PAR Technology (PAR) 10-Q 14 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Nov. 01, 2014
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	'	15,545,074
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-14	'

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, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Net revenues:	'	'	'	'
Product	$22,018	$22,673	$63,563	$68,846
Service	14,141	14,697	43,311	46,031
Contract	20,132	18,168	63,360	66,851
Revenue, net	56,291	55,538	170,234	181,728
Costs of sales:	'	'	'	'
Product	14,160	15,492	42,878	46,806
Service	10,088	11,042	30,472	33,498
Contract	18,791	16,649	59,358	62,440
Cost of goods and services sold	43,039	43,183	132,708	142,744
Gross margin	13,252	12,355	37,526	38,984
Operating expenses:	'	'	'	'
Selling, general and administrative	9,379	8,616	28,155	28,315
Research and development	4,017	3,730	11,642	11,576
Amortization of identifiable intangible assets	31	0	31	0
Operating expenses	13,427	12,346	39,828	39,891
Operating income (loss) from continuing operations	-175	9	-2,302	-907
Other income (expense) net	-20	152	308	373
Interest expense	-21	-16	-63	-42
Income (loss) from continuing operations before benefit for income taxes	-216	145	-2,057	-576
Benefit for income taxes	107	300	440	900
Income (loss) from continuing operations	-109	445	-1,617	324
Discontinued operations	'	'	'	'
Loss on discontinued operations (net of tax)	0	-5	0	-211
Net Income (loss)	($109)	$440	($1,617)	$113
Basic Earnings per Share:	'	'	'	'
Income (loss) from continuing operations (in dollars per share)	($0.01)	$0.03	($0.10)	$0.02
Loss from discontinued operations (in dollars per share)	$0	$0	$0	($0.01)
Net income (loss) (in dollars per share)	($0.01)	$0.03	($0.10)	$0.01
Diluted Earnings per Share:	'	'	'	'
Income (loss) from continuing operations (in dollars per share)	($0.01)	$0.03	($0.10)	$0.02
Loss from discontinued operations (in dollars per share)	$0	$0	$0	($0.01)
Net income (loss) (in dollars per share)	($0.01)	$0.03	($0.10)	$0.01
Weighted average shares outstanding	'	'	'	'
Basic (in shares)	15,577	15,405	15,498	15,228
Diluted (in shares)	15,577	15,446	15,498	15,253

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) [Abstract]	'	'	'	'
Net income (loss)	($109)	$440	($1,617)	$113
Other comprehensive income (loss) net of applicable tax:	'	'	'	'
Foreign currency translation adjustments	343	150	258	-299
Comprehensive income (loss)	$234	$590	($1,359)	($186)

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$10,269	$10,015
Accounts receivable - net	31,272	30,688
Inventories-net	25,518	24,465
Income tax refund	434	0
Deferred income taxes	5,034	3,747
Other current assets	4,239	3,418
Total current assets	76,766	72,333
Property, plant and equipment - net	6,034	5,494
Deferred income taxes	14,236	15,083
Goodwill	14,157	6,852
Intangible assets - net	23,084	15,071
Other assets	2,893	2,675
Total Assets	137,170	117,508
Current liabilities:	'	'
Current portion of long-term debt	3,171	166
Borrowings under line of credit	5,982	0
Accounts payable	18,797	17,200
Accrued salaries and benefits	6,421	6,663
Accrued expenses	3,926	2,701
Customer deposits	1,173	1,071
Deferred service revenue	14,433	12,170
Income taxes payable	0	185
Total current liabilities	53,903	40,156
Long-term debt	7,183	918
Other long-term liabilities	3,724	3,714
Total liabilities	64,810	44,788
Commitments and contingencies	'	'
Shareholders' Equity:	'	'
Preferred stock, $.02 par value, 1,000,000 shares authorized	0	0
Common stock, $.02 par value, 29,000,000 shares authorized; 17,253,183 and 17,301,925 shares issued; 15,545,074 and 15,593,816 outstanding	345	344
Capital in excess of par value	44,633	43,635
Retained earnings	33,499	35,116
Accumulated other comprehensive loss	-281	-539
Treasury stock, at cost, 1,708,109 shares	-5,836	-5,836
Total shareholders' equity	72,360	72,720
Total Liabilities and Shareholders' Equity	$137,170	$117,508

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Shareholders Equity:	'	'
Preferred stock, par value (in dollars per share)	$0.02	$0.02
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)	17,253,183	17,301,925
Common stock, outstanding (in shares)	15,545,074	15,593,816
Treasury stock, at cost (in shares)	1,708,109	1,708,109

