Gse Systems (GVP) 10-Q 15 May 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 25, 2014	Jun. 30, 2013
Document and Entity Information [Abstract]	'	'	'
Entity Registrant Name	'GSE SYSTEMS INC	'	'
Entity Central Index Key	'0000944480	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Entity Voluntary Filers	'No	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Filer Category	'Smaller Reporting Company	'	'
Entity Public Float	'	'	$26,662,881
Entity Common Stock, Shares Outstanding	'	17,887,859	'
Document Fiscal Year Focus	'2014	'	'
Document Fiscal Period Focus	'Q1	'	'
Document Type	'10-Q	'	'
Amendment Flag	'false	'	'
Document Period End Date	31-Mar-14	'	'

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$20,756	$15,643
Restricted cash	11	45
Contract receivables, net	14,524	24,557
Prepaid expenses and other current assets	3,789	3,699
Total current assets	39,080	43,944
Equipment, software and leasehold improvements	7,170	7,090
Accumulated depreciation	-5,311	-5,175
Equipment, software and leasehold improvements, net	1,859	1,915
Software development costs, net	1,143	1,020
Intangible assets, net	676	709
Long-term restricted cash	1,021	1,021
Other assets	190	218
Total assets	43,969	48,827
Current liabilities:	'	'
Accounts payable	1,182	3,554
Accrued expenses	2,012	1,903
Accrued compensation and payroll taxes	2,519	2,497
Billings in excess of revenue earned	6,715	6,545
Accrued warranty	1,790	1,851
Other current liabilities	1,137	1,603
Total current liabilities	15,355	17,953
Other liabilities	68	487
Total liabilities	15,423	18,440
Stockholder's equity:	'	'
Preferred stock $.01 par value, 2,000,000 shares authorized, shares issued and outstanding none in 2014 and 2013	0	0
Common stock $.01 par value, 30,000,000 shares authorized, shares issued 19,486,770 in 2014 and 2013	195	195
Additional paid-in capital	72,383	72,205
Accumulated deficit	-40,424	-38,400
Accumulated other comprehensive loss	-609	-614
Treasury stock at cost, 1,598,911 shares in 2014 and 2013	-2,999	-2,999
Total stockholders' equity	28,546	30,387
Total liabilities and stockholders' equity	$43,969	$48,827

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Stockholder's equity:	'	'
Preferred stock, par value (in dollars per share)	$0.01	$0.01
Preferred stock, shares authorized (in shares)	2,000,000	2,000,000
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized (in shares)	30,000,000	30,000,000
Common stock, shares issued (in shares)	19,486,770	19,486,770
Treasury stock, shares acquired (in shares)	1,598,911	1,598,911

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Consolidated Statements of Operations (Unaudited)	'	'
Contract revenue	$8,724	$12,383
Cost of revenue	6,500	9,302
Gross profit	2,224	3,081
Operating expenses:	'	'
Selling, general and administrative	4,144	4,165
Depreciation	139	153
Amortization of definite-lived intangible assets	36	52
Total operating expenses	4,319	4,370
Operating loss	-2,095	-1,289
Interest income, net	31	39
Gain on derivative instruments, net	104	267
Other expense, net	-10	-105
Loss before income taxes	-1,970	-1,088
Provision for income taxes	54	67
Net loss	($2,024)	($1,155)
Basic loss per common share	($0.11)	($0.06)
Diluted loss per common share	($0.11)	($0.06)

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Loss) (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Consolidated Statements of Comprehensive Loss	'	'
Net loss	($2,024)	($1,155)
Foreign currency translation adjustment	9	-2
Non-cash tax provision	-4	0
Comprehensive loss	($2,019)	($1,157)

CONSOLIDATED_STATEMENT_OF_CHAN

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (USD $)	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss	Treasury Stock	Total
In Thousands, except Share data
Balance at Dec. 31, 2013	$195	$72,205	($38,400)	($614)	($2,999)	$30,387
Balance (in shares) at Dec. 31, 2013	19,486,770	'	'	'	-1,598,911	'
Stock-based compensation expense	'	178	'	'	'	178
Foreign currency translation adjustment	'	'	'	9	'	9
Non-cash tax provision	'	'	'	-4	'	-4
Net loss	'	'	-2,024	'	'	-2,024
Balance at Mar. 31, 2014	$195	$72,383	($40,424)	($609)	($2,999)	$28,546
Balance (in shares) at Mar. 31, 2014	19,486,770	'	'	'	-1,598,911	'

