 4,018 | |||||||
Deferred | 195 | 1,140 | 1,170 | ||||||||||
Total | $ | 7,364 | $ | 6,628 | $ | 5,188 | |||||||
Foreign: | |||||||||||||
Current | $ | 716 | $ | 684 | $ | 606 | |||||||
Deferred | (7 | ) | (6 | ) | (1 | ) | |||||||
Total | $ | 709 | $ | 678 | $ | 605 | |||||||
State: | |||||||||||||
Current | $ | 1,020 | $ | 787 | $ | 609 | |||||||
Deferred | (89 | ) | (954 | ) | 194 | ||||||||
Total | $ | 931 | $ | (167 | ) | $ | 803 | ||||||
Total | $ | 9,004 | $ | 7,139 | $ | 6,596 | |||||||
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | ' | ||||||||||||
2013 | 2012 | 2011 | |||||||||||
(In thousands) | |||||||||||||
Expected federal income taxes | $ | 8,571 | $ | 7,772 | $ | 6,356 | |||||||
Foreign tax rate differential | (226 | ) | (203 | ) | (145 | ) | |||||||
U.S. tax graduated rates | -- | 11 | (99 | ) | |||||||||
State income taxes, net of federal benefit and state tax credits | 605 | 552 | 522 | ||||||||||
Federal tax credits | (217 | ) | (282 | ) | (132 | ) | |||||||
Uncertain tax positions | (43 | ) | (73 | ) | 9 | ||||||||
Deferred tax adjustment due to change in state tax law | -- | (661 | ) | -- | |||||||||
Recapitalization expenses | 182 | -- | -- | ||||||||||
Other | 132 | 23 | 85 | ||||||||||
Total | $ | 9,004 | $ | 7,139 | $ | 6,596 | |||||||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | ' | ||||||||||||
2013 | 2012 | ||||||||||||
(In thousands) | |||||||||||||
Deferred tax assets: | |||||||||||||
Allowance for doubtful accounts | $ | 63 | $ | 86 | |||||||||
Accrued expenses | 497 | 356 | |||||||||||
Share based compensation | 1,113 | 859 | |||||||||||
Capital loss carryforward | 1,124 | 1,132 | |||||||||||
Net operating loss | -- | 170 | |||||||||||
Tax credit carryforward | -- | 319 | |||||||||||
Other | 39 | -- | |||||||||||
Gross deferred tax assets | 2,836 | 2,922 | |||||||||||
Less Valuation Allowance | (1,124 | ) | (1,138 | ) | |||||||||
Deferred tax assets | 1,712 | 1,784 | |||||||||||
Deferred tax liabilities: | |||||||||||||
Prepaid expenses | 286 | 324 | |||||||||||
Property and equipment | 1,426 | 1,790 | |||||||||||
Intangible assets | 6,879 | 6,415 | |||||||||||
Other | 200 | 235 | |||||||||||
Deferred tax liabilities | 8,791 | 8,764 | |||||||||||
Net deferred tax liabilities | $ | (7,079 | ) | $ | (6,980 | ) | |||||||
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] | ' | ||||||||||||
(In thousands) | |||||||||||||
Balance of unrecognized tax benefits at December 31, 2011 | $ | 266 | |||||||||||
Reductions due to lapse of applicable statute of limitations | (117 | ) | |||||||||||
Additions based on tax positions of prior years | 84 | ||||||||||||
Additions based on tax positions related to the current year | (9 | ) | |||||||||||
Balance of unrecognized tax benefits at December 31, 2012 | $ | 224 | |||||||||||
Reductions due to lapse of applicable statute of limitations | (91 | ) | |||||||||||
Additions based on tax positions of prior years | 27 | ||||||||||||
Additions based on tax positions related to the current year | 28 | ||||||||||||
Balance of unrecognized tax benefits at December 31, 2013 | $ | 188 |
Note_6_Notes_Payable_Tables
Note 6 - Notes Payable (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||||||||||||||
Schedule of Debt [Table Text Block] | ' | ||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||
Revolving credit note with U.S. Bank, maximum available $6.5 million subject to borrowing base, matures June 30, 2014 | $ | -- | $ | -- | |||||||||||||||||||||
Note payable to U.S. Bank for $11.8 million, interest at a 3.12% fixed rate, 60 monthly principal and interest payments of $212,468 through April 2018 | 10,324 | -- | |||||||||||||||||||||||
Notes payable to U.S. Bank, interest at a 3.79% fixed rate, monthly principal and interest payments of $201,294, with final balloon payment due July 31, 2013 | -- | 12,436 | |||||||||||||||||||||||
Total notes payable | 10,324 | 12,436 | |||||||||||||||||||||||
Less current portion | 2,256 | 12,436 | |||||||||||||||||||||||
Note payable, net of current portion | $ | 8,068 | $ | -- | |||||||||||||||||||||
Schedule of Maturities of Long-term Debt [Table Text Block] | ' | ||||||||||||||||||||||||
Total | 2014 | 2015 | 2016 | 2017 | 2018 | ||||||||||||||||||||
Payments | |||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||
Notes payable | $ | 10,324 | $ | 2,256 | $ | 2,328 | $ | 2,402 | $ | 2,480 | $ | 858 |
Note_7_ShareBased_Compensation1
Note 7 - Share-Based Compensation (Tables) | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||||
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | ' | ||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||
Expected dividend yield at date of grant | 2.26 | to | 3.46% | 2.63 | to | 3.98% | 2 | to | 2.55% | ||||||||||
Expected stock price volatility | 30.34 | to | 30.51% | 29.1 | to | 31.70% | 28.7 | to | 32.00% | ||||||||||
Risk-free interest rate | 0.55 | to | 1.07% | 0.56 | to | 1.15% | 1.7 | to | 2.14% | ||||||||||
Expected life of options (in years) | 4 | to | 6 | 4 | to | 6 | 4 | to | 6 | ||||||||||
Schedule of Share-based Compensation, Activity [Table Text Block] | ' | ||||||||||||||||||
Number of | Weighted Average Exercise | Weighted Average Remaining Contractual Terms (Years) | Aggregate Intrinsic | ||||||||||||||||
Options | Price | Value | |||||||||||||||||
(In thousands) | |||||||||||||||||||
Class A | |||||||||||||||||||
Outstanding at December 31, 2012 | 1,367,754 | $ | 8.45 | ||||||||||||||||
Granted | 232,344 | $ | 15.98 | ||||||||||||||||
Exercised | (155,253 | ) | $ | 3.36 | $ | 1,126 | |||||||||||||
Forfeited | -- | -- | |||||||||||||||||
Outstanding at December 31, 2013 | 1,444,845 | $ | 10.21 | 6.48 | $ | 12,438 | |||||||||||||
Exercisable at December 31, 2013 | 693,975 | $ | 8.96 | 5.37 | $ | 6,846 | |||||||||||||
Class B | |||||||||||||||||||
