Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Nov. 01, 2013 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'PAR TECHNOLOGY CORP | ' |
Entity Central Index Key | '0000708821 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Entity Voluntary Filers | 'No | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Common Stock, Shares Outstanding | ' | 15,521,316 |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-13 | ' |
CONSOLIDATED_STATEMENTS_OF_OPE
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Net revenues: | ' | ' | ' | ' |
Product | $22,673 | $22,340 | $68,846 | $62,652 |
Service | 14,697 | 16,720 | 46,031 | 48,113 |
Contract | 18,168 | 21,992 | 66,851 | 67,965 |
Revenue, net | 55,538 | 61,052 | 181,728 | 178,730 |
Costs of sales: | ' | ' | ' | ' |
Product | 15,492 | 14,681 | 46,806 | 39,699 |
Service | 11,042 | 11,775 | 33,498 | 33,813 |
Contract | 16,649 | 20,584 | 62,440 | 64,151 |
Cost of goods and services sold | 43,183 | 47,040 | 142,744 | 137,663 |
Gross margin | 12,355 | 14,012 | 38,984 | 41,067 |
Operating expenses: | ' | ' | ' | ' |
Selling, general and administrative | 8,616 | 9,410 | 28,315 | 28,844 |
Research and development | 3,730 | 3,309 | 11,576 | 9,947 |
Amortization of identifiable intangible assets | 0 | 138 | 0 | 441 |
Operating expenses | 12,346 | 12,857 | 39,891 | 39,232 |
Operating income (loss) from continuing operations | 9 | 1,155 | -907 | 1,835 |
Other income (expense), net | 152 | 233 | 373 | 440 |
Interest expense | -16 | -22 | -42 | -64 |
Income (loss) from continuing operations before provision for income taxes | 145 | 1,366 | -576 | 2,211 |
Provision (benefit) for income taxes | -300 | 62 | -900 | 383 |
Income from continuing operations | 445 | 1,304 | 324 | 1,828 |
Discontinued operations - | ' | ' | ' | ' |
Income (loss) on discontinued operations (net of tax) | -5 | 50 | -211 | 1,470 |
Net income | $440 | $1,354 | $113 | $3,298 |
Basic earnings (loss) per share: | ' | ' | ' | ' |
Income from continuing operations (in dollars per share) | $0.03 | $0.09 | $0.02 | $0.12 |
Income (loss) from discontinued operations (in dollars per share) | $0 | $0 | ($0.01) | $0.10 |
Net income (in dollars per share) | $0.03 | $0.09 | $0.01 | $0.22 |
Diluted earnings (loss) per share: | ' | ' | ' | ' |
Income (loss) from continuing operations (in dollars per share) | $0.03 | $0.09 | $0.02 | $0.12 |
Income (loss) from discontinued operations (in dollars per share) | $0 | $0 | ($0.01) | $0.10 |
Net income (loss) (in dollars per share) | $0.03 | $0.09 | $0.01 | $0.22 |
Weighted average shares outstanding | ' | ' | ' | ' |
Basic (in shares) | 15,405 | 15,131 | 15,228 | 15,105 |
Diluted (in shares) | 15,446 | 15,207 | 15,253 | 15,179 |
CONSOLIDATED_STATEMENTS_OF_COM
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) [Abstract] | ' | ' | ' | ' |
Net income | $440 | $1,354 | $113 | $3,298 |
Other comprehensive income (loss), net of tax: | ' | ' | ' | ' |
Foreign currency translation adjustments | 150 | -3 | -299 | -34 |
Comprehensive income (loss) | $590 | $1,351 | ($186) | $3,264 |
CONSOLIDATED_BALANCE_SHEETS
CONSOLIDATED BALANCE SHEETS (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash and cash equivalents | $10,102 | $19,475 |
Accounts receivable-net | 26,023 | 29,890 |
Inventories-net | 25,299 | 26,172 |
Deferred income taxes | 14,367 | 11,037 |
Income taxes receivable | 463 | 0 |
Other current assets | 3,723 | 3,236 |
Total current assets | 79,977 | 89,810 |
Property, plant and equipment - net | 5,507 | 5,857 |
Deferred income taxes | 3,958 | 6,280 |
Goodwill | 6,852 | 6,852 |
Intangible assets - net | 14,069 | 11,747 |
Other assets | 2,614 | 3,219 |
Total Assets | 112,977 | 123,765 |
Current liabilities: | ' | ' |
Current portion of long-term debt | 164 | 159 |
Accounts payable | 12,425 | 21,216 |
Accrued salaries and benefits | 6,404 | 6,397 |
Accrued expenses | 2,176 | 4,467 |
Customer deposits | 939 | 1,380 |
Deferred service revenue | 13,713 | 12,522 |
Income taxes payable | 0 | 547 |
Total current liabilities | 35,821 | 46,688 |
Long-term debt | 960 | 1,084 |
Other long-term liabilities | 3,592 | 3,030 |
Liabilities of discontinued operations | 0 | 141 |
Liabilities Total | 40,373 | 50,943 |
Shareholders' Equity: | ' | ' |
Preferred stock, $.02 par value, 1,000,000 shares authorized | ' | ' |
Common stock, $.02 par value, 29,000,000 shares authorized; 17,229,425 and 17,038,405 shares issued; 15,521,316 and 15,330,718 outstanding | 344 | 341 |
Capital in excess of par value | 43,628 | 43,661 |
Retained earnings | 34,871 | 34,758 |
Accumulated other comprehensive loss | -403 | -104 |
Treasury stock, at cost, 1,708,109 and 1,707,284 shares | -5,836 | -5,834 |
Total shareholders' equity | 72,604 | 72,822 |
Total Liabilities and Shareholders' Equity' | $112,977 | $123,765 |
CONSOLIDATED_BALANCE_SHEETS_Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Shareholders Equity: | ' | ' |
Preferred stock, authorized (in shares) | 1,000,000 | 1,000,000 |
Common stock, par value (in dollars per share) | $0.02 | $0.02 |
Common stock, authorized (in shares) | 29,000,000 | 29,000,000 |
Common stock, issued (in shares) | 17,229,425 | 17,038,405 |
Common stock, outstanding (in shares) | 15,521,316 | 15,330,718 |
Treasury stock, at cost (in shares) | 1,708,109 | 1,707,687 |
Preferred stock, par value (in dollars per share) | $0.02 | $0.02 |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Cash flows from operating activities: | ' | ' |
Net income | $113 | $3,298 |
