Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Feb. 14, 2014 | Jun. 28, 2013 | |
Document and Entity Information | ' | ' | ' |
Entity Registrant Name | 'CIBER INC | ' | ' |
Entity Central Index Key | '0000918581 | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Filer Category | 'Accelerated Filer | ' | ' |
Document Type | '10-K | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Amendment Flag | 'false | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 76,586,950 | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Public Float | ' | ' | $227,916,747 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
REVENUES | ' | ' | ' |
Consulting services | $830,505 | $819,848 | $845,126 |
Other revenue | 46,788 | 45,749 | 43,260 |
Total revenues | 877,293 | 865,597 | 888,386 |
OPERATING EXPENSES | ' | ' | ' |
Cost of consulting services | 626,771 | 615,494 | 640,028 |
Cost of other revenue | 27,465 | 26,625 | 24,059 |
Selling, general and administrative | 205,615 | 202,185 | 216,867 |
Goodwill impairment | 0 | 0 | 16,300 |
Amortization of intangible assets | 0 | 644 | 1,534 |
Restructuring charges | 16,923 | 7,981 | 0 |
Total operating expenses | 876,774 | 852,929 | 898,788 |
OPERATING INCOME (LOSS) FROM CONTINUING OPERATIONS | 519 | 12,668 | -10,402 |
Interest income | 857 | 618 | 809 |
Interest expense | -2,539 | -5,976 | -7,898 |
Other expense, net | -16 | -359 | -2,540 |
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | -1,179 | 6,951 | -20,031 |
Income tax expense | 6,428 | 11,024 | 32,320 |
NET LOSS FROM CONTINUING OPERATIONS | -7,607 | -4,073 | -52,351 |
Loss from discontinued operations, net of income tax | -6,924 | -10,009 | -14,881 |
CONSOLIDATED NET LOSS | -14,531 | -14,082 | -67,232 |
Net income (loss) attributable to noncontrolling interests | -11 | 545 | 29 |
NET LOSS ATTRIBUTABLE TO CIBER, INC. | ($14,520) | ($14,627) | ($67,261) |
Basic and diluted loss per share attributable to Ciber, Inc.: | ' | ' | ' |
Continuing operations (in dollars per share) | ($0.10) | ($0.06) | ($0.73) |
Discontinued operations (in dollars per share) | ($0.09) | ($0.14) | ($0.21) |
Basic and diluted loss per share attributable to Ciber, Inc. (in dollars per share) | ($0.19) | ($0.20) | ($0.94) |
Weighted average shares outstanding | ' | ' | ' |
Basic and Diluted (in shares) | 74,846 | 73,166 | 71,831 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Loss) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Comprehensive income (loss): | ' | ' | ' |
Consolidated net loss | ($14,531) | ($14,082) | ($67,232) |
Gain on hedging activity, net of tax | 0 | 0 | 284 |
Reclassification adjustment to loss from discontinued operations | 1,008 | 0 | 0 |
Foreign currency translation adjustments | 1,880 | 7,214 | -7,946 |
Comprehensive loss | -11,643 | -6,868 | -74,894 |
Comprehensive income (loss) attributable to noncontrolling interests | -11 | 545 | 34 |
Comprehensive loss attributable to Ciber, Inc. | ($11,632) | ($7,413) | ($74,928) |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash and cash equivalents | $44,483 | $58,849 |
Accounts receivable, net of allowances of $2,335 and $1,752, respectively | 189,382 | 200,257 |
Prepaid expenses and other current assets | 22,794 | 24,054 |
Total current assets | 256,659 | 283,160 |
Property and equipment, net of accumulated depreciation of $48,500 and $47,859, respectively | 12,923 | 13,683 |
Goodwill | 281,714 | 276,599 |
Other assets | 6,522 | 7,029 |
TOTAL ASSETS | 557,818 | 580,471 |
Current liabilities: | ' | ' |
Current portion of long-term debt | 53 | 6,337 |
Accounts payable | 34,223 | 30,775 |
Accrued compensation and related liabilities | 69,622 | 68,900 |
Deferred revenue | 20,989 | 21,872 |
Income taxes payable | 1,654 | 4,331 |
Other accrued expenses and liabilities | 44,190 | 45,477 |
Total current liabilities | 170,731 | 177,692 |
Long-term debt | 0 | 19,790 |
Deferred income taxes | 23,910 | 21,848 |
Other long-term liabilities | 10,119 | 2,188 |
Total liabilities | 204,760 | 221,518 |
Commitments and contingencies | ' | ' |
Ciber, Inc. shareholders' equity: | ' | ' |
Preferred stock, $0.01 par value, 1,000 shares authorized, no shares issued | 0 | 0 |
Common stock, $0.01 par value, 100,000 shares authorized, 75,822 and 74,487 shares issued, respectively | 758 | 745 |
Treasury stock, at cost, 37 and 708 shares, respectively | -150 | -4,057 |
Additional paid-in capital | 343,944 | 337,639 |
Retained earnings | 4,887 | 24,032 |
Accumulated other comprehensive income | 3,096 | 208 |
Total Ciber, Inc. shareholders' equity | 352,535 | 358,567 |
Noncontrolling interests | 523 | 386 |
Total equity | 353,058 | 358,953 |
TOTAL LIABILITIES AND EQUITY | $557,818 | $580,471 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Statement of Financial Position [Abstract] | ' | ' |
Accounts receivable, allowances | $2,335 | $1,752 |
Property and equipment, accumulated depreciation | $48,500 | $47,859 |
Preferred stock, par value (in dollars per share) | $0.01 | $0.01 |
Preferred stock, shares authorized | 1,000,000 | 1,000,000 |
Preferred stock, shares issued | 0 | 0 |
Common stock, par value (in dollars per share) | $0.01 | $0.01 |
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, shares issued | 75,822,000 | 74,487,000 |
Treasury stock, shares | 37,000 | 708,000 |
Consolidated_Statements_of_Sha
Consolidated Statements of Shareholders' Equity (USD $) | Total | Common Stock | Treasury Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Total Ciber, Inc. Shareholders' Equity | Noncontrolling Interests |
In Thousands, unless otherwise specified | ||||||||
BALANCES at Dec. 31, 2010 | $419,500 | $745 | ($25,003) | $325,177 | $118,113 | $661 | $419,693 | ($193) |
BALANCES (in shares) at Dec. 31, 2010 | ' | 74,487 | 4,363 | ' | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity | ' | ' | ' | ' | ' | ' | ' | ' |
Consolidated net income (loss) | -67,232 | ' | ' | ' | -67,261 | ' | -67,261 | 29 |
Gain on hedging activity, net of $174 tax | 284 | ' | ' | ' | ' | 284 | 284 | ' |
Foreign currency translation | -7,946 | ' | ' | ' | ' | -7,951 | -7,951 | 5 |
Treasury shares issued under employee share plans | 7,490 | ' | 14,005 | ' | -6,515 | ' | 7,490 | ' |
Treasury shares issued under employee share plans (in shares) | ' | ' | 2,444 | ' | ' | ' | ' | ' |
Share-based compensation | 4,911 | ' | ' | 4,911 | ' | ' | 4,911 | ' |
BALANCES at Dec. 31, 2011 | 357,007 | 745 | -10,998 | 330,088 | 44,337 | -7,006 | 357,166 | -159 |
BALANCES (in shares) at Dec. 31, 2011 | ' | 74,487 | 1,919 | ' | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity | ' | ' | ' | ' | ' | ' | ' | ' |
Consolidated net income (loss) | -14,082 | ' | ' | ' | -14,627 | ' | -14,627 | 545 |
Gain on hedging activity, net of $174 tax | 0 | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation | 7,214 | ' | ' | ' | ' | 7,214 | 7,214 | ' |
Treasury shares issued under employee share plans | 1,263 | ' | 6,941 | ' | -5,678 | ' | 1,263 | ' |
Treasury shares issued under employee share plans (in shares) | ' | ' | 1,211 | ' | ' | ' | ' | ' |
Share-based compensation | 7,551 | ' | ' | 7,551 | ' | ' | 7,551 | ' |
BALANCES at Dec. 31, 2012 | 358,953 | 745 | -4,057 | 337,639 | 24,032 | 208 | 358,567 | 386 |
BALANCES (in shares) at Dec. 31, 2012 | ' | 74,487 | 708 | ' | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity | ' | ' | ' | ' | ' | ' | ' | ' |
Consolidated net income (loss) | -14,531 | ' | ' | ' | -14,520 | ' | -14,520 | -11 |
Gain on hedging activity, net of $174 tax | 0 | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation | 1,880 | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation and reclassification | 2,888 | ' | ' | ' | ' | 2,888 | 2,888 | ' |
Change in noncontrolling interest | -6,607 | ' | ' | -6,755 | ' | ' | -6,755 | 148 |
Treasury shares issued under employee share plans | 609 | 13 | 3,907 | 1,314 | -4,625 | ' | 609 | ' |
Treasury shares issued under employee share plans (in shares) | ' | 1,335 | 671 | ' | ' | ' | ' | ' |
Share-based compensation | 11,746 | ' | ' | 11,746 | ' | ' | 11,746 | ' |
BALANCES at Dec. 31, 2013 | $353,058 | $758 | ($150) | $343,944 | $4,887 | $3,096 | $352,535 | $523 |
BALANCES (in shares) at Dec. 31, 2013 | ' | 75,822 | 37 | ' | ' | ' | ' | ' |
Consolidated_Statements_of_Sha1
Consolidated Statements of Shareholders' Equity (Parenthetical) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2011 |
Statement of Stockholders' Equity [Abstract] | ' |
Gain (Loss) on hedging activity, tax | $174 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
CASH FLOWS FROM OPERATING ACTIVITIES | ' | ' | ' |
Consolidated net loss | ($14,531) | ($14,082) | ($67,232) |
Adjustments to reconcile consolidated net loss to net cash provided by (used in) operating activities: | ' | ' | ' |
Loss from discontinued operations | 6,924 | 10,009 | 14,881 |
Goodwill impairment | 0 | 0 | 16,300 |
Depreciation | 5,797 | 7,366 | 7,939 |
Amortization of intangible assets | 0 | 644 | 1,534 |
Deferred income tax expense | 2,706 | 4,892 | 26,900 |
Provision for doubtful receivables | 1,813 | 825 | 509 |
Share-based compensation expense | 11,746 | 7,282 | 4,540 |
Change in fair value of acquisition-related contingent consideration | 0 | 0 | 3,222 |
Amortization of debt costs | 798 | 2,615 | 2,182 |
Other, net | 470 | 667 | -661 |
Changes in operating assets and liabilities, net of acquisitions: | ' | ' | ' |
Accounts receivable | 2,401 | -13,529 | 30,831 |
Other current and long-term assets | 1,337 | -1,708 | -1,294 |
Accounts payable | 3,786 | -4,240 | -13,640 |
Accrued compensation and related liabilities | 845 | 7,352 | -3,115 |
Other current and long-term liabilities | 5,868 | -6,004 | -2,790 |
Income taxes payable/refundable | -4,745 | -936 | -2,568 |
Cash provided by operating activities b continuing operations | 25,215 | 1,153 | 17,538 |
Cash provided by (used in) operating activities b discontinued operations | -1,273 | -2,830 | 13,984 |
Cash provided by (used in) operating activities | 23,942 | -1,677 | 31,522 |
CASH FLOWS FROM INVESTING ACTIVITIES | ' | ' | ' |
Acquisitions, net of cash acquired | 0 | 0 | -895 |
Purchases of property and equipment, net | -5,213 | -3,243 | -12,974 |
Cash used in investing activities b continuing operations | -5,213 | -3,243 | -13,869 |
Cash provided by (used in) investing activities b discontinued operations | -313 | 37,754 | -2,457 |
Cash provided by (used in) investing activities | -5,526 | 34,511 | -16,326 |
CASH FLOWS FROM FINANCING ACTIVITIES | ' | ' | ' |
Borrowings on long-term debt | 302,135 | 337,475 | 377,676 |
Payments on long-term debt | -328,354 | -377,617 | -399,483 |
Employee stock purchases and options exercised | 2,449 | 1,263 | 7,490 |
Purchase of shares for employee tax withholdings | -1,840 | 0 | 0 |
Credit facility fees paid | 0 | -3,389 | -2,000 |
Payment of initial fair value of acquisition-related contingent consideration | -3,428 | 0 | 0 |
Purchase of noncontrolling interests | -800 | 0 | 0 |
Other, net | -95 | -688 | -1,019 |
Cash used in financing activities b continuing operations | -29,933 | -42,956 | -17,336 |
Effect of foreign exchange rate changes on cash and cash equivalents | -2,849 | 3,404 | -1,622 |
Net decrease in cash and cash equivalents | -14,366 | -6,718 | -3,762 |
Cash and cash equivalents, beginning of period | 58,849 | 65,567 | 69,329 |
Cash and cash equivalents, end of period | $44,483 | $58,849 | $65,567 |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Accounting Policies [Abstract] | ' | |||
Summary of Significant Accounting Policies | ' | |||
Summary of Significant Accounting Policies | ||||
(a) Description of Business | ||||
Ciber is a leading global information technology (“IT”) company with a wide range of technology expertise. We serve a variety of clients, including Fortune 500 and middle-market companies, as well as governmental agencies and educational institutions. We solve complex IT and business issues across various industries such as manufacturing, healthcare and life sciences, communications, energy and utilities, and financial services. The three pillars of our business include Application Development and Maintenance (“ADM”), Independent Software Vendor relationships (“ISVs”) and Ciber Managed Services (“CMS”). We combine local, on-site account management with a global delivery model to serve clients in an intimate manner while still utilizing the power and cost efficiencies of global resources. To a lesser extent, we also resell certain IT hardware and software products. | ||||
(b) Principles of Consolidation | ||||
The Consolidated Financial Statements include the accounts of Ciber, Inc. and all of its majority-owned subsidiaries (together "Ciber," "the Company," "we," "our," or "us"). All material inter-company balances and transactions have been eliminated. | ||||
The shares of our foreign subsidiaries that are owned by persons other than Ciber are referred to as noncontrolling interests in these Consolidated Financial Statements. The noncontrolling shareholders' proportionate share of the equity of these subsidiaries is reflected as "noncontrolling interests" in the Consolidated Balance Sheets. The noncontrolling shareholders' proportionate share of the net income or loss of these subsidiaries is reflected as "net income (loss) attributable to noncontrolling interests" in the Consolidated Statements of Operations. | ||||
In June 2013, we entered into an agreement to purchase all of the noncontrolling interests of one of our foreign subsidiaries for future cash payments of approximately $7.3 million, of which $0.8 million was paid in the the fourth quarter of 2013 and the remainder will be paid in the fourth quarter of 2014 and second quarter of 2015. Effective with the date of entering into this agreement, we derecognized the previously recorded noncontrolling interests relating to this subsidiary and recorded a liability for the present value of future cash payments on our consolidated balance sheet. We recorded the excess of the present value of future cash payments over the book value of noncontrolling interests as a reduction to Ciber, Inc. shareholders' equity. | ||||
(c) Use of Estimates | ||||
The preparation of our Consolidated Financial Statements in conformity with U.S. generally accepted accounting principles ("GAAP") requires management to make estimates and assumptions that affect amounts reported in the Consolidated Financial Statements and accompanying disclosures. We base our estimates on historical experience and on various other assumptions that we believe are reasonable under the circumstances. Actual results could differ from those estimates. | ||||
(d) Revenue Recognition | ||||
Ciber earns revenue primarily from providing IT services to its clients, and to a much lesser extent, from the sale and resale of IT hardware and software products. Ciber's consulting services revenue comes from three primary sources: (1) technology integration services where we design, build and implement new or enhanced system applications and related processes; (2) general IT consulting services, such as system selection or assessment, feasibility studies, training and staffing; and (3) managed IT services in which we manage, staff, maintain, host or otherwise run solutions and/or systems for our customers. Contracts for these services have different terms based on the scope, deliverables and complexity of the engagement, which requires management to make judgments and estimates in recognizing revenue. Fees for these contracts may be in the form of time-and-materials, unit-priced or fixed-price billings. The majority of our consulting services revenue is recognized under time-and-materials contracts as hours and costs are incurred. Consulting services revenue also includes project-related reimbursable expenses for travel and other out-of-pocket expenses separately billed to clients. | ||||
Revenue for technology integration consulting services where we design/redesign, build and implement new or enhanced systems applications and related processes for our clients is generally recognized based on the percentage-of-completion method. Under the percentage-of-completion method, management estimates the percentage of completion based upon the contract costs incurred to date as a percentage of the total estimated contract costs. If the total cost estimate exceeds revenue, we accrue for the estimated loss immediately. The use of the percentage-of-completion method requires significant judgment relative to estimating total contract revenue and costs, including assumptions as to the length of time to complete the project, the nature and complexity of the work to be performed and anticipated changes in estimated costs. Estimates of total contract costs are continuously monitored during the term of the contract and recorded revenues and costs are subject to revision as the contract progresses. Such revisions may result in increases or decreases to revenue and income and are reflected in the Consolidated Financial Statements in the periods in which they are first identified. | ||||
Revenue for general IT consulting services is recognized as work is performed and amounts are earned. For contracts with fees based on time-and-materials, we recognize revenue over the period of performance. For fixed-price contracts, depending on the specific contractual provisions and nature of the deliverables, revenue may be recognized on a proportional performance model based on level-of-effort, as milestones are achieved or when final deliverables have been provided. | ||||
Outsourcing and managed IT services arrangements typically span several years. Revenue from time-and-materials contracts is recognized as the services are performed. Revenue from unit-priced contracts is recognized as transactions are processed based on objective measures of output. Revenue from fixed-price contracts is recognized on a straight-line basis, unless revenues are earned and obligations are fulfilled in a different pattern. Costs related to delivering managed services are expensed as incurred, with the exception of labor and other direct costs related to the set-up of processes, personnel and systems, which are deferred during the transition period when appropriate criteria have been met and expensed ratably over the period services are provided. Amounts billable to the client for transition or set-up activities, which do not have standalone value, are also deferred and recognized as revenue ratably over the period that the managed services are provided. | ||||
We sometimes enter into arrangements (excluding software license arrangements) with customers that purchase multiple services, or a combination of services and IT hardware products, from us at the same time, referred to as multiple-element arrangements. Each element within a multiple-element arrangement is accounted for as a separate unit of accounting provided that the delivered services or products have value to the customer on a standalone basis. We consider a deliverable element to have standalone value if the service or product is sold separately by us or another vendor or could be resold by the customer. For our multiple-element arrangements, the arrangement consideration is allocated at the inception of the arrangement to all deliverable elements on the basis of their relative selling price (the relative selling price method). When applying the relative selling price method, the selling price for each deliverable is determined using vendor-specific objective evidence ("VSOE") of selling price if it exists; otherwise, third-party evidence ("TPE") of selling price is used. If neither VSOE nor TPE of selling price exists for a deliverable, then we use our best estimate of the selling price ("ESP") for that deliverable when applying the relative selling price method. Since our services are typically customized to each client's specific needs, VSOE and TPE are generally not available. We determine ESP for purposes of allocating the arrangement by considering several external and internal factors including, but not limited to, pricing practices, margin objectives, competition, geographies in which we offer our products and services, and internal costs. We limit the amount of revenue recognized for delivered elements to an amount that is not contingent upon future delivery of additional services or products. | ||||
Other revenue primarily includes sales of third-party software products and related support services and commissions on sales of IT products and, to a lesser extent, sales of proprietary software products. Where we are the re-marketer of certain IT products, commission revenue is recognized when the products are drop-shipped from the vendor to the customer. Our commission revenue represents the sales price to the customer less the cost paid to the vendor. Some software license arrangements also include implementation services and/or post-contract customer support. In such multi-element software arrangements, if the criteria are met, revenue is recognized when VSOE of the fair value of each undelivered element has been established. Generally our license arrangements containing multiple elements do not qualify for separate accounting for the implementation services, and the software license revenue and the related costs of third-party software products are generally recognized together with the software implementation services using the percentage-of-completion method. Revenue for software post-contract support is recognized ratably over the term of the related agreement. | ||||
Unbilled accounts receivable represent amounts recognized as revenue based on services performed in advance of billings in accordance with contract terms. Under our typical time-and-materials billing arrangement, we bill our customers on a regularly scheduled basis, such as biweekly or monthly. At the end of each accounting period, we accrue revenue for services performed since the last billing cycle. These unbilled amounts are generally billed the following month. Unbilled accounts receivable also arise when percentage-of-completion accounting is used and costs plus estimated contract earnings exceed billings. Such amounts are billed at specific milestone dates or at contract completion. Management expects all unbilled accounts receivable to be collected within one year of the balance sheet date. Billings in excess of revenue recognized are recorded as deferred revenue and are primarily comprised of deferred software support revenue. | ||||
(e) Cash and Cash Equivalents | ||||
Cash and cash equivalents includes bank demand and time deposits, money market funds and all other highly liquid investments with maturities of three months or less when purchased. Substantially all of our cash balance at December 31, 2013 and 2012 was held by our foreign subsidiaries. | ||||
(f) Accounts Receivable and Allowance for Doubtful Accounts | ||||
We record accounts receivable at their face amount less an allowance for doubtful accounts. On a regular basis, we evaluate our client receivables, especially receivables that are past due, and we establish an allowance for doubtful accounts based upon specific identification of probable losses. Accounts receivable losses are deducted from the allowance and the related accounts receivable balances are written off when the receivables are deemed uncollectible. Recoveries of accounts receivable previously written off are recognized when received. | ||||
(g) Property and Equipment | ||||
Property and equipment, which primarily consists of computer equipment and software, furniture and leasehold improvements, is stated at cost. Depreciation is computed using straight-line and accelerated methods over the estimated useful lives, ranging primarily from three to seven years, or the related lease term, if shorter. Direct costs of time and materials incurred for the development of software for internal use are capitalized as property and equipment. | ||||