Outstanding at December 31, 2012 | 227,959 | $ | 18.45 | ||||||||||||||||
Granted | 38,718 | $ | 29.35 | ||||||||||||||||
Exercised | (31,875 | ) | $ | 14.69 | $ | 992 | |||||||||||||
Forfeited | -- | -- | |||||||||||||||||
Outstanding at December 31, 2013 | 234,802 | $ | 20.76 | 6.54 | $ | 3,276 | |||||||||||||
Exercisable at December 31, 2013 | 109,662 | $ | 18.85 | 5.43 | $ | 1,739 | |||||||||||||
Schedule of Nonvested Share Activity [Table Text Block] | ' | ||||||||||||||||||
Class A Shares Outstanding | Class A Weighted Average Grant Date Fair Value | Class B Shares Outstanding | Class B Weighted Average Grant Date Fair Value Per Share | ||||||||||||||||
Per Share | |||||||||||||||||||
Outstanding at December 31, 2012 | 60,609 | $ | 5.77 | 10,101 | $ | 34.65 | |||||||||||||
Granted | -- | -- | -- | -- | |||||||||||||||
Vested | -- | -- | -- | -- | |||||||||||||||
Forfeited | -- | -- | -- | -- | |||||||||||||||
Outstanding at December 31, 2013 | 60,609 | $ | 5.77 | 10,101 | $ | 34.65 |
Note_9_Leases_Tables
Note 9 - Leases (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Leases [Abstract] | ' | ||||||||
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | ' | ||||||||
Year Ending December 31, | Capital | Operating | |||||||
Leases | Leases | ||||||||
(In thousands) | |||||||||
2014 | $ | 137 | $ | 782 | |||||
2015 | 104 | 753 | |||||||
2016 | 9 | 507 | |||||||
2017 | -- | 324 | |||||||
2018 | -- | 202 | |||||||
Thereafter | -- | 14 | |||||||
Total minimum lease payments | 250 | ||||||||
Less: Amount representing interest | 28 | ||||||||
Present value of minimum lease payments | 222 | ||||||||
Less: Current maturities | 114 | ||||||||
Capital lease obligations, net of current portion | $ | 108 |
Note_12_Segment_Information_Ta
Note 12 - Segment Information (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block] | ' | ||||||||||||
2013 | 2012 | 2011 | |||||||||||
(In thousands) | |||||||||||||
Revenue: | |||||||||||||
United States | $ | 85,863 | $ | 79,895 | $ | 70,074 | |||||||
Canada | 6,727 | 6,526 | 5,693 | ||||||||||
Total | $ | 92,590 | $ | 86,421 | $ | 75,767 | |||||||
Long-lived assets: | |||||||||||||
United States | $ | 71,139 | $ | 72,817 | |||||||||
Canada | 3,383 | 3,414 | |||||||||||
Total | $ | 74,522 | $ | 76,231 | |||||||||
Total assets: | |||||||||||||
United States | $ | 97,982 | $ | 87,670 | |||||||||
Canada | 13,014 | 12,376 | |||||||||||
Total | $ | 110,996 | $ | 100,046 |
Supplemental_Disclosures_Of_No1
Supplemental Disclosures Of Non-Cash Investing And Financing Activities (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Supplemental Cash Flow Elements [Abstract] | ' | ' | ' |
Capital Lease Obligations Incurred | $5,000 | $9,000 | $115,000 |
Stock Issued | $150,000 | $4,600,000 | $445,000 |
Note_1_Summary_of_Significant_2
Note 1 - Summary of Significant Accounting Policies (Details) (USD $) | 1 Months Ended | 12 Months Ended | ||
31-May-13 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Note 1 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' |
Number of Common Stock Classes | 2 | ' | ' | ' |
Stock Issued During Period, Shares, Stock Splits (in Shares) | 3 | ' | ' | ' |
Stockholders' Equity Note, Stock Split, Conversion Ratio | 0.5 | ' | ' | ' |
Revenue Recognition, Subscription Period | ' | '12 months | ' | ' |
Capitalized Computer Software, Additions | ' | $1,700,000 | $636,000 | ' |
Number of Operating Segments | ' | ' | 8 | ' |
Number of Reportable Segments | ' | 1 | ' | ' |
Income Tax Credits and Adjustments | ' | 290,000 | 289,000 | 229,000 |
Unrecognized Tax Benefits | ' | 188,000 | 224,000 | 266,000 |
Unrecognized Tax Benefits, Interest on Income Taxes Expense | ' | 5,000 | 11,000 | ' |
Cash Equivalents, at Carrying Value | ' | 21,200,000 | 7,500,000 | ' |
Recognized Favorable Impact [Member] | ' | ' | ' | ' |
Note 1 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' |
Unrecognized Tax Benefits | ' | $188,000 | $224,000 | ' |
Furniture and Fixtures [Member] | Minimum [Member] | ' | ' | ' | ' |
Note 1 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' |
Property, Plant and Equipment, Estimated Useful Lives | ' | 'three | ' | ' |
Furniture and Fixtures [Member] | Maximum [Member] | ' | ' | ' | ' |
Note 1 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' |
Property, Plant and Equipment, Estimated Useful Lives | ' | 'ten | ' | ' |
Computer Equipment [Member] | Minimum [Member] | ' | ' | ' | ' |
Note 1 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' |
Property, Plant and Equipment, Estimated Useful Lives | ' | 'three | ' | ' |
Computer Equipment [Member] | Maximum [Member] | ' | ' | ' | ' |
Note 1 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' |
Property, Plant and Equipment, Estimated Useful Lives | ' | 'five | ' | ' |
Other Capitalized Property Plant and Equipment [Member] | Minimum [Member] | ' | ' | ' | ' |
Note 1 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' |
Property, Plant and Equipment, Estimated Useful Lives | ' | 'three | ' | ' |
Other Capitalized Property Plant and Equipment [Member] | Maximum [Member] | ' | ' | ' | ' |
Note 1 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' |
Property, Plant and Equipment, Estimated Useful Lives | ' | 'five | ' | ' |
Building and Building Improvements [Member] | Minimum [Member] | ' | ' | ' | ' |
Note 1 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' |
Property, Plant and Equipment, Estimated Useful Lives | ' | 'seven | ' | ' |
Building and Building Improvements [Member] | Maximum [Member] | ' | ' | ' | ' |
Note 1 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' |
Property, Plant and Equipment, Estimated Useful Lives | ' | 'forty | ' | ' |
Common Class A [Member] | ' | ' | ' | ' |
Note 1 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in Shares) | ' | 99,562 | 92,460 | 358,707 |