(Income) loss from discontinued operations | 211 | -1,470 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 2,005 | 2,649 |
Provision for bad debts | 385 | 101 |
Provision for obsolete inventory | 1,877 | 2,330 |
Equity based compensation | -85 | 534 |
Deferred income tax | -1,008 | 1,170 |
Changes in operating assets and liabilities: | ' | ' |
Accounts receivable | 3,482 | 4,256 |
Inventories | -1,004 | -2,538 |
Income tax receivable/payable | -1,009 | -175 |
Other current assets | -526 | -870 |
Other assets | 605 | -245 |
Accounts payable | -8,702 | 1,392 |
Accrued salaries and benefits | 6 | -374 |
Accrued expenses | -2,295 | 1,184 |
Customer deposits | -441 | -374 |
Deferred service revenue | 1,191 | 2,469 |
Other long-term liabilities | 563 | 345 |
Net cash provided by operating activities-continuing operations | -4,632 | 13,682 |
Net cash used in operating activities-discontinued operations | -396 | -2,450 |
Net cash provided by operating activities | -5,028 | 11,232 |
Cash flows from investing activities: | ' | ' |
Capital expenditures | -762 | -1,746 |
Capitalization of software costs | -3,216 | -2,493 |
Purchase of investments | 0 | 1,912 |
Sale of investments | 0 | -956 |
Proceeds from Divestiture of Business | 0 | 4,000 |
Net cash used in investing activities-continuing operations | -3,978 | 717 |
Net cash used in investing activities-discontinued operations | 0 | 0 |
Net cash used in investing activities | -3,978 | 717 |
Cash flows from financing activities: | ' | ' |
Payments of long-term debt | -119 | -1,472 |
Proceeds from the exercise of stock options | 52 | 25 |
Net cash used in financing activities-continuing operations | -67 | -1,447 |
Net cash used in financing activities-discontinued operations | 0 | 0 |
Net cash used in financing activities | -67 | -1,447 |
Effect of exchange rate changes on cash and cash equivalents | -300 | -38 |
Net increase (decrease) in cash and cash equivalents | -9,373 | 10,464 |
Cash and cash equivalents at carrying value from continuing operations | 19,475 | 7,742 |
Cash and cash equivalents at end of period | 10,102 | 18,206 |
Less cash and equivalents of discontinued operations at end of period | 0 | 0 |
Cash and equivalents of continuing operations at end of period | 10,102 | 18,206 |
Cash paid during the period for: | ' | ' |
Interest | 42 | 64 |
Income taxes, net of (refunds) | $1,034 | $175 |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2013 | |
Summary of Significant Accounting Policies [Abstract] | ' |
Summary of Significant Accounting Policies | ' |
Note 1 — Summary of Significant Accounting Policies | |
The accompanying unaudited interim consolidated financial statements have been prepared by PAR Technology Corporation (the “Company” or “PAR”) in accordance with U.S. generally accepted accounting principles for interim financial statements and with the instructions to Form 10-Q and Regulation S-X pertaining to interim financial statements. Accordingly, these interim financial statements do not include all information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. In the opinion of the Company, such unaudited statements include all adjustments (which comprise only normal recurring accruals) necessary for a fair presentation of the results for such periods. The results of operations for the three and nine months ended September 30, 2013 are not necessarily indicative of the results of operations to be expected for any future period. The consolidated financial statements and notes thereto should be read in conjunction with the audited consolidated financial statements and notes for the year ended December 31, 2012 included in the Company’s December 31, 2012 Annual Report to the Securities and Exchange Commission on Form 10-K. | |
The preparation of consolidated financial statements requires management of the Company to make a number of estimates and assumptions relating to the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. Significant items subject to such estimates and assumptions include: the carrying amount of property, plant and equipment, identifiable intangible assets and goodwill, equity based compensation, and valuation allowances for receivables, inventories and deferred income taxes. Actual results could differ from those estimates. | |
The current economic conditions and the continued financial volatility in the U.S. and in many other countries in which the Company operates could contribute to decreased consumer confidence and continued economic uncertainty which may adversely impact the Company’s operating performance. The Company continues to see strength in the markets which it serves; the continued instability could have an impact on purchases of the Company’s products, which could result in a reduction of sales, operating income and cash flows. A decline in these results could have a material adverse impact on the underlying estimates used in deriving the fair value of the Company’s reporting units used in support of its annual goodwill impairment test. These conditions may result in an impairment charge in future periods. | |
Certain amounts for prior periods have been reclassified to conform to the current period classification. | |