(h) Long-Lived Assets (excluding Goodwill) | ||||
Long-lived assets are reviewed for impairment whenever events or circumstances indicate that the carrying amount of an asset may not be fully recoverable. An impairment loss is recognized if the carrying amount of a long-lived asset is not recoverable from its undiscounted cash flows and is measured as the difference between the carrying amount and fair value of the asset. | ||||
(i) Income Taxes | ||||
Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and for operating loss carryforwards. Deferred tax amounts are based on enacted tax rates expected to be in effect during the year in which the differences reverse. The effect on deferred tax assets and liabilities due to a change in tax rates is recognized in income tax expense in the period that includes the enactment date. Deferred tax assets and liabilities are classified as current and non-current amounts based on the financial statement classification of the related asset and liability. A valuation allowance is provided when it is more likely than not that a deferred tax asset will not be realized. We use a two-step approach to recognize and measure uncertain tax positions taken or expected to be taken in an income tax return. We first determine if the weight of available evidence indicates that it is more likely than not that the tax position will be sustained on audit, including resolution of any related appeals or litigation processes. The second step involves measuring the tax benefit as the largest amount that is more than 50% likely to be realized upon ultimate settlement. | ||||
The provision for income taxes represents the estimated amounts for federal, state and foreign taxes. The determination of the provision for income tax expense, deferred tax assets and liabilities and related valuation allowance requires us to assess uncertainties, make judgments regarding possible outcomes and utilize estimates. As a global company, we are required to calculate and provide for income taxes in each of the tax jurisdictions where we operate. Our global operations are subject to complex tax regulations in numerous taxing jurisdictions, resulting at times in tax audits, disputes and potential litigation, the outcome of which is uncertain. We must make judgments currently about such uncertainties and determine estimates of our tax assets and liabilities. To the extent the final outcome differs, future adjustments to our tax assets and liabilities will be necessary. As a result, our effective tax rate may vary significantly from period to period. In addition, changes in the geographic mix and/or estimated levels of pre-tax income affect the overall effective tax rate. Interim-period tax expense is recorded based upon our best estimate of the effective tax rate expected to be applicable for the full fiscal year. | ||||
(j) Foreign Currency | ||||
The assets and liabilities of our foreign operations are translated into U.S. dollars at current exchange rates and revenues and expenses are translated at average exchange rates for the period. The resulting translation adjustments are included in "accumulated other comprehensive income (loss)" on the Consolidated Balance Sheets. Gains and losses arising from inter-company international transactions that are of a long-term investment nature are reported in the same manner as translation adjustments. Foreign currency translation adjustments are reclassified into our Consolidated Statement of Operations when our interest in subsidiaries with a functional currency is substantially liquidated. | ||||
All foreign currency transaction gains and losses, including foreign currency gains and losses on short-term inter-company loans and advances, are included in "other expense, net" in the Consolidated Statements of Operations as incurred. | ||||
(k) Share-Based Compensation | ||||
We record share-based compensation expense for awards of equity instruments to employees based on the estimated grant-date fair value of these awards, over the period the employees are required to provide services to earn the awards. Share-based compensation cost is recognized in "selling, general and administrative expense" in the Consolidated Statements of Operations. | ||||
To the extent available, we issue treasury shares when option awards are exercised or RSU awards vest. When treasury stock is not available we issue new shares of Ciber common stock for share based awards. | ||||
(l) Financial Instruments and Fair Values | ||||
The Company is required to disclose the fair value of all assets and liabilities subject to fair value measurement and the nature of the valuation techniques, including their classification within the fair value hierarchy, utilized by the Company in performing these measurements. | ||||
The FASB provides a fair value framework which requires the categorization of assets and liabilities into three levels based upon the assumptions (or inputs) used to price the assets or liabilities, which are as follows: | ||||
Level 1: | Unadjusted quoted prices in active markets for identical assets or liabilities. | |||
Level 2: | Unadjusted quoted prices in active markets for similar assets or liabilities, or unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs other than quoted prices that are observable for the asset or liability. | |||
Level 3: | Unobservable inputs for the asset or liability that reflect the reporting entity's own assumptions. | |||
The carrying values of our cash and cash equivalents, accounts receivable and accounts payable approximate their fair values due to their short-term nature. The fair value of our reporting units utilized in our annual goodwill impairment assessment, which utilizes level 3 assumptions, is discussed in Note 7. The fair value of the borrowings under our ABL Facility utilizing level 2 assumptions is discussed in Note 9. Restructuring liabilities for office closures, discussed in note 14, are recorded at estimated fair value utilizing level 3 assumptions, including an estimate of sublease income which is subject to adjustment in future periods if assumptions change. | ||||
Ciber is exposed to certain risks related to its ongoing business operations. From time to time, Ciber may choose to use derivative instruments to manage certain risks related to foreign currency exchange rates and interest rates. We recognize all derivative instruments as either assets or liabilities on our Consolidated Balance Sheets at fair value utilizing level 2 assumptions. The accounting for changes in the fair value (i.e., gains or losses) of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging relationship and further, on the type of hedging relationship. All hedging instruments must be designated, based on the exposure being hedged, as a fair value hedge, a cash flow hedge or a hedge of a net investment in a foreign operation. | ||||
For derivative instruments that are designated and qualify as a cash flow hedge, the gain or loss on the effective hedge portion of the derivative instrument is reported as a component of "accumulated other comprehensive income (loss)" on the Consolidated Balance Sheets and is reclassified into earnings in the same period during which the hedged transaction affects earnings. The change in the amounts are reported in the Consolidated Statement of Comprehensive Income (Loss). The gain or loss is classified in the same statement of operations line item as the associated item being hedged. | ||||
From time to time, Ciber will also enter into foreign currency forward contracts related to customer agreements or intercompany transactions denominated in a foreign currency or related to certain forecasted foreign operating results. We generally have not elected hedge accounting for these derivatives. At December 31, 2013 and 2012, we did not have any material outstanding derivative instruments. | ||||
(m) Business and Credit Concentrations | ||||
Financial instruments that are potentially subject to concentrations of credit risk are cash and cash equivalents and accounts receivable. Our cash and cash equivalents are primarily invested in high-credit quality short-term, interest-bearing accounts with financial institutions. Accounts receivable are reviewed on a periodic basis and an allowance for bad debts is recorded where such amounts are determined to be uncollectible. We do not require collateral from our customers. Our revenue and accounts receivable are principally concentrated with large companies across several industries and governmental entities located throughout the United States and Europe. | ||||
(n) Comprehensive Income (Loss) | ||||
Comprehensive income (loss) includes changes in the balances of items that are reported directly as separate components of shareholders' equity. Comprehensive income (loss) includes net income plus changes in cumulative foreign currency translation adjustment and gains or losses on cash flow hedges, net of taxes. | ||||
The balance of "accumulated other comprehensive income (loss)" reflected on the Consolidated Balance Sheets was comprised of the following: | ||||
Foreign | ||||
Currency | ||||
Translation | ||||
(in thousands) | ||||
Balance at January 1, 2012 | $ | (7,006 | ) | |
Change in foreign currency translation | 7,214 | |||
Balance at December 31, 2012 | 208 | |||
Amount reclassified from accumulated other comprehensive income | 1,008 | |||
Change in foreign currency translation | 1,880 | |||
Balance at December 31, 2013 | $ | 3,096 | ||
(o) Contingencies | ||||
We are subject to various claims and litigation that arise in the ordinary course of business. The litigation process is inherently uncertain. Therefore, the outcome of such matters is not predictable. | ||||
As previously reported, we are engaged in legal proceedings in Germany in connection with our acquisition of a controlling interest in Novasoft AG (now known as Ciber AG) in 2004. In August 2006, we completed a buy-out of the remaining minority shareholders of Novasoft. Certain of those former minority shareholders challenged the adequacy of the buy-out consideration by initiating a review by the district court in Mannheim, Germany. The court made a determination in 2013 which is now under appeal by the plaintiffs. Based on information known to us, we have established a reserve that we believe is reasonable. We are unable to predict the outcome of this matter. | ||||
As previously reported, a lawsuit titled CamSoft Data Systems, Inc. v. Southern Electronics, et al., was filed initially in October 2009 in Louisiana state court against numerous defendants, including Ciber. The lawsuit was subsequently removed to federal court in the Middle District of Louisiana and the complaint was amended to include additional defendants and causes of action including antitrust claims, civil RICO claims, unfair trade practices, trade secret, fraud, unjust enrichment, and conspiracy claims. The suit involves many of the same parties involved in related litigation in the state court in New Orleans, which was concluded in 2009 when Ciber settled the New Orleans suit with the plaintiffs, Active Solutions and Southern Electronics, who were CamSoft's former alleged joint venturers and are now co-defendants in the current lawsuit. Ciber is vigorously defending the allegations. The matter is ongoing in the appellate courts where Camsoft has filed a notice of appeal with the Federal Court of Appeals while Ciber and the other defendants have filed notices of appeal with the Fifth Circuit Court of Appeals and with the Federal Court of Appeals. Based on information known to us, we have established a reserve that we believe is reasonable. We are unable to predict the outcome of this litigation. | ||||
As previously reported, in October 2011, a putative securities class action lawsuit, Weston v. Ciber, Inc. et al., was filed in the United States District Court for the District of Colorado against Ciber and several of its current and former officers. In November 2013, we entered into a settlement among the lead plaintiff and the defendants that involved funds paid by our insurers being placed into a fund for the benefit of the class. The Court issued preliminary approval of the settlement, subject to final approval after the completion of certain events, including notice to the putative class. We have not made any admission of liability or wrongdoing by entering into this settlement. Notices to potential class members has begun. | ||||
As previously reported, in February 2012, a purported verified shareholder derivative lawsuit, Seni v. Peterschmidt. et al., was filed in the United States District Court for the District of Colorado against several of our current and former officers and our then-current board of directors. This complaint generally alleged that the various defendants breached their fiduciary duties of good faith, fair dealing, loyalty, due care, reasonable inquiry, oversight, and supervision by approving the issuance of allegedly false statements that misrepresented material information about the finances and operations of the Company. On March 22, 2013, the Court dismissed this complaint with leave to amend. On April 26, 2013, plaintiff filed an amended complaint that largely made the same claims as the original complaint. In February 2014, the Court issued an order dismissing the amended complaint. The Court permitted the plaintiff until February 26, 2014 to amend the complaint. | ||||
In February 2014, a purported verified shareholder derivative lawsuit, Denny v. Peterschmidt, et al., was filed in the District Court in Arapahoe County Colorado state court against several of our current and former officers and our then-current board of directors. This Complaint generally alleges that between December 15, 2010, and August 3, 2011, the defendants committed breaches of fiduciary duty that caused losses to Ciber's reputation and goodwill. The defendants are alleged to have breached their fiduciary duties by disseminating inaccurate and incomplete information about Ciber's financial results and business prospects, failing to maintain internal controls, and failing to properly oversee and manage the Company. Other claims include unjust enrichment and insider trading. Plaintiff Denny made a litigation demand on the Board in March 2012 to investigate the allegations and bring suit against the directors and executive officers of the Company. In response, the Board formed an Independent Committee to investigate the claims. In December 2012, after completing its investigation and finding that the claims were without merit, the Independent Committee formally refused the Plaintiff's demand. We believe the derivative lawsuit is without merit and we intend to vigorously defend against the claims. We are unable to predict the outcome of this litigation. | ||||
(p) Recently Issued Accounting Pronouncements | ||||
In March 2013, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2013-05, Foreign Currency Matters (Topic 830)-Parent's Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity, ("ASU 2013-05"). This amendment clarifies the applicable guidance for the release of cumulative translation adjustment into net earnings. When an entity ceases to have a controlling financial interest in a subsidiary or group of assets within a foreign entity, the entity is required to apply the guidance in FASB Accounting Standards Codification Topic 830-30 to release any related cumulative translation adjustment into net earnings. ASU 2013-05 is effective prospectively for fiscal years, and interim reporting periods within those years, beginning after December 15, 2013. The adoption of this standard is not expected to have a material impact on the Company's consolidated financial statements. | ||||
In July 2013, the FASB issued Accounting Standards Update No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists, (“ASU 2013-11”). The objective of this update is to eliminate the diversity in practice in the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss or a tax credit carryforward exists. The amendments in this update require an entity to present an unrecognized tax benefit in the financial statements as a reduction to a deferred tax asset for those instances described above, except in certain situations discussed in the update. ASU 2013-11 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The adoption of this standard is not expected to have a material impact on the Company's consolidated financial statements. |
Discontinued_Operations
Discontinued Operations | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Discontinued Operations and Disposal Groups [Abstract] | ' | |||||||||||
Discontinued Operations | ' | |||||||||||
Discontinued Operations | ||||||||||||
2013 — During the second quarter of 2013, we closed down our Russian operations and met the criteria for this business to be reported as a discontinued operation. Accordingly, the operations and cash flows were removed from our consolidated operating results. In connection wit h the substantial liquidation of our Russian investment in the fourth quarter of 2013, we released the related cumulative translation adjustment of approximately $1 million from accumulated other comprehensive income into loss from discontinued operations. | ||||||||||||
2012 — On March 9, 2012, we sold substantially all of the assets and certain liabilities of our Federal division. On October 15, 2012, we sold certain contracts and related property and equipment and certain other assets associated with our information technology outsourcing ("ITO") practice. Effective with meeting the discontinued operations criteria, the operations and cash flows of these sold businesses were removed from our consolidated operating results. However, in connection with the sale of the Federal division and ITO practice, we have retained certain assets and liabilities. Some of these items, including certain possible contingent liabilities, may not be settled for several years. Accordingly, adjustments to such items will be recorded through our results of operations in future periods. | ||||||||||||
To report the results of discontinued operations, we are required to adjust the reported results of the business sold or shut down from those previously reported as part of operating income by reporting segment. These adjustments eliminate corporate overhead allocations and adjust for costs of the business that will not be recognized on a going-forward basis. These adjustments have been made for all periods presented. | ||||||||||||
The following table summarizes the operating results of the discontinued operations included in the Consolidated Statements of Operations. | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
(In thousands) | ||||||||||||
Total revenues | $ | 5,424 | $ | 90,777 | $ | 196,245 | ||||||
Operating expenses | 11,177 | 93,319 | 190,039 | |||||||||
Goodwill impairment | — | — | 27,400 | |||||||||
Operating loss from discontinued operations | (5,753 | ) | (2,542 | ) | (21,194 | ) | ||||||
Interest and other expense | 1,008 | 90 | 334 | |||||||||
Loss from discontinued operations before income taxes | (6,761 | ) | (2,632 | ) | (21,528 | ) | ||||||
Income tax expense (benefit) | 211 | 808 | (6,647 | ) | ||||||||
Loss from discontinued operations, net of taxes | (6,972 | ) | (3,440 | ) | (14,881 | ) | ||||||
Gain (loss) on sale | 48 | (7,256 | ) | — | ||||||||
Income tax benefit | — | (687 | ) | — | ||||||||
Gain (loss) on sale, net of income taxes | 48 | (6,569 | ) | — | ||||||||
Total loss from discontinued operations, net of income taxes | $ | (6,924 | ) | $ | (10,009 | ) | $ | (14,881 | ) |
Acquisition_Consideration
Acquisition Consideration | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Business Combinations [Abstract] | ' | ||||
Acquisition Consideration | ' | ||||
Acquisition Consideration | |||||
In 2011 we fixed the value of the future acquisition-related contingent consideration for our 2010 acquisition of Segmenta A/S at approximately $10 million, of which $2.1 million was paid in 2011. On May 31, 2013 we paid $7.1 million to settle this liability. The change in management's estimate of the amount to be paid was recorded in "other expense, net" on the Consolidated Statements of Operations. The liability was recorded in “other accrued expenses and liabilities” on the Consolidated Balance Sheets, and changes in the value of the liability from January 1, 2011 through December 31, 2013 were due to the following: | |||||
Contingent Consideration | |||||
(In thousands) | |||||
Balance at January 1, 2011 | $ | 5,062 | |||
Change in fair value of acquisition-related contingent consideration | 3,222 | ||||
Interest expense accretion | 676 | ||||
Payments | (2,080 | ) | |||
Foreign exchange rate changes | (404 | ) | |||
Balance at December 31, 2011 | 6,476 | ||||
Interest expense accretion | 396 | ||||
Foreign exchange rate changes | 114 | ||||
Balance at December 31, 2012 | 6,986 | ||||
Interest expense accretion | 176 | ||||
Foreign exchange rate changes | (97 | ) | |||
Payments | (7,065 | ) | |||
Balance at December 31, 2013 | $ | — | |||
During 2011, we also paid $0.9 million of additional consideration related to a 2008 acquisition. |
Loss_Per_Share
Loss Per Share | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Loss Per Share. | ' | |||||||||||
Loss Per Share | ' | |||||||||||
Loss Per Share | ||||||||||||
The details of our net loss attributable to Ciber, Inc. is as follows: | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
(In thousands) | ||||||||||||
NET LOSS FROM CONTINUING OPERATIONS | $ | (7,607 | ) | $ | (4,073 | ) | $ | (52,351 | ) | |||
Net income (loss) attributable to noncontrolling interests | (11 | ) | 545 | 29 | ||||||||
Net loss attributable to Ciber, Inc. from continuing operations | (7,596 | ) | (4,618 | ) | (52,380 | ) | ||||||
Loss from discontinued operations, net of income tax | (6,924 | ) | (10,009 | ) | (14,881 | ) | ||||||
Total net loss attributable to Ciber, Inc. | $ | (14,520 | ) | $ | (14,627 | ) | $ | (67,261 | ) | |||
Dilutive securities, including stock options and restricted stock units, are excluded from the diluted weighted average shares outstanding computation in periods in which they have an anti-dilutive effect, such as when we report a net loss attributable to Ciber, Inc. from continuing operations or when stock options have an exercise price that is greater than the average market price of Ciber common stock during the period. Because we had a net loss attributable to Ciber, Inc. from continuing operations for the years ended, December 31, 2013, 2012 and 2011, approximately 6.1 million, 9.0 million and 8.2 million anti-dilutive securities were excluded from the loss per share calculations. |
Accounts_Receivable
Accounts Receivable | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||
Accounts Receivable | ' | ||||||||||||||||
Accounts Receivable | |||||||||||||||||
Accounts receivable consists of the following: | |||||||||||||||||
December 31, | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
(In thousands) | |||||||||||||||||
Billed accounts receivable | $ | 153,011 | $ | 154,484 | |||||||||||||
Unbilled - scheduled billings | 29,993 | 31,258 | |||||||||||||||
Costs and estimated earnings in excess of billings | 8,713 | 16,267 | |||||||||||||||
191,717 | 202,009 | ||||||||||||||||
Less allowance for doubtful accounts | (2,335 | ) | (1,752 | ) | |||||||||||||
Accounts receivable, net | $ | 189,382 | $ | 200,257 | |||||||||||||