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Cash flows from operating activities:	'	'
Net income (loss)	($1,617,000)	$113,000
Loss from discontinued operations	0	211,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:	'	'
Depreciation and amortization	2,531,000	2,005,000
Provision for bad debts	236,000	385,000
Provision for obsolete inventory	1,870,000	1,877,000
Equity based compensation	987,000	-85,000
Deferred income tax	-440,000	-1,008,000
Changes in operating assets and liabilities, net of acquisitions:	'	'
Accounts receivable	-820,000	3,482,000
Inventories	-2,923,000	-1,004,000
Income tax receivable/payable	-619,000	-1,009,000
Other current assets	-929,000	-526,000
Other assets	-216,000	605,000
Accounts payable	1,598,000	-8,702,000
Accrued salaries and benefits	-242,000	6,000
Accrued expenses	1,225,000	-2,295,000
Customer deposits	102,000	-441,000
Deferred service revenue	2,263,000	1,191,000
Other liabilities	10,000	563,000
Net cash provided by (used in) operating activities-continuing operations	3,016,000	-4,632,000
Net cash used in operating activities-discontinued operations	0	-396,000
Net cash provided by (used in) operating activities	3,016,000	-5,028,000
Cash flows from investing activities:	'	'
Capital expenditures	-1,633,000	-762,000
Capitalization of software costs	-2,257,000	-3,216,000
Payments for acquisition	-5,000,000	0
Net cash used in investing activities	-8,890,000	-3,978,000
Cash flows from financing activities:	'	'
Payments of long-term debt	-129,000	-119,000
Proceeds from other borrowings	5,982,000	0
Proceeds from the exercise of stock options	13,000	52,000
Net cash used in financing activities	5,866,000	-67,000
Effect of exchange rate changes on cash and cash equivalents	262,000	-300,000
Net increase (decrease) in cash and cash equivalents	254,000	-9,373,000
Cash and cash equivalents at beginning of period	10,015,000	19,475,000
Cash and cash equivalents at end of period	10,269,000	10,102,000
Less cash and equivalents of discontinued operations at end of period	0	0
Cash and equivalents of continuing operations at end of period	10,269,000	10,102,000
Cash paid during the period for:	'	'
Interest	63,000	42,000
Income taxes, net of (refunds)	$592,000	$1,034,000

Summary_of_Significant_Account

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2014
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, 2014 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, 2013 included in the Company’s December 31, 2013 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; however the continued instability in the global economy 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.

Acquisition

Acquisition	9 Months Ended
	Sep. 30, 2014
Acquisition [Abstract]	'
Acquisition	'
	Note 2 — Acquisition
	On September 18, 2014, PAR Technology Corporation (the "Company") and its wholly-owned subsidiary, ParTech, Inc. ("ParTech"), entered into and closed a definitive agreement with Brink Software Inc. ("Brink") and all the shareholders of Brink pursuant to which ParTech has purchased the equity interest of Brink in a two-step closing.  The guaranteed portion of the purchase price for Brink’s shares will total $10 million in cash, which is payable over a period of three years with $5.0 million paid at closing, $3.0 million payable on the first year anniversary of close, and $2.0 million payable on the second year anniversary of close.  In addition to the guaranteed payments, there is a contingent consideration of up $7.0 million payable to Brink based on the achievement of certain conditions as defined in the definitive agreement.
	The agreement also provides for up to $1.0 million of the purchase price to be delivered into escrow if one or more claims arise within the first twelve months of the transaction. Such escrow will serve as a source of payment for any indemnification obligations that may arise.
	The Company is currently assessing the methodologies available to calculate the purchase price allocation based on the fair value of assets acquired.  In determining the purchase price allocation, the Company will consider, among other factors, market participants’ intentions to use the acquired assets and the historical and estimated future demand for the acquired Brink POS cloud based point of sale application.  As of September 30, 2014, the Company recorded preliminary fair value estimates of its purchase price allocation and will adjust the allocations in future periods when the fair value assessments are finalized.  As of September 18, 2014, based on initial fair value estimates, the Company recorded an aggregate purchase price of $14.4 million, including a cash payment of $5.0 million, net of cash acquired of $184,000, plus additional estimated cash payments of $9.4 million, which represents the estimated fair value of the remaining consideration.
	The total aggregate purchase price of $14.4 million was allocated based on preliminary fair value estimates. Negative working capital of $108,000 was acquired, preliminary goodwill recorded from the acquisition was approximately $7.3 million and amortizable intangible assets of $7.2 million. These amounts will be adjusted based on finalization of the fair value assessments. The intangible assets are being amortized either on a straight line basis or an economic consumption basis, which is consistent with the pattern that the economic benefits of the intangible assets are expected to be utilized based on the estimated cash flows generated from such assets. The Company recognized approximately $31,000 of amortization expense related to the amortizable intangible assets at September 30, 2014 based on the aforementioned estimates.
	The contingent purchase price maximum of $7 million can be earned through fiscal year 2018, based upon the achievement of certain conditions as defined in the definitive agreement. The estimated fair value of this contingent consideration, representing the preliminary fair value estimate, was approximately $4.5 million and is included within our non-current liabilities in PAR’s consolidated balance sheet. The preliminary fair value estimate recorded at September 30th, 2014, may change based on the final valuation of the contingent consideration as the Company finalizes its estimate.
	In addition, subsequent to finalizing the fair value of the contingent consideration, any changes in the estimate will be recorded as acquisition related, and will be reflected within the Company’s consolidated statement of operations until the consideration period is completed. The fair value of the contingent consideration payable was estimated using a discounted cash flow method, with significant inputs that are not observable in the market and thus represents a Level 3 fair value measurement as defined in the FASB’s Accounting Standards Codification (ASC) 820, Fair Value Measurements and Disclosures. The significant inputs in the Level 3 measurement not supported by market activity included our probability assessments of expected future cash flows related to the Company’s acquisition of Brink during the contingent consideration period, appropriately discounted considering the uncertainties associated with the obligation, and calculated in accordance with the terms of the definitive agreement.
	The Company has recognized transaction, integration, and other acquisition related costs of approximately $91,000 through September 30, 2014, which have been recorded within sales, general, and administration expense within the Company’s Consolidated Statements of Operations. Additionally, the results of operations of the Brink acquisition is reported in the Company’s consolidated results of operations of the Company from the date of acquisition, which is not deemed material at September 30, 2014.