During the first quarter of fiscal year 2012, the Company sold substantially all of the assets of its Logistics Management business, PAR Logistics Management Systems Corporation (LMS) to ORBCOMM Inc., including but not limited to accounts receivable, inventory, equipment, intellectual property, and customer contracts. The transaction closed on January 12, 2012. The results of operations of LMS for three and nine months ended September 2013 and 2012 have been recorded as discontinued operations in accordance with Accounting Standards Codification (ASC) 205-20, Presentation of Financial Statements – Discontinued Operations. |
Accounts_Receivable
Accounts Receivable | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Accounts Receivable [Abstract] | ' | ||||||||
Accounts Receivable | ' | ||||||||
Note 2 — Accounts Receivable | |||||||||
(in thousands) | |||||||||
September 30, | December 31, | ||||||||
2013 | 2012 | ||||||||
Government segment: | |||||||||
Billed | $ | 8,886 | $ | 11,226 | |||||
Advanced billings | (1,839 | ) | (3,561 | ) | |||||
7,047 | 7,665 | ||||||||
Hospitality segment: | |||||||||
Accounts receivable - net | 18,976 | 22,225 | |||||||
$ | 26,023 | $ | 29,890 | ||||||
At September 30, 2013 and December 31, 2012, the Company had recorded allowances for doubtful accounts of $530,000 and $541,000, respectively, against Hospitality accounts receivable. |
Inventories
Inventories | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Inventories [Abstract] | ' | ||||||||
Inventories | ' | ||||||||
Note 3 — Inventories | |||||||||
Inventories are primarily used in the manufacture and service of Hospitality products. The components of inventory consist of the following: | |||||||||
(in thousands) | |||||||||
September 30, | December 31, | ||||||||
2013 | 2012 | ||||||||
Finished goods | $ | 12,781 | $ | 13,012 | |||||
Work in process | 457 | 352 | |||||||
Component parts | 3,480 | 3,673 | |||||||
Service parts | 8,581 | 9,135 | |||||||
$ | 25,299 | $ | 26,172 |
Identifiable_intangible_assets
Identifiable intangible assets | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Identifiable intangible assets [Abstract] | ' | ||||||||
Identifiable intangible assets | ' | ||||||||
Note 4 — Identifiable intangible assets | |||||||||
The Company capitalizes certain costs related to the development of computer software sold by its Hospitality segment. Software development costs incurred prior to establishing technological feasibility are charged to operations and included in research and development costs in the period the costs are incurred. Software development costs incurred after establishing technological feasibility (as defined within ASC 985-20) are capitalized and amortized on a product-by-product basis when the product is available for general release to customers. Software costs capitalized during the three and nine months ended September 30, 2013 were $1,590,000 and $3,216,000, respectively. Software costs capitalized during the three and nine months ended September 30, 2012 were $871,000 and $2,493,000, respectively. | |||||||||
Annual amortization, charged to cost of sales when the product is available for general release to customers, is computed using the greater of (a) the straight-line method over the remaining estimated economic life of the product, generally three to seven years or (b) the ratio that current gross revenues for a product bear to the total of current and anticipated future gross revenues for that product. Amortization of capitalized software costs for the three and nine months ended September 30, 2013 was $402,000 and $894,000, respectively. Amortization for the three and nine months ended September 30, 2012 was $402,000 and $1,166,000, respectively. | |||||||||
The components of identifiable intangible assets are: | |||||||||
(in thousands) | |||||||||
September 30, | December 31, | ||||||||
2013 | 2012 | ||||||||
Acquired and internally developed software costs | $ | 15,204 | $ | 11,988 | |||||
Trademarks (non-amortizable) | 1,800 | 1,800 | |||||||
17,004 | 13,788 | ||||||||
Less accumulated amortization | (2,935 | ) | (2,041 | ) | |||||
$ | 14,069 | $ | 11,747 | ||||||
The future amortization of these intangible assets assuming straight-line amortization of capitalized software costs is as follows (in thousands): | |||||||||
2013 | $ | 431 | |||||||
2014 | 1,903 | ||||||||
2015 | 1,863 | ||||||||
2016 | 1,832 | ||||||||
2017 | 1,800 | ||||||||
2018 | 1,699 | ||||||||
Thereafter | 2,741 | ||||||||
Total | $ | 12,269 |
Stock_Based_Compensation
Stock Based Compensation | 9 Months Ended |
Sep. 30, 2013 | |
Stock Based Compensation [Abstract] | ' |
Stock Based Compensation | ' |
Note 5 — Stock Based Compensation | |
The Company applies the fair value recognition provisions of ASC Topic 718 Stock-Based Compensation. The Company recorded stock based compensation expense of $197,000 for the three months ended September 30, 2013 and a net benefit of $85,000 for the nine months ended. The amount recorded for the nine months ended September 30, 2013 was recorded net of benefits of $384,000, as the result of forfeitures of unvested stock awards prior to the completion of the requisite service period. Total stock-based compensation expense included within operating expenses for the three and nine months ended September 30, 2012 was $135,000 and $534,000, respectively. At September 30, 2013, the unrecognized compensation expense related to non-vested equity awards was $730,000 (net of estimated forfeitures), which is expected to be recognized as compensation expense in fiscal years 2013 through 2017. | |
During 2013, the Company has granted a total of 291,000 equity awards as approved by the Company’s Compensation Committee of its Board of Directors to various employees of the Company under the 2005 Equity Incentive Plan. All of the awards granted are time vested over specific service periods as defined in the agreements. | |