The activity in the allowance for doubtful accounts consists of the following: | |||||||||||||||||
Additions | Effect of | ||||||||||||||||
Balance at | Charge | foreign | Balance | ||||||||||||||
beginning | to cost and | Deductions | exchange | at end | |||||||||||||
of period | expense | Write-offs | rate changes | of period | |||||||||||||
(In thousands) | |||||||||||||||||
Year ended December 31, 2011 | $ | 7,367 | 337 | (6,280 | ) | (2 | ) | $ | 1,422 | ||||||||
Year ended December 31, 2012 | $ | 1,422 | 825 | (580 | ) | 85 | $ | 1,752 | |||||||||
Year ended December 31, 2013 | $ | 1,752 | 1,813 | (1,312 | ) | 82 | $ | 2,335 | |||||||||
Property_and_Equipment
Property and Equipment | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Property, Plant and Equipment [Abstract] | ' | |||||||
Property and Equipment | ' | |||||||
Property and Equipment | ||||||||
Property and equipment consists of the following: | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
(In thousands) | ||||||||
Computer equipment and software | $ | 44,403 | $ | 44,059 | ||||
Furniture and fixtures | 9,525 | 9,051 | ||||||
Leasehold improvements and other | 7,495 | 8,432 | ||||||
61,423 | 61,542 | |||||||
Less accumulated depreciation | (48,500 | ) | (47,859 | ) | ||||
Property and equipment, net | $ | 12,923 | $ | 13,683 | ||||
Goodwill
Goodwill | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||
Goodwill | ' | |||||||||||
Goodwill | ||||||||||||
The changes in the carrying amount of goodwill are as follows: | ||||||||||||
International | North America | Total | ||||||||||
(In thousands) | ||||||||||||
Balance at January 1, 2012 | $ | 139,723 | $ | 135,781 | $ | 275,504 | ||||||
Amount allocated to discontinued operations | (1,100 | ) | (2,100 | ) | (3,200 | ) | ||||||
Effect of foreign exchange rate changes | 4,295 | — | 4,295 | |||||||||
Balance at December 31, 2012 | 142,918 | 133,681 | 276,599 | |||||||||
Effect of foreign exchange rate changes | 4,359 | — | 4,359 | |||||||||
Other | 756 | — | 756 | |||||||||
Balance at December 31, 2013 | $ | 148,033 | $ | 133,681 | $ | 281,714 | ||||||
We perform our annual impairment analysis of goodwill as of June 30 each year or more often if there are indicators of impairment present. We test each of our reporting units for goodwill impairment. Our reporting units are the same as our operating divisions and reportable segments. The goodwill impairment test requires a two-step process. The first step consists of comparing the estimated fair value of each reporting unit with its carrying amount, including goodwill. If the estimated fair value of a reporting unit exceeds its carrying value, then it is not considered impaired and no further analysis is required. If step one indicates that the estimated fair value of a reporting unit is less than its carrying value, then impairment potentially exists and the second step is performed to measure the amount of goodwill impairment. Goodwill impairment exists when the estimated implied fair value of a reporting unit's goodwill is less than its carrying value. | ||||||||||||
We compared the carrying values of our International and North America reporting units to their estimated fair values at June 30, 2013. We estimated the fair value of each reporting unit based on a weighting of both the income approach and the market approach. The discounted cash flows for each reporting unit serve as the primary basis for the income approach, and were based on discrete financial forecasts developed by management. Cash flows beyond the discrete forecast period of five years were estimated using the perpetuity growth method calculation. The annual average revenue growth rates forecasted for our reporting units for the first five years of our projections were approximately 4%. We have projected a minor amount of operating profit margin improvement based on expected margin benefits from certain internal initiatives. The terminal value was calculated assuming projected growth rates of 3% after five years, which reflects our estimate of minimum long-term growth in IT spending. The income approach valuations also included each reporting unit’s estimated weighted average cost of capital, which were 13.0% and 14.5% for International and North America, respectively. The market approach applied pricing multiples derived from publicly-traded companies that are comparable to the respective reporting units to determine their values. For our International and North America reporting units, we used enterprise value/revenue multiples of 0.3 and 0.35, respectively, and enterprise value/EBITDA multiples of 5.5 and 5, respectively, in order to value each of our reporting units under the market approach. In addition, the fair value under the market approach included a control premium of 35%. The control premium was determined based on a review of comparative market transactions. Publicly-available information regarding our market capitalization was also considered in assessing the reasonableness of the cumulative fair values of our reporting units. | ||||||||||||
As a result of the first step of our goodwill impairment test as of June 30, 2013, we estimated that the fair values for our International and North America reporting units exceeded their carrying amounts by 16% and 19%, respectively, thus no impairment was indicated. As of June 30, 2013 we updated our cash flow forecasts and our other assumptions used to calculate the estimated fair value of our reporting units to account for our beliefs and expectations of the current business environment. While we believe our estimates are appropriate based on our view of current business trends, no assurance can be provided that impairment charges will not be required in the future. As of December 31, 2013, we reviewed and noted no events which had occurred or circumstances which changed that would more likely than not reduce the fair value of a reporting unit below its carrying amount. | ||||||||||||
During the quarter ended December 31, 2011, the government services market continued to decline due to further funding uncertainty and downside risk for the sector. Long-term federal IT spending forecasts decreased significantly in the overall market, and we noted a continued market capitalization decline in the publicly-traded companies in our comparable group. In addition to such factors, we were also required to perform an impairment evaluation of goodwill upon meeting the criteria to classify the Federal division as held for sale, as the negotiated sales price was below the carrying value of the related net assets. We performed step two of the goodwill impairment test as of December 31, 2011, and recorded a goodwill impairment charge of $27.4 million for our Federal division. On March 9, 2012, we sold our Federal division. | ||||||||||||
During our annual impairment test in 2011, and as a result of the decreased operating performance of our former IT Outsourcing division, including a lag in new sales and our inability to achieve operational efficiencies, we recorded a related impairment charge of $16.3 million. On October 15, 2012, we sold our IT Outsourcing division. |
Operating_Leases
Operating Leases | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Leases, Operating [Abstract] | ' | |||
Operating Leases | ' | |||
Operating Leases | ||||
We have non-cancelable operating leases primarily for our office space, automobiles and office equipment. Expense for operating leases totaled approximately $25.4 million, $29.7 million and $28.2 million in 2013, 2012 and 2011, respectively. | ||||
Future minimum operating lease payments as of December 31, 2013, are: | ||||
Rental Payments | ||||
(In thousands) | ||||
2014 | $ | 22,184 | ||
2015 | 15,729 | |||
2016 | 12,087 | |||
2017 | 8,113 | |||
2018 | 6,510 | |||
Thereafter | 3,575 | |||
$ | 68,198 | |||
Borrowings
Borrowings | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Debt Disclosure [Abstract] | ' | |||||||
Borrowings | ' | |||||||
Borrowings | ||||||||
We have an asset-based revolving line of credit of up to $60 million (the “ABL Facility”) with Wells Fargo Bank, N.A. The amount available for borrowing at any time under such line of credit is determined according to a borrowing base valuation of eligible account receivables, which was $56.7 million at December 31, 2013. The ABL Facility provides for borrowings in the United States, the Netherlands, the United Kingdom and Germany and matures on May 7, 2017. As of December 31, 2013, we had no borrowings outstanding under the ABL Facility. We expect our borrowings to fluctuate based on our working capital needs. Our obligations under the ABL Facility are guaranteed by us and and are secured by substantially all of our U.S., Netherlands, United Kingdom, and German assets. Under the same Well Fargo Credit Agreement, we had borrowed a $7.5 million term loan (the “Term Loan”) in May 2012. On March 29, 2013, we used funds available under the ABL Facility to pay down the Term Loan in full. Because the Term Loan was paid off, we are no longer required to comply with any specific financial covenants. | ||||||||
Under the ABL Facility, U.S. borrowings accrue interest at a rate of the London interbank offered rate (“LIBOR”) plus a margin ranging from 225 to 275 basis points, or, at our option, a base rate equal to the greatest of (a) the Federal Funds Rate plus 0.50%, (b) LIBOR plus 1%, and (c) the “prime rate” set by Wells Fargo plus a margin ranging from 125 to 175 basis points. All foreign borrowings accrue interest at a rate of LIBOR plus a margin ranging from 225 to 275 basis points, plus certain fees related to compliance with European banking regulations. The interest rates applicable to borrowings under the ABL Facility are subject to increase during an event of default. We are also required to pay an unused line fee ranging from 0.375% to 0.50% annually on the unused portion of the ABL Facility. During the year ended December 31, 2013, our weighted average interest rate on our outstanding borrowing under the ABL Facility was 3.33%. | ||||||||
The ABL Facility can be prepaid in whole or in part at any time. The ABL Facility must be repaid to the extent that any borrowings exceed the maximum availability allowed under the ABL Facility. The ABL Facility also includes a number of business covenants, including customary limitations on, among other things, indebtedness, liens, investments, guarantees, mergers, dispositions, acquisitions, liquidations, dissolutions, issuances of securities, payments of dividends, loans and advances, and transactions with affiliates. | ||||||||
Wells Fargo will take dominion over our U.S. cash and cash receipts and will automatically apply such amounts to the ABL Facility on a daily basis if (i) an event of default has occurred and is continuing, (ii) less than 30% of the ABL Facility or less than $18 million is available for borrowing under the ABL Facility for 5 consecutive days, or (iii) less than 25% of the ABL Facility or less than $15 million is available for borrowing under the ABL Facility at any time. Wells Fargo will continue to exercise dominion over our U.S. cash and cash receipts until (1) no event of default is continuing and (2) at least 30% of the ABL Facility and a minimum of $18 million have been available for borrowing under the ABL Facility for 30 consecutive days. In addition, at all times during the term of the ABL Facility, Wells Fargo will have dominion over the cash of the United Kingdom, Dutch and German borrowers when a balance is outstanding to those entities and will automatically apply such amounts to the ABL Facility on a daily basis. As a result, if we have any outstanding borrowings that are subject to the bank's dominion, such amounts will be classified as a current liability on our balance sheet. At December 31, 2013, we had no foreign borrowings that were subject to the bank's dominion. | ||||||||
The ABL Facility generally contains customary events of default for credit facilities of this type, including nonpayment, material inaccuracy of representations and warranties, violation of covenants, default of certain other agreements or indebtedness, bankruptcy, material judgments, invalidity of the ABL Facility or related agreements, and a change of control. | ||||||||
In connection with the ABL Facility, we capitalized debt issuance costs that we are amortizing to interest expense over the terms of the borrowing arrangements. At December 31, 2013, the balance of unamortized debt fees was $1.9 million. | ||||||||
The carrying value of the outstanding borrowings under the ABL Facility approximates its fair value as (1) it is based on a variable rate that changes based on market conditions and (2) the margin applied to the variable rate is based on Ciber's credit risk, which has not changed materially since entering into the facility in May 2012. If Ciber's credit risk were to change, we would estimate the fair value of our borrowings using discounted cash flow analysis based on current rates obtained from the lender for similar types of debt. The inputs used to establish the fair value of the ABL Facility are considered to be level 2 inputs, which include inputs other than quoted prices included in level 1 that are observable for the asset or liability, either directly or indirectly. | ||||||||
Long-Term Debt — Long-term debt consisted of the following: | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
(In thousands) | ||||||||
Revolving credit facilities | $ | — | $ | 19,775 | ||||
Term loans | — | 6,250 | ||||||
Total bank debt | — | 26,025 | ||||||
Capital lease obligations | 53 | 102 | ||||||
Total debt | 53 | 26,127 | ||||||
Less current portion | 53 | 6,337 | ||||||
Long-term debt | $ | — | $ | 19,790 | ||||
Other_Expense
Other Expense | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Other Income and Expenses [Abstract] | ' | |||||||||||
Other Expense | ' | |||||||||||
Other Expense | ||||||||||||
Other expense, net consisted of the following: | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
(In thousands) | ||||||||||||
Foreign exchange gains (losses), net | $ | (16 | ) | $ | (462 | ) | $ | 613 | ||||
Change in fair value of acquisition-related contingent consideration | — | — | (3,222 | ) | ||||||||
Other | — | 103 | 69 | |||||||||
Other expense, net | $ | (16 | ) | $ | (359 | ) | $ | (2,540 | ) |
Income_Taxes
Income Taxes | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||||
Income Taxes | ' | |||||||||||
Income Taxes | ||||||||||||
Income tax expense from continuing operations consists of the following: | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
(In thousands) | ||||||||||||
Current: | ||||||||||||
Federal | $ | (496 | ) | $ | 36 | $ | (1,054 | ) | ||||
State and local | 70 | 280 | 250 | |||||||||
Foreign | 4,148 | 5,816 | 6,224 | |||||||||
3,722 | 6,132 | 5,420 | ||||||||||
Deferred: | ||||||||||||
Federal | 3,396 | 4,528 | 22,713 | |||||||||
State and local | 611 | 647 | 3,247 | |||||||||
Foreign | (1,301 | ) | (283 | ) | 940 | |||||||
2,706 | 4,892 | 26,900 | ||||||||||
Income tax expense | $ | 6,428 | $ | 11,024 | $ | 32,320 | ||||||
U.S. and foreign income (loss) from continuing operations before income taxes are as follows: | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
(In thousands) | ||||||||||||
United States | $ | (3,487 | ) | $ | (5,058 | ) | $ | (49,104 | ) | |||
Foreign | 2,308 | 12,009 | 29,073 | |||||||||
Income (loss) before income taxes | $ | (1,179 | ) | $ | 6,951 | $ | (20,031 | ) | ||||
U.S. and foreign income tax expense are as follows: | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
(In thousands) | ||||||||||||
United States | $ | 3,581 | $ | 5,491 | $ | 25,156 | ||||||
Foreign | 2,847 | 5,533 | 7,164 | |||||||||
Income tax expense | $ | 6,428 | $ | 11,024 | $ | 32,320 | ||||||
Income tax expense differs from the amounts computed by applying the statutory U.S. Federal income tax rate to income (loss) before income taxes as a result of the following: | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
(In thousands) | ||||||||||||
Income tax expense (benefit) at the federal statutory rate of 35% | $ | (413 | ) | $ | 2,433 | $ | (7,011 | ) | ||||
Increase (decrease) resulting from: | ||||||||||||
State income taxes, net of federal income tax benefit | 443 | 927 | 3,497 | |||||||||
Non-deductible other costs | 1,329 | 1,678 | 1,489 | |||||||||
Goodwill impairment | — | — | 1,811 | |||||||||
Valuation allowance | 6,752 | 8,039 | 27,028 | |||||||||
Foreign cash repatriation | (2,783 | ) | — | 10,500 | ||||||||
Impact of foreign tax | (1,002 | ) | (2,347 | ) | (3,425 | ) | ||||||
Provision for uncertain tax position | 2,208 | 1,064 | (880 | ) | ||||||||
Other | (106 | ) | (770 | ) | (689 | ) | ||||||
Income tax expense | $ | 6,428 | $ | 11,024 | $ | 32,320 | ||||||
The components of the net deferred tax asset or liability are as follows: | ||||||||||||
December 31, | ||||||||||||
2013 | 2012 | |||||||||||
(In thousands) | ||||||||||||
Deferred tax assets: | ||||||||||||
Accrued expenses | $ | 9,904 | $ | 9,637 | ||||||||
Federal tax credit carryforwards | 15,837 | 6,884 | ||||||||||
U.S. net operating loss ("NOL") carryforwards | 13,206 | 15,967 | ||||||||||
Foreign NOL carryforwards | 7,500 | 10,198 | ||||||||||
Other | 6,445 | 4,154 | ||||||||||
Total gross deferred tax assets | 52,892 | 46,840 | ||||||||||
Less valuation allowance | (51,160 | ) | (44,296 | ) | ||||||||
Deferred tax assets, net | 1,732 | 2,544 | ||||||||||
Deferred tax liabilities: | ||||||||||||
Goodwill | (23,914 | ) | (19,906 | ) | ||||||||
Other | (883 | ) | (2,937 | ) | ||||||||
Total gross deferred tax liabilities | (24,797 | ) | (22,843 | ) | ||||||||
Net deferred tax liability | $ | (23,065 | ) | $ | (20,299 | ) | ||||||
Balance sheet classification of deferred taxes: | ||||||||||||
Deferred tax asset — current | $ | 818 | $ | 1,890 | ||||||||
Deferred tax asset — long-term | 913 | 122 | ||||||||||
Deferred tax liability — current | (886 | ) | (463 | ) | ||||||||
Deferred tax liability — long-term | (23,910 | ) | (21,848 | ) | ||||||||
Net deferred tax liability | $ | (23,065 | ) | $ | (20,299 | ) | ||||||
Significant management judgment is required in determining the provision for income taxes, deferred tax assets and liabilities, and any valuation allowance recorded against net deferred tax assets. We are required to estimate income taxes in each jurisdiction where we operate. This process involves estimating actual current tax exposure together with assessing temporary differences resulting from differing treatment of items. These differences result in deferred tax assets and liabilities, which are included in the Consolidated Balance Sheets. We assess the likelihood that our deferred tax assets will be recovered from future taxable income and, to the extent recovery is believed unlikely, we establish a valuation allowance. Changes in the valuation allowance for deferred tax assets impact our income tax expense during the period. | ||||||||||||
As a result of domestic losses, in 2011 we recorded a non-cash charge of approximately $29.1 million to provide a valuation allowance for all of our domestic deferred tax assets. In addition, we have not recorded any deferred tax benefit for any domestic tax operating losses since then. The establishment of a valuation allowance does not impair our ability to utilize the deferred tax assets, such as net operating loss and tax credit carryforwards, upon achieving sufficient profitability. As we generate domestic taxable income in future periods, we do not expect to record significant related domestic income tax expense until the valuation allowance is significantly reduced. As we are able to determine that it is more likely than not that we will be able to utilize the deferred tax assets, we will reduce our valuation allowance. At December 31, 2013, we have Federal net operating loss ("NOL") and Federal tax credit carryforwards of approximately $34 million and $19 million, respectively. U.S. NOL carryforwards of $2 million begin to expire in 2022 while the remaining NOL carryforwards do not begin to expire until 2031. Our Federal tax credit carryforwards are subject to certain annual usage limits, but do not begin to expire until 2025. At December 31, 2013, we also have approximately $30 million of foreign NOL carryforwards. We have recorded a valuation allowance for most all of our foreign NOL carryforwards, as we do not believe it is more likely than not that we will utilize them. Approximately 21% of the foreign NOL carryforwards may expire. | ||||||||||||
In January 2012, we repatriated $30 million of foreign cash to the U.S. in connection with payments due under our prior credit facility. Due to our available U.S. net operating losses carryforwards and the related full valuation allowance, the repatriation did not have a material tax impact on our reported tax expense. At December 31, 2013, we estimate the undistributed earnings and profits of our foreign subsidiaries that would be subject to U.S. taxes totaled approximately $69 million. Quantification of the U.S. deferred tax liability associated with indefinitely reinvested earnings and profits is not practicable. | ||||||||||||
We account for uncertain tax positions by recognizing the financial statement effects of a tax position only when based upon the technical merits, it is "more-likely-than-not" that the tax position will be sustained upon examination. The changes in the balance of our unrecognized tax benefits were as follows: | ||||||||||||
Unrecognized | ||||||||||||
Tax Benefits | ||||||||||||
(In thousands) | ||||||||||||
Balance at January 1, 2012 | $ | 6,528 | ||||||||||
Increases related to prior year tax positions | 108 | |||||||||||
Increases related to current year tax positions | 1,103 | |||||||||||
Decreases related to settlements with tax authorities | (2,118 | ) | ||||||||||
Lapse of statute of limitations | (147 | ) | ||||||||||
Balance at December 31, 2012 | 5,474 | |||||||||||
Increases related to prior year tax positions (net) | 51 | |||||||||||
Increases related to current year tax positions | 2,157 | |||||||||||
Balance at December 31, 2013 | $ | 7,682 | ||||||||||
Our unrecognized tax benefits totaled $7.7 million at December 31, 2013. If recognized, all of these benefits would affect our future income tax expense, prior to the impact of any related valuation allowance. We believe that it is not reasonably possible that any significant unrecognized tax benefits will be released in the next twelve months. Note that the amounts recorded for our unrecognized tax benefits represent management estimates, and actual results could differ which would impact our effective tax rate. Interest and penalties related to income tax liabilities are included in income tax expense in the consolidated statements of operations. We have not recorded a material amount of interest and penalties during 2013, 2012, and 2011. | ||||||||||||
We file a U.S. Federal income tax return and tax returns in nearly all U.S. states, as well as in numerous foreign jurisdictions. We are routinely subject to examination by various domestic and foreign tax authorities. The outcome of tax audits is always uncertain and could result in cash tax payments that could be material. Additionally, tax audits may take long periods of time to ultimately resolve. We do not believe the outcome of any tax audits at December 31, 2013, will have a material adverse effect on our consolidated financial position or results of operations. With limited exception, we are no longer subject to U.S. Federal and state income tax audits for years through 2009. Our most significant foreign operations and the most recent year for which they are no longer subject to tax examination are as follows: Germany-2008; India-2008; Netherlands-2009; Norway-2002; and the UK-2011. |