Accounts_Receivable

Accounts Receivable	9 Months Ended
	Sep. 30, 2014
Accounts Receivable [Abstract]	'
Accounts Receivable	'
	Note 3 — Accounts Receivable
		(in thousands)
		September 30,			December 31,
		2014			2013
	Government segment:
	Billed	$	10,451		$	16,932
	Advanced billings		(1,480	)		(4,335	)
			8,971			12,597
	Hospitality segment:
	Accounts receivable - net		22,301			18,091
		$	31,272		$	30,688
	At September 30, 2014 and December 31, 2013, the Company had recorded allowances for doubtful accounts of $561,000, respectively, against Hospitality accounts receivable.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2014
Inventories [Abstract]	'
Inventories	'
	Note 4 — 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,
		2014		2013
	Finished Goods	$	13,237	$	12,033
	Work in process		441		297
	Component parts		4,175		3,558
	Service parts		7,665		8,577
		$	25,518	$	24,465

Identifiable_intangible_assets

Identifiable intangible assets	9 Months Ended
	Sep. 30, 2014
Identifiable intangible assets [Abstract]	'
Identifiable intangible assets	'
	Note 5 — Identifiable intangible assets
	The Company’s identifiable intangible assets represent intangible assets acquired from the Brink acquisition as well as internally developed software costs.  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 months and nine months ended September 30, 2014 were $732,000 and $2,257,000, respectively.  Software costs capitalized during the three and nine months ended September 30, 2013 were $1,590,000 and $3,216,000, 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, 2014 were $477,000 and $1,411,000, respectively.  Amortization for the three and nine months ended September 30, 2013 were $402,000 and $894,000, respectively.
	The amortization related to the intangible assets acquired from the Brink acquisition represented $31,000 during the three and nine months ended September 30, 2014.  There was no amortization of prior acquisitions recorded for the three and nine months ended September 30, 2013.
	The components of identifiable intangible assets are:
		(in thousands)
		September 30,			December 31,
		2014			2013
	Acquired and internally developed software costs	$	26,094		$	16,640
	Trademarks (non-amortizable)		1,800			1,800
			27,894			18,440
	Less accumulated amortization		(4,810	)		(3,369	)
		$	23,084		$	15,071
	The expected future amortization of these intangible assets assuming straight-line amortization of capitalized software costs and acquisition related intangibles is as follows, noting the amounts below are subject to change based on finalization of fair value assessment estimates (in thousands):
	2014	$	782
	2015		3,445
	2016		3,414
	2017		3,313
	2018		3,211
	Thereafter		7,119
	Total	$	21,284