Common Class B [Member] | ' | ' | ' | ' |
Note 1 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in Shares) | ' | 6,407 | 15,410 | 59,785 |
Revenue [Member] | ' | ' | ' | ' |
Note 1 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' |
Concentration Risk, Percentage | ' | 19.00% | 22.00% | 20.00% |
Minimum [Member] | ' | ' | ' | ' |
Note 1 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' |
Marketing Arrangement Term | ' | '1 year | ' | ' |
License Term | ' | '1 year | ' | ' |
Maximum [Member] | ' | ' | ' | ' |
Note 1 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' |
Marketing Arrangement Term | ' | '3 years | ' | ' |
License Term | ' | '3 years | ' | ' |
Original Amount [Member] | ' | ' | ' | ' |
Note 1 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' |
Number of Operating Segments | ' | ' | 8 | ' |
Revised Amount [Member] | ' | ' | ' | ' |
Note 1 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' |
Number of Operating Segments | ' | 2 | ' | ' |
Note_1_Summary_of_Significant_3
Note 1 - Summary of Significant Accounting Policies (Details) - Amounts Recognized in Financial Statements (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Amounts Recognized in Financial Statements [Abstract] | ' | ' | ' |
Amounts charged against income, before income tax benefit | $955 | $388 | $763 |
Amount of related income tax benefit | 377 | 153 | 302 |
Total impact to net income | $578 | $235 | $461 |
Note_1_Summary_of_Significant_4
Note 1 - Summary of Significant Accounting Policies (Details) - Fair Value of Financial Assets and Liabilities (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 1 - Summary of Significant Accounting Policies (Details) - Fair Value of Financial Assets and Liabilities [Line Items] | ' | ' |
Fair value of financial asset | $21,242 | $7,487 |
Money Market Funds [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 1 - Summary of Significant Accounting Policies (Details) - Fair Value of Financial Assets and Liabilities [Line Items] | ' | ' |
Fair value of financial asset | 7,266 | 5,245 |
Money Market Funds [Member] | ' | ' |
Note 1 - Summary of Significant Accounting Policies (Details) - Fair Value of Financial Assets and Liabilities [Line Items] | ' | ' |
Fair value of financial asset | 7,266 | 5,245 |
Commercial Paper [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 1 - Summary of Significant Accounting Policies (Details) - Fair Value of Financial Assets and Liabilities [Line Items] | ' | ' |
Fair value of financial asset | 13,976 | 2,242 |
Commercial Paper [Member] | ' | ' |
Note 1 - Summary of Significant Accounting Policies (Details) - Fair Value of Financial Assets and Liabilities [Line Items] | ' | ' |
Fair value of financial asset | 13,976 | 2,242 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 1 - Summary of Significant Accounting Policies (Details) - Fair Value of Financial Assets and Liabilities [Line Items] | ' | ' |
Fair value of financial asset | $21,242 | $7,487 |
Note_1_Summary_of_Significant_5
Note 1 - Summary of Significant Accounting Policies (Details) - Long-term Debt (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Long-term Debt [Abstract] | ' | ' |
Total carrying amount of long-term debt | $10,324 | $12,436 |
Estimated fair value of long-term debt | $10,156 | $12,490 |
Note_1_Summary_of_Significant_6
Note 1 - Summary of Significant Accounting Policies (Details) - Net Income Per Share Computation (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Employee Stock Option [Member] | Common Class A [Member] | ' | ' | ' |
Weighted average effect of dilutive securities: | ' | ' | ' |
Dilutive securities | 388 | 492 | 474 |
Employee Stock Option [Member] | Common Class B [Member] | ' | ' | ' |
Weighted average effect of dilutive securities: | ' | ' | ' |
Dilutive securities | 61 | 82 | 79 |
Restricted Stock [Member] | Common Class A [Member] | ' | ' | ' |
Weighted average effect of dilutive securities: | ' | ' | ' |
Dilutive securities | 34 | 37 | 36 |
Restricted Stock [Member] | Common Class B [Member] | ' | ' | ' |
Weighted average effect of dilutive securities: | ' | ' | ' |
Dilutive securities | 6 | 6 | 6 |
Common Class A [Member] | ' | ' | ' |
Numerator for net income per share - basic: | ' | ' | ' |
Allocation of distributed earnings (in Dollars) | 1,071 | 8,681 | 2,956 |
Allocation of undistributed earnings (in Dollars) | 6,670 | -1,147 | 2,826 |
Net income attributable to common shareholders (in Dollars) | 7,741 | 7,534 | 5,782 |
Denominator for net income per share - basic: | ' | ' | ' |
Weighted average common shares outstanding - basic | 20,677 | 20,325 | 20,016 |
Weighted average effect of dilutive securities: | ' | ' | ' |
Weighted average common shares outstanding - diluted | 21,099 | 20,854 | 20,526 |
Net income per share - diluted (in Dollars per share) | 0.37 | 0.37 | 0.29 |
Net income per share - basic (in Dollars per share) | 0.37 | 0.36 | 0.28 |
Numerator for net income per share - diluted: | ' | ' | ' |
Net income attributable to common shareholders for basic computation (in Dollars) | 7,741 | 7,534 | 5,782 |
Common Class B [Member] | ' | ' | ' |
Numerator for net income per share - basic: | ' | ' | ' |
Allocation of distributed earnings (in Dollars) | 1,071 | 8,681 | 2,956 |
Allocation of undistributed earnings (in Dollars) | 6,672 | -1,147 | 2,826 |
Net income attributable to common shareholders (in Dollars) | 7,743 | 7,534 | 5,782 |
Denominator for net income per share - basic: | ' | ' | ' |
Weighted average common shares outstanding - basic | 3,447 | 3,388 | 3,336 |
Weighted average effect of dilutive securities: | ' | ' | ' |
Weighted average common shares outstanding - diluted | 3,514 | 3,476 | 3,421 |
Net income per share - diluted (in Dollars per share) | 2.2 | 2.17 | 1.69 |