401k_Savings_Plan
401(k) Savings Plan | 12 Months Ended |
Dec. 31, 2013 | |
Compensation and Retirement Disclosure [Abstract] | ' |
401(k) Savings Plan | ' |
401(k) Savings Plan | |
Almost all of our U.S. employees are eligible to participate in our 401(k) savings plan. We match a portion of the employees' contribution and the vesting of this matching contribution occurs over six years. Forfeitures reduce our matching contributions. We record forfeitures when a participant's employment ends. We recorded expense of $1.3 million, $1.0 million and $1.0 million in 2013, 2012 and 2011, respectively, related to this plan. |
Shareholders_Equity
Shareholders' Equity | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Stockholders' Equity Note [Abstract] | ' | ||||||||||||
Shareholders' Equity | ' | ||||||||||||
Shareholders' Equity | |||||||||||||
Share-Based Compensation — On April 27, 2004, our shareholders approved the adoption of the Ciber, Inc. 2004 Incentive Plan (the "2004 Plan"). To date, 20,350,000 shares of Ciber, Inc. common stock have been authorized for issuance under the 2004 Plan. The plan administrators may grant restricted stock, stock options, performance units or any combination thereof, to officers, employees and consultants. The Compensation Committee of the Board of Directors determines the number, nature and vesting of such awards. As of December 31, 2013, there were 8,180,639 shares available for future grants under the 2004 Plan. | |||||||||||||
On November 9, 2010, the Board of Directors adopted a new non-employee director compensation program effective January 1, 2011. Under the new program, upon election or appointment to the Board of Directors, non-employee directors are granted restricted stock units ("RSUs") valued at $100,000 of Company common stock (the "initial grant") and non-employee directors are granted RSUs valued at $100,000 of Company common stock annually (the "annual grant"). The initial grant and annual grant vest in equal quarterly installments over a period of three years and one year, respectively. Compensation expense for equity grants to non-employee directors was approximately $558,000, $517,000, and $349,000 for the years ended December 31, 2013, 2012, and 2011, respectively, and is included in our total recorded share-based compensation costs. | |||||||||||||
From time to time, Ciber has made inducement grants to executive level employees. They are generally granted with an exercise price equal to the market value of our common stock on the date of issuance with similar vesting terms as awards granted under the 2014 Plan. These grants are outside of the 2004 Plan and are not subject to shareholder approval. | |||||||||||||
The table below summarizes the amounts recorded in the Consolidated Statements of Operations for share-based compensation: | |||||||||||||
Year Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(In thousands) | |||||||||||||
Share-based compensation costs — continuing operations | $ | 11,746 | $ | 7,282 | $ | 4,540 | |||||||
Share-based compensation costs — discontinued operations | — | 269 | 371 | ||||||||||
Total share-based compensation costs included in consolidated net loss | $ | 11,746 | $ | 7,551 | $ | 4,911 | |||||||
Options | |||||||||||||
Options granted under the 2004 Plan generally have an exercise price that is equal to the market value of our common stock on the date of issuance. Options granted during the last three fiscal years under the 2004 Plan are subject to cliff or graded vesting. Graded vesting generally ranges from two to three years, as determined at the date of grant by the Board of Directors, with the exception of some options granted to employees of our International segment, which may be fully vested on the grant date. Additionally, options granted under the 2004 Plan have contractual terms ranging from four to 10 years, but all 2004 Plan options must expire no later than 10 years from the grant date. Options granted during the last three fiscal years under the 2004 Plan had contractual terms of five years to seven years. We did not grant any options during 2013. | |||||||||||||
The fair value of each option award is estimated on the date of grant using the Black-Scholes option pricing method. Compensation costs related to options with graded vesting are recognized on a straight-line basis over the vesting period. The expected life for options with a contractual life of 10 years is derived from historical data pertaining to option exercises and employee terminations. The expected life for options with a contractual life of less than 10 years is derived using the SEC's "simplified method," as we do not have sufficient historical data pertaining to options with contractual lives of less than 10 years upon which to base an expected term assumption. Expected volatilities are based on historical volatility of our common stock. The risk-free interest rate is derived from the U.S. Treasury yields in effect at the time of grant and the dividend yield is based on historical experience and expected future changes. | |||||||||||||
A summary of the weighted average assumptions used to value options granted and the grant date fair value follows: | |||||||||||||
Year Ended December 31, | |||||||||||||
2012 | 2011 | ||||||||||||
Expected life (in years) | 4.4 | 4.2 | |||||||||||
Risk-free interest rate | 0.63 | % | 1.34 | % | |||||||||
Expected volatility | 70 | % | 67 | % | |||||||||
Dividend yield | 0 | % | 0 | % | |||||||||
Fair value | $ | 2.13 | $ | 2.55 | |||||||||
A summary of stock option activity for 2013 is presented below: | |||||||||||||
Number | Weighted | Weighted | Aggregate | ||||||||||
of | Average | Average | Intrinsic | ||||||||||
Options | Exercise | Remaining | Value | ||||||||||
Price | Contractual | ||||||||||||
Term | |||||||||||||
(In Years) | |||||||||||||
(In thousands, except per share amounts or as otherwise disclosed) | |||||||||||||
Outstanding at January 1, 2013 | 8,115 | $ | 4.58 | ||||||||||
Granted | — | $ | — | ||||||||||
Exercised | (635 | ) | $ | 3.43 | |||||||||
Expired or canceled | (1,801 | ) | $ | 6 | |||||||||
Forfeited | (302 | ) | $ | 4.42 | |||||||||
Outstanding at December 31, 2013 | 5,377 | $ | 4.33 | 3.22 | $ | 3,500 | |||||||
Vested and expected to vest at December 31, 2013 | 5,336 | $ | 4.34 | 3.19 | $ | 3,469 | |||||||
Exercisable at December 31, 2013 | 4,375 | $ | 4.55 | 2.86 | $ | 2,682 | |||||||
The total intrinsic value of options exercised (which is the amount by which the stock price exceeded the exercise price of the options on the date of exercise) was $0.5 million, $0.3 million, and $2.1 million during the years ended December 31, 2013, 2012, and 2011, respectively. | |||||||||||||
RSUs | |||||||||||||
RSUs granted during the last three fiscal years under the 2004 Plan are generally subject to vesting over a period of one to three years, varying from graded vesting or performance-based conditions in combination with graded vesting, as well as other possible vesting schedules as determined at the date of grant by the Board of Directors. The fair value of the RSUs, equivalent to the Company's stock price at the date of grant, is expensed over the vesting term. | |||||||||||||
A summary of RSU activity for 2013 is presented below: | |||||||||||||
Number | Weighted | ||||||||||||
of | Average | ||||||||||||
RSUs | Grant Date | ||||||||||||
Fair Value | |||||||||||||
(In thousands, except per share amounts) | |||||||||||||
Nonvested shares outstanding at January 1, 2013 | 1,685 | $ | 4.43 | ||||||||||
Granted | 3,244 | $ | 4.12 | ||||||||||
Vested | (1,770 | ) | $ | 4.29 | |||||||||
Forfeited | (410 | ) | $ | 4.06 | |||||||||
Nonvested shares outstanding at December 31, 2013 | 2,749 | $ | 4.09 | ||||||||||
The total fair value of RSUs that vested during the years ended December 31, 2013, 2012, and 2011, was $6.8 million, $2.9 million, and $2.8 million, respectively. | |||||||||||||
As of December 31, 2013, there was approximately $9.3 million of total unrecognized compensation cost related to the nonvested stock options and RSUs disclosed in the tables above. That cost is expected to be recognized over a weighted average period of 2.0 years. | |||||||||||||
At December 31, 2013, there were 16,305,984 shares of Ciber common stock reserved for share-based awards outstanding or available for future grants under our share-based plans. | |||||||||||||
Employee Stock Purchase Plan — Under our Employee Stock Purchase Plan ("ESPP"), which is a non-qualified plan, substantially all employees may elect to contribute up to 10% of their compensation during one calendar year, or a maximum of $10,000. Our ESPP allows eligible employees to purchase shares of our common stock at a price equal to 95% of fair market value on the last day of the applicable three-month offering period. The Company records no compensation cost for our ESPP. We issued approximately 206,000, 281,000, and 442,000 shares in 2013, 2012, and 2011, respectively, under our ESPP. | |||||||||||||
Shelf Registration Statements on Form S-4 — At December 31, 2013, we had two effective registration statements on Form S-4, under which together approximately 13,469,000 shares of our common stock remained available. The shares available under either one of these registration statements may be used by Ciber from time to time in connection with future business combinations. | |||||||||||||
Stock Purchase Rights — Pursuant to our Rights Agreement, dated August 31, 1998, Ciber, Inc. paid a dividend of one preferred stock purchase right (a "Right") for each outstanding share of Ciber, Inc. common stock ("Common Stock") on September 21, 1998. A Right is also attached to all shares of Common Stock issued after the dividend date. On May 2, 2008, we amended and restated our original Rights Agreement. Under the Amended Rights Agreement, each shareholder of the Company holds one Right for each share of Common Stock held. The Rights generally become exercisable only in the event that an acquiring party accumulates 15% or more of our outstanding Common Stock. Each Right entitles the registered holder to purchase one thousandth of a share of Series A Junior Participating Preferred Stock of Ciber, Inc., par value $0.01, at a purchase price of $37.00, subject to the conditions set forth in the Amended Rights Agreement. If this were to occur, subject to certain exceptions, each Right (except for the Rights held by the acquiring party) would allow its holder to purchase Common Stock with a value equal to twice the exercise price of the Right. In the event that, after an acquiring party has accumulated 15% or more of our outstanding Common Stock, the Company is acquired in a merger or other business combination transaction or 50% or more of its consolidated assets, cash flow or earning power are sold, each unexercised Right (except for the Rights held by the acquiring party) would thereafter allow its holder to purchase stock of the acquiring company (or our Common Stock if it is the surviving company to the transaction) with a value equal to twice the purchase price of the Right. If the Rights were fully exercised, the shares issued would cause substantial dilution to the acquiring party or the shareholders of the acquiring company. The Amended Rights Agreement provides a period of time during which we may redeem the Rights, in whole or in part at a price of $0.001 per Right, such that this period will end on the earlier of (i) the tenth business day following the date a person or group becomes the beneficial owner of 15% or more of the Common Stock or (ii) the final expiration date of the Rights, which is May 2, 2018. |
Restructuring_Charges
Restructuring Charges | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Restructuring and Related Activities [Abstract] | ' | |||||||||||
Restructuring Charges | ' | |||||||||||
Restructuring Charges | ||||||||||||
2013 Plan | ||||||||||||
On July 30, 2013, we approved a restructuring plan primarily focused on our International operations ("the 2013 Plan"). The goal of the 2013 Plan is to improve utilization, strategically engage our lower-cost off-shore and near-shore resources, and centralize management of administrative functions in key markets to leverage shared services functions. The actions of this plan are expected to impact approximately 250 employees. The 2013 Plan began in the third quarter of 2013 and a majority of restructuring activities have been completed as of December 31, 2013. The total amount of the restructuring charges for the 2013 Plan are expected to be approximately $13 million, substantially all of which will be settled in cash. The charges associated with the 2013 Plan are substantially all related to personnel severance and related employee benefit costs. | ||||||||||||
The changes in our 2013 Plan restructuring liabilities, which are recorded in other accrued expenses, during 2013 are as follows: | ||||||||||||
(In thousands) | ||||||||||||
Restructuring liability, as of January 1, 2013 | $ | — | ||||||||||
Restructuring charges | 13,421 | |||||||||||
Non-cash items | (137 | ) | ||||||||||
Cash paid | (5,990 | ) | ||||||||||
Foreign exchange rate changes | 160 | |||||||||||
Restructuring liability, as of December 31, 2013 | $ | 7,454 | ||||||||||
Restructuring charges by segment are as follows: | ||||||||||||
Year ended December 31, 2013 (1) | ||||||||||||
(In thousands) | ||||||||||||
North America | $ | 660 | ||||||||||
International | 12,116 | |||||||||||
Other | 64 | |||||||||||
Corporate | 581 | |||||||||||
Total | $ | 13,421 | ||||||||||
(1) As a majority of the actions have been completed through December 31, 2013, the total charges to date approximate the total anticipated charges by segment. | ||||||||||||
2012 Plan | ||||||||||||
On November 5, 2012, we approved a company restructuring plan ("the 2012 Plan"). The restructuring activities commenced in the fourth quarter of 2012 and related primarily to the consolidation of our real estate footprint, as well as organizational changes designed to simplify business processes, move decision-making closer to the marketplace, and create operating efficiencies. In the third quarter of 2013, all restructuring actions associated with this plan were completed. Total restructuring charges associated with the 2012 Plan were $11 million, of which approximately $1 million are non-cash charges related to stock compensation and lease-related expenses. The total restructuring expenses for the 2012 Plan include approximately $7 million related to personnel severance and related benefits primarily in our International segment, and approximately $4 million related to the closure of 17 offices and the consolidation of those locations into other existing Ciber locations, mostly in North America. | ||||||||||||
The changes in our restructuring liabilities, which are recorded in other accrued expenses, during 2012 and 2013 are as follows: | ||||||||||||
Employee Severance and Termination | Office Closures | Total | ||||||||||
(In thousands) | ||||||||||||
Restructuring liability, as of January 1, 2012 | $ | — | $ | — | $ | — | ||||||
Restructuring charges | 6,517 | 1,464 | 7,981 | |||||||||
Non-cash items | (743 | ) | 68 | (675 | ) | |||||||
Cash paid | (2,218 | ) | — | (2,218 | ) | |||||||
Restructuring liability, as of January 1, 2013 | 3,556 | 1,532 | 5,088 | |||||||||
Restructuring charges | 370 | 3,132 | 3,502 | |||||||||
Non-cash items | — | 510 | 510 | |||||||||
Cash paid | (3,851 | ) | (2,421 | ) | (6,272 | ) | ||||||
Foreign exchange rate changes | (75 | ) | 17 | (58 | ) | |||||||
Restructuring liability, as of December 31, 2013 | $ | — | $ | 2,770 | $ | 2,770 | ||||||
Restructuring charges by segment are as follows: | ||||||||||||
Year ended December 31, 2013 | Plan to Date (1) | |||||||||||
(In thousands) | ||||||||||||
North America | $ | 241 | $ | 1,705 | ||||||||
International | 1,306 | 7,080 | ||||||||||
Corporate (2) | 1,955 | 2,698 | ||||||||||
Total | $ | 3,502 | $ | 11,483 | ||||||||
(1) Our restructuring charges, particularly lease-related office closure costs, are subject to estimate. If we are unable to find tenants for vacated offices or sub-lease terms are different from our estimates, our actual restructuring charges will differ from our current estimates. | ||||||||||||
(2) 2012 corporate restructuring charges consist of share-based compensation expenses associated with severance for employees in our International division. Share-based compensation is not charged to operating divisions, but rather is recorded as part of our corporate expenses. 2013 corporate restructuring charges include costs for administrative facility consolidation. |
Segment_Information
Segment Information | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||
Segment Information | ' | |||||||||||
Segment Information | ||||||||||||
Excluding discontinued operations, our operating divisions for 2013 consisted of International and North America. Our International division provides a range of IT consulting services, including ERP software implementation, application development, and systems integration and support services, with a significant emphasis on SAP-related solutions and services. Our North America division primarily provides application development, integration, support, as well as software implementation services for ERP software from software vendors such as Oracle, SAP and Lawson. North America also provides a wide range of managed services offerings to support the above products. All prior period segment data has been adjusted to conform to the 2013 presentation. | ||||||||||||
We evaluate our divisions' results of operations based on operating income before amortization of intangible assets and restructuring charges. We do not track our assets by operating segments. Consequently, it is not practical to show assets by operating segment. The accounting policies of our divisions are the same as those disclosed in the Summary of Significant Accounting Policies in Note 1, except for share-based compensation. Share-based compensation is not charged to operating divisions, but rather is recorded as part of our corporate expenses. | ||||||||||||
In 2013, the Netherlands and Germany comprised approximately 14% and 13% of our consolidated revenue, respectively. No individual country other than the United States comprised more that 10% of our long-lived assets at December 31, 2013. | ||||||||||||
The following presents financial information about our reporting segments: | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
(In thousands) | ||||||||||||
Revenues: | ||||||||||||
International | $ | 456,424 | $ | 434,193 | $ | 460,197 | ||||||
North America | 423,340 | 432,832 | 429,289 | |||||||||
Other | 3,357 | 3,109 | 3,510 | |||||||||
Inter-segment | (5,828 | ) | (4,537 | ) | (4,610 | ) | ||||||
Total revenues | $ | 877,293 | $ | 865,597 | $ | 888,386 | ||||||
Operating income (loss) from continuing operations: | ||||||||||||
International | $ | 23,390 | $ | 23,245 | $ | 25,583 | ||||||
North America | 33,511 | 30,169 | 12,385 | |||||||||
Other | 315 | 446 | 499 | |||||||||
Corporate expenses | (39,774 | ) | (32,005 | ) | (29,680 | ) | ||||||
Unallocated results of discontinued operations | — | (562 | ) | (1,355 | ) | |||||||
Earnings before interest, taxes, amortization and restructuring | 17,442 | 21,293 | 7,432 | |||||||||
Goodwill impairment | — | — | (16,300 | ) | ||||||||
Amortization of intangible assets | — | (644 | ) | (1,534 | ) | |||||||
Restructuring charges | (16,923 | ) | (7,981 | ) | — | |||||||
Total operating income (loss) from continuing operations | $ | 519 | $ | 12,668 | $ | (10,402 | ) | |||||
Our revenue by location is as follows: | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
(In thousands) | ||||||||||||
Total foreign revenue (1) | $ | 464,115 | $ | 444,253 | $ | 472,263 | ||||||
Total domestic revenue (1) | $ | 413,178 | $ | 421,344 | $ | 416,123 | ||||||
Netherlands (2) | $ | 121,875 | $ | 120,325 | $ | 136,980 | ||||||
Germany (2) | $ | 111,779 | $ | 104,007 | $ | 106,588 | ||||||
(1) Represents sales to all foreign/domestic clients based on client locations. | ||||||||||||
(2) Represents revenues based on Ciber locations. | ||||||||||||
Long-lived assets by location are as follows: | ||||||||||||
December 31, | ||||||||||||
2013 | 2012 | |||||||||||
(In thousands) | ||||||||||||
Total foreign long-lived assets (1) | $ | 160,881 | $ | 156,047 | ||||||||
Total domestic long-lived assets (2) | $ | 139,365 | $ | 141,142 | ||||||||
(1) This balance includes $148.0 million and $142.9 million of goodwill as of December 31, 2013 and 2012, respectively. | ||||||||||||
(2) This balance includes $133.7 million of goodwill as of December 31, 2013 and 2012. |
Supplemental_Statement_of_Cash
Supplemental Statement of Cash Flow Information | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Supplemental Cash Flow Elements [Abstract] | ' | |||||||||||
Supplemental Statement of Cash Flow Information | ' | |||||||||||
Supplemental Statement of Cash Flow Information | ||||||||||||
Supplemental statement of cash flow information is as follows: | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
(In thousands) | ||||||||||||
Cash paid for interest | $ | 1,974 | $ | 5,655 | $ | 7,272 | ||||||
Cash paid for income taxes, net | $ | 5,714 | $ | 6,182 | $ | 8,616 | ||||||
Selected_Quarterly_Financial_I
Selected Quarterly Financial Information (Unaudited) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Selected Quarterly Financial Information [Abstract] | ' | |||||||||||||||||||
Selected Quarterly Financial Information (Unaudited) | ' | |||||||||||||||||||
Selected Quarterly Financial Information (Unaudited) | ||||||||||||||||||||
First | Second | Third | Fourth | Total | ||||||||||||||||
Quarter | Quarter | Quarter | Quarter | |||||||||||||||||
(In thousands, except per share amounts) | ||||||||||||||||||||
Year ended December 31, 2013 | ||||||||||||||||||||
Revenues | $ | 219,541 | $ | 220,395 | $ | 215,057 | $ | 222,300 | $ | 877,293 | ||||||||||
Gross profit | 55,226 | 56,038 | 54,062 | 57,731 | 223,057 | |||||||||||||||
Operating income (loss) from continuing operations | 4,786 | 5,035 | (13,469 | ) | 4,167 | 519 | ||||||||||||||
Net income (loss) from continuing operations | 1,449 | 2,935 | (13,513 | ) | 1,522 | (7,607 | ) | |||||||||||||
Income (loss) from discontinued operations, net of income tax | 18 | (4,555 | ) | (952 | ) | (1,435 | ) | (6,924 | ) | |||||||||||
Net income (loss) attributable to Ciber, Inc. | 1,613 | (1,766 | ) | (14,469 | ) | 102 | (14,520 | ) | ||||||||||||
Basic and diluted earnings (loss) per share attributable to Ciber, Inc.: | ||||||||||||||||||||
Continuing operations | $ | 0.02 | $ | 0.04 | $ | (0.18 | ) | $ | 0.02 | $ | (0.10 | ) | ||||||||
Discontinued operations | — | (0.06 | ) | (0.01 | ) | (0.02 | ) | (0.09 | ) | |||||||||||
Basic and diluted earnings (loss) per share attributable to Ciber, Inc. | $ | 0.02 | $ | (0.02 | ) | $ | (0.19 | ) | $ | — | $ | (0.19 | ) | |||||||
Year Ended December 31, 2012 | ||||||||||||||||||||
Revenues | $ | 218,580 | $ | 216,264 | $ | 211,216 | $ | 219,537 | $ | 865,597 | ||||||||||
Gross profit | 55,326 | 57,514 | 53,420 | 57,218 | 223,478 | |||||||||||||||
Operating income (loss) from continuing operations | 7,094 | 4,650 | 4,297 | (3,373 | ) | 12,668 | ||||||||||||||
Net income (loss) from continuing operations | 1,286 | 422 | 195 | (5,976 | ) | (4,073 | ) | |||||||||||||
Loss from discontinued operations, net of income tax | (83 | ) | (297 | ) | (9,510 | ) | (119 | ) | (10,009 | ) | ||||||||||