During 2012, the Company’s issued approximately 183,000 restricted stock awards to various employees at a per share price of $0.02. The awards were approved by the Compensation Committee of its Board of Directors under the 2005 Equity Incentive Plan. Included in the shares granted are 121,000 performance based restricted stock which vest upon the achievement of financial goals from fiscal years 2012 through 2014. These grant agreements expire if the related performance conditions are not met by December 31, 2014. The Company has not recognized any compensation expense associated with these performance based awards as the achievement of the performance target was not deemed probable during the current period. |
Earnings_per_share
Earnings per share | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Earnings per share [Abstract] | ' | ||||||||
Earnings per share | ' | ||||||||
Note 6 — Earnings per share | |||||||||
Earnings per share are calculated in accordance with ASC Topic 260, which specifies the computation, presentation and disclosure requirements for earnings per share (EPS). It requires the presentation of basic and diluted EPS. Basic EPS excludes all dilution and is based upon the weighted average number of common shares outstanding during the period. Diluted EPS reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted into common stock. | |||||||||
For the three and nine months ended September 30, 2013 there was 418,000 and 530,000 respectively, anti-dilutive stock options outstanding. For the three and nine months ended September 30, 2012, there were 306,000 and 659,000, respectively, anti-dilutive stock options outstanding. | |||||||||
The following is a reconciliation of the weighted average shares outstanding for the basic and diluted EPS computations (in thousands, except per share data): | |||||||||
For the three months | For the three months | ||||||||
ended September 30, | ended September 30, | ||||||||
2013 | 2012 | ||||||||
Income from continuing operations | $ | 445 | $ | 1,304 | |||||
Basic: | |||||||||
Shares outstanding at beginning of period | 15,401 | 15,119 | |||||||
Weighted average shares issued during the period, net | 4 | 12 | |||||||
Weighted average common shares, basic | 15,405 | 15,131 | |||||||
Earnings from continuing operations per common share, basic | $ | 0.03 | $ | 0.09 | |||||
Diluted: | |||||||||
Weighted average common shares, basic | 15,405 | 15,131 | |||||||
Dilutive impact of stock options and restricted stock awards | 41 | 76 | |||||||
Weighted average common shares, diluted | 15,446 | 15,207 | |||||||
Earnings from continuing operations per common share, diluted | $ | 0.03 | $ | 0.09 | |||||
For the nine months | For the nine months | ||||||||
ended September 30, | ended September 30, | ||||||||
2013 | 2012 | ||||||||
Income from continuing operations | $ | 324 | $ | 1,828 | |||||
Basic: | |||||||||
Shares outstanding at beginning of period | 15,210 | 15,051 | |||||||
Weighted average shares issued during the period, net | 18 | 54 | |||||||
Weighted average common shares, basic | 15,228 | 15,105 | |||||||
Earnings from continuing operations per common share, basic | $ | 0.02 | $ | 0.12 | |||||
Diluted: | |||||||||
Weighted average common shares, basic | 15,228 | 15,105 | |||||||
Dilutive impact of stock options and restricted stock awards | 25 | 74 | |||||||
Weighted average common shares, diluted | 15,253 | 15,179 | |||||||
Earnings from continuing operations per common share, diluted | $ | 0.02 | $ | 0.12 |
Segment_and_Related_Informatio
Segment and Related Information | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Segment and Related Information [Abstract] | ' | ||||||||||||||||
Segment and Related Information | ' | ||||||||||||||||
Note 7 — Segment and Related Information | |||||||||||||||||
The Company’s reportable segments are strategic business units that have separate management teams and infrastructures that offer different products and services. | |||||||||||||||||
The Company has two reportable segments, Hospitality and Government. The Hospitality segment offers integrated solutions to the hospitality industry which include industry leading hardware and software applications utilized at restaurants, resorts, hotels and spas. In addition, the Company also provides technology in support of food safety and task management. The Company’s Hospitality segment offers customer support including field service, installation, twenty-four hour telephone support and depot repair. The Government segment develops and delivers geospatial and full motion video solutions to federal/state governments and industry; and provides communications and information technology support services to the United States Department of Defense. Intersegment sales and transfers are not significant. | |||||||||||||||||
Information noted as “Other” primarily relates to the Company’s corporate, home office operations. | |||||||||||||||||
Information as to the Company's segments is set forth below. Amounts below exclude discontinued operations. | |||||||||||||||||
(in thousands) | |||||||||||||||||
For the three months ended September 30, | For the three months ended September 30, | For the nine months ended September 30, | For the nine months ended September 30, | ||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Revenues: | |||||||||||||||||