Net income per share - basic (in Dollars per share) | 2.25 | 2.22 | 1.73 |
Numerator for net income per share - diluted: | ' | ' | ' |
Net income attributable to common shareholders for basic computation (in Dollars) | 7,743 | 7,534 | 5,782 |
Note_2_Variable_Interest_Entit1
Note 2 - Variable Interest Entity (Details) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Note 2 - Variable Interest Entity (Details) [Line Items] | ' |
Annual Recurring Contract Value | $12,500,000 |
Proforma Minimum EBITDA Margin | 35.00% |
Variable Interest Entity Noncontrolling Interest Put Option | 0 |
Variable Interest Entity Profit or Loss | 837,000 |
Variable Interest Entity, Consolidated, Carrying Amount, Assets | 649,000 |
Variable Interest Entity, Consolidated, Carrying Amount, Liabilities | 186,000 |
Additional Capital Contributions [Member] | NRC [Member] | ' |
Note 2 - Variable Interest Entity (Details) [Line Items] | ' |
Variable Interest Entity, Financial or Other Support, Amount | $2,500,000 |
NRC [Member] | ' |
Note 2 - Variable Interest Entity (Details) [Line Items] | ' |
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage | 49.00% |
NG Customer-Connect, LLC [Member] | ' |
Note 2 - Variable Interest Entity (Details) [Line Items] | ' |
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 25.00% |
Illuminate Health, LLC [Member] | ' |
Note 2 - Variable Interest Entity (Details) [Line Items] | ' |
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 26.00% |
Note_3_Property_and_Equipment_1
Note 3 - Property and Equipment (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Note 3 - Property and Equipment (Details) [Line Items] | ' | ' | ' |
Depreciation, Depletion and Amortization | $3,732 | $4,699 | $5,065 |
Property and Equipment [Member] | ' | ' | ' |
Note 3 - Property and Equipment (Details) [Line Items] | ' | ' | ' |
Depreciation, Depletion and Amortization | $2,800 | $3,400 | $3,500 |
Note_3_Property_and_Equipment_2
Note 3 - Property and Equipment (Details) - Property and Equipment (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Furniture and equipment | $4,015 | $3,797 |
Computer equipment and software | 18,569 | 17,647 |
Building | 9,322 | 9,322 |
Land | 425 | 425 |
32,331 | 31,191 | |
Less accumulated depreciation and amortization | 20,433 | 18,698 |
Net property and equipment | 11,898 | 12,493 |
Property and equipment under capital lease | 566 | 561 |
Less accumulated amortization | 294 | 196 |
Net assets under capital lease | 272 | 365 |
Furniture and Fixtures [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment under capital lease | 519 | 514 |
Computer Equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment under capital lease | $47 | $47 |
Note_4_Goodwill_and_Intangible2
Note 4 - Goodwill and Intangible Assets (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ' | ' |
Amortization of Intangible Assets | $954,000 | $1,300,000 | $1,600,000 |
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months | 842,000 | ' | ' |
Finite-Lived Intangible Assets, Amortization Expense, Year Two | 789,000 | ' | ' |
Finite-Lived Intangible Assets, Amortization Expense, Year Three | 597,000 | ' | ' |
Finite-Lived Intangible Assets, Amortization Expense, Year Four | 531,000 | ' | ' |
Finite-Lived Intangible Assets, Amortization Expense, Year Five | 522,000 | ' | ' |
Finite-Lived Intangible Assets, Amortization Expense, after Year Five | $369,000 | ' | ' |
Note_4_Goodwill_and_Intangible3
Note 4 - Goodwill and Intangible Assets (Details) - Intangible assets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | Customer Relationships [Member] | Customer Relationships [Member] | Noncompete Agreements [Member] | Noncompete Agreements [Member] | Trade Names [Member] | Trade Names [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | |||
Customer Relationships [Member] | Customer Relationships [Member] | Trade Names [Member] | Trade Names [Member] | Customer Relationships [Member] | Customer Relationships [Member] | Trade Names [Member] | Trade Names [Member] | ||||||||||
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gross | $57,593 | $57,799 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net | 57,593 | 57,799 | 57,730 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gross | 1,191 | 1,191 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net | 1,191 | 1,191 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Useful Life | ' | ' | ' | ' | ' | '3 years | '3 years | ' | ' | '5 years | '5 years | '5 years | '5 years | '15 years | '15 years | '10 years | '10 years |
Gross | ' | ' | ' | 10,499 | 10,521 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accumulated Amortization | 9,182 | 8,250 | ' | 7,334 | 6,709 | 430 | 346 | 1,418 | 1,195 | ' | ' | ' | ' | ' | ' | ' | ' |
Net | 3,649 | 4,603 | ' | 3,165 | 3,812 | ' | 84 | 484 | 707 | ' | ' | ' | ' | ' | ' | ' | ' |
Useful Life | ' | ' | ' | ' | ' | '3 years | '3 years | ' | ' | '5 years | '5 years | '5 years | '5 years | '15 years | '15 years | '10 years | '10 years |
Gross | ' | ' | ' | ' | ' | 430 | 430 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Useful Life | ' | ' | ' | ' | ' | '3 years | '3 years | ' | ' | '5 years | '5 years | '5 years | '5 years | '15 years | '15 years | '10 years | '10 years |
Gross | ' | ' | ' | ' | ' | ' | ' | 1,902 | 1,902 | ' | ' | ' | ' | ' | ' | ' | ' |
Gross | 12,831 | 12,853 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accumulated Amortization | 9,182 | 8,250 | ' | 7,334 | 6,709 | 430 | 346 | 1,418 | 1,195 | ' | ' | ' | ' | ' | ' | ' | ' |
Gross | 14,022 | 14,044 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net | $4,840 | $5,794 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note_4_Goodwill_and_Intangible4