Stock_Based_Compensation

Stock Based Compensation	9 Months Ended
	Sep. 30, 2014
Stock Based Compensation [Abstract]	'
Stock Based Compensation	'
	Note 6 — Stock Based Compensation
	The Company applies the fair value recognition provisions of ASC Topic 718 Stock-Based Compensation.  The Company recorded stock based compensation of $185,000 and $987,000 for the three and nine months ended September 30, 2014, respectively.  Total stock-based compensation expense included within operating expenses for the three and nine months ended September 30, 2013 was $197,000 and a net benefit of $85,000, respectively.  At September 30, 2014, the unrecognized compensation expense related to non-vested equity awards was $1,363,000 (net of estimated forfeitures), which is expected to be recognized as compensation expense in fiscal years 2014 through 2017.
	During the first nine months of 2014, the Company granted a total of 235,000 equity awards to various employees as recommended by the Company’s Compensation Committee and approved by its Board of Directors, under the 2005 Equity Incentive Plan.  Included within the equity grants were approximately 105,000 performance based restricted stock awards which vest upon the achievement of Business Unit and Consolidated financial goals relative to fiscal years 2014 through 2016.  These equity awards are forfeited if the performance conditions are not achieved for each fiscal year.  For the three and nine month period ended September 30, 2014, the Company recognized compensation expense related to the performance awards based on its estimate of the probability of achievement in accordance with ASC Topic 718.

Earnings_per_share

Earnings per share	9 Months Ended
	Sep. 30, 2014
Earnings per share [Abstract]	'
Earnings per share	'
	Note 7 — 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, 2014 there was no anti-dilutive stock options outstanding as the Company reported a net loss for both periods.  For the three and nine months ended September 30, 2013, there were 418,000 and 530,000, 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,
		2014			2013
	Income (loss) from continuing operations	$	(109	)	$	445
	Basic:
	Shares outstanding at beginning of period		15,590			15,401
	Weighted average shares issued during the period, net		(13	)		4
	Weighted average common shares, basic		15,577			15,405
	Earnings from continuing operations per common share, basic	$	(0.01	)	$	0.03
	Diluted:
	Weighted average common shares, basic		15,577			15,405
	Dilutive impact of stock options and restricted stock awards		-			41
	Weighted average common shares, diluted		15,577			15,446
	Earnings from continuing operations per common share, diluted	$	(0.01	)	$	0.03
		For the nine months			For the nine months
		ended September 30,			ended September 30,
		2014			2013
	Income (loss) from continuing operations	$	(1,617	)	$	324
	Basic:
	Shares outstanding at beginning of period		15,473			15,210
	Weighted average shares issued during the period, net		25			18
	Weighted average common shares, basic		15,498			15,228
	Earnings from continuing operations per common share, basic	$	(0.10	)	$	0.02
	Diluted:
	Weighted average common shares, basic		15,498			15,228
	Dilutive impact of stock options and restricted stock awards		-			25
	Weighted average common shares, diluted		15,498			15,253
	Earnings from continuing operations per common share, diluted	$	(0.10	)	$	0.02

Segment_and_Related_Informatio

Segment and Related Information	9 Months Ended
	Sep. 30, 2014
Segment and Related Information [Abstract]	'
Segment and Related Information	'
	Note 8 — 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 hardware platforms and software applications utilized at restaurants, resorts, hotels and spas and includes the acquisition of Brink.  In addition, the Company also provides technology to support food safety compliance and task management capabilities for retailers, grocers and restaurants.  The Company’s Hospitality segment offers customer support including field service, installation, twenty-four hour telephone support and depot repair.  The Government segment delivers technical expertise in Intelligence, Surveillance & Reconnaissance advanced systems and software solutions to the Federal Government and also 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			For the three			For the nine			For the nine
		months ended			months ended			months ended			months ended
		September 30,			September 30,			September 30,			September 30,
		2014			2013			2014			2013
	Revenues:
	Hospitality	$	36,159		$	37,370		$	106,874		$	114,877
	Government		20,132			18,168			63,360			66,851
	Total	$	56,291		$	55,538		$	170,234		$	181,728
	Operating income (loss) from continuing operations:
	Hospitality	$	(879	)	$	(1,304	)	$	(4,705	)	$	(3,997	)
	Government		1,256			1,411			3,705			4,108
	Other		(552	)		(98	)		(1,302	)		(1,018	)
			(175	)		9			(2,302	)		(907	)
	Other income (expense), net		(20	)		152			308			373
	Interest expense		(21	)		(16	)		(63	)		(42	)
	Income (loss) from continuing operations before provision for income taxes	$	(216	)	$	145		$	(2,057	)	$	(576	)
	Depreciation and amortization:
	Hospitality	$	791		$	673		$	2,285		$	1,729
	Government		12			11			37			33
	Other		67			65			209			243
	Total	$	870		$	749		$	2,531		$	2,005
	Capital expenditures:
	Hospitality	$	1,031		$	1,847		$	3,269		$	3,877
	Government		10			28			36			28
	Other		122			-			585			73
	Total	$	1,163		$	1,875		$	3,890		$	3,978
	Revenues by geographic area:
	United States	$	46,685		$	44,805		$	146,011		$	151,972
	Other Countries		9,606			10,733			24,223			29,756
	Total	$	56,291		$	55,538		$	170,234		$	181,728
	The following table represents identifiable assets by business segment:
		(in thousands)
		September 30,			December 31,
		2014			2013
	Identifiable assets:
	Hospitality	$	102,911		$	81,386
	Government		10,981			16,936
	Other		23,278			19,186
	Total	$	137,170		$	117,508
	The following table represents identifiable assets by geographic area based on the location of the assets:
		(in thousands)
		September 30,			December 31,
		2013			2013
	United States	$	118,765		$	99,937
	Other Countries		18,405			17,571
	Total	$	137,170		$	117,508
	The following table represents Goodwill by business segment:
		(in thousands)
		September 30,			December 31,
		2014			2013
	Hospitality	$	13,421		$	6,116
	Government		736			736
	Total	$	14,157		$	6,852
	Customers comprising 10% or more of the Company's total revenues are summarized as follows:
		For the Three			For the three			For the nine			For the nine
		Months Ended			Months Ended			Months Ended			Months Ended
		September 30,			September 30,			September 30,			September 30,
	2014			2013			2014			2013
Hospitality segment:
McDonald’s Corporation		20	%		25	%		17	%		19	%
Yum! Brands, Inc.		10	%		11	%		13	%		14	%
Government segment:
U.S. Department of Defense		36	%		33	%		37	%		37	%
All Others		34	%		31	%		33	%		30	%
		100	%		100	%		100	%		100	%