Hospitality | $ | 37,370 | $ | 39,060 | $ | 114,877 | $ | 110,765 | |||||||||
Government | 18,168 | 21,992 | 66,851 | 67,965 | |||||||||||||
Total | $ | 55,538 | $ | 61,052 | $ | 181,728 | $ | 178,730 | |||||||||
Operating income (loss) from continuing operations: | |||||||||||||||||
Hospitality | $ | (1,304 | ) | $ | 96 | $ | (3,997 | ) | $ | (1,096 | ) | ||||||
Government | 1,411 | 1,193 | 4,108 | 3,465 | |||||||||||||
Other | (98 | ) | (134 | ) | (1,018 | ) | (534 | ) | |||||||||
9 | 1,155 | (907 | ) | 1,835 | |||||||||||||
Other income, net | 152 | 233 | 373 | 440 | |||||||||||||
Interest expense | (16 | ) | (22 | ) | (42 | ) | (64 | ) | |||||||||
Income (loss) from continuing operations before provision for income taxes | $ | 145 | $ | 1,366 | $ | (576 | ) | $ | 2,211 | ||||||||
Depreciation and amortization: | |||||||||||||||||
Hospitality | $ | 673 | $ | 790 | $ | 1,729 | $ | 2,315 | |||||||||
Government | 11 | 18 | 33 | 56 | |||||||||||||
Other | 65 | 97 | 243 | 278 | |||||||||||||
Total | $ | 749 | $ | 905 | $ | 2,005 | $ | 2,649 | |||||||||
Capital expenditures: | |||||||||||||||||
Hospitality | $ | 1,847 | $ | 1,023 | $ | 3,877 | $ | 4,039 | |||||||||
Government | 28 | - | 28 | - | |||||||||||||
Other | - | 55 | 73 | 200 | |||||||||||||
Total | $ | 1,875 | $ | 1,078 | $ | 3,978 | $ | 4,239 | |||||||||
Revenues by geographic area: | |||||||||||||||||
United States | $ | 44,805 | $ | 53,097 | $ | 151,972 | $ | 155,667 | |||||||||
Other Countries | 10,733 | 7,955 | 29,756 | 23,063 | |||||||||||||
Total | $ | 55,538 | $ | 61,052 | $ | 181,728 | $ | 178,730 | |||||||||
The following table represents identifiable assets by business segment: | |||||||||||||||||
(in thousands) | |||||||||||||||||
September 30, | December 31, | ||||||||||||||||
2013 | 2012 | ||||||||||||||||
Identifiable assets: | |||||||||||||||||
Hospitality | $ | 82,203 | $ | 88,298 | |||||||||||||
Government | 8,292 | 9,012 | |||||||||||||||
Other | 22,482 | 26,455 | |||||||||||||||
Total | $ | 112,977 | $ | 123,765 | |||||||||||||
The following table represents identifiable assets by geographic area based on the location of the assets: | |||||||||||||||||
(in thousands) | |||||||||||||||||
September 30, | December 31, | ||||||||||||||||
2013 | 2012 | ||||||||||||||||
United States | $ | 94,638 | $ | 107,149 | |||||||||||||
Other Countries | 18,339 | 16,616 | |||||||||||||||
Total | $ | 112,977 | $ | 123,765 | |||||||||||||
The following table represents Goodwill by business segment: | |||||||||||||||||
(in thousands) | |||||||||||||||||
September 30, | December 31, | ||||||||||||||||
2013 | 2012 | ||||||||||||||||
Hospitality | $ | 6,116 | $ | 6,116 | |||||||||||||
Government | 736 | 736 | |||||||||||||||
Total | $ | 6,852 | $ | 6,852 | |||||||||||||
Customers comprising 10% or more of the Company's total revenues are summarized as follows: | |||||||||||||||||
For the three months ended September 30, | For the three months ended September 30, | For the nine months ended September 30, | For the nine months ended September 30, | ||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Hospitality segment: | |||||||||||||||||
McDonald’s Corporation | 25 | % | 20 | % | 19 | % | 18 | % | |||||||||
Yum! Brands, Inc. | 11 | % | 16 | % | 14 | % | 15 | % | |||||||||
Government segment: | |||||||||||||||||
U.S. Department of Defense | 33 | % | 36 | % | 37 | % | 38 | % | |||||||||
All Others | 31 | % | 28 | % | 30 | % | 29 | % | |||||||||
100 | % | 100 | % | 100 | % | 100 | % |
Accounts_Receivable_Tables
Accounts Receivable (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Accounts Receivable [Abstract] | ' | ||||||||
Accounts receivable | ' | ||||||||
(in thousands) | |||||||||
September 30, | December 31, | ||||||||
2013 | 2012 | ||||||||
Government segment: | |||||||||
Billed | $ | 8,886 | $ | 11,226 | |||||
Advanced billings | (1,839 | ) | (3,561 | ) | |||||
7,047 | 7,665 | ||||||||
Hospitality segment: | |||||||||
Accounts receivable - net | 18,976 | 22,225 | |||||||
$ | 26,023 | $ | 29,890 |
Inventories_Tables
Inventories (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Inventories [Abstract] | ' | ||||||||
Components of inventory | ' | ||||||||
Inventories are primarily used in the manufacture and service of Hospitality products. The components of inventory consist of the following: | |||||||||
(in thousands) | |||||||||
September 30, | December 31, | ||||||||
2013 | 2012 | ||||||||
Finished goods | $ | 12,781 | $ | 13,012 | |||||
Work in process | 457 | 352 | |||||||
Component parts | 3,480 | 3,673 | |||||||
Service parts | 8,581 | 9,135 | |||||||
$ | 25,299 | $ | 26,172 |
Identifiable_intangible_assets1
Identifiable intangible assets (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Identifiable intangible assets [Abstract] | ' | ||||||||
Components of identifiable intangible assets | ' | ||||||||
The components of identifiable intangible assets are: | |||||||||
(in thousands) | |||||||||
September 30, | December 31, | ||||||||
2013 | 2012 | ||||||||
Acquired and internally developed software costs | $ | 15,204 | $ | 11,988 | |||||
Trademarks (non-amortizable) | 1,800 | 1,800 | |||||||
17,004 | 13,788 | ||||||||
Less accumulated amortization | (2,935 | ) | (2,041 | ) | |||||
$ | 14,069 | $ | 11,747 | ||||||
Future amortization of intangible assets | ' | ||||||||
The future amortization of these intangible assets assuming straight-line amortization of capitalized software costs is as follows (in thousands): | |||||||||