Net income (loss) attributable to Ciber, Inc. | 1,143 | (81 | ) | (9,449 | ) | (6,240 | ) | (14,627 | ) | |||||||||||
Basic and diluted earnings (loss) per share attributable to Ciber, Inc.: | ||||||||||||||||||||
Continuing operations | $ | 0.02 | $ | — | $ | — | $ | (0.08 | ) | $ | (0.06 | ) | ||||||||
Discontinued operations | — | — | (0.13 | ) | — | (0.14 | ) | |||||||||||||
Basic and diluted earnings (loss) per share attributable to Ciber, Inc. | $ | 0.02 | $ | — | $ | (0.13 | ) | $ | (0.08 | ) | $ | (0.20 | ) | |||||||
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended | ||
Dec. 31, 2013 | |||
Accounting Policies [Abstract] | ' | ||
Principles of Consolidation | ' | ||
Principles of Consolidation | |||
The Consolidated Financial Statements include the accounts of Ciber, Inc. and all of its majority-owned subsidiaries (together "Ciber," "the Company," "we," "our," or "us"). All material inter-company balances and transactions have been eliminated. | |||
The shares of our foreign subsidiaries that are owned by persons other than Ciber are referred to as noncontrolling interests in these Consolidated Financial Statements. The noncontrolling shareholders' proportionate share of the equity of these subsidiaries is reflected as "noncontrolling interests" in the Consolidated Balance Sheets. The noncontrolling shareholders' proportionate share of the net income or loss of these subsidiaries is reflected as "net income (loss) attributable to noncontrolling interests" in the Consolidated Statements of Operations. | |||
In June 2013, we entered into an agreement to purchase all of the noncontrolling interests of one of our foreign subsidiaries for future cash payments of approximately $7.3 million, of which $0.8 million was paid in the the fourth quarter of 2013 and the remainder will be paid in the fourth quarter of 2014 and second quarter of 2015. Effective with the date of entering into this agreement, we derecognized the previously recorded noncontrolling interests relating to this subsidiary and recorded a liability for the present value of future cash payments on our consolidated balance sheet. We recorded the excess of the present value of future cash payments over the book value of noncontrolling interests as a reduction to Ciber, Inc. shareholders' equity. | |||
Use of Estimates | ' | ||
Use of Estimates | |||
The preparation of our Consolidated Financial Statements in conformity with U.S. generally accepted accounting principles ("GAAP") requires management to make estimates and assumptions that affect amounts reported in the Consolidated Financial Statements and accompanying disclosures. We base our estimates on historical experience and on various other assumptions that we believe are reasonable under the circumstances. Actual results could differ from those estimates. | |||
Revenue Recognition | ' | ||
Revenue Recognition | |||
Ciber earns revenue primarily from providing IT services to its clients, and to a much lesser extent, from the sale and resale of IT hardware and software products. Ciber's consulting services revenue comes from three primary sources: (1) technology integration services where we design, build and implement new or enhanced system applications and related processes; (2) general IT consulting services, such as system selection or assessment, feasibility studies, training and staffing; and (3) managed IT services in which we manage, staff, maintain, host or otherwise run solutions and/or systems for our customers. Contracts for these services have different terms based on the scope, deliverables and complexity of the engagement, which requires management to make judgments and estimates in recognizing revenue. Fees for these contracts may be in the form of time-and-materials, unit-priced or fixed-price billings. The majority of our consulting services revenue is recognized under time-and-materials contracts as hours and costs are incurred. Consulting services revenue also includes project-related reimbursable expenses for travel and other out-of-pocket expenses separately billed to clients. | |||
Revenue for technology integration consulting services where we design/redesign, build and implement new or enhanced systems applications and related processes for our clients is generally recognized based on the percentage-of-completion method. Under the percentage-of-completion method, management estimates the percentage of completion based upon the contract costs incurred to date as a percentage of the total estimated contract costs. If the total cost estimate exceeds revenue, we accrue for the estimated loss immediately. The use of the percentage-of-completion method requires significant judgment relative to estimating total contract revenue and costs, including assumptions as to the length of time to complete the project, the nature and complexity of the work to be performed and anticipated changes in estimated costs. Estimates of total contract costs are continuously monitored during the term of the contract and recorded revenues and costs are subject to revision as the contract progresses. Such revisions may result in increases or decreases to revenue and income and are reflected in the Consolidated Financial Statements in the periods in which they are first identified. | |||
Revenue for general IT consulting services is recognized as work is performed and amounts are earned. For contracts with fees based on time-and-materials, we recognize revenue over the period of performance. For fixed-price contracts, depending on the specific contractual provisions and nature of the deliverables, revenue may be recognized on a proportional performance model based on level-of-effort, as milestones are achieved or when final deliverables have been provided. | |||
Outsourcing and managed IT services arrangements typically span several years. Revenue from time-and-materials contracts is recognized as the services are performed. Revenue from unit-priced contracts is recognized as transactions are processed based on objective measures of output. Revenue from fixed-price contracts is recognized on a straight-line basis, unless revenues are earned and obligations are fulfilled in a different pattern. Costs related to delivering managed services are expensed as incurred, with the exception of labor and other direct costs related to the set-up of processes, personnel and systems, which are deferred during the transition period when appropriate criteria have been met and expensed ratably over the period services are provided. Amounts billable to the client for transition or set-up activities, which do not have standalone value, are also deferred and recognized as revenue ratably over the period that the managed services are provided. | |||
We sometimes enter into arrangements (excluding software license arrangements) with customers that purchase multiple services, or a combination of services and IT hardware products, from us at the same time, referred to as multiple-element arrangements. Each element within a multiple-element arrangement is accounted for as a separate unit of accounting provided that the delivered services or products have value to the customer on a standalone basis. We consider a deliverable element to have standalone value if the service or product is sold separately by us or another vendor or could be resold by the customer. For our multiple-element arrangements, the arrangement consideration is allocated at the inception of the arrangement to all deliverable elements on the basis of their relative selling price (the relative selling price method). When applying the relative selling price method, the selling price for each deliverable is determined using vendor-specific objective evidence ("VSOE") of selling price if it exists; otherwise, third-party evidence ("TPE") of selling price is used. If neither VSOE nor TPE of selling price exists for a deliverable, then we use our best estimate of the selling price ("ESP") for that deliverable when applying the relative selling price method. Since our services are typically customized to each client's specific needs, VSOE and TPE are generally not available. We determine ESP for purposes of allocating the arrangement by considering several external and internal factors including, but not limited to, pricing practices, margin objectives, competition, geographies in which we offer our products and services, and internal costs. We limit the amount of revenue recognized for delivered elements to an amount that is not contingent upon future delivery of additional services or products. | |||
Other revenue primarily includes sales of third-party software products and related support services and commissions on sales of IT products and, to a lesser extent, sales of proprietary software products. Where we are the re-marketer of certain IT products, commission revenue is recognized when the products are drop-shipped from the vendor to the customer. Our commission revenue represents the sales price to the customer less the cost paid to the vendor. Some software license arrangements also include implementation services and/or post-contract customer support. In such multi-element software arrangements, if the criteria are met, revenue is recognized when VSOE of the fair value of each undelivered element has been established. Generally our license arrangements containing multiple elements do not qualify for separate accounting for the implementation services, and the software license revenue and the related costs of third-party software products are generally recognized together with the software implementation services using the percentage-of-completion method. Revenue for software post-contract support is recognized ratably over the term of the related agreement. | |||
Unbilled accounts receivable represent amounts recognized as revenue based on services performed in advance of billings in accordance with contract terms. Under our typical time-and-materials billing arrangement, we bill our customers on a regularly scheduled basis, such as biweekly or monthly. At the end of each accounting period, we accrue revenue for services performed since the last billing cycle. These unbilled amounts are generally billed the following month. Unbilled accounts receivable also arise when percentage-of-completion accounting is used and costs plus estimated contract earnings exceed billings. Such amounts are billed at specific milestone dates or at contract completion. Management expects all unbilled accounts receivable to be collected within one year of the balance sheet date. Billings in excess of revenue recognized are recorded as deferred revenue and are primarily comprised of deferred software support revenue. | |||
Cash and Cash Equivalents | ' | ||
Cash and Cash Equivalents | |||
Cash and cash equivalents includes bank demand and time deposits, money market funds and all other highly liquid investments with maturities of three months or less when purchased. Substantially all of our cash balance at December 31, 2013 and 2012 was held by our foreign subsidiaries. | |||
Accounts Receivable and Allowance for Doubtful Accounts | ' | ||
Accounts Receivable and Allowance for Doubtful Accounts | |||
We record accounts receivable at their face amount less an allowance for doubtful accounts. On a regular basis, we evaluate our client receivables, especially receivables that are past due, and we establish an allowance for doubtful accounts based upon specific identification of probable losses. Accounts receivable losses are deducted from the allowance and the related accounts receivable balances are written off when the receivables are deemed uncollectible. Recoveries of accounts receivable previously written off are recognized when received. | |||
Property and Equipment | ' | ||
Property and Equipment | |||
Property and equipment, which primarily consists of computer equipment and software, furniture and leasehold improvements, is stated at cost. Depreciation is computed using straight-line and accelerated methods over the estimated useful lives, ranging primarily from three to seven years, or the related lease term, if shorter. Direct costs of time and materials incurred for the development of software for internal use are capitalized as property and equipment. | |||
Long-Lived Assets (excluding Goodwill) | ' | ||
Long-Lived Assets (excluding Goodwill) | |||
Long-lived assets are reviewed for impairment whenever events or circumstances indicate that the carrying amount of an asset may not be fully recoverable. An impairment loss is recognized if the carrying amount of a long-lived asset is not recoverable from its undiscounted cash flows and is measured as the difference between the carrying amount and fair value of the asset. | |||
Income Taxes | ' | ||
Income Taxes | |||
Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and for operating loss carryforwards. Deferred tax amounts are based on enacted tax rates expected to be in effect during the year in which the differences reverse. The effect on deferred tax assets and liabilities due to a change in tax rates is recognized in income tax expense in the period that includes the enactment date. Deferred tax assets and liabilities are classified as current and non-current amounts based on the financial statement classification of the related asset and liability. A valuation allowance is provided when it is more likely than not that a deferred tax asset will not be realized. We use a two-step approach to recognize and measure uncertain tax positions taken or expected to be taken in an income tax return. We first determine if the weight of available evidence indicates that it is more likely than not that the tax position will be sustained on audit, including resolution of any related appeals or litigation processes. The second step involves measuring the tax benefit as the largest amount that is more than 50% likely to be realized upon ultimate settlement. | |||
The provision for income taxes represents the estimated amounts for federal, state and foreign taxes. The determination of the provision for income tax expense, deferred tax assets and liabilities and related valuation allowance requires us to assess uncertainties, make judgments regarding possible outcomes and utilize estimates. As a global company, we are required to calculate and provide for income taxes in each of the tax jurisdictions where we operate. Our global operations are subject to complex tax regulations in numerous taxing jurisdictions, resulting at times in tax audits, disputes and potential litigation, the outcome of which is uncertain. We must make judgments currently about such uncertainties and determine estimates of our tax assets and liabilities. To the extent the final outcome differs, future adjustments to our tax assets and liabilities will be necessary. As a result, our effective tax rate may vary significantly from period to period. In addition, changes in the geographic mix and/or estimated levels of pre-tax income affect the overall effective tax rate. Interim-period tax expense is recorded based upon our best estimate of the effective tax rate expected to be applicable for the full fiscal year. | |||
Foreign Currency | ' | ||
Foreign Currency | |||
The assets and liabilities of our foreign operations are translated into U.S. dollars at current exchange rates and revenues and expenses are translated at average exchange rates for the period. The resulting translation adjustments are included in "accumulated other comprehensive income (loss)" on the Consolidated Balance Sheets. Gains and losses arising from inter-company international transactions that are of a long-term investment nature are reported in the same manner as translation adjustments. Foreign currency translation adjustments are reclassified into our Consolidated Statement of Operations when our interest in subsidiaries with a functional currency is substantially liquidated. | |||
All foreign currency transaction gains and losses, including foreign currency gains and losses on short-term inter-company loans and advances, are included in "other expense, net" in the Consolidated Statements of Operations as incurred. | |||
Share-Based Compensation | ' | ||
Share-Based Compensation | |||
We record share-based compensation expense for awards of equity instruments to employees based on the estimated grant-date fair value of these awards, over the period the employees are required to provide services to earn the awards. Share-based compensation cost is recognized in "selling, general and administrative expense" in the Consolidated Statements of Operations. | |||
Financial Instruments and Fair Values | ' | ||
Financial Instruments and Fair Values | |||
The Company is required to disclose the fair value of all assets and liabilities subject to fair value measurement and the nature of the valuation techniques, including their classification within the fair value hierarchy, utilized by the Company in performing these measurements. | |||
The FASB provides a fair value framework which requires the categorization of assets and liabilities into three levels based upon the assumptions (or inputs) used to price the assets or liabilities, which are as follows: | |||
Level 1: | Unadjusted quoted prices in active markets for identical assets or liabilities. | ||
Level 2: | Unadjusted quoted prices in active markets for similar assets or liabilities, or unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs other than quoted prices that are observable for the asset or liability. | ||
Level 3: | Unobservable inputs for the asset or liability that reflect the reporting entity's own assumptions. | ||
The carrying values of our cash and cash equivalents, accounts receivable and accounts payable approximate their fair values due to their short-term nature. The fair value of our reporting units utilized in our annual goodwill impairment assessment, which utilizes level 3 assumptions, is discussed in Note 7. The fair value of the borrowings under our ABL Facility utilizing level 2 assumptions is discussed in Note 9. Restructuring liabilities for office closures, discussed in note 14, are recorded at estimated fair value utilizing level 3 assumptions, including an estimate of sublease income which is subject to adjustment in future periods if assumptions change. | |||
Ciber is exposed to certain risks related to its ongoing business operations. From time to time, Ciber may choose to use derivative instruments to manage certain risks related to foreign currency exchange rates and interest rates. We recognize all derivative instruments as either assets or liabilities on our Consolidated Balance Sheets at fair value utilizing level 2 assumptions. The accounting for changes in the fair value (i.e., gains or losses) of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging relationship and further, on the type of hedging relationship. All hedging instruments must be designated, based on the exposure being hedged, as a fair value hedge, a cash flow hedge or a hedge of a net investment in a foreign operation. | |||
For derivative instruments that are designated and qualify as a cash flow hedge, the gain or loss on the effective hedge portion of the derivative instrument is reported as a component of "accumulated other comprehensive income (loss)" on the Consolidated Balance Sheets and is reclassified into earnings in the same period during which the hedged transaction affects earnings. The change in the amounts are reported in the Consolidated Statement of Comprehensive Income (Loss). The gain or loss is classified in the same statement of operations line item as the associated item being hedged. | |||
From time to time, Ciber will also enter into foreign currency forward contracts related to customer agreements or intercompany transactions denominated in a foreign currency or related to certain forecasted foreign operating results. We generally have not elected hedge accounting for these derivatives. At December 31, 2013 and 2012, we did not have any material outstanding derivative instruments. | |||
Business and Credit Concentrations | ' | ||
Business and Credit Concentrations | |||
Financial instruments that are potentially subject to concentrations of credit risk are cash and cash equivalents and accounts receivable. Our cash and cash equivalents are primarily invested in high-credit quality short-term, interest-bearing accounts with financial institutions. Accounts receivable are reviewed on a periodic basis and an allowance for bad debts is recorded where such amounts are determined to be uncollectible. We do not require collateral from our customers. Our revenue and accounts receivable are principally concentrated with large companies across several industries and governmental entities located throughout the United States and Europe. | |||
Comprehensive Income (Loss) | ' | ||
Comprehensive Income (Loss) | |||
Comprehensive income (loss) includes changes in the balances of items that are reported directly as separate components of shareholders' equity. Comprehensive income (loss) includes net income plus changes in cumulative foreign currency translation adjustment and gains or losses on cash flow hedges, net of taxes. | |||
Contingencies | ' | ||
Contingencies | |||
We are subject to various claims and litigation that arise in the ordinary course of business. The litigation process is inherently uncertain. Therefore, the outcome of such matters is not predictable. | |||
As previously reported, we are engaged in legal proceedings in Germany in connection with our acquisition of a controlling interest in Novasoft AG (now known as Ciber AG) in 2004. In August 2006, we completed a buy-out of the remaining minority shareholders of Novasoft. Certain of those former minority shareholders challenged the adequacy of the buy-out consideration by initiating a review by the district court in Mannheim, Germany. The court made a determination in 2013 which is now under appeal by the plaintiffs. Based on information known to us, we have established a reserve that we believe is reasonable. We are unable to predict the outcome of this matter. | |||
As previously reported, a lawsuit titled CamSoft Data Systems, Inc. v. Southern Electronics, et al., was filed initially in October 2009 in Louisiana state court against numerous defendants, including Ciber. The lawsuit was subsequently removed to federal court in the Middle District of Louisiana and the complaint was amended to include additional defendants and causes of action including antitrust claims, civil RICO claims, unfair trade practices, trade secret, fraud, unjust enrichment, and conspiracy claims. The suit involves many of the same parties involved in related litigation in the state court in New Orleans, which was concluded in 2009 when Ciber settled the New Orleans suit with the plaintiffs, Active Solutions and Southern Electronics, who were CamSoft's former alleged joint venturers and are now co-defendants in the current lawsuit. Ciber is vigorously defending the allegations. The matter is ongoing in the appellate courts where Camsoft has filed a notice of appeal with the Federal Court of Appeals while Ciber and the other defendants have filed notices of appeal with the Fifth Circuit Court of Appeals and with the Federal Court of Appeals. Based on information known to us, we have established a reserve that we believe is reasonable. We are unable to predict the outcome of this litigation. | |||