Accounts_Receivable_Tables

Accounts Receivable (Tables)	9 Months Ended
	Sep. 30, 2014
Accounts Receivable [Abstract]	'
Accounts receivable	'
		(in thousands)
		September 30,			December 31,
		2014			2013
	Government segment:
	Billed	$	10,451		$	16,932
	Advanced billings		(1,480	)		(4,335	)
			8,971			12,597
	Hospitality segment:
	Accounts receivable - net		22,301			18,091
		$	31,272		$	30,688

Inventories_Tables

Inventories (Tables)	9 Months Ended
	Sep. 30, 2014
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,
		2014		2013
	Finished Goods	$	13,237	$	12,033
	Work in process		441		297
	Component parts		4,175		3,558
	Service parts		7,665		8,577
		$	25,518	$	24,465

Identifiable_intangible_assets1

Identifiable intangible assets (Tables)	9 Months Ended
	Sep. 30, 2014
Identifiable intangible assets [Abstract]	'
Components of identifiable intangible assets	'
	The components of identifiable intangible assets are:
		(in thousands)
		September 30,			December 31,
		2014			2013
	Acquired and internally developed software costs	$	26,094		$	16,640
	Trademarks (non-amortizable)		1,800			1,800
			27,894			18,440
	Less accumulated amortization		(4,810	)		(3,369	)
		$	23,084		$	15,071
Future amortization of intangible assets	'
	The expected future amortization of these intangible assets assuming straight-line amortization of capitalized software costs and acquisition related intangibles is as follows, noting the amounts below are subject to change based on finalization of fair value assessment estimates (in thousands):
	2014	$	782
	2015		3,445
	2016		3,414
	2017		3,313
	2018		3,211
	Thereafter		7,119
	Total	$	21,284

Earnings_per_share_Tables

Earnings per share (Tables)	9 Months Ended
	Sep. 30, 2014
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,
		2014			2013
	Income (loss) from continuing operations	$	(109	)	$	445
	Basic:
	Shares outstanding at beginning of period		15,590			15,401
	Weighted average shares issued during the period, net		(13	)		4
	Weighted average common shares, basic		15,577			15,405
	Earnings from continuing operations per common share, basic	$	(0.01	)	$	0.03
	Diluted:
	Weighted average common shares, basic		15,577			15,405
	Dilutive impact of stock options and restricted stock awards		-			41
	Weighted average common shares, diluted		15,577			15,446
	Earnings from continuing operations per common share, diluted	$	(0.01	)	$	0.03
		For the nine months			For the nine months
		ended September 30,			ended September 30,
		2014			2013
	Income (loss) from continuing operations	$	(1,617	)	$	324
	Basic:
	Shares outstanding at beginning of period		15,473			15,210
	Weighted average shares issued during the period, net		25			18
	Weighted average common shares, basic		15,498			15,228
	Earnings from continuing operations per common share, basic	$	(0.10	)	$	0.02
	Diluted:
	Weighted average common shares, basic		15,498			15,228
	Dilutive impact of stock options and restricted stock awards		-			25
	Weighted average common shares, diluted		15,498			15,253
	Earnings from continuing operations per common share, diluted	$	(0.10	)	$	0.02