Note 4 - Goodwill and Intangible Assets (Details) - Summary of changes in the carrying amount of goodwill (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Summary of changes in the carrying amount of goodwill [Abstract] | ' | ' |
Balance | $57,799 | $57,730 |
Foreign Currency Translation | -206 | 69 |
Balance | $57,593 | $57,799 |
Note_5_Income_Taxes_Details
Note 5 - Income Taxes (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Income Tax Disclosure [Abstract] | ' | ' | ' |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 35.00% | 35.00% | 35.00% |
Deferred Tax Assets, Net, Current | $53,000 | $547,000 | ' |
Deferred Tax Liabilities, Net, Noncurrent | 7,132,000 | 7,527,000 | ' |
Valuation Allowance, Deferred Tax Asset, Change in Amount | 14,000 | 214,000 | 0 |
Capital Loss Carryforwards | 3,100,000 | ' | ' |
Deferred Tax Assets, Valuation Allowance | 1,124,000 | 1,138,000 | ' |
Undistributed Earnings of Foreign Subsidiaries | 10,700,000 | ' | ' |
Potential Income Tax Related To Repatriation Of Foreign Earnings | ' | 705,000 | ' |
Unrecognized Tax Benefits | 188,000 | 224,000 | 266,000 |
Unrecognized Tax Benefits, Interest on Income Taxes Accrued | 5,000 | ' | ' |
Unrecognized Tax Benefits, Income Tax Penalties Accrued | $0 | ' | ' |
Note_5_Income_Taxes_Details_In
Note 5 - Income Taxes (Details) - Income Before Income Taxes (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Before Income Taxes [Abstract] | ' | ' | ' |
U.S. Operations | $21,882 | $19,836 | $16,017 |
Foreign Operations | 2,606 | 2,371 | 2,143 |
$24,488 | $22,207 | $18,160 |
Note_5_Income_Taxes_Details_In1
Note 5 - Income Taxes (Details) - Income Tax Expense (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Tax Expense [Abstract] | ' | ' | ' |
Current | $7,169 | $5,488 | $4,018 |
Deferred | 195 | 1,140 | 1,170 |
Total | 7,364 | 6,628 | 5,188 |
Current | 716 | 684 | 606 |
Deferred | -7 | -6 | -1 |
Total | 709 | 678 | 605 |
Current | 1,020 | 787 | 609 |
Deferred | -89 | -954 | 194 |
Total | 931 | -167 | 803 |
Total | $9,004 | $7,139 | $6,596 |
Note_5_Income_Taxes_Details_In2
Note 5 - Income Taxes (Details) - Income Tax Reconciliation (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Tax Reconciliation [Abstract] | ' | ' | ' |
Expected federal income taxes | $8,571 | $7,772 | $6,356 |
Foreign tax rate differential | -226 | -203 | -145 |
U.S. tax graduated rates | ' | 11 | -99 |
State income taxes, net of federal benefit and state tax credits | 605 | 552 | 522 |
Federal tax credits | -217 | -282 | -132 |
Uncertain tax positions | -43 | -73 | 9 |
Deferred tax adjustment due to change in state tax law | ' | -661 | ' |
Recapitalization expenses | 182 | ' | ' |
Other | 132 | 23 | 85 |
Total | $9,004 | $7,139 | $6,596 |
Note_5_Income_Taxes_Details_De
Note 5 - Income Taxes (Details) - Deferred Tax Assets and Liabilities (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Deferred tax assets: | ' | ' |
Allowance for doubtful accounts | $63 | $86 |
Accrued expenses | 497 | 356 |
Share based compensation | 1,113 | 859 |
Capital loss carryforward | 1,124 | 1,132 |
Net operating loss | ' | 170 |
Tax credit carryforward | ' | 319 |
Other | 39 | ' |
Gross deferred tax assets | 2,836 | 2,922 |
Less Valuation Allowance | -1,124 | -1,138 |
Deferred tax assets | 1,712 | 1,784 |
Deferred tax liabilities: | ' | ' |
Prepaid expenses | 286 | 324 |
Property and equipment | 1,426 | 1,790 |
Intangible assets | 6,879 | 6,415 |
Other | 200 | 235 |
Deferred tax liabilities | 8,791 | 8,764 |
Net deferred tax liabilities | ($7,079) | ($6,980) |
Note_5_Income_Taxes_Details_Ch
Note 5 - Income Taxes (Details) - Change in Unrecognized Tax Benefits (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Change in Unrecognized Tax Benefits [Abstract] | ' | ' |
Balance of unrecognized tax benefits | $224,000 | $266,000 |
Reductions due to lapse of applicable statue of limitations | -91,000 | -117,000 |
Additions based on tax positions of prior years | 27,000 | 84,000 |
Additions based on tax positions related to the current year | 28,000 | -9,000 |
Balance of unrecognized tax benefits | $188,000 | $224,000 |
Note_6_Notes_Payable_Details
Note 6 - Notes Payable (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | 8-May-13 | 8-May-13 | Dec. 31, 2013 | Dec. 31, 2013 | 8-May-13 | Dec. 31, 2013 | Mar. 31, 2008 |
New Combined Term Note [Member] | Rate Option 1 [Member] | Rate Option 2 [Member] | Term Loan MIV Acquisition [Member] | Term Loan OCS Acquisition [Member] | New Combined Term Note [Member] | New Combined Term Note [Member] | New Combined Term Note [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | |||
One Month LIBOR [Member] | One, Two, Three, Six, or Twelve Month LIBOR [Member] | |||||||||||
Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | |||||||||||
Note 6 - Notes Payable (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | 3.12% | ' | ' | 3.79% | 3.79% | 3.12% | 3.12% | ' | ' | ' |
Number of Monthly Installments | ' | ' | ' | ' | ' | ' | ' | 60 | 60 | 60 | ' | ' |
Debt Instrument, Periodic Payment (in Dollars) | ' | ' | ' | ' | ' | ' | ' | $212,468 | $212,468 | ' | ' | ' |
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars) | 6,500,000 | 6,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,500,000 |
Borrowing Capacity, Percentage of Accounts Receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 75.00% | ' |
Debt Instrument, Basis Spread on Variable Rate | ' | ' | ' | 2.50% | 2.20% | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Interest Rate at Period End | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.67% | ' |
Line of Credit Facility, Remaining Borrowing Capacity (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $6,500,000 | ' |
Note_6_Notes_Payable_Details_N
Note 6 - Notes Payable (Details) - Notes Payable (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 6 - Notes Payable (Details) - Notes Payable [Line Items] | ' | ' |