As previously reported, in October 2011, a putative securities class action lawsuit, Weston v. Ciber, Inc. et al., was filed in the United States District Court for the District of Colorado against Ciber and several of its current and former officers. In November 2013, we entered into a settlement among the lead plaintiff and the defendants that involved funds paid by our insurers being placed into a fund for the benefit of the class. The Court issued preliminary approval of the settlement, subject to final approval after the completion of certain events, including notice to the putative class. We have not made any admission of liability or wrongdoing by entering into this settlement. Notices to potential class members has begun. | |||
As previously reported, in February 2012, a purported verified shareholder derivative lawsuit, Seni v. Peterschmidt. et al., was filed in the United States District Court for the District of Colorado against several of our current and former officers and our then-current board of directors. This complaint generally alleged that the various defendants breached their fiduciary duties of good faith, fair dealing, loyalty, due care, reasonable inquiry, oversight, and supervision by approving the issuance of allegedly false statements that misrepresented material information about the finances and operations of the Company. On March 22, 2013, the Court dismissed this complaint with leave to amend. On April 26, 2013, plaintiff filed an amended complaint that largely made the same claims as the original complaint. In February 2014, the Court issued an order dismissing the amended complaint. The Court permitted the plaintiff until February 26, 2014 to amend the complaint. | |||
In February 2014, a purported verified shareholder derivative lawsuit, Denny v. Peterschmidt, et al., was filed in the District Court in Arapahoe County Colorado state court against several of our current and former officers and our then-current board of directors. This Complaint generally alleges that between December 15, 2010, and August 3, 2011, the defendants committed breaches of fiduciary duty that caused losses to Ciber's reputation and goodwill. The defendants are alleged to have breached their fiduciary duties by disseminating inaccurate and incomplete information about Ciber's financial results and business prospects, failing to maintain internal controls, and failing to properly oversee and manage the Company. Other claims include unjust enrichment and insider trading. Plaintiff Denny made a litigation demand on the Board in March 2012 to investigate the allegations and bring suit against the directors and executive officers of the Company. In response, the Board formed an Independent Committee to investigate the claims. In December 2012, after completing its investigation and finding that the claims were without merit, the Independent Committee formally refused the Plaintiff's demand. We believe the derivative lawsuit is without merit and we intend to vigorously defend against the claims. We are unable to predict the outcome of this litigation. | |||
Recently Adopted Accounting Pronouncements | ' | ||
Recently Issued Accounting Pronouncements | |||
In March 2013, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2013-05, Foreign Currency Matters (Topic 830)-Parent's Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity, ("ASU 2013-05"). This amendment clarifies the applicable guidance for the release of cumulative translation adjustment into net earnings. When an entity ceases to have a controlling financial interest in a subsidiary or group of assets within a foreign entity, the entity is required to apply the guidance in FASB Accounting Standards Codification Topic 830-30 to release any related cumulative translation adjustment into net earnings. ASU 2013-05 is effective prospectively for fiscal years, and interim reporting periods within those years, beginning after December 15, 2013. The adoption of this standard is not expected to have a material impact on the Company's consolidated financial statements. | |||
In July 2013, the FASB issued Accounting Standards Update No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists, (“ASU 2013-11”). The objective of this update is to eliminate the diversity in practice in the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss or a tax credit carryforward exists. The amendments in this update require an entity to present an unrecognized tax benefit in the financial statements as a reduction to a deferred tax asset for those instances described above, except in certain situations discussed in the update. ASU 2013-11 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The adoption of this standard is not expected to have a material impact on the Company's consolidated financial statements. | |||
Goodwill | ' | ||
We perform our annual impairment analysis of goodwill as of June 30 each year or more often if there are indicators of impairment present. We test each of our reporting units for goodwill impairment. Our reporting units are the same as our operating divisions and reportable segments. The goodwill impairment test requires a two-step process. The first step consists of comparing the estimated fair value of each reporting unit with its carrying amount, including goodwill. If the estimated fair value of a reporting unit exceeds its carrying value, then it is not considered impaired and no further analysis is required. If step one indicates that the estimated fair value of a reporting unit is less than its carrying value, then impairment potentially exists and the second step is performed to measure the amount of goodwill impairment. Goodwill impairment exists when the estimated implied fair value of a reporting unit's goodwill is less than its carrying value. |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Tables) | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Accounting Policies [Abstract] | ' | |||
Schedule of accumulated other comprehensive income (loss) | ' | |||
The balance of "accumulated other comprehensive income (loss)" reflected on the Consolidated Balance Sheets was comprised of the following: | ||||
Foreign | ||||
Currency | ||||
Translation | ||||
(in thousands) | ||||
Balance at January 1, 2012 | $ | (7,006 | ) | |
Change in foreign currency translation | 7,214 | |||
Balance at December 31, 2012 | 208 | |||
Amount reclassified from accumulated other comprehensive income | 1,008 | |||
Change in foreign currency translation | 1,880 | |||
Balance at December 31, 2013 | $ | 3,096 | ||
Discontinued_Operations_Tables
Discontinued Operations (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Discontinued Operations and Disposal Groups [Abstract] | ' | |||||||||||
Schedule of operating results of the discontinued operations included in the consolidated statements of operations | ' | |||||||||||
The following table summarizes the operating results of the discontinued operations included in the Consolidated Statements of Operations. | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
(In thousands) | ||||||||||||
Total revenues | $ | 5,424 | $ | 90,777 | $ | 196,245 | ||||||
Operating expenses | 11,177 | 93,319 | 190,039 | |||||||||
Goodwill impairment | — | — | 27,400 | |||||||||
Operating loss from discontinued operations | (5,753 | ) | (2,542 | ) | (21,194 | ) | ||||||
Interest and other expense | 1,008 | 90 | 334 | |||||||||
Loss from discontinued operations before income taxes | (6,761 | ) | (2,632 | ) | (21,528 | ) | ||||||
Income tax expense (benefit) | 211 | 808 | (6,647 | ) | ||||||||
Loss from discontinued operations, net of taxes | (6,972 | ) | (3,440 | ) | (14,881 | ) | ||||||
Gain (loss) on sale | 48 | (7,256 | ) | — | ||||||||
Income tax benefit | — | (687 | ) | — | ||||||||
Gain (loss) on sale, net of income taxes | 48 | (6,569 | ) | — | ||||||||
Total loss from discontinued operations, net of income taxes | $ | (6,924 | ) | $ | (10,009 | ) | $ | (14,881 | ) |
Acquisition_Consideration_Tabl
Acquisition Consideration (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Business Combinations [Abstract] | ' | ||||
Schedule of change in the value of contingent consideration | ' | ||||
The liability was recorded in “other accrued expenses and liabilities” on the Consolidated Balance Sheets, and changes in the value of the liability from January 1, 2011 through December 31, 2013 were due to the following: | |||||
Contingent Consideration | |||||
(In thousands) | |||||
Balance at January 1, 2011 | $ | 5,062 | |||
Change in fair value of acquisition-related contingent consideration | 3,222 | ||||
Interest expense accretion | 676 | ||||
Payments | (2,080 | ) | |||
Foreign exchange rate changes | (404 | ) | |||
Balance at December 31, 2011 | 6,476 | ||||
Interest expense accretion | 396 | ||||
Foreign exchange rate changes | 114 | ||||
Balance at December 31, 2012 | 6,986 | ||||
Interest expense accretion | 176 | ||||
Foreign exchange rate changes | (97 | ) | |||
Payments | (7,065 | ) | |||
Balance at December 31, 2013 | $ | — | |||
Loss_Per_Share_Tables
Loss Per Share (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Loss Per Share. | ' | |||||||||||
Schedule of details of our net loss attributable to Ciber, Inc. | ' | |||||||||||
The details of our net loss attributable to Ciber, Inc. is as follows: | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
(In thousands) | ||||||||||||
NET LOSS FROM CONTINUING OPERATIONS | $ | (7,607 | ) | $ | (4,073 | ) | $ | (52,351 | ) | |||
Net income (loss) attributable to noncontrolling interests | (11 | ) | 545 | 29 | ||||||||
Net loss attributable to Ciber, Inc. from continuing operations | (7,596 | ) | (4,618 | ) | (52,380 | ) | ||||||
Loss from discontinued operations, net of income tax | (6,924 | ) | (10,009 | ) | (14,881 | ) | ||||||
Total net loss attributable to Ciber, Inc. | $ | (14,520 | ) | $ | (14,627 | ) | $ | (67,261 | ) |
Accounts_Receivable_Tables
Accounts Receivable (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||
Schedule of accounts receivable | ' | ||||||||||||||||
Accounts receivable consists of the following: | |||||||||||||||||
December 31, | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
(In thousands) | |||||||||||||||||
Billed accounts receivable | $ | 153,011 | $ | 154,484 | |||||||||||||
Unbilled - scheduled billings | 29,993 | 31,258 | |||||||||||||||
Costs and estimated earnings in excess of billings | 8,713 | 16,267 | |||||||||||||||
191,717 | 202,009 | ||||||||||||||||
Less allowance for doubtful accounts | (2,335 | ) | (1,752 | ) | |||||||||||||
Accounts receivable, net | $ | 189,382 | $ | 200,257 | |||||||||||||
Schedule of activity in the allowance for doubtful accounts | ' | ||||||||||||||||
The activity in the allowance for doubtful accounts consists of the following: | |||||||||||||||||
Additions | Effect of | ||||||||||||||||
Balance at | Charge | foreign | Balance | ||||||||||||||
beginning | to cost and | Deductions | exchange | at end | |||||||||||||
of period | expense | Write-offs | rate changes | of period | |||||||||||||
(In thousands) | |||||||||||||||||
Year ended December 31, 2011 | $ | 7,367 | 337 | (6,280 | ) | (2 | ) | $ | 1,422 | ||||||||
Year ended December 31, 2012 | $ | 1,422 | 825 | (580 | ) | 85 | $ | 1,752 | |||||||||
Year ended December 31, 2013 | $ | 1,752 | 1,813 | (1,312 | ) | 82 | $ | 2,335 | |||||||||
Property_and_Equipment_Tables
Property and Equipment (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Property, Plant and Equipment [Abstract] | ' | |||||||
Schedule of property and equipment | ' | |||||||
Property and equipment consists of the following: | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
(In thousands) | ||||||||
Computer equipment and software | $ | 44,403 | $ | 44,059 | ||||
Furniture and fixtures | 9,525 | 9,051 | ||||||
Leasehold improvements and other | 7,495 | 8,432 | ||||||
61,423 | 61,542 | |||||||
Less accumulated depreciation | (48,500 | ) | (47,859 | ) | ||||
Property and equipment, net | $ | 12,923 | $ | 13,683 | ||||
Goodwill_Tables
Goodwill (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||
Schedule of changes in the carrying amount of goodwill | ' | |||||||||||
The changes in the carrying amount of goodwill are as follows: | ||||||||||||
International | North America | Total | ||||||||||
(In thousands) | ||||||||||||
Balance at January 1, 2012 | $ | 139,723 | $ | 135,781 | $ | 275,504 | ||||||
Amount allocated to discontinued operations | (1,100 | ) | (2,100 | ) | (3,200 | ) | ||||||
Effect of foreign exchange rate changes | 4,295 | — | 4,295 | |||||||||
Balance at December 31, 2012 | 142,918 | 133,681 | 276,599 | |||||||||
Effect of foreign exchange rate changes | 4,359 | — | 4,359 | |||||||||
Other | 756 | — | 756 | |||||||||
Balance at December 31, 2013 | $ | 148,033 | $ | 133,681 | $ | 281,714 | ||||||
Operating_Leases_Tables
Operating Leases (Tables) | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Leases, Operating [Abstract] | ' | |||
Schedule of future minimum operating lease payments | ' | |||
Future minimum operating lease payments as of December 31, 2013, are: | ||||
Rental Payments | ||||
(In thousands) | ||||
2014 | $ | 22,184 | ||
2015 | 15,729 | |||
2016 | 12,087 | |||
2017 | 8,113 | |||
2018 | 6,510 | |||
Thereafter | 3,575 | |||
$ | 68,198 | |||
Borrowings_Tables
Borrowings (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Debt Disclosure [Abstract] | ' | |||||||
Schedule of long-term debt | ' | |||||||
Long-term debt consisted of the following: | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
(In thousands) | ||||||||
Revolving credit facilities | $ | — | $ | 19,775 | ||||
Term loans | — | 6,250 | ||||||
Total bank debt | — | 26,025 | ||||||
Capital lease obligations | 53 | 102 | ||||||
Total debt | 53 | 26,127 | ||||||
Less current portion | 53 | 6,337 | ||||||
Long-term debt | $ | — | $ | 19,790 | ||||
Other_Expense_Tables
Other Expense (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Other Income and Expenses [Abstract] | ' | |||||||||||
Schedule of other income (expense), net | ' | |||||||||||
Other expense, net consisted of the following: | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
(In thousands) | ||||||||||||
Foreign exchange gains (losses), net | $ | (16 | ) | $ | (462 | ) | $ | 613 | ||||
Change in fair value of acquisition-related contingent consideration | — | — | (3,222 | ) | ||||||||
Other | — | 103 | 69 | |||||||||
Other expense, net | $ | (16 | ) | $ | (359 | ) | $ | (2,540 | ) |
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||||
Schedule of income tax expense (benefit) from continuing operations | ' | |||||||||||
Income tax expense from continuing operations consists of the following: | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
(In thousands) | ||||||||||||
Current: | ||||||||||||
Federal | $ | (496 | ) | $ | 36 | $ | (1,054 | ) | ||||
State and local | 70 | 280 | 250 | |||||||||
Foreign | 4,148 | 5,816 | 6,224 | |||||||||
3,722 | 6,132 | 5,420 | ||||||||||
Deferred: | ||||||||||||
Federal | 3,396 | 4,528 | 22,713 | |||||||||
State and local | 611 | 647 | 3,247 | |||||||||
Foreign | (1,301 | ) | (283 | ) | 940 | |||||||
2,706 | 4,892 | 26,900 | ||||||||||
Income tax expense | $ | 6,428 | $ | 11,024 | $ | 32,320 | ||||||
Schedule of U.S. and foreign income (loss) from continuing operations before income taxes | ' | |||||||||||
U.S. and foreign income (loss) from continuing operations before income taxes are as follows: | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
(In thousands) | ||||||||||||
United States | $ | (3,487 | ) | $ | (5,058 | ) | $ | (49,104 | ) | |||
Foreign | 2,308 | 12,009 | 29,073 | |||||||||
Income (loss) before income taxes | $ | (1,179 | ) | $ | 6,951 | $ | (20,031 | ) | ||||
Schedule of U.S. and foreign income tax expense (benefit) | ' | |||||||||||
U.S. and foreign income tax expense are as follows: | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
(In thousands) | ||||||||||||
United States | $ | 3,581 | $ | 5,491 | $ | 25,156 | ||||||
Foreign | 2,847 | 5,533 | 7,164 | |||||||||
Income tax expense | $ | 6,428 | $ | 11,024 | $ | 32,320 | ||||||
Schedule of reconciliation of income tax expense (benefit) to amounts computed by applying the statutory U.S. Federal income tax rate to income (loss) before income taxes | ' | |||||||||||
Income tax expense differs from the amounts computed by applying the statutory U.S. Federal income tax rate to income (loss) before income taxes as a result of the following: | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
(In thousands) | ||||||||||||
Income tax expense (benefit) at the federal statutory rate of 35% | $ | (413 | ) | $ | 2,433 | $ | (7,011 | ) | ||||
Increase (decrease) resulting from: | ||||||||||||
State income taxes, net of federal income tax benefit | 443 | 927 | 3,497 | |||||||||
Non-deductible other costs | 1,329 | 1,678 | 1,489 | |||||||||
Goodwill impairment | — | — | 1,811 | |||||||||
Valuation allowance | 6,752 | 8,039 | 27,028 | |||||||||
Foreign cash repatriation | (2,783 | ) | — | 10,500 | ||||||||
Impact of foreign tax | (1,002 | ) | (2,347 | ) | (3,425 | ) | ||||||
Provision for uncertain tax position | 2,208 | 1,064 | (880 | ) | ||||||||
Other | (106 | ) | (770 | ) | (689 | ) | ||||||
Income tax expense | $ | 6,428 | $ | 11,024 | $ | 32,320 | ||||||
Schedule of components of the net deferred tax asset or liability | ' | |||||||||||
The components of the net deferred tax asset or liability are as follows: | ||||||||||||
December 31, | ||||||||||||
2013 | 2012 | |||||||||||
(In thousands) | ||||||||||||
Deferred tax assets: | ||||||||||||
Accrued expenses | $ | 9,904 | $ | 9,637 | ||||||||
Federal tax credit carryforwards | 15,837 | 6,884 | ||||||||||
U.S. net operating loss ("NOL") carryforwards | 13,206 | 15,967 | ||||||||||
Foreign NOL carryforwards | 7,500 | 10,198 | ||||||||||
Other | 6,445 | 4,154 | ||||||||||
Total gross deferred tax assets | 52,892 | 46,840 | ||||||||||
Less valuation allowance | (51,160 | ) | (44,296 | ) | ||||||||
Deferred tax assets, net | 1,732 | 2,544 | ||||||||||
Deferred tax liabilities: | ||||||||||||
Goodwill | (23,914 | ) | (19,906 | ) | ||||||||
Other | (883 | ) | (2,937 | ) | ||||||||
Total gross deferred tax liabilities | (24,797 | ) | (22,843 | ) | ||||||||
Net deferred tax liability | $ | (23,065 | ) | $ | (20,299 | ) | ||||||
Balance sheet classification of deferred taxes: | ||||||||||||
Deferred tax asset — current | $ | 818 | $ | 1,890 | ||||||||
Deferred tax asset — long-term | 913 | 122 | ||||||||||
Deferred tax liability — current | (886 | ) | (463 | ) | ||||||||
Deferred tax liability — long-term | (23,910 | ) | (21,848 | ) | ||||||||
Net deferred tax liability | $ | (23,065 | ) | $ | (20,299 | ) | ||||||
Schedule of changes in the balance of unrecognized tax benefits | ' | |||||||||||
The changes in the balance of our unrecognized tax benefits were as follows: | ||||||||||||
Unrecognized | ||||||||||||
Tax Benefits | ||||||||||||
(In thousands) | ||||||||||||
Balance at January 1, 2012 | $ | 6,528 | ||||||||||
Increases related to prior year tax positions | 108 | |||||||||||
Increases related to current year tax positions | 1,103 | |||||||||||
Decreases related to settlements with tax authorities | (2,118 | ) | ||||||||||
Lapse of statute of limitations | (147 | ) | ||||||||||
Balance at December 31, 2012 | 5,474 | |||||||||||
Increases related to prior year tax positions (net) | 51 | |||||||||||
Increases related to current year tax positions | 2,157 | |||||||||||
Balance at December 31, 2013 | $ | 7,682 | ||||||||||
Shareholders_Equity_Tables
Shareholders' Equity (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Stockholders' Equity Note [Abstract] | ' | ||||||||||||
Schedule of the amounts recorded in the Consolidated Statements of Operations for share-based compensation | ' | ||||||||||||
The table below summarizes the amounts recorded in the Consolidated Statements of Operations for share-based compensation: | |||||||||||||
Year Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(In thousands) | |||||||||||||
Share-based compensation costs — continuing operations | $ | 11,746 | $ | 7,282 | $ | 4,540 | |||||||
Share-based compensation costs — discontinued operations | — | 269 | 371 | ||||||||||
Total share-based compensation costs included in consolidated net loss | $ | 11,746 | $ | 7,551 | $ | 4,911 | |||||||
Schedule of weighted average assumptions used to value options granted and the grant date fair value | ' | ||||||||||||
A summary of the weighted average assumptions used to value options granted and the grant date fair value follows: | |||||||||||||
Year Ended December 31, | |||||||||||||
2012 | 2011 | ||||||||||||
Expected life (in years) | 4.4 | 4.2 | |||||||||||
Risk-free interest rate | 0.63 | % | 1.34 | % | |||||||||
Expected volatility | 70 | % | 67 | % | |||||||||
Dividend yield | 0 | % | 0 | % | |||||||||
Fair value | $ | 2.13 | $ | 2.55 | |||||||||
Schedule of stock option activity | ' | ||||||||||||
A summary of stock option activity for 2013 is presented below: | |||||||||||||
Number | Weighted | Weighted | Aggregate | ||||||||||
of | Average | Average | Intrinsic | ||||||||||
Options | Exercise | Remaining | Value | ||||||||||
Price | Contractual | ||||||||||||
Term | |||||||||||||
(In Years) | |||||||||||||
(In thousands, except per share amounts or as otherwise disclosed) | |||||||||||||
Outstanding at January 1, 2013 | 8,115 | $ | 4.58 | ||||||||||
Granted | — | $ | — | ||||||||||
Exercised | (635 | ) | $ | 3.43 | |||||||||
Expired or canceled | (1,801 | ) | $ | 6 | |||||||||
Forfeited | (302 | ) | $ | 4.42 | |||||||||
Outstanding at December 31, 2013 | 5,377 | $ | 4.33 | 3.22 | $ | 3,500 | |||||||
Vested and expected to vest at December 31, 2013 | 5,336 | $ | 4.34 | 3.19 | $ | 3,469 | |||||||
Exercisable at December 31, 2013 | 4,375 | $ | 4.55 | 2.86 | $ | 2,682 | |||||||
Schedule of RSU activity | ' | ||||||||||||
A summary of RSU activity for 2013 is presented below: | |||||||||||||
Number | Weighted | ||||||||||||
of | Average | ||||||||||||
RSUs | Grant Date | ||||||||||||
Fair Value | |||||||||||||
(In thousands, except per share amounts) | |||||||||||||
Nonvested shares outstanding at January 1, 2013 | 1,685 | $ | 4.43 | ||||||||||
Granted | 3,244 | $ | 4.12 | ||||||||||
Vested | (1,770 | ) | $ | 4.29 | |||||||||
Forfeited | (410 | ) | $ | 4.06 | |||||||||
Nonvested shares outstanding at December 31, 2013 | 2,749 | $ | 4.09 | ||||||||||
Restructuring_Charges_Tables
Restructuring Charges (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
2013 Restructuring Plan | ' | |||||||||||
Restructuring Cost and Reserve [Line Items] | ' | |||||||||||
Schedule of changes in the restructuring liabilities, which are recorded in other accrued expenses | ' | |||||||||||
The changes in our 2013 Plan restructuring liabilities, which are recorded in other accrued expenses, during 2013 are as follows: | ||||||||||||
(In thousands) | ||||||||||||
Restructuring liability, as of January 1, 2013 | $ | — | ||||||||||
Restructuring charges | 13,421 | |||||||||||
Non-cash items | (137 | ) | ||||||||||
Cash paid | (5,990 | ) | ||||||||||
Foreign exchange rate changes | 160 | |||||||||||
Restructuring liability, as of December 31, 2013 | $ | 7,454 | ||||||||||
Schedule of restructuring charges by segment | ' | |||||||||||
Restructuring charges by segment are as follows: | ||||||||||||
Year ended December 31, 2013 (1) | ||||||||||||
(In thousands) | ||||||||||||
North America | $ | 660 | ||||||||||
International | 12,116 | |||||||||||
Other | 64 | |||||||||||
Corporate | 581 | |||||||||||
Total | $ | 13,421 | ||||||||||
(1) As a majority of the actions have been completed through December 31, 2013, the total charges to date approximate the total anticipated charges by segment. | ||||||||||||
2012 Restructuring Plan | ' | |||||||||||
Restructuring Cost and Reserve [Line Items] | ' | |||||||||||
Schedule of changes in the restructuring liabilities, which are recorded in other accrued expenses | ' | |||||||||||