Segment_and_Related_Informatio1

Segment and Related Information (Tables)	9 Months Ended
	Sep. 30, 2014
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			For the three			For the nine			For the nine
		months ended			months ended			months ended			months ended
		September 30,			September 30,			September 30,			September 30,
		2014			2013			2014			2013
	Revenues:
	Hospitality	$	36,159		$	37,370		$	106,874		$	114,877
	Government		20,132			18,168			63,360			66,851
	Total	$	56,291		$	55,538		$	170,234		$	181,728
	Operating income (loss) from continuing operations:
	Hospitality	$	(879	)	$	(1,304	)	$	(4,705	)	$	(3,997	)
	Government		1,256			1,411			3,705			4,108
	Other		(552	)		(98	)		(1,302	)		(1,018	)
			(175	)		9			(2,302	)		(907	)
	Other income (expense), net		(20	)		152			308			373
	Interest expense		(21	)		(16	)		(63	)		(42	)
	Income (loss) from continuing operations before provision for income taxes	$	(216	)	$	145		$	(2,057	)	$	(576	)
	Depreciation and amortization:
	Hospitality	$	791		$	673		$	2,285		$	1,729
	Government		12			11			37			33
	Other		67			65			209			243
	Total	$	870		$	749		$	2,531		$	2,005
	Capital expenditures:
	Hospitality	$	1,031		$	1,847		$	3,269		$	3,877
	Government		10			28			36			28
	Other		122			-			585			73
	Total	$	1,163		$	1,875		$	3,890		$	3,978
	Revenues by geographic area:
	United States	$	46,685		$	44,805		$	146,011		$	151,972
	Other Countries		9,606			10,733			24,223			29,756
	Total	$	56,291		$	55,538		$	170,234		$	181,728
Identifiable assets by business segment	'
	The following table represents identifiable assets by business segment:
		(in thousands)
		September 30,			December 31,
		2014			2013
	Identifiable assets:
	Hospitality	$	102,911		$	81,386
	Government		10,981			16,936
	Other		23,278			19,186
	Total	$	137,170		$	117,508
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			2013
	United States	$	118,765		$	99,937
	Other Countries		18,405			17,571
	Total	$	137,170		$	117,508
Goodwill by business segment	'
	The following table represents Goodwill by business segment:
		(in thousands)
		September 30,			December 31,
		2014			2013
	Hospitality	$	13,421		$	6,116
	Government		736			736
	Total	$	14,157		$	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			For the three			For the nine			For the nine
		Months Ended			Months Ended			Months Ended			Months Ended
		September 30,			September 30,			September 30,			September 30,
		2014			2013			2014			2013
	Hospitality segment:
	McDonald’s Corporation		20	%		25	%		17	%		19	%
	Yum! Brands, Inc.		10	%		11	%		13	%		14	%
	Government segment:
	U.S. Department of Defense		36	%		33	%		37	%		37	%
	All Others		34	%		31	%		33	%		30	%
			100	%		100	%		100	%		100	%

Acquisition_Details

Acquisition (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Business Acquisition [Line Items]	'	'	'	'	'
Goodwill recorded from acquisition	$14,157,000	'	$14,157,000	'	$6,852,000
Amortization of identifiable intangible assets	31,000	0	31,000	0	'
Brink Software Inc. [Member]	'	'	'	'	'
Business Acquisition [Line Items]	'	'	'	'	'
Payments for the acquisition	'	'	10,000,000	'	'
Period of purchase price payable	'	'	'3 years	'	'
Contingent liability payable, Maximum	7,000,000	'	7,000,000	'	'
Percentage of equity interest (in hundredths)	100.00%	'	100.00%	'	'
Fair value of negative equity purchased	108,000	'	108,000	'	'
Goodwill recorded from acquisition	7,300,000	'	7,300,000	'	'
Amortizable intangible assets	7,200,000	'	7,200,000	'	'
Amortization of identifiable intangible assets	'	'	31,000	'	'
Escrow provision for contingent purchase agreement	'	'	1,000,000	'	'
Aggregate purchase price	14,400,000	'	14,400,000	'	'
Cash acquired on purchase of business	'	'	184,000	'	'
Net cash paid for purchase of business	'	'	5,000,000	'	'
Additional estimated cash payments	9,400,000	'	9,400,000	'	'
Estimated fair value liability for contingent consideration	4,500,000	'	4,500,000	'	'
Transaction, integration, and other acquisition related costs	91,000	'	91,000	'	'
Brink Software Inc. [Member] | Tranche One [Member]	'	'	'	'	'
Business Acquisition [Line Items]	'	'	'	'	'
Payments for the acquisition	'	'	5,000,000	'	'
Brink Software Inc. [Member] | Tranche Two [Member]	'	'	'	'	'
Business Acquisition [Line Items]	'	'	'	'	'
Payments for the acquisition	'	'	3,000,000	'	'
Brink Software Inc. [Member] | Tranche Three [Member]	'	'	'	'	'
Business Acquisition [Line Items]	'	'	'	'	'
Payments for the acquisition	'	'	$2,000,000	'	'