Notes payable | $10,324 | $12,436 |
Less current portion | 2,256 | 12,436 |
Note payable, net of current portion | 8,068 | ' |
New Combined Term Note [Member] | ' | ' |
Note 6 - Notes Payable (Details) - Notes Payable [Line Items] | ' | ' |
Notes payable | 10,324 | ' |
Term Loan MIV Acquisition and Term Loan OCS Acquisition [Member] | ' | ' |
Note 6 - Notes Payable (Details) - Notes Payable [Line Items] | ' | ' |
Notes payable | ' | $12,436 |
Note_6_Notes_Payable_Details_N1
Note 6 - Notes Payable (Details) - Notes Payable (Parentheticals) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | 8-May-13 | Dec. 31, 2012 |
New Combined Term Note [Member] | New Combined Term Note [Member] | New Combined Term Note [Member] | Term Loan MIV Acquisition and Term Loan OCS Acquisition [Member] | |||
Note 6 - Notes Payable (Details) - Notes Payable (Parentheticals) [Line Items] | ' | ' | ' | ' | ' | ' |
Revolving credit note, maximum borrowing capacity | $6,500,000 | $6,500,000 | ' | ' | ' | ' |
Note payable, face amount | ' | ' | 11,800,000 | 11,800,000 | ' | ' |
Number of monthly installments | ' | ' | 60 | 60 | 60 | ' |
Fixed interest rate | ' | ' | 3.12% | 3.12% | ' | 3.79% |
Monthly payment | ' | ' | $212,468 | $212,468 | ' | $201,294 |
Note_6_Notes_Payable_Details_R
Note 6 - Notes Payable (Details) - Remaining Note Payable Maturities (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Remaining Note Payable Maturities [Abstract] | ' | ' |
Notes payable | $10,324 | $12,436 |
Notes payable | 2,256 | ' |
Notes payable | 2,328 | ' |
Notes payable | 2,402 | ' |
Notes payable | 2,480 | ' |
Notes payable | $858 | ' |
Note_7_ShareBased_Compensation2
Note 7 - Share-Based Compensation (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Note 7 - Share-Based Compensation (Details) [Line Items] | ' | ' | ' |
Proceeds from Stock Options Exercised (in Dollars) | $840,000 | $1,283,000 | $568,000 |
Employee Service Share-based Compensation, Tax Benefit Realized from Exercise of Stock Options (in Dollars) | 753,000 | 2,000,000 | 350,000 |
Employee Stock Option [Member] | Common Class A [Member] | ' | ' | ' |
Note 7 - Share-Based Compensation (Details) [Line Items] | ' | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized (in Dollars) | 729,000 | ' | ' |
Employee Stock Option [Member] | Common Class B [Member] | ' | ' | ' |
Note 7 - Share-Based Compensation (Details) [Line Items] | ' | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized (in Dollars) | 122,000 | ' | ' |
Employee Stock Option [Member] | Common Class A and Class B [Member] | ' | ' | ' |
Note 7 - Share-Based Compensation (Details) [Line Items] | ' | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | '2 years 138 days | ' | ' |
Employee Stock Option [Member] | The 2001 Equity Incentive Plan [Member] | Minimum [Member] | ' | ' | ' |
Note 7 - Share-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | '1 year | ' | ' |
Employee Stock Option [Member] | The 2001 Equity Incentive Plan [Member] | Maximum [Member] | ' | ' | ' |
Note 7 - Share-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | '5 years | ' | ' |
Employee Stock Option [Member] | 2004 Director Plan [Member] | ' | ' | ' |
Note 7 - Share-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Goods and Nonemployee Services Transaction Vesting Period | '1 year | ' | ' |
Nonvested [Member] | Common Class A [Member] | The 2006 Equity Incentive Plan [Member] | ' | ' | ' |
Note 7 - Share-Based Compensation (Details) [Line Items] | ' | ' | ' |
Stock Issued During Period, Shares, Restricted Stock Award, Gross | ' | ' | 118,503 |
Share Based Compensation Arrangement By Share Based Payment Award, Nonvested Restricted Stock, Outstanding, Number | 60,609 | ' | ' |
Nonvested [Member] | Common Class A [Member] | ' | ' | ' |
Note 7 - Share-Based Compensation (Details) [Line Items] | ' | ' | ' |
Stock Issued During Period, Shares, Restricted Stock Award, Gross | ' | 23,469 | ' |
Nonvested [Member] | Common Class B [Member] | The 2006 Equity Incentive Plan [Member] | ' | ' | ' |
Note 7 - Share-Based Compensation (Details) [Line Items] | ' | ' | ' |
Stock Issued During Period, Shares, Restricted Stock Award, Gross | ' | ' | 19,751 |
Share Based Compensation Arrangement By Share Based Payment Award, Nonvested Restricted Stock, Outstanding, Number | 10,101 | ' | ' |
Nonvested [Member] | Common Class B [Member] | ' | ' | ' |
Note 7 - Share-Based Compensation (Details) [Line Items] | ' | ' | ' |
Stock Issued During Period, Shares, Restricted Stock Award, Gross | ' | 3,912 | ' |
Nonvested [Member] | ' | ' | ' |
Note 7 - Share-Based Compensation (Details) [Line Items] | ' | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized (in Dollars) | 340,000 | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | '2 years 193 days | ' | ' |
Allocated Share-based Compensation Expense (in Dollars) | 140,000 | 74,000 | 143,000 |
Nonvested [Member] | Minimum [Member] | ' | ' | ' |
Note 7 - Share-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | '1 year | ' | ' |
Nonvested [Member] | Maximum [Member] | ' | ' | ' |
Note 7 - Share-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | '5 years | ' | ' |
Common Class A [Member] | The 2001 Equity Incentive Plan [Member] | ' | ' | ' |
Note 7 - Share-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 1,800,000 | ' | ' |
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants, Cumulative | 1,683,309 | ' | ' |
Common Class A [Member] | 2004 Director Plan [Member] | ' | ' | ' |
Note 7 - Share-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants, Cumulative | 1,395,000 | ' | ' |
Share-based Goods and Nonemployee Services Transaction, Shares Approved for Issuance | 1,650,000 | ' | ' |
Common Stock Options Granted To Directors | 36,000 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 255,000 | ' | ' |