2013 | $ | 431 | |||||||
2014 | 1,903 | ||||||||
2015 | 1,863 | ||||||||
2016 | 1,832 | ||||||||
2017 | 1,800 | ||||||||
2018 | 1,699 | ||||||||
Thereafter | 2,741 | ||||||||
Total | $ | 12,269 |
Earnings_per_share_Tables
Earnings per share (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Earnings per share [Abstract] | ' | ||||||||
Reconciliation of the weighted average shares outstanding for the basic and diluted EPS computations | ' | ||||||||
The following is a reconciliation of the weighted average shares outstanding for the basic and diluted EPS computations (in thousands, except per share data): | |||||||||
For the three months | For the three months | ||||||||
ended September 30, | ended September 30, | ||||||||
2013 | 2012 | ||||||||
Income from continuing operations | $ | 445 | $ | 1,304 | |||||
Basic: | |||||||||
Shares outstanding at beginning of period | 15,401 | 15,119 | |||||||
Weighted average shares issued during the period, net | 4 | 12 | |||||||
Weighted average common shares, basic | 15,405 | 15,131 | |||||||
Earnings from continuing operations per common share, basic | $ | 0.03 | $ | 0.09 | |||||
Diluted: | |||||||||
Weighted average common shares, basic | 15,405 | 15,131 | |||||||
Dilutive impact of stock options and restricted stock awards | 41 | 76 | |||||||
Weighted average common shares, diluted | 15,446 | 15,207 | |||||||
Earnings from continuing operations per common share, diluted | $ | 0.03 | $ | 0.09 | |||||
For the nine months | For the nine months | ||||||||
ended September 30, | ended September 30, | ||||||||
2013 | 2012 | ||||||||
Income from continuing operations | $ | 324 | $ | 1,828 | |||||
Basic: | |||||||||
Shares outstanding at beginning of period | 15,210 | 15,051 | |||||||
Weighted average shares issued during the period, net | 18 | 54 | |||||||
Weighted average common shares, basic | 15,228 | 15,105 | |||||||
Earnings from continuing operations per common share, basic | $ | 0.02 | $ | 0.12 | |||||
Diluted: | |||||||||
Weighted average common shares, basic | 15,228 | 15,105 | |||||||
Dilutive impact of stock options and restricted stock awards | 25 | 74 | |||||||
Weighted average common shares, diluted | 15,253 | 15,179 | |||||||
Earnings from continuing operations per common share, diluted | $ | 0.02 | $ | 0.12 |
Segment_and_Related_Informatio1
Segment and Related Information (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Segment and Related Information [Abstract] | ' | ||||||||||||||||
Information of the Company's segments | ' | ||||||||||||||||
Information as to the Company's segments is set forth below. Amounts below exclude discontinued operations. | |||||||||||||||||
(in thousands) | |||||||||||||||||
For the three months ended September 30, | For the three months ended September 30, | For the nine months ended September 30, | For the nine months ended September 30, | ||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Revenues: | |||||||||||||||||
Hospitality | $ | 37,370 | $ | 39,060 | $ | 114,877 | $ | 110,765 | |||||||||
Government | 18,168 | 21,992 | 66,851 | 67,965 | |||||||||||||
Total | $ | 55,538 | $ | 61,052 | $ | 181,728 | $ | 178,730 | |||||||||
Operating income (loss) from continuing operations: | |||||||||||||||||
Hospitality | $ | (1,304 | ) | $ | 96 | $ | (3,997 | ) | $ | (1,096 | ) | ||||||
Government | 1,411 | 1,193 | 4,108 | 3,465 | |||||||||||||
Other | (98 | ) | (134 | ) | (1,018 | ) | (534 | ) | |||||||||
9 | 1,155 | (907 | ) | 1,835 | |||||||||||||
Other income, net | 152 | 233 | 373 | 440 | |||||||||||||
Interest expense | (16 | ) | (22 | ) | (42 | ) | (64 | ) | |||||||||
Income (loss) from continuing operations before provision for income taxes | $ | 145 | $ | 1,366 | $ | (576 | ) | $ | 2,211 | ||||||||
Depreciation and amortization: | |||||||||||||||||
Hospitality | $ | 673 | $ | 790 | $ | 1,729 | $ | 2,315 | |||||||||
Government | 11 | 18 | 33 | 56 | |||||||||||||
Other | 65 | 97 | 243 | 278 | |||||||||||||
Total | $ | 749 | $ | 905 | $ | 2,005 | $ | 2,649 | |||||||||
Capital expenditures: | |||||||||||||||||
Hospitality | $ | 1,847 | $ | 1,023 | $ | 3,877 | $ | 4,039 | |||||||||
Government | 28 | - | 28 | - | |||||||||||||
Other | - | 55 | 73 | 200 | |||||||||||||
Total | $ | 1,875 | $ | 1,078 | $ | 3,978 | $ | 4,239 | |||||||||
Revenues by geographic area: | |||||||||||||||||
United States | $ | 44,805 | $ | 53,097 | $ | 151,972 | $ | 155,667 | |||||||||
Other Countries | 10,733 | 7,955 | 29,756 | 23,063 | |||||||||||||
Total | $ | 55,538 | $ | 61,052 | $ | 181,728 | $ | 178,730 | |||||||||
Identifiable assets by business segment | ' | ||||||||||||||||
The following table represents identifiable assets by business segment: | |||||||||||||||||
(in thousands) | |||||||||||||||||
September 30, | December 31, | ||||||||||||||||
2013 | 2012 | ||||||||||||||||
Identifiable assets: | |||||||||||||||||
Hospitality | $ | 82,203 | $ | 88,298 | |||||||||||||
Government | 8,292 | 9,012 | |||||||||||||||
Other | 22,482 | 26,455 | |||||||||||||||
Total | $ | 112,977 | $ | 123,765 | |||||||||||||
Identifiable assets by geographic area | ' | ||||||||||||||||
The following table represents identifiable assets by geographic area based on the location of the assets: | |||||||||||||||||
(in thousands) | |||||||||||||||||
September 30, | December 31, | ||||||||||||||||
2013 | 2012 | ||||||||||||||||
United States | $ | 94,638 | $ | 107,149 | |||||||||||||
Other Countries | 18,339 | 16,616 | |||||||||||||||
Total | $ | 112,977 | $ | 123,765 | |||||||||||||