Accounts_Receivable_Details

Accounts Receivable (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Accounts Receivable [Abstract]	'	'
Accounts receivable - net	$31,272,000	$30,688,000
Allowances for doubtful accounts	561,000	561,000
Government segment [Member]	'	'
Accounts Receivable [Abstract]	'	'
Accounts receivable - net	8,971,000	12,597,000
Government segment [Member] | Billed [Member]	'	'
Accounts Receivable [Abstract]	'	'
Accounts receivable - net	10,451,000	16,932,000
Government segment [Member] | Advance billings [Member]	'	'
Accounts Receivable [Abstract]	'	'
Accounts receivable - net	-1,480,000	-4,335,000
Hospitality segment [Member]	'	'
Accounts Receivable [Abstract]	'	'
Accounts receivable - net	$22,301,000	$18,091,000

Inventories_Details

Inventories (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Component of inventory use in hospitality product [Abstract]	'	'
Finished goods	$13,237	$12,033
Work in process	441	297
Component parts	4,175	3,558
Service parts	7,665	8,577
Inventory net	$25,518	$24,465

Identifiable_intangible_assets2

Identifiable intangible assets (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Finite-Lived Intangible Assets [Line Items]	'	'	'	'	'
Software costs capitalized	$732,000	$1,590,000	$2,257,000	$3,216,000	'
Amortization of capitalized software costs	477,000	402,000	1,411,000	894,000	'
Amortization of identifiable intangible assets	31,000	0	31,000	0	'
Components of identifiable intangible assets [Abstract]	'	'	'	'	'
Intangible assets - gross	27,894,000	'	27,894,000	'	18,440,000
Less accumulated amortization	-4,810,000	'	-4,810,000	'	-3,369,000
Intangible assets - net	23,084,000	'	23,084,000	'	15,071,000
Future amortization of intangible assets assuming straight-line amortization of capitalized software costs [Abstract]	'	'	'	'	'
2014	782,000	'	782,000	'	'
2015	3,445,000	'	3,445,000	'	'
2016	3,414,000	'	3,414,000	'	'
2017	3,313,000	'	3,313,000	'	'
2018	3,211,000	'	3,211,000	'	'
Thereafter	7,119,000	'	7,119,000	'	'
Total	21,284,000	'	21,284,000	'	'
Acquired and internally developed software costs [Member]	'	'	'	'	'
Components of identifiable intangible assets [Abstract]	'	'	'	'	'
Intangible assets - gross	26,094,000	'	26,094,000	'	16,640,000
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	'	'
Maximum [Member]	'	'	'	'	'
Finite-Lived Intangible Assets [Line Items]	'	'	'	'	'
Remaining estimated economic life of the product	'	'	'7 years	'	'

Stock_Based_Compensation_Detai

Stock Based Compensation (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Total stock-based compensation expense (benefit)	$185,000	$197,000	$987,000	($85,000)
Unrecognized compensation expense	$1,363,000	'	$1,363,000	'
2005 Equity Incentive Plan [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Number of shares authorized under plan approved by directors (in shares)	235,000	'	235,000	'
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)	105,000	'	105,000	'

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, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Earnings per share [Abstract]	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	418,000	0	530,000
Reconciliation of the weighted average shares outstanding for the basic and diluted EPS computations [Abstract]	'	'	'	'
Income (loss) from continuing operations	($109)	$445	($1,617)	$324
Basic: [Abstract]	'	'	'	'
Shares outstanding at beginning of period (in shares)	15,590,000	15,401,000	15,473,000	15,210,000
Weighted average shares issued during the period, net (in shares)	-13,000	4,000	25,000	18,000
Weighted average common shares, basic (in shares)	15,577,000	15,405,000	15,498,000	15,228,000
Earnings from continuing operations per common share, basic (in dollars per share)	($0.01)	$0.03	($0.10)	$0.02
Diluted: [Abstract]	'	'	'	'
Weighted average common shares, basic (in shares)	15,577,000	15,405,000	15,498,000	15,228,000
Dilutive impact of stock options and restricted stock awards (in shares)	0	41,000	0	25,000
Weighted average common shares, diluted (in shares)	15,577,000	15,446,000	15,498,000	15,253,000
Earnings from continuing operations per common share, diluted (in dollars per share)	($0.01)	$0.03	($0.10)	$0.02