Common Class A [Member] | The 2006 Equity Incentive Plan [Member] | ' | ' | ' |
Note 7 - Share-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 1,800,000 | ' | ' |
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants, Cumulative | 766,545 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 1,033,455 | ' | ' |
Common Class A [Member] | ' | ' | ' |
Note 7 - Share-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 232,344 | 238,890 | 498,024 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value (in Dollars) | 1,126,000 | 5,600,000 | 900,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Period Vested, Aggregate Intrinsic Value (in Dollars) | 1,500,000 | 2,300,000 | 1,300,000 |
Common Class B [Member] | The 2001 Equity Incentive Plan [Member] | ' | ' | ' |
Note 7 - Share-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 300,000 | ' | ' |
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants, Cumulative | 280,552 | ' | ' |
Common Class B [Member] | 2004 Director Plan [Member] | ' | ' | ' |
Note 7 - Share-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants, Cumulative | 232,500 | ' | ' |
Share-based Goods and Nonemployee Services Transaction, Shares Approved for Issuance | 275,000 | ' | ' |
Common Stock Options Granted To Directors | 6,000 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 42,500 | ' | ' |
Common Class B [Member] | The 2006 Equity Incentive Plan [Member] | ' | ' | ' |
Note 7 - Share-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 300,000 | ' | ' |
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants, Cumulative | 127,758 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 172,242 | ' | ' |
Common Class B [Member] | ' | ' | ' |
Note 7 - Share-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 38,718 | 39,815 | 83,004 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value (in Dollars) | 992,000 | 941,000 | 150,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Period Vested, Aggregate Intrinsic Value (in Dollars) | $500,000 | $376,000 | $224,000 |
Common Class A and Class B [Member] | ' | ' | ' |
Note 7 - Share-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share) | $3.24 | $2.43 | $2.12 |
The 2001 Equity Incentive Plan [Member] | Minimum [Member] | ' | ' | ' |
Note 7 - Share-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement By Share-based Payment Award Option Term | '5 years | ' | ' |
The 2001 Equity Incentive Plan [Member] | Maximum [Member] | ' | ' | ' |
Note 7 - Share-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement By Share-based Payment Award Option Term | '10 years | ' | ' |
2004 Director Plan [Member] | Normal Term [Member] | ' | ' | ' |
Note 7 - Share-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Goods and Nonemployee Services Transaction Option Terms | '10 years | ' | ' |
2004 Director Plan [Member] | Termination of Service [Member] | ' | ' | ' |
Note 7 - Share-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Goods and Nonemployee Services Transaction Option Terms | '3 years | ' | ' |
The 2006 Equity Incentive Plan [Member] | Minimum [Member] | ' | ' | ' |
Note 7 - Share-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement By Share-based Payment Award Option Term | '5 years | ' | ' |
The 2006 Equity Incentive Plan [Member] | Maximum [Member] | ' | ' | ' |
Note 7 - Share-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement By Share-based Payment Award Option Term | '10 years | ' | ' |
Note_7_ShareBased_Compensation3
Note 7 - Share-Based Compensation (Details) - Stock Options Valuation Assumptions | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Minimum [Member] | ' | ' | ' |
Note 7 - Share-Based Compensation (Details) - Stock Options Valuation Assumptions [Line Items] | ' | ' | ' |
Expected dividend yield at date of grant | 2.26% | 2.63% | 2.00% |
Expected stock price volatility | 30.34% | 29.10% | 28.70% |
Risk-free interest rate | 0.55% | 0.56% | 1.70% |
Expected life of options (in years) | '4 years | '4 years | '4 years |
Maximum [Member] | ' | ' | ' |
Note 7 - Share-Based Compensation (Details) - Stock Options Valuation Assumptions [Line Items] | ' | ' | ' |
Expected dividend yield at date of grant | 3.46% | 3.98% | 2.55% |
Expected stock price volatility | 30.51% | 31.70% | 32.00% |
Risk-free interest rate | 1.07% | 1.15% | 2.14% |
Expected life of options (in years) | '6 years | '6 years | '6 years |
Note_7_ShareBased_Compensation4
Note 7 - Share-Based Compensation (Details) - Stock Option Activity (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Common Class A [Member] | ' | ' | ' |
Note 7 - Share-Based Compensation (Details) - Stock Option Activity [Line Items] | ' | ' | ' |
Number of options | 1,444,845 | 1,367,754 | ' |
Weighted average exercise price (in Dollars per share) | $10.21 | $8.45 | ' |
Weighted average remaining contractual terms (years) | '6 years 175 days | ' | ' |
Aggregate intrinsic value (in thousands) (in Dollars) | $12,438 | ' | ' |
Number of options | 693,975 | ' | ' |
Weighted average exercise price (in Dollars per share) | $8.96 | ' | ' |
Weighted average remaining contractual terms (years) | '5 years 135 days | ' | ' |
Aggregate intrinsic value (in thousands) (in Dollars) | 6,846,000 | ' | ' |
Number of options | 232,344 | 238,890 | 498,024 |
Weighted average exercise price (in Dollars per share) | $15.98 | ' | ' |
Number of options | -155,253 | ' | ' |
Weighted average exercise price (in Dollars per share) | $3.36 | ' | ' |
Aggregate intrinsic value (in thousands) (in Dollars) | 1,126,000 | 5,600,000 | 900,000 |
Common Class B [Member] | ' | ' | ' |
Note 7 - Share-Based Compensation (Details) - Stock Option Activity [Line Items] | ' | ' | ' |
Number of options | 234,802 | 227,959 | ' |
Weighted average exercise price (in Dollars per share) | $20.76 | $18.45 | ' |