The changes in our restructuring liabilities, which are recorded in other accrued expenses, during 2012 and 2013 are as follows: | ||||||||||||
Employee Severance and Termination | Office Closures | Total | ||||||||||
(In thousands) | ||||||||||||
Restructuring liability, as of January 1, 2012 | $ | — | $ | — | $ | — | ||||||
Restructuring charges | 6,517 | 1,464 | 7,981 | |||||||||
Non-cash items | (743 | ) | 68 | (675 | ) | |||||||
Cash paid | (2,218 | ) | — | (2,218 | ) | |||||||
Restructuring liability, as of January 1, 2013 | 3,556 | 1,532 | 5,088 | |||||||||
Restructuring charges | 370 | 3,132 | 3,502 | |||||||||
Non-cash items | — | 510 | 510 | |||||||||
Cash paid | (3,851 | ) | (2,421 | ) | (6,272 | ) | ||||||
Foreign exchange rate changes | (75 | ) | 17 | (58 | ) | |||||||
Restructuring liability, as of December 31, 2013 | $ | — | $ | 2,770 | $ | 2,770 | ||||||
Schedule of restructuring charges by segment | ' | |||||||||||
Restructuring charges by segment are as follows: | ||||||||||||
Year ended December 31, 2013 | Plan to Date (1) | |||||||||||
(In thousands) | ||||||||||||
North America | $ | 241 | $ | 1,705 | ||||||||
International | 1,306 | 7,080 | ||||||||||
Corporate (2) | 1,955 | 2,698 | ||||||||||
Total | $ | 3,502 | $ | 11,483 | ||||||||
(1) Our restructuring charges, particularly lease-related office closure costs, are subject to estimate. If we are unable to find tenants for vacated offices or sub-lease terms are different from our estimates, our actual restructuring charges will differ from our current estimates. | ||||||||||||
(2) 2012 corporate restructuring charges consist of share-based compensation expenses associated with severance for employees in our International division. Share-based compensation is not charged to operating divisions, but rather is recorded as part of our corporate expenses. 2013 corporate restructuring charges include costs for administrative facility consolidation. |
Segment_Information_Tables
Segment Information (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||
Schedule of financial information about reporting segments | ' | |||||||||||
The following presents financial information about our reporting segments: | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
(In thousands) | ||||||||||||
Revenues: | ||||||||||||
International | $ | 456,424 | $ | 434,193 | $ | 460,197 | ||||||
North America | 423,340 | 432,832 | 429,289 | |||||||||
Other | 3,357 | 3,109 | 3,510 | |||||||||
Inter-segment | (5,828 | ) | (4,537 | ) | (4,610 | ) | ||||||
Total revenues | $ | 877,293 | $ | 865,597 | $ | 888,386 | ||||||
Operating income (loss) from continuing operations: | ||||||||||||
International | $ | 23,390 | $ | 23,245 | $ | 25,583 | ||||||
North America | 33,511 | 30,169 | 12,385 | |||||||||
Other | 315 | 446 | 499 | |||||||||
Corporate expenses | (39,774 | ) | (32,005 | ) | (29,680 | ) | ||||||
Unallocated results of discontinued operations | — | (562 | ) | (1,355 | ) | |||||||
Earnings before interest, taxes, amortization and restructuring | 17,442 | 21,293 | 7,432 | |||||||||
Goodwill impairment | — | — | (16,300 | ) | ||||||||
Amortization of intangible assets | — | (644 | ) | (1,534 | ) | |||||||
Restructuring charges | (16,923 | ) | (7,981 | ) | — | |||||||
Total operating income (loss) from continuing operations | $ | 519 | $ | 12,668 | $ | (10,402 | ) | |||||
Schedule of revenue by location | ' | |||||||||||
Our revenue by location is as follows: | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
(In thousands) | ||||||||||||
Total foreign revenue (1) | $ | 464,115 | $ | 444,253 | $ | 472,263 | ||||||
Total domestic revenue (1) | $ | 413,178 | $ | 421,344 | $ | 416,123 | ||||||
Netherlands (2) | $ | 121,875 | $ | 120,325 | $ | 136,980 | ||||||
Germany (2) | $ | 111,779 | $ | 104,007 | $ | 106,588 | ||||||
(1) Represents sales to all foreign/domestic clients based on client locations. | ||||||||||||
(2) Represents revenues based on Ciber locations. | ||||||||||||
Schedule of long-lived assets by location | ' | |||||||||||
Long-lived assets by location are as follows: | ||||||||||||
December 31, | ||||||||||||
2013 | 2012 | |||||||||||
(In thousands) | ||||||||||||
Total foreign long-lived assets (1) | $ | 160,881 | $ | 156,047 | ||||||||
Total domestic long-lived assets (2) | $ | 139,365 | $ | 141,142 | ||||||||
(1) This balance includes $148.0 million and $142.9 million of goodwill as of December 31, 2013 and 2012, respectively. | ||||||||||||
(2) This balance includes $133.7 million of goodwill as of December 31, 2013 and 2012. |
Supplemental_Statement_of_Cash1
Supplemental Statement of Cash Flow Information (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Supplemental Cash Flow Elements [Abstract] | ' | |||||||||||
Schedule of supplemental statement of cash flow information | ' | |||||||||||
Supplemental statement of cash flow information is as follows: | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
(In thousands) | ||||||||||||
Cash paid for interest | $ | 1,974 | $ | 5,655 | $ | 7,272 | ||||||
Cash paid for income taxes, net | $ | 5,714 | $ | 6,182 | $ | 8,616 | ||||||
Selected_Quarterly_Financial_I1
Selected Quarterly Financial Information (Unaudited) (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Selected Quarterly Financial Information [Abstract] | ' | |||||||||||||||||||
Schedule of selected quarterly financial information (unaudited) | ' | |||||||||||||||||||
First | Second | Third | Fourth | Total | ||||||||||||||||
Quarter | Quarter | Quarter | Quarter | |||||||||||||||||
(In thousands, except per share amounts) | ||||||||||||||||||||
Year ended December 31, 2013 | ||||||||||||||||||||
Revenues | $ | 219,541 | $ | 220,395 | $ | 215,057 | $ | 222,300 | $ | 877,293 | ||||||||||
Gross profit | 55,226 | 56,038 | 54,062 | 57,731 | 223,057 | |||||||||||||||
Operating income (loss) from continuing operations | 4,786 | 5,035 | (13,469 | ) | 4,167 | 519 | ||||||||||||||
Net income (loss) from continuing operations | 1,449 | 2,935 | (13,513 | ) | 1,522 | (7,607 | ) | |||||||||||||
Income (loss) from discontinued operations, net of income tax | 18 | (4,555 | ) | (952 | ) | (1,435 | ) | (6,924 | ) | |||||||||||
Net income (loss) attributable to Ciber, Inc. | 1,613 | (1,766 | ) | (14,469 | ) | 102 | (14,520 | ) | ||||||||||||
Basic and diluted earnings (loss) per share attributable to Ciber, Inc.: | ||||||||||||||||||||
Continuing operations | $ | 0.02 | $ | 0.04 | $ | (0.18 | ) | $ | 0.02 | $ | (0.10 | ) | ||||||||
Discontinued operations | — | (0.06 | ) | (0.01 | ) | (0.02 | ) | (0.09 | ) | |||||||||||
Basic and diluted earnings (loss) per share attributable to Ciber, Inc. | $ | 0.02 | $ | (0.02 | ) | $ | (0.19 | ) | $ | — | $ | (0.19 | ) | |||||||
Year Ended December 31, 2012 | ||||||||||||||||||||
Revenues | $ | 218,580 | $ | 216,264 | $ | 211,216 | $ | 219,537 | $ | 865,597 | ||||||||||
Gross profit | 55,326 | 57,514 | 53,420 | 57,218 | 223,478 | |||||||||||||||
Operating income (loss) from continuing operations | 7,094 | 4,650 | 4,297 | (3,373 | ) | 12,668 | ||||||||||||||
Net income (loss) from continuing operations | 1,286 | 422 | 195 | (5,976 | ) | (4,073 | ) | |||||||||||||
Loss from discontinued operations, net of income tax | (83 | ) | (297 | ) | (9,510 | ) | (119 | ) | (10,009 | ) | ||||||||||
Net income (loss) attributable to Ciber, Inc. | 1,143 | (81 | ) | (9,449 | ) | (6,240 | ) | (14,627 | ) | |||||||||||
Basic and diluted earnings (loss) per share attributable to Ciber, Inc.: | ||||||||||||||||||||
Continuing operations | $ | 0.02 | $ | — | $ | — | $ | (0.08 | ) | $ | (0.06 | ) | ||||||||
Discontinued operations | — | — | (0.13 | ) | — | (0.14 | ) | |||||||||||||
Basic and diluted earnings (loss) per share attributable to Ciber, Inc. | $ | 0.02 | $ | — | $ | (0.13 | ) | $ | (0.08 | ) | $ | (0.20 | ) | |||||||
Summary_of_Significant_Account3
Summary of Significant Accounting Policies (Details) (USD $) | 1 Months Ended | 3 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
revenue_source | |||||
Principles of Consolidation | ' | ' | ' | ' | ' |
Cash paid for purchase of noncontrolling interests in foreign subsidiaries | $7,300 | $800 | $800 | $0 | $0 |
Revenue Recognition | ' | ' | ' | ' | ' |
Number of primary sources of revenue from consulting services | ' | ' | 3 | ' | ' |
Expected period for collection of unbilled accounts receivable | ' | ' | '1 year | ' | ' |
Summary_of_Significant_Account4
Summary of Significant Accounting Policies (Details 2) | 12 Months Ended |
Dec. 31, 2013 | |
Minimum | ' |
Property, Plant and Equipment [Line Items] | ' |
Estimated useful lives | '3 years |
Maximum | ' |
Property, Plant and Equipment [Line Items] | ' |
Estimated useful lives | '7 years |
Summary_of_Significant_Account5
Summary of Significant Accounting Policies (Details 3) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Accumulated other comprehensive income (loss) | ' | ' |
Balance at the end of the period | $3,096 | $208 |
Foreign Currency Translation | ' | ' |
Accumulated other comprehensive income (loss) | ' | ' |
Balance at the beginning of the period | 208 | -7,006 |
Amount reclassified from accumulated other comprehensive income | 1,008 | ' |
Change in foreign currency translation | 1,880 | 7,214 |
Balance at the end of the period | $3,096 | $208 |
Discontinued_Operations_Narrat
Discontinued Operations (Narrative) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loss from discontinued operations, net of income tax | ($1,435) | ($952) | ($4,555) | $18 | ($119) | ($9,510) | ($297) | ($83) | ($6,924) | ($10,009) | ($14,881) |
Reclassification out of Accumulated Other Comprehensive Income | Foreign Currency Translation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loss from discontinued operations, net of income tax | $1,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Discontinued_Operations_Detail
Discontinued Operations (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Discontinued Operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill impairment | ' | ' | ' | ' | ' | ' | ' | ' | $0 | $0 | $16,300 |
Total loss from discontinued operations, net of income taxes | -1,435 | -952 | -4,555 | 18 | -119 | -9,510 | -297 | -83 | -6,924 | -10,009 | -14,881 |
Russia, Federal division and IT Outsourcing Practice | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Discontinued Operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total revenues | ' | ' | ' | ' | ' | ' | ' | ' | 5,424 | 90,777 | 196,245 |
Operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | 11,177 | 93,319 | 190,039 |
Goodwill impairment | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 27,400 |
Operating loss from discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | -5,753 | -2,542 | -21,194 |
Interest and other expense | ' | ' | ' | ' | ' | ' | ' | ' | 1,008 | 90 | 334 |
Loss from discontinued operations before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -6,761 | -2,632 | -21,528 |
Income tax expense (benefit) | ' | ' | ' | ' | ' | ' | ' | ' | 211 | 808 | -6,647 |
Loss from discontinued operations, net of taxes | ' | ' | ' | ' | ' | ' | ' | ' | -6,972 | -3,440 | -14,881 |
Gain (loss) on sale | ' | ' | ' | ' | ' | ' | ' | ' | 48 | -7,256 | 0 |
Income tax benefit | ' | ' | ' | ' | ' | ' | ' | ' | 0 | -687 | 0 |
Gain (loss) on sale, net of income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 48 | -6,569 | 0 |
Total loss from discontinued operations, net of income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ($6,924) | ($10,009) | ($14,881) |
Acquisition_Consideration_Deta
Acquisition Consideration (Details) (USD $) | 0 Months Ended | 12 Months Ended | |
31-May-13 | Dec. 31, 2013 | Dec. 31, 2011 | |
Segmenta | Contingent consideration | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' |
Acquisition-related contingent consideration | ' | ' | $10,000,000 |
Additional consideration | 7,100,000 | 7,065,000 | 2,080,000 |
2008 acquisition | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' |
Additional consideration | ' | ' | $900,000 |
Acquisition_Consideration_Deta1
Acquisition Consideration (Details 2) (USD $) | 0 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | 31-May-13 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Contingent consideration | ' | ' | ' | ' |
Change in fair value of acquisition-related contingent consideration | ' | $0 | $0 | $3,222 |
Segmenta | Contingent consideration | ' | ' | ' | ' |
Contingent consideration | ' | ' | ' | ' |
Balance at the beginning of the period | ' | 6,986 | 6,476 | 5,062 |
Change in fair value of acquisition-related contingent consideration | ' | ' | ' | 3,222 |
Interest expense accretion | ' | 176 | 396 | 676 |
Payments | -7,100 | -7,065 | ' | -2,080 |
Foreign exchange rate changes | ' | -97 | 114 | -404 |
Balance at the end of the period | ' | $0 | $6,986 | $6,476 |
Loss_Per_Share_Details
Loss Per Share (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Share data in Millions, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Loss Per Share. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
NET LOSS FROM CONTINUING OPERATIONS | $1,522 | ($13,513) | $2,935 | $1,449 | ($5,976) | $195 | $422 | $1,286 | ($7,607) | ($4,073) | ($52,351) |
Net income (loss) attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | -11 | 545 | 29 |
Net loss attributable to Ciber, Inc. from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | -7,596 | -4,618 | -52,380 |
Loss from discontinued operations, net of income tax | -1,435 | -952 | -4,555 | 18 | -119 | -9,510 | -297 | -83 | -6,924 | -10,009 | -14,881 |
NET LOSS ATTRIBUTABLE TO CIBER, INC. | $102 | ($14,469) | ($1,766) | $1,613 | ($6,240) | ($9,449) | ($81) | $1,143 | ($14,520) | ($14,627) | ($67,261) |
Anti-dilutive securities omitted from the calculation (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | 6.1 | 9 | 8.2 |
Accounts_Receivable_Details
Accounts Receivable (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Accounts receivable | ' | ' | ' |
Billed accounts receivable | $153,011 | $154,484 | ' |
Unbilled - scheduled billings | 29,993 | 31,258 | ' |
Costs and estimated earnings in excess of billings | 8,713 | 16,267 | ' |
Accounts receivable, gross | 191,717 | 202,009 | ' |
Less allowance for doubtful accounts | -2,335 | -1,752 | -1,422 |
Accounts receivable, net | 189,382 | 200,257 | ' |
Activity in the allowance for doubtful accounts | ' | ' | ' |
Balance at beginning of period | 1,752 | 1,422 | 7,367 |
Additions Charge to cost and expense | 1,813 | 825 | 337 |
Deductions Write-offs | -1,312 | -580 | -6,280 |
Effect of foreign exchange rate changes | 82 | 85 | -2 |
Balance at end of period | $2,335 | $1,752 | $1,422 |
Property_and_Equipment_Details
Property and Equipment (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | $61,423 | $61,542 |
Less accumulated depreciation | -48,500 | -47,859 |
Property and equipment, net | 12,923 | 13,683 |
Computer equipment and software | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 44,403 | 44,059 |
Furniture and fixtures | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 9,525 | 9,051 |
Leasehold improvements and other | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | $7,495 | $8,432 |
Goodwill_Details
Goodwill (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Changes in the carrying amount of goodwill | ' | ' |
Balance at the beginning of the period | $276,599 | $275,504 |
Amount allocated to discontinued operations | ' | -3,200 |
Effect of foreign exchange rate changes | 4,359 | 4,295 |
Other | 756 | ' |
Balance at the end of the period | 281,714 | 276,599 |
International | ' | ' |
Changes in the carrying amount of goodwill | ' | ' |
Balance at the beginning of the period | 142,918 | 139,723 |
Amount allocated to discontinued operations | ' | -1,100 |
Effect of foreign exchange rate changes | 4,359 | 4,295 |
Other | 756 | ' |
Balance at the end of the period | 148,033 | 142,918 |
North America | ' | ' |
Changes in the carrying amount of goodwill | ' | ' |
Balance at the beginning of the period | 133,681 | 135,781 |
Amount allocated to discontinued operations | ' | -2,100 |
Effect of foreign exchange rate changes | 0 | 0 |
Other | 0 | ' |
Balance at the end of the period | $133,681 | $133,681 |
Goodwill_Details_2
Goodwill (Details 2) (USD $) | 6 Months Ended | 12 Months Ended | 3 Months Ended | 6 Months Ended | ||||||
In Thousands, unless otherwise specified | Jun. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2011 | Dec. 31, 2011 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 |
Federal division | IT outsourcing division | International | North America | Weighted Average Cost of Capital | Weighted Average Cost of Capital | |||||
International | North America | |||||||||
Goodwill [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Discrete forecast period | '5 years | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Annual average revenue growth rate | 4.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Projected growth rates after discrete forecast period | 3.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average cost of capital | ' | ' | ' | ' | ' | ' | ' | ' | 13.00% | 14.50% |
Enterprise value/revenue multiples | ' | ' | ' | ' | ' | ' | 0.3 | 0.35 | ' | ' |
Enterprise value/EBITDA multiples | ' | ' | ' | ' | ' | ' | 5.5 | 5 | ' | ' |
Control premium | 35.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of excess of fair value of goodwill over carrying value | ' | ' | ' | ' | ' | ' | 16.00% | 19.00% | ' | ' |
Goodwill impairment | ' | $0 | $0 | $16,300 | $27,400 | $16,300 | ' | ' | ' | ' |
Operating_Leases_Details
Operating Leases (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Leases, Operating [Abstract] | ' | ' | ' |
Expense for operating leases | $25,400,000 | $29,700,000 | $28,200,000 |
Future minimum operating lease payments | ' | ' | ' |
2014 | 22,184,000 | ' | ' |
2015 | 15,729,000 | ' | ' |
2016 | 12,087,000 | ' | ' |
2017 | 8,113,000 | ' | ' |
2018 | 6,510,000 | ' | ' |
Thereafter | 3,575,000 | ' | ' |
Total future minimum operating lease payments | $68,198,000 | ' | ' |
Borrowings_Details
Borrowings (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 |
Revolving credit facilities | Revolving credit facilities | Revolving credit facilities | Revolving credit facilities | Revolving credit facilities | Revolving credit facilities | Revolving credit facilities | Revolving credit facilities | Revolving credit facilities | Revolving credit facilities | Revolving credit facilities | Revolving credit facilities | Revolving credit facilities | Revolving credit facilities | Revolving credit facilities | Revolving credit facilities | Revolving credit facilities | Revolving credit facilities | Revolving credit facilities | Term loans | Term loans | |||
Minimum | Maximum | U.S. | U.S. | U.S. | U.S. | U.S. | U.S. | U.S. | U.S. | U.S. | U.S. | U.S. | U.S. | Foreign | Foreign | Foreign | |||||||
LIBOR | LIBOR | LIBOR | Federal Funds Rate | Wells Fargo Prime rate | Wells Fargo Prime rate | Wells Fargo Prime rate | Wells Fargo Default Covenant | Wells Fargo Default Covenant | Wells Fargo Default Covenant | Wells Fargo Default Covenant Cure | Wells Fargo Default Covenant Cure | LIBOR | LIBOR | LIBOR | |||||||||
Minimum | Maximum | Minimum | Maximum | Maximum | Consecutive Days | Consecutive Days | Minimum | Minimum | Maximum | ||||||||||||||
Maximum | |||||||||||||||||||||||
Borrowings | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maximum borrowing capacity | ' | ' | $60,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Available borrowing base | ' | ' | 56,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Bank debt | ' | ' | 0 | 19,775,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 6,250,000 |
Debt outstanding | 53,000 | 26,127,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Term Loan, face | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,500,000 | ' |
Percentage points added to the reference rate | ' | ' | ' | ' | ' | ' | 1.00% | 2.25% | 2.75% | 0.50% | ' | 1.25% | 1.75% | ' | ' | ' | ' | ' | ' | 2.25% | 2.75% | ' | ' |
Variable interest rate base | ' | ' | ' | ' | ' | ' | 'LIBOR | ' | ' | 'Federal Funds Rate | 'prime rate | ' | ' | ' | ' | ' | ' | ' | 'LIBOR | ' | ' | ' | ' |
Unused line fee | ' | ' | ' | ' | 0.38% | 0.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average interest rate | ' | ' | 3.33% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of facility available for borrowing | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25.00% | ' | 30.00% | ' | 30.00% | ' | ' | ' | ' | ' |
Available borrowing capacity under credit facility | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,000,000 | ' | 18,000,000 | ' | 18,000,000 | ' | ' | ' | ' | ' |
Number of consecutive days during which the entity has to maintain certain covenants | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '5 days | ' | '30 days | ' | ' | ' | ' | ' | ' |
Unamortized debt fees | ' | ' | $1,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Borrowings_Details_2
Borrowings (Details 2) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Long-term debt | ' | ' |
Bank debt and capital lease obligations | $53 | $26,127 |
Less current portion | 53 | 6,337 |
Long-term debt | 0 | 19,790 |
Bank debt | ' | ' |
Long-term debt | ' | ' |
Bank debt | 0 | 26,025 |
Revolving credit facilities | ' | ' |
Long-term debt | ' | ' |
Bank debt | 0 | 19,775 |
Term loans | ' | ' |
Long-term debt | ' | ' |
Bank debt | 0 | 6,250 |
Capital lease obligations | ' | ' |
Long-term debt | ' | ' |
Bank debt and capital lease obligations | $53 | $102 |
Other_Expense_Details
Other Expense (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Component of Other Income (Expense) Nonoperating [Line Items] | ' | ' | ' |
Other expense, net | ($16) | ($359) | ($2,540) |
Foreign exchange gains (losses), net | ' | ' | ' |
Component of Other Income (Expense) Nonoperating [Line Items] | ' | ' | ' |
Other expense, net | -16 | -462 | 613 |
Change in fair value of acquisition-related contingent consideration | ' | ' | ' |
Component of Other Income (Expense) Nonoperating [Line Items] | ' | ' | ' |
Other expense, net | 0 | 0 | -3,222 |
Other | ' | ' | ' |
Component of Other Income (Expense) Nonoperating [Line Items] | ' | ' | ' |
Other expense, net | $0 | $103 | $69 |
Income_Taxes_Details
Income Taxes (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Current: | ' | ' | ' |
Federal | ($496) | $36 | ($1,054) |
State and local | 70 | 280 | 250 |
Foreign | 4,148 | 5,816 | 6,224 |
Total current income tax expense (benefit) | 3,722 | 6,132 | 5,420 |
Deferred: | ' | ' | ' |
Federal | 3,396 | 4,528 | 22,713 |
State and local | 611 | 647 | 3,247 |
Foreign | -1,301 | -283 | 940 |
Total deferred income tax expense (benefit) | 2,706 | 4,892 | 26,900 |
Income tax expense | 6,428 | 11,024 | 32,320 |
U.S. and foreign income (loss) from continuing operations before income taxes | ' | ' | ' |
United States | -3,487 | -5,058 | -49,104 |
Foreign | 2,308 | 12,009 | 29,073 |
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | -1,179 | 6,951 | -20,031 |
Reconciliation of income tax expense (benefit) to amounts computed by applying the statutory U.S. Federal income tax rate to income (loss) before income taxes | ' | ' | ' |
Income tax expense (benefit) at the federal statutory rate of 35% | -413 | 2,433 | -7,011 |
Federal statutory rate (as a percent) | 35.00% | 35.00% | 35.00% |
Increase (decrease) resulting from: | ' | ' | ' |
State income taxes, net of federal income tax benefit | 443 | 927 | 3,497 |
Non-deductible other costs | 1,329 | 1,678 | 1,489 |
Goodwill impairment | 0 | 0 | 1,811 |
Valuation allowance | 6,752 | 8,039 | 27,028 |
Foreign cash repatriation | -2,783 | 0 | 10,500 |