Segment_and_Related_Informatio2

Segment and Related Information (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
			Segment
			H
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	$56,291	$55,538	$170,234	$181,728
Operating income (loss) from continuing operations	-175	9	-2,302	-907
Other income (expense), net	-20	152	308	373
Interest expense	-21	-16	-63	-42
Income (loss) from continuing operations before benefit for income taxes	-216	145	-2,057	-576
Depreciation and amortization	870	749	2,531	2,005
Capital expenditures	1,163	1,875	3,890	3,978
United States [Member]	'	'	'	'
Information as to the Company's segments [Abstract]	'	'	'	'
Revenues	46,685	44,805	146,011	151,972
Other Countries [Member]	'	'	'	'
Information as to the Company's segments [Abstract]	'	'	'	'
Revenues	9,606	10,733	24,223	29,756
Hospitality [Member] | Operating Segments [Member]	'	'	'	'
Information as to the Company's segments [Abstract]	'	'	'	'
Revenues	36,159	37,370	106,874	114,877
Operating income (loss) from continuing operations	-879	-1,304	-4,705	-3,997
Depreciation and amortization	791	673	2,285	1,729
Capital expenditures	1,031	1,847	3,269	3,877
Government [Member] | Operating Segments [Member]	'	'	'	'
Information as to the Company's segments [Abstract]	'	'	'	'
Revenues	20,132	18,168	63,360	66,851
Operating income (loss) from continuing operations	1,256	1,411	3,705	4,108
Depreciation and amortization	12	11	37	33
Capital expenditures	10	28	36	28
Other [Member]	'	'	'	'
Information as to the Company's segments [Abstract]	'	'	'	'
Operating income (loss) from continuing operations	-552	-98	-1,302	-1,018
Depreciation and amortization	67	65	209	243
Capital expenditures	$122	$0	$585	$73

Segment_and_Related_Informatio3

Segment and Related Information, Reconciliation of Segment Assets (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Identifiable assets by geographic area [Abstract]	'	'
Identifiable assets	$137,170	$117,508
Goodwill by business segment [Abstract]	'	'
Goodwill	14,157	6,852
United States [Member]	'	'
Identifiable assets by geographic area [Abstract]	'	'
Identifiable assets	118,765	99,937
Other Countries [Member]	'	'
Identifiable assets by geographic area [Abstract]	'	'
Identifiable assets	18,405	17,571
Hospitality [Member] | Operating Segments [Member]	'	'
Identifiable assets by geographic area [Abstract]	'	'
Identifiable assets	102,911	81,386
Goodwill by business segment [Abstract]	'	'
Goodwill	13,421	6,116
Government [Member] | Operating Segments [Member]	'	'
Identifiable assets by geographic area [Abstract]	'	'
Identifiable assets	10,981	16,936
Goodwill by business segment [Abstract]	'	'
Goodwill	736	736
Other [Member]	'	'
Identifiable assets by geographic area [Abstract]	'	'
Identifiable assets	$23,278	$19,186

Segment_and_Related_Informatio4

Segment and Related Information, Revenue By Major Customer (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Revenue, Major Customer [Line Items]	'	'	'	'
Percentage of revenue generated by customer (in hundredths)	100.00%	100.00%	100.00%	100.00%
Hospitality segment [Member] | McDonald's Corporation [Member] | Operating Segments [Member]	'	'	'	'
Revenue, Major Customer [Line Items]	'	'	'	'
Percentage of revenue generated by customer (in hundredths)	20.00%	25.00%	17.00%	19.00%
Hospitality segment [Member] | Yum! Brands, Inc. [Member] | Operating Segments [Member]	'	'	'	'
Revenue, Major Customer [Line Items]	'	'	'	'
Percentage of revenue generated by customer (in hundredths)	10.00%	11.00%	13.00%	14.00%
Government segment [Member] | U.S. Department of Defense [Member] | Operating Segments [Member]	'	'	'	'
Revenue, Major Customer [Line Items]	'	'	'	'
Percentage of revenue generated by customer (in hundredths)	36.00%	33.00%	37.00%	37.00%
All Others [Member]	'	'	'	'
Revenue, Major Customer [Line Items]	'	'	'	'
Percentage of revenue generated by customer (in hundredths)	34.00%	31.00%	33.00%	30.00%