Weighted average remaining contractual terms (years) | '6 years 197 days | ' | ' |
Aggregate intrinsic value (in thousands) (in Dollars) | 3,276 | ' | ' |
Number of options | 109,662 | ' | ' |
Weighted average exercise price (in Dollars per share) | $18.85 | ' | ' |
Weighted average remaining contractual terms (years) | '5 years 156 days | ' | ' |
Aggregate intrinsic value (in thousands) (in Dollars) | 1,739,000 | ' | ' |
Number of options | 38,718 | 39,815 | 83,004 |
Weighted average exercise price (in Dollars per share) | $29.35 | ' | ' |
Number of options | -31,875 | ' | ' |
Weighted average exercise price (in Dollars per share) | $14.69 | ' | ' |
Aggregate intrinsic value (in thousands) (in Dollars) | $992,000 | $941,000 | $150,000 |
Note_7_ShareBased_Compensation5
Note 7 - Share-Based Compensation (Details) - Non-vested stock (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Common Class A [Member] | ' | ' |
Note 7 - Share-Based Compensation (Details) - Non-vested stock [Line Items] | ' | ' |
Outstanding at December 31, 2012 | 60,609 | 60,609 |
Outstanding at December 31, 2012 (in Dollars per share) | $5.77 | $5.77 |
Outstanding at December 31, 2013 | 60,609 | 60,609 |
Outstanding at December 31, 2013 (in Dollars per share) | $5.77 | $5.77 |
Common Class B [Member] | ' | ' |
Note 7 - Share-Based Compensation (Details) - Non-vested stock [Line Items] | ' | ' |
Outstanding at December 31, 2012 | 10,101 | 10,101 |
Outstanding at December 31, 2012 (in Dollars per share) | $34.65 | $34.65 |
Outstanding at December 31, 2013 | 10,101 | 10,101 |
Outstanding at December 31, 2013 (in Dollars per share) | $34.65 | $34.65 |
Note_8_Restructuring_and_Sever1
Note 8 - Restructuring and Severance Costs (Details) (2010 Restructuring Plan Contract Terminations [Member], USD $) | 12 Months Ended |
Dec. 31, 2011 | |
2010 Restructuring Plan Contract Terminations [Member] | ' |
Note 8 - Restructuring and Severance Costs (Details) [Line Items] | ' |
Payments for Restructuring | $280,000 |
Note_9_Leases_Details
Note 9 - Leases (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Leases [Abstract] | ' | ' | ' |
Operating Leases, Rent Expense | $720,000 | $715,000 | $986,000 |
Note_9_Leases_Details_Payments
Note 9 - Leases (Details) - Payments Under Non-Cancelable Operating Leases and Capital Leases (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Payments Under Non-Cancelable Operating Leases and Capital Leases [Abstract] | ' | ' |
2014 | $137 | ' |
2014 | 782 | ' |
2015 | 104 | ' |
2015 | 753 | ' |
2016 | 9 | ' |
2016 | 507 | ' |
2017 | 324 | ' |
2018 | 202 | ' |
Thereafter | 14 | ' |
Total minimum lease payments | 250 | ' |
Less: Amount representing interest | 28 | ' |
Present value of minimum lease payments | 222 | ' |
Less: Current maturities | 114 | 102 |
Capital lease obligations, net of current portion | $108 | $225 |
Note_10_Related_Party_Details
Note 10 - Related Party (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Ameritas Life Insurance Corp [Member] | ' | ' | ' |
Note 10 - Related Party (Details) [Line Items] | ' | ' | ' |
Related Party Transaction, Amounts of Transaction | $212,000 | $198,000 | $166,000 |
EPIC Property Management [Member] | ' | ' | ' |
Note 10 - Related Party (Details) [Line Items] | ' | ' | ' |
Related Party Transaction, Amounts of Transaction | ' | ' | 103,000 |
Nebraska Global Investment Company LLC [Member] | ' | ' | ' |
Note 10 - Related Party (Details) [Line Items] | ' | ' | ' |
Related Party Transaction, Amounts of Transaction | $57,000 | $55,000 | ' |
Note_11_Associate_Benefits_Det
Note 11 - Associate Benefits (Details) (USD $) | 12 Months Ended | 24 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | |
Disclosure Text Block Supplement [Abstract] | ' | ' | ' | ' |
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay | ' | ' | ' | 25.00% |
Defined Contribution Plan Maximum Percentage of Annual Contribution Employee Subject to Match | ' | ' | ' | 6.00% |
Defined Contribution Plan, Employers Matching Contribution, Annual Vesting Percentage | ' | ' | ' | 20.00% |
Defined Contribution Plan, Employer Discretionary Contribution Amount (in Dollars) | $252,000 | $236,000 | $182,000 | ' |
Note_12_Segment_Information_De
Note 12 - Segment Information (Details) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Note 12 - Segment Information (Details) [Line Items] | ' | ' |
Number of Operating Segments | ' | 8 |
Number of Reportable Segments | 1 | ' |
Reduced To [Member] | ' | ' |
Note 12 - Segment Information (Details) [Line Items] | ' | ' |
Number of Operating Segments | 2 | ' |
Note_12_Segment_Information_De1
Note 12 - Segment Information (Details) - Revenue and Assets by Geographic Area (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Revenue: | ' | ' | ' |
Revenue | $92,590 | $86,421 | $75,767 |
Long-lived assets: | ' | ' | ' |
Long-lived assets | 74,522 | 76,231 | ' |
Total assets: | ' | ' | ' |
Total assets | 110,996 | 100,046 | ' |
United States [Member] | ' | ' | ' |
Revenue: | ' | ' | ' |
Revenue | 85,863 | 79,895 | 70,074 |
Long-lived assets: | ' | ' | ' |
Long-lived assets | 71,139 | 72,817 | ' |
Total assets: | ' | ' | ' |
Total assets | 97,982 | 87,670 | ' |
Canada [Member] | ' | ' | ' |
Revenue: | ' | ' | ' |
Revenue | 6,727 | 6,526 | 5,693 |
Long-lived assets: | ' | ' | ' |
Long-lived assets | 3,383 | 3,414 | ' |
Total assets: | ' | ' | ' |
Total assets | $13,014 | $12,376 | ' |
Schedule_II_Valuation_and_Qual1
Schedule II - Valuation and Qualifying Accounts (Details) - Valuation and Qualifying Accounts (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Allowance for doubtful accounts: | ' | ' | ' |
Balance at Beginning of Year | $244 | $289 | $337 |
Bad Debt Expense | 145 | 173 | 80 |
Write-offs Net of Recoveries | 206 | 218 | 128 |
Balance at End of Year | $183 | $244 | $289 |