Goodwill by business segment | ' | ||||||||||||||||
The following table represents Goodwill by business segment: | |||||||||||||||||
(in thousands) | |||||||||||||||||
September 30, | December 31, | ||||||||||||||||
2013 | 2012 | ||||||||||||||||
Hospitality | $ | 6,116 | $ | 6,116 | |||||||||||||
Government | 736 | 736 | |||||||||||||||
Total | $ | 6,852 | $ | 6,852 | |||||||||||||
Revenue percentage by customer/segment | ' | ||||||||||||||||
Customers comprising 10% or more of the Company's total revenues are summarized as follows: | |||||||||||||||||
For the three months ended September 30, | For the three months ended September 30, | For the nine months ended September 30, | For the nine months ended September 30, | ||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Hospitality segment: | |||||||||||||||||
McDonald’s Corporation | 25 | % | 20 | % | 19 | % | 18 | % | |||||||||
Yum! Brands, Inc. | 11 | % | 16 | % | 14 | % | 15 | % | |||||||||
Government segment: | |||||||||||||||||
U.S. Department of Defense | 33 | % | 36 | % | 37 | % | 38 | % | |||||||||
All Others | 31 | % | 28 | % | 30 | % | 29 | % | |||||||||
100 | % | 100 | % | 100 | % | 100 | % |
Accounts_Receivable_Details
Accounts Receivable (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Accounts Receivable [Abstract] | ' | ' |
Accounts receivable-net | $26,023,000 | $29,890,000 |
Allowances for doubtful accounts | 530,000 | 541,000 |
Government segment [Member] | ' | ' |
Accounts Receivable [Abstract] | ' | ' |
Accounts receivable-net | 7,047,000 | 7,665,000 |
Government segment [Member] | Billed [Member] | ' | ' |
Accounts Receivable [Abstract] | ' | ' |
Accounts receivable-net | 8,886,000 | 11,226,000 |
Government segment [Member] | Advance billings [Member] | ' | ' |
Accounts Receivable [Abstract] | ' | ' |
Accounts receivable-net | -1,839,000 | -3,561,000 |
Hospitality segment [Member] | ' | ' |
Accounts Receivable [Abstract] | ' | ' |
Accounts receivable-net | $18,976,000 | $22,225,000 |
Inventories_Details
Inventories (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Component of inventory use in hospitality product [Abstract] | ' | ' |
Finished goods | $12,781 | $13,012 |
Work in process | 457 | 352 |
Component parts | 3,480 | 3,673 |
Service parts | 8,581 | 9,135 |
Inventory net | $25,299 | $26,172 |
Identifiable_intangible_assets2
Identifiable intangible assets (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' |
Software costs capitalized | $1,590,000 | $871,000 | $3,216,000 | $2,493,000 | ' |
Amortization of capitalized software costs | 402,000 | 402,000 | 894,000 | 1,166,000 | ' |
Amortization of identifiable intangible assets | 0 | ' | 0 | ' | ' |
Components of identifiable intangible assets [Abstract] | ' | ' | ' | ' | ' |
Intangible assets - gross | 17,004,000 | ' | 17,004,000 | ' | 13,788,000 |
Less accumulated amortization | -2,935,000 | ' | -2,935,000 | ' | -2,041,000 |
Intangible assets - net | 14,069,000 | ' | 14,069,000 | ' | 11,747,000 |
Future amortization of intangible assets assuming straight-line amortization of capitalized software costs [Abstract] | ' | ' | ' | ' | ' |
2013 | 431,000 | ' | 431,000 | ' | ' |
2014 | 1,903,000 | ' | 1,903,000 | ' | ' |
2015 | 1,863,000 | ' | 1,863,000 | ' | ' |
2016 | 1,832,000 | ' | 1,832,000 | ' | ' |
2017 | 1,800,000 | ' | 1,800,000 | ' | ' |
2018 | 1,699,000 | ' | 1,699,000 | ' | ' |
Thereafter | 2,741,000 | ' | 2,741,000 | ' | ' |
Total | 12,269,000 | ' | 12,269,000 | ' | ' |
Acquired and internally developed software costs [Member] | ' | ' | ' | ' | ' |
Components of identifiable intangible assets [Abstract] | ' | ' | ' | ' | ' |
Intangible assets - gross | 15,204,000 | ' | 15,204,000 | ' | 11,988,000 |
Trademarks (non-amortizable) [Member] | ' | ' | ' | ' | ' |
Components of identifiable intangible assets [Abstract] | ' | ' | ' | ' | ' |
Intangible assets - gross | $1,800,000 | ' | $1,800,000 | ' | $1,800,000 |
Minimum [Member] | ' | ' | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' |
Remaining estimated economic life of the product | '3 years | ' | '3 years | ' | ' |
Maximum [Member] | ' | ' | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' |
Remaining estimated economic life of the product | ' | '7 years | ' | '7 years | ' |
Stock_Based_Compensation_Detai
Stock Based Compensation (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Total stock-based compensation expense | $197,000 | $135,000 | ($85,000) | $534,000 |
Stock-based compensation expense, tax benefit | ' | ' | 384,000 | ' |
Unrecognized compensation expense | $730,000 | ' | $730,000 | ' |
Restricted Stock [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Number of shares authorized under plan approved by directors (in shares) | ' | 183,000 | ' | 183,000 |
2005 Equity Incentive Plan [Member] | Restricted Stock [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Number of shares authorized under plan approved by directors (in shares) | 291,000 | ' | 291,000 | ' |
Price per share (in dollars per share) | ' | ' | ' | $0.02 |
2005 Equity Incentive Plan [Member] | Performance Based Restricted Stock [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Number of shares authorized under plan approved by directors (in shares) | ' | 121,000 | ' | 121,000 |
Earnings_per_share_Details
Earnings per share (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Reconciliation of the weighted average shares outstanding for the basic and diluted EPS computations [Abstract] | ' | ' | ' | ' |