Impact of foreign tax | -1,002 | -2,347 | -3,425 |
Provision for uncertain tax position | 2,208 | 1,064 | -880 |
Other | -106 | -770 | -689 |
Income tax expense | 6,428 | 11,024 | 32,320 |
Deferred tax assets: | ' | ' | ' |
Accrued expenses | 9,904 | 9,637 | ' |
Federal tax credit carryforwards | 15,837 | 6,884 | ' |
U.S. net operating loss (NOL) carryforwards | 13,206 | 15,967 | ' |
Foreign NOL carryforwards | 7,500 | 10,198 | ' |
Other | 6,445 | 4,154 | ' |
Total gross deferred tax assets | 52,892 | 46,840 | ' |
Less valuation allowance | -51,160 | -44,296 | ' |
Deferred tax assets, net | 1,732 | 2,544 | ' |
Deferred tax liabilities: | ' | ' | ' |
Goodwill | -23,914 | -19,906 | ' |
Other | -883 | -2,937 | ' |
Total gross deferred tax liabilities | -24,797 | -22,843 | ' |
Net deferred tax liability | -23,065 | -20,299 | ' |
Balance sheet classification of deferred taxes: | ' | ' | ' |
Deferred tax asset b current | 818 | 1,890 | ' |
Deferred tax asset b long-term | 913 | 122 | ' |
Deferred tax liability b current | -886 | -463 | ' |
Deferred tax liability b long-term | ($23,910) | ($21,848) | ' |
Income_Taxes_Details_2
Income Taxes (Details 2) (USD $) | 3 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | ||
Jun. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Jan. 31, 2012 | Dec. 31, 2013 | |
Federal | Foreign | Foreign | ||||
Income Taxes | ' | ' | ' | ' | ' | ' |
Non-cash charge recorded to provide a valuation allowance for all domestic deferred tax assets | $29,100,000 | ' | ' | ' | ' | ' |
Deferred tax asset, valuation allowance | ' | 51,160,000 | 44,296,000 | ' | ' | ' |
NOL | ' | ' | ' | 34,000,000 | ' | 30,000,000 |
Tax credit carryforward | ' | ' | ' | 19,000,000 | ' | ' |
Annual usage limitation on NOL | ' | ' | ' | 2,000,000 | ' | ' |
Percentage of NOL carryforwards which may expire | ' | ' | ' | ' | ' | 21.00% |
Amount of foreign cash repatriated | ' | ' | ' | ' | 30,000,000 | ' |
Undistributed earnings and profits of foreign subsidiaries that would be subject to U.S. taxes | ' | 69,000,000 | ' | ' | ' | ' |
Unrecognized tax benefits | ' | 7,682,000 | 5,474,000 | ' | ' | ' |
Changes in the balance of the entity's unrecognized tax benefits | ' | ' | ' | ' | ' | ' |
Balance at the beginning of the period | ' | 5,474,000 | 6,528,000 | ' | ' | ' |
Increases related to prior year tax positions | ' | 51,000 | 108,000 | ' | ' | ' |
Increases related to current year tax positions | ' | 2,157,000 | 1,103,000 | ' | ' | ' |
Decreases related to settlements with tax authorities | ' | ' | -2,118,000 | ' | ' | ' |
Lapse of statute of limitations | ' | ' | -147,000 | ' | ' | ' |
Balance at the end of the period | ' | $7,682,000 | $5,474,000 | ' | ' | ' |
Income_Taxes_Details_3
Income Taxes (Details 3) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Tax Disclosure [Abstract] | ' | ' | ' |
United States | $3,581 | $5,491 | $25,156 |
Foreign | 2,847 | 5,533 | 7,164 |
Income tax expense | $6,428 | $11,024 | $32,320 |
401k_Savings_Plan_Details
401(k) Savings Plan (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Compensation and Retirement Disclosure [Abstract] | ' | ' | ' |
Matching contribution vesting period | '6 years | ' | ' |
Plan expense | $1.30 | $1 | $1 |
Shareholders_Equity_Details
Shareholders' Equity (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Total share-based compensation costs included in consolidated net loss (in dollars) | $11,746,000 | $7,551,000 | $4,911,000 |
Weighted Average Grant Date Fair Value | ' | ' | ' |
Common stock reserved for share-based awards outstanding and available future grants | 16,305,984 | ' | ' |
Continuing operations | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Total share-based compensation costs included in consolidated net loss (in dollars) | 11,746,000 | 7,282,000 | 4,540,000 |
Discontinued operations | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Total share-based compensation costs included in consolidated net loss (in dollars) | 0 | 269,000 | 371,000 |
Non-employee directors | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Total share-based compensation costs included in consolidated net loss (in dollars) | 558,000 | 517,000 | 349,000 |
RSUs | ' | ' | ' |
Number of RSUs | ' | ' | ' |
Nonvested shares outstanding at the beginning of the period (in shares) | 1,685,000 | ' | ' |
Granted (in shares) | 3,244,000 | ' | ' |
Vested (in shares) | -1,770,000 | ' | ' |
Forfeited (in shares) | -410,000 | ' | ' |
Nonvested shares outstanding at the end of the period (in shares) | 2,749,000 | 1,685,000 | ' |
Weighted Average Grant Date Fair Value | ' | ' | ' |
Nonvested shares outstanding at the beginning of the period (in dollars per share) | $4.43 | ' | ' |
Granted (in dollars per share) | $4.12 | ' | ' |
Vested (in dollars per share) | $4.29 | ' | ' |
Forfeited (in dollars per share) | $4.06 | ' | ' |
Nonvested shares outstanding at the end of the period (in dollars per share) | $4.09 | $4.43 | ' |
Total fair value (in dollars) | 6,800,000 | 2,900,000 | 2,800,000 |
Total unrecognized compensation cost (in dollars) | 9,300,000 | ' | ' |
Weighted average period for recognition of unrecognized stock-based compensation expense | '2 years 0 months 4 days | ' | ' |
RSUs | Minimum | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Vesting period | '1 year | ' | ' |
RSUs | Maximum | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Vesting period | '3 years | ' | ' |
RSUs | Non-employee directors | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Value of common stock granted initial grant | 100,000 | ' | ' |
Value of common stock granted annual grant | 100,000 | ' | ' |
RSUs | Non-employee directors | Initial grant | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Vesting period | '3 years | ' | ' |
RSUs | Non-employee directors | Annual grant | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Vesting period | '1 year | ' | ' |
Stock option | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Contractual terms | '10 years | ' | ' |
Weighted average assumptions used to value options granted and the grant date fair value | ' | ' | ' |
Expected life (in years) | ' | '4 years 4 months 24 days | '4 years 2 months 12 days |
Risk-free interest rate | ' | 0.63% | 1.34% |
Expected volatility | ' | 70.00% | 67.00% |
Dividend yield | ' | 0.00% | 0.00% |
Fair value | ' | $2.13 | $2.55 |
Number of Options | ' | ' | ' |
Outstanding at the beginning of the period (in shares) | 8,115,000 | ' | ' |
Granted (in shares) | 0 | ' | ' |
Exercised (in shares) | -635,000 | ' | ' |
Expired or cancelled (in shares) | -1,801,000 | ' | ' |
Forfeited (in shares) | -302,000 | ' | ' |
Outstanding at the end of the period (in shares) | 5,377,000 | 8,115,000 | ' |
Vested and expected to vest at the end of the period (in shares) | 5,336,000 | ' | ' |
Exercisable at the end of the period (in shares) | 4,375,000 | ' | ' |
Weighted Average Exercise Price | ' | ' | ' |
Outstanding at the beginning of the period (in dollars per share) | $4.58 | ' | ' |
Granted (in dollars per share) | $0 | ' | ' |
Exercised (in dollars per share) | $3.43 | ' | ' |
Expired or canceled (in dollars per share) | $6 | ' | ' |
Forfeited (in dollars per share) | $4.42 | ' | ' |
Outstanding at the end of the period (in dollars per share) | $4.33 | $4.58 | ' |
Vested and expected to vest at the end of the period (in dollars per share) | $4.34 | ' | ' |
Exercisable at the end of the period (in dollars per share) | $4.55 | ' | ' |
Weighted Average Remaining Contractual Term | ' | ' | ' |
Outstanding at the end of the period | '3 years 2 months 19 days | ' | ' |
Vested and expected to vest at the end of the period | '3 years 2 months 9 days | ' | ' |
Exercisable at the end of the period | '2 years 10 months 10 days | ' | ' |
Aggregate Intrinsic Value | ' | ' | ' |
Outstanding at the end of the period | 3,500,000 | ' | ' |
Vested and expected to vest at the end of period | 3,469,000 | ' | ' |
Exercisable at the end of the period | 2,682,000 | ' | ' |
Total intrinsic value of options exercised | 500,000 | 300,000 | 2,100,000 |
Stock option | Maximum | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Contractual terms | '10 years | ' | ' |
2004 Plan | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Number of shares of common stock authorized for issuance | 20,350,000 | ' | ' |
Number of share available for future grants | 8,180,639 | ' | ' |
2004 Plan | Stock option | Minimum | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Contractual terms | '4 years | ' | ' |
Contractual terms for awards granted during last three fiscal years | '5 years | ' | ' |
2004 Plan | Stock option | Maximum | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Contractual terms | '10 years | ' | ' |
Expiration term | '10 years | ' | ' |
Contractual terms for awards granted during last three fiscal years | '7 years | ' | ' |
ESPP | ' | ' | ' |
Weighted Average Grant Date Fair Value | ' | ' | ' |
Contribution of compensation by the employees per calendar year, percentage | 10.00% | ' | ' |
Contribution of compensation by the employees per calendar year | $10,000 | ' | ' |
Percentage of the discount fair market value of common stock | 95.00% | ' | ' |
Offering period | '3 months | ' | ' |
Number of shares issued | 206,000 | 281,000 | 442,000 |
Shareholders_Equity_Details_2
Shareholders' Equity (Details 2) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Sep. 21, 1998 | 2-May-08 | 2-May-08 |
registration_statement | Preferred stock purchase right | Amended Rights Agreement | Amended Rights Agreement | ||
Series A Junior Participating Preferred Stock | |||||
Shelf Registration Statements on Form S-4 | ' | ' | ' | ' | ' |
Number of effective registration statements | 2 | ' | ' | ' | ' |
Remaining shares available for issuance under registration statement | 13,469,000 | ' | ' | ' | ' |
Stock Purchase Rights | ' | ' | ' | ' | ' |
Preferred stock purchase right issued as dividend | ' | ' | 1 | ' | ' |
Number of rights held by the shareholders for each share of common stock | ' | ' | ' | 1 | ' |
Minimum percentage of beneficial ownership interest in the entity's common stock to be acquired by a party for the Rights to be exercisable | ' | ' | ' | 15.00% | ' |
Fraction of a share of Series A Junior Participating Preferred Stock that could be purchased for each Right | ' | ' | ' | ' | $0.00 |
Par value (in dollars per share) | $0.01 | $0.01 | ' | ' | $0.01 |
Purchase price per one one-thousandth of a share of Series A Junior Participating Preferred Stock (in dollars per share) | ' | ' | ' | ' | $37 |
Minimum percentage of consolidated assets, cash flow or earning power to be sold for the Rights to be exercisable | ' | ' | ' | 50.00% | ' |
Redemption price (in dollars per share) | ' | ' | ' | ' | $0.00 |
Restructuring_Charges_Details
Restructuring Charges (Details) (USD $) | 12 Months Ended | |||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||
Changes in restructuring liabilities, recorded in other accrued expenses | ' | ' | ' | |
Restructuring charges | $16,923,000 | $7,981,000 | $0 | |
2013 Restructuring Plan | ' | ' | ' | |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | |
Number of employees impacted | 250 | ' | ' | |
Total Anticipated Charges | 13,000,000 | ' | ' | |
Changes in restructuring liabilities, recorded in other accrued expenses | ' | ' | ' | |
Restructuring liability at the beginning of period | 0 | ' | ' | |
Restructuring charges | 13,421,000 | [1] | ' | ' |
Non-cash items | -137,000 | ' | ' | |
Cash paid | -5,990,000 | ' | ' | |
Foreign exchange rate changes | 160,000 | ' | ' | |
Restructuring liability at the end of period | 7,454,000 | ' | ' | |
2013 Restructuring Plan | North America | ' | ' | ' | |
Changes in restructuring liabilities, recorded in other accrued expenses | ' | ' | ' | |
Restructuring charges | 660,000 | [1] | ' | ' |
2013 Restructuring Plan | International | ' | ' | ' | |
Changes in restructuring liabilities, recorded in other accrued expenses | ' | ' | ' | |
Restructuring charges | 12,116,000 | [1] | ' | ' |
2013 Restructuring Plan | Other | ' | ' | ' | |
Changes in restructuring liabilities, recorded in other accrued expenses | ' | ' | ' | |
Restructuring charges | 64,000 | [1] | ' | ' |
2013 Restructuring Plan | Corporate | ' | ' | ' | |
Changes in restructuring liabilities, recorded in other accrued expenses | ' | ' | ' | |
Restructuring charges | 581,000 | [1] | ' | ' |
2012 Restructuring Plan | ' | ' | ' | |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | |
Restructuring charges incurred to date | 11,483,000 | [2] | ' | ' |
Total estimated non-cash restructuring charges | 1,000,000 | ' | ' | |
Changes in restructuring liabilities, recorded in other accrued expenses | ' | ' | ' | |
Restructuring liability at the beginning of period | 5,088,000 | 0 | ' | |
Restructuring charges | 3,502,000 | 7,981,000 | ' | |
Non-cash items | 510,000 | -675,000 | ' | |
Cash paid | -6,272,000 | -2,218,000 | ' | |
Foreign exchange rate changes | -58,000 | ' | ' | |
Restructuring liability at the end of period | 2,770,000 | 5,088,000 | ' | |
2012 Restructuring Plan | North America | ' | ' | ' | |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | |
Restructuring charges incurred to date | 1,705,000 | [2] | ' | ' |
Changes in restructuring liabilities, recorded in other accrued expenses | ' | ' | ' | |
Restructuring charges | 241,000 | ' | ' | |
2012 Restructuring Plan | International | ' | ' | ' | |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | |
Restructuring charges incurred to date | 7,080,000 | [2] | ' | ' |
Changes in restructuring liabilities, recorded in other accrued expenses | ' | ' | ' | |
Restructuring charges | 1,306,000 | ' | ' | |
2012 Restructuring Plan | Corporate | ' | ' | ' | |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | |
Restructuring charges incurred to date | 2,698,000 | [2],[3] | ' | ' |
Changes in restructuring liabilities, recorded in other accrued expenses | ' | ' | ' | |
Restructuring charges | 1,955,000 | [3] | ' | ' |
2012 Restructuring Plan | Employee Severance and Termination | ' | ' | ' | |
Changes in restructuring liabilities, recorded in other accrued expenses | ' | ' | ' | |
Restructuring liability at the beginning of period | 3,556,000 | 0 | ' | |
Restructuring charges | 370,000 | 6,517,000 | ' | |
Non-cash items | 0 | -743,000 | ' | |
Cash paid | -3,851,000 | -2,218,000 | ' | |
Foreign exchange rate changes | -75,000 | ' | ' | |
Restructuring liability at the end of period | 0 | 3,556,000 | ' | |
2012 Restructuring Plan | Employee Severance and Termination | International | ' | ' | ' | |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | |
Restructuring charges incurred to date | 7,000,000 | ' | ' | |
2012 Restructuring Plan | Office Closures | ' | ' | ' | |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | |
Number of offices closed | 17 | ' | ' | |
Changes in restructuring liabilities, recorded in other accrued expenses | ' | ' | ' | |
Restructuring liability at the beginning of period | 1,532,000 | 0 | ' | |
Restructuring charges | 3,132,000 | 1,464,000 | ' | |
Non-cash items | 510,000 | 68,000 | ' | |
Cash paid | -2,421,000 | 0 | ' | |
Foreign exchange rate changes | 17,000 | ' | ' | |
Restructuring liability at the end of period | 2,770,000 | 1,532,000 | ' | |
2012 Restructuring Plan | Office Closures | International | ' | ' | ' | |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | |
Restructuring charges incurred to date | $4,000,000 | ' | ' | |
[1] | As a majority of the actions have been completed through December 31, 2013, the total charges to date approximate the total anticipated charges by segment. | |||
[2] | Our restructuring charges, particularly lease-related office closure costs, are subject to estimate. If we are unable to find tenants for vacated offices or sub-lease terms are different from our estimates, our actual restructuring charges will differ from our current estimates. | |||
[3] | 2012 corporate restructuring charges consist of share-based compensation expenses associated with severance for employees in our International division. Share-based compensation is not charged to operating divisions, but rather is recorded as part of our corporate expenses. 2013 corporate restructuring charges include costs for administrative facility consolidation. (1) As a majority of the actions have been completed through December 31, 2013, the total charges to date approximate the total anticipated charges by segment. |
Segment_Information_Details
Segment Information (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||||
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Total revenues | $222,300,000 | $215,057,000 | $220,395,000 | $219,541,000 | $219,537,000 | $211,216,000 | $216,264,000 | $218,580,000 | $877,293,000 | $865,597,000 | $888,386,000 | |||||
Goodwill impairment | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | -16,300,000 | |||||
Amortization of intangible assets | ' | ' | ' | ' | ' | ' | ' | ' | 0 | -644,000 | -1,534,000 | |||||
Restructuring charges | ' | ' | ' | ' | ' | ' | ' | ' | -16,923,000 | -7,981,000 | 0 | |||||
OPERATING INCOME (LOSS) FROM CONTINUING OPERATIONS | 4,167,000 | -13,469,000 | 5,035,000 | 4,786,000 | -3,373,000 | 4,297,000 | 4,650,000 | 7,094,000 | 519,000 | 12,668,000 | -10,402,000 | |||||
Foreign | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Total revenues | ' | ' | ' | ' | ' | ' | ' | ' | 464,115,000 | [1] | 444,253,000 | [1] | 472,263,000 | [1] | ||
Long -lived assets by location | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Total foreign long-lived assets | 160,881,000 | [2] | ' | ' | ' | 156,047,000 | [2] | ' | ' | ' | 160,881,000 | [2] | 156,047,000 | [2] | ' | |
Goodwill and other intangible assets | 148,000,000 | ' | ' | ' | 142,900,000 | ' | ' | ' | 148,000,000 | 142,900,000 | ' | |||||
Domestic | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Total revenues | ' | ' | ' | ' | ' | ' | ' | ' | 413,178,000 | [1] | 421,344,000 | [1] | 416,123,000 | [1] | ||
Long -lived assets by location | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Total foreign long-lived assets | 139,365,000 | [3] | ' | ' | ' | 141,142,000 | [3] | ' | ' | ' | 139,365,000 | [3] | 141,142,000 | [3] | ' | |
Goodwill and other intangible assets | 133,700,000 | ' | ' | ' | 133,700,000 | ' | ' | ' | 133,700,000 | 133,700,000 | ' | |||||
Netherlands | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Total revenues | ' | ' | ' | ' | ' | ' | ' | ' | 121,875,000 | [4] | 120,325,000 | [4] | 136,980,000 | [4] | ||
Germany | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Total revenues | ' | ' | ' | ' | ' | ' | ' | ' | 111,779,000 | [4] | 104,007,000 | [4] | 106,588,000 | [4] | ||
Consolidated revenue | Customer concentration risk | Netherlands | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Concentration risk percentage | ' | ' | ' | ' | ' | ' | ' | ' | 14.00% | ' | ' | |||||
Consolidated revenue | Customer concentration risk | Germany | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Concentration risk percentage | ' | ' | ' | ' | ' | ' | ' | ' | 13.00% | ' | ' | |||||
Long-lived assets | Geographic concentration risk | Domestic | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Concentration risk percentage | ' | ' | ' | ' | ' | ' | ' | ' | 10.00% | ' | ' | |||||
Operating segments | International | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Total revenues | ' | ' | ' | ' | ' | ' | ' | ' | 456,424,000 | 434,193,000 | 460,197,000 | |||||
Earnings before interest, taxes, amortization and restructuring | ' | ' | ' | ' | ' | ' | ' | ' | 23,390,000 | 23,245,000 | 25,583,000 | |||||
Operating segments | North America | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Total revenues | ' | ' | ' | ' | ' | ' | ' | ' | 423,340,000 | 432,832,000 | 429,289,000 | |||||
Earnings before interest, taxes, amortization and restructuring | ' | ' | ' | ' | ' | ' | ' | ' | 33,511,000 | 30,169,000 | 12,385,000 | |||||
Operating segments | Other | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Total revenues | ' | ' | ' | ' | ' | ' | ' | ' | 3,357,000 | 3,109,000 | 3,510,000 | |||||
Earnings before interest, taxes, amortization and restructuring | ' | ' | ' | ' | ' | ' | ' | ' | 315,000 | 446,000 | 499,000 | |||||
Inter-segment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Total revenues | ' | ' | ' | ' | ' | ' | ' | ' | -5,828,000 | -4,537,000 | -4,610,000 | |||||
Corporate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Earnings before interest, taxes, amortization and restructuring | ' | ' | ' | ' | ' | ' | ' | ' | -39,774,000 | -32,005,000 | -29,680,000 | |||||
Segment reconciling items | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Earnings before interest, taxes, amortization and restructuring | ' | ' | ' | ' | ' | ' | ' | ' | 17,442,000 | 21,293,000 | 7,432,000 | |||||
Goodwill impairment | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | -16,300,000 | |||||
Amortization of intangible assets | ' | ' | ' | ' | ' | ' | ' | ' | 0 | -644,000 | -1,534,000 | |||||
Restructuring charges | ' | ' | ' | ' | ' | ' | ' | ' | -16,923,000 | -7,981,000 | 0 | |||||
Segment reconciling items | Unallocated expenses of discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Earnings before interest, taxes, amortization and restructuring | ' | ' | ' | ' | ' | ' | ' | ' | $0 | ($562,000) | ($1,355,000) | |||||
[1] | Represents sales to all foreign/domestic clients based on client locations. | |||||||||||||||
[2] | This balance includes $148.0 million and $142.9 million of goodwill as of December 31, 2013 and 2012, respectively. | |||||||||||||||
[3] | This balance includes $133.7 million of goodwill as of December 31, 2013 and 2012. | |||||||||||||||
[4] | Represents revenues based on Ciber locations. |
Supplemental_Statement_of_Cash2
Supplemental Statement of Cash Flow Information (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Supplemental investing and financing activities: | ' | ' | ' |
Cash paid for interest | $1,974 | $5,655 | $7,272 |
Cash paid for income taxes, net | $5,714 | $6,182 | $8,616 |
Selected_Quarterly_Financial_I2
Selected Quarterly Financial Information (Unaudited) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Selected Quarterly Financial Information [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | $222,300 | $215,057 | $220,395 | $219,541 | $219,537 | $211,216 | $216,264 | $218,580 | $877,293 | $865,597 | $888,386 |
Gross profit | 57,731 | 54,062 | 56,038 | 55,226 | 57,218 | 53,420 | 57,514 | 55,326 | 223,057 | 223,478 | ' |
Operating income (loss) from continuing operations | 4,167 | -13,469 | 5,035 | 4,786 | -3,373 | 4,297 | 4,650 | 7,094 | 519 | 12,668 | -10,402 |
Net income (loss) from continuing operations | 1,522 | -13,513 | 2,935 | 1,449 | -5,976 | 195 | 422 | 1,286 | -7,607 | -4,073 | -52,351 |
Loss from discontinued operations, net of income tax | -1,435 | -952 | -4,555 | 18 | -119 | -9,510 | -297 | -83 | -6,924 | -10,009 | -14,881 |
Net income (loss) attributable to Ciber, Inc. | $102 | ($14,469) | ($1,766) | $1,613 | ($6,240) | ($9,449) | ($81) | $1,143 | ($14,520) | ($14,627) | ($67,261) |
Basic and diluted earnings (loss) per share attributable to Ciber, Inc.: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Continuing operations (in dollars per share) | $0.02 | ($0.18) | $0.04 | $0.02 | ($0.08) | $0 | $0 | $0.02 | ($0.10) | ($0.06) | ($0.73) |
Discontinued operations (in dollars per share) | ($0.02) | ($0.01) | ($0.06) | $0 | $0 | ($0.13) | $0 | $0 | ($0.09) | ($0.14) | ($0.21) |
Basic and diluted loss per share attributable to Ciber, Inc. (in dollars per share) | $0 | ($0.19) | ($0.02) | $0.02 | ($0.08) | ($0.13) | $0 | $0.02 | ($0.19) | ($0.20) | ($0.94) |