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Cash flows from operating activities:	'	'
Net loss	($2,024)	($1,155)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:	'	'
Depreciation	139	153
Amortization of definite-lived intangible assets	36	52
Capitalized software amortization	32	176
Amortization of deferred financing costs	0	3
Change in fair value of contingent consideration	27	86
Stock-based compensation expense	178	224
Equity loss on investments	27	114
Gain on derivative instruments	-104	-267
Changes in assets and liabilities:	'	'
Contract receivables	9,875	543
Prepaid expenses and other assets	126	27
Accounts payable, accrued compensation and accrued expenses	-2,210	-296
Billings in excess of revenue earned	173	-1,519
Accrued warranty reserves	-61	-119
Other liabilities	-388	-105
Net cash provided by (used in) operating activities	5,826	-2,083
Cash flows from investing activities:	'	'
Capital expenditures	-80	-131
Capitalized software development costs	-155	-497
Releases of cash as collateral under letters of credit	34	0
Net cash used in investing activities	-201	-628
Cash flows from financing activities:	'	'
Proceeds from issuance of common stock	0	37
Payments of the liability-classified contingent consideration arrangements	-500	-979
Treasury stock purchases	0	-2
Net cash used in financing activities	-500	-944
Effect of exchange rate changes on cash	-12	-23
Net increase (decrease) in cash and cash equivalents	5,113	-3,678
Cash and cash equivalents at beginning of year	15,643	22,386
Cash and cash equivalents at end of period	$20,756	$18,708

Basis_of_Presentation_and_Reve

Basis of Presentation and Revenue Recognition	3 Months Ended
	Mar. 31, 2014
Basis of Presentation and Revenue Recognition [Abstract]	'
Basis of Presentation and Revenue Recognition	'
	1	Basis of Presentation and Revenue Recognition
	Basis of Presentation
	The consolidated interim financial statements included herein have been prepared by GSE Systems, Inc. (the "Company" or "GSE") without independent audit.  In the opinion of the Company's management, all adjustments and reclassifications of a normal and recurring nature necessary to present fairly the financial position, results of operations and cash flows for the periods presented have been made.  Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles ("GAAP") have been condensed or omitted.  The results of operations for interim periods are not necessarily an indication of the results for the full year.  These consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2013 filed with the Securities and Exchange Commission on March 26, 2014.
	The Company has only one reportable segment.  The Company has a wide range of knowledge of simulation systems and the processes those systems are intended to control and model.  The Company's knowledge is concentrated heavily in simulation technology and model development.  The Company is primarily engaged in simulation for the power generation industry and the process industries.  Contracts typically range from 1 to 3 years.
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements as well as reported amounts of revenues and expenses during the reporting period.  The Company's most significant estimates relate to revenue recognition, capitalization of software development costs, valuation of intangible assets acquired, contingent consideration issued in business acquisitions, and the recoverability of deferred tax assets.  Actual results could differ from these estimates and those differences could be material.
	Revenue Recognition
	The majority of the Company's revenue is derived through the sale of uniquely designed systems containing hardware, software and other materials under fixed-price contracts.  Revenue under these fixed-price contracts is accounted for on the percentage-of-completion method.  This methodology recognizes revenue and earnings as work progresses on the contract and is based on an estimate of the revenue and earnings earned to date, less amounts recognized in prior periods.  The Company bases its estimate of the degree of completion of the contract by reviewing the relationship of costs incurred to date to the expected total costs that will be incurred on the project. Estimated contract earnings are reviewed and revised periodically as the work progresses, and the cumulative effect of any change in estimate is recognized in the period in which the change is identified.  Estimated losses are charged against earnings in the period such losses are identified.  The Company recognizes revenue arising from contract claims either as income or as an offset against a potential loss only when the amount of the claim can be estimated reliably and realization is probable and there is a legal basis for the claim.
	Uncertainties inherent in the performance of contracts include labor availability and productivity, material costs, change order scope and pricing, software modification and customer acceptance issues.  The reliability of these cost estimates is critical to the Company's revenue recognition as a significant change in the estimates can cause the Company's revenue and related margins to change significantly from the amounts estimated in the early stages of the project.
	As the Company recognizes revenue under the percentage-of-completion method, it provides an accrual for estimated future warranty costs based on historical experience and projected claims.  The Company's long-term contracts generally provide for a one-year warranty on parts, labor and any bug fixes as it relates to software embedded in the systems.
	The Company's system design contracts do not normally provide for "post customer support service" ("PCS") in terms of software upgrades, software enhancements or telephone support.  In order to obtain PCS, the customers must normally purchase a separate contract.  Such PCS arrangements are generally for a one-year period renewable annually and include customer support, unspecified software upgrades, and maintenance releases.  The Company recognizes revenue from these contracts ratably over the life of the agreements.
	Revenue from the sale of software licenses which do not require significant modifications or customization for the Company's modeling tools are recognized when the license agreement is signed, the license fee is fixed and determinable, delivery has occurred, and collection is considered probable.
	Revenue from certain consulting or training contracts is recognized on a time-and-material basis.  For time-and-material type contracts, revenue is recognized based on hours incurred at a contracted labor rate plus expenses.
	For the three months ended March 31, 2013 the following customer provided more than 10% of the Company's consolidated revenue:
			Three Months ended
			March 31,
			2014	2013
	Slovenské elektrárne, a.s.		8.30%	23.30%