Income from continuing operations | $445 | $1,304 | $324 | $1,828 |
Basic: | ' | ' | ' | ' |
Shares outstanding at beginning of period (in shares) | 15,401,000 | 15,119,000 | 15,210,000 | 15,051,000 |
Weighted average shares issued during the period, net (in shares) | 4,000 | 12,000 | 18,000 | 54,000 |
Weighted average common shares, basic (in shares) | 15,405,000 | 15,131,000 | 15,228,000 | 15,105,000 |
Earnings from continuing operations per common share, basic (in dollars per share) | $0.03 | $0.09 | $0.02 | $0.12 |
Diluted: | ' | ' | ' | ' |
Weighted average common shares, basic (in shares) | 15,405,000 | 15,131,000 | 15,228,000 | 15,105,000 |
Dilutive impact of stock options and restricted stock awards (in shares) | 41,000 | 76,000 | 25,000 | 74,000 |
Weighted average common shares, diluted (in shares) | 15,446,000 | 15,207,000 | 15,253,000 | 15,179,000 |
Earnings from continuing operations per common share, diluted (in dollars per share) | $0.03 | $0.09 | $0.02 | $0.12 |
Stock Options [Member] | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' |
Anti-dilutive stock options outstanding (in shares) | 418,000 | 306,000 | 530,000 | 659,000 |
Segment_and_Related_Informatio2
Segment and Related Information (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
H | ||||
Segment | ||||
Segment and Related Information [Abstract] | ' | ' | ' | ' |
Number of reportable segments | 2 | ' | ' | ' |
Number of hours of telephone support for hospitality segment (in hours) | 24 | ' | ' | ' |
Information as to the Company's segments [Abstract] | ' | ' | ' | ' |
Revenues | $55,538 | $61,052 | $181,728 | $178,730 |
Operating income (loss) | 9 | 1,155 | -907 | 1,835 |
Other income, net | 152 | 233 | 373 | 440 |
Interest expense | -16 | -22 | -42 | -64 |
Income from continuing operations before provision (loss) for income taxes | 145 | 1,366 | -576 | 2,211 |
Depreciation and amortization | 749 | 905 | 2,005 | 2,649 |
Capital expenditures | 1,875 | 1,078 | 3,978 | 4,239 |
Revenues by geographic area: | ' | ' | ' | ' |
United States | 44,805 | 53,097 | 151,972 | 155,667 |
Other Countries | 10,733 | 7,955 | 29,756 | 23,063 |
Revenue, net | 55,538 | 61,052 | 181,728 | 178,730 |
Hospitality [Member] | ' | ' | ' | ' |
Information as to the Company's segments [Abstract] | ' | ' | ' | ' |
Revenues | 37,370 | 39,060 | 114,877 | 110,765 |
Operating income (loss) | -1,304 | 96 | -3,997 | -1,096 |
Depreciation and amortization | 673 | 790 | 1,729 | 2,315 |
Capital expenditures | 1,847 | 1,023 | 3,877 | 4,039 |
Revenues by geographic area: | ' | ' | ' | ' |
Revenue, net | 37,370 | 39,060 | 114,877 | 110,765 |
Government [Member] | ' | ' | ' | ' |
Information as to the Company's segments [Abstract] | ' | ' | ' | ' |
Revenues | 18,168 | 21,992 | 66,851 | 67,965 |
Operating income (loss) | 1,411 | 1,193 | 4,108 | 3,465 |
Depreciation and amortization | 11 | 18 | 33 | 56 |
Capital expenditures | 28 | 0 | 28 | 0 |
Revenues by geographic area: | ' | ' | ' | ' |
Revenue, net | 18,168 | 21,992 | 66,851 | 67,965 |
Other [Member] | ' | ' | ' | ' |
Information as to the Company's segments [Abstract] | ' | ' | ' | ' |
Operating income (loss) | -98 | -134 | -1,018 | -534 |
Depreciation and amortization | 65 | 97 | 243 | 278 |
Capital expenditures | $0 | $55 | $73 | $200 |
Segment_and_Related_Informatio3
Segment and Related Information, Reconciliation of Segment Assets (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Identifiable assets by geographic area [Abstract] | ' | ' |
Identifiable assets | $112,977 | $123,765 |
Goodwill by business segment [Abstract] | ' | ' |
Goodwill | 6,852 | 6,852 |
UNITED STATES | ' | ' |
Identifiable assets by geographic area [Abstract] | ' | ' |
Identifiable assets | 94,638 | 107,149 |
Other Countries [Member] | ' | ' |
Identifiable assets by geographic area [Abstract] | ' | ' |
Identifiable assets | 18,339 | 16,616 |
Hospitality [Member] | ' | ' |
Identifiable assets by geographic area [Abstract] | ' | ' |
Identifiable assets | 82,203 | 88,298 |
Goodwill by business segment [Abstract] | ' | ' |
Goodwill | 6,116 | 6,116 |
Government [Member] | ' | ' |
Identifiable assets by geographic area [Abstract] | ' | ' |
Identifiable assets | 8,292 | 9,012 |
Goodwill by business segment [Abstract] | ' | ' |
Goodwill | 736 | 736 |
Other [Member] | ' | ' |
Identifiable assets by geographic area [Abstract] | ' | ' |
Identifiable assets | $22,482 | $26,455 |
Segment_and_Related_Informatio4
Segment and Related Information, Revenue By Major Customer (Details) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Revenue, Major Customer [Line Items] | ' | ' | ' | ' |
Percentage of revenue generated by customer (in hundredths) | 100.00% | 100.00% | 100.00% | 100.00% |
McDonald's Corporation [Member] | ' | ' | ' | ' |
Revenue, Major Customer [Line Items] | ' | ' | ' | ' |
Percentage of revenue generated by customer (in hundredths) | 25.00% | 20.00% | 19.00% | 18.00% |
Yum! Brands, Inc. [Member] | ' | ' | ' | ' |
Revenue, Major Customer [Line Items] | ' | ' | ' | ' |
Percentage of revenue generated by customer (in hundredths) | 11.00% | 16.00% | 14.00% | 15.00% |
U.S. Department of Defense [Member] | ' | ' | ' | ' |
Revenue, Major Customer [Line Items] | ' | ' | ' | ' |
Percentage of revenue generated by customer (in hundredths) | 33.00% | 36.00% | 37.00% | 38.00% |
All Others [Member] | ' | ' | ' | ' |
Revenue, Major Customer [Line Items] | ' | ' | ' | ' |
Percentage of revenue generated by customer (in hundredths) | 31.00% | 28.00% | 30.00% | 29.00% |