Recently_Adopted_Accounting_Pr

Recently Adopted Accounting Pronouncements	3 Months Ended
	Mar. 31, 2014
Recently Adopted Accounting Pronouncements [Abstract]	'
Recently Adopted Accounting Pronouncements [Text Block]	'
	2	Recently Adopted Accounting Pronouncements
	In July 2013, the Financial Accounting Standards Board ("FASB") issued an Accounting Standards Update ("ASU") related to the presentation of unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists.  The ASU requires an unrecognized tax benefit, or a portion of an unrecognized tax benefit, to be presented in the financial statements as either a reduction to a deferred tax asset or separately as a liability depending on the existence, availability and/or use of an operating loss carryforward, a similar tax loss, or a tax credit carryforward. This ASU was adopted at January 1, 2014. This ASU did not have an impact on our consolidated financial statements as we currently do not have any unrecognized tax benefits in the same jurisdictions in which we have tax loss or credit carryovers.

Basic_and_Diluted_Income_Loss_

Basic and Diluted Income (Loss) Per Common Share	3 Months Ended
	Mar. 31, 2014
Basic and Diluted Income (Loss) Per Common Share [Abstract]	'
Basic and Diluted Income (Loss) Per Common Share	'
		3	Basic and Diluted Loss Per Common Share
	Basic loss per share is based on the weighted average number of outstanding common shares for the period.  Diluted loss per share adjusts the weighted average shares outstanding for the potential dilution that could occur if stock options were exercised into common stock.
	The number of common shares and common share equivalents used in the determination of basic and diluted loss per share were as follows:
	(in thousands, except for share amounts)		Three Months ended
			March 31,
			2014			2013
	Numerator:
	Net loss		$	(2,024	)	$	(1,155	)
	Denominator:
	Weighted-average shares outstanding for basic earnings per share			17,887,859			18,340,554
	Effect of dilutive securities:
	Employee stock options			-			-
	Adjusted weighted-average shares outstanding and assumed conversions for diluted earnings per share			17,887,859			18,340,554
	Shares related to dilutive securities excluded because inclusion would be anti-dilutive			2,897,319			2,898,615

Contract_Receivables

Contract Receivables	3 Months Ended
	Mar. 31, 2014
Contract Receivables [Abstract]	'
Contract Receivables	'
	4	Contract Receivables
	Contract receivables represent balances due from a broad base of both domestic and international customers.  All contract receivables are considered to be collectible within twelve months. Recoverable costs and accrued profit not billed represent costs incurred and associated profit accrued on contracts that will become billable upon future milestones or completion of contracts.
	The components of contract receivables are as follows:
	(in thousands)		March 31,			December 31,
			2014			2013
	Billed receivables		$	6,789		$	19,040
	Recoverable costs and accrued profit not billed			7,737			5,519
	Allowance for doubtful accounts			(2	)		(2	)
	Total contract receivables, net		$	14,524		$	24,557
	Recoverable costs and accrued profit not billed totaled $7.7 million and $5.5 million as of March 31, 2014 and December 31, 2013, respectively.  During April 2014, the Company invoiced $1.4 million of the unbilled amounts.
	The following customers account for more than 10% of the Company's consolidated contract receivables for the indicated periods:
		31-Mar-14		31-Dec-13
	China Nuclear Power Engineering Company	11.70%		4.90%
	Slovenské elektrárne, a.s.	9.90%		35.90%

Software_Development_Costs

Software Development Costs	3 Months Ended
	Mar. 31, 2014
Software Development Costs [Abstract]	'
Software Development Costs	'
		5	Software Development Costs
	Certain computer software development costs are capitalized in the accompanying consolidated balance sheets.  Capitalization of computer software development costs begins upon the establishment of technological feasibility.  Capitalization ceases and amortization of capitalized costs begins when the software product is commercially available for general release to customers.  Amortization of capitalized computer software development costs is included in cost of revenue and is determined using the straight-line method over the remaining estimated economic life of the product, typically three years.  On an annual basis, and more frequently as conditions indicate, the Company assesses the recovery of the unamortized software development costs by estimating the net undiscounted cash flows expected to be generated by the sale of the product.  If the undiscounted cash flows are not sufficient to recover the unamortized software costs the Company will write-down the investment to its estimated fair value based on future undiscounted cash flows.  The excess of any unamortized software development costs over the related net realizable value is written down and charged to cost of revenue.
	Software development costs capitalized were $155,000 and $497,000 for the three months ended March 31, 2014 and 2013, respectively.  Total amortization expense was $32,000 for the three months ended March 31, 2014, and $176,000 for the three months ended March 31, 2013, respectively.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2014
Fair Value of Financial Instruments [Abstract]	'
Fair Value of Financial Instruments	'
	6	Fair Value of Financial Instruments
	ASC 820, Fair Value Measurements and Disclosures, defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date.  ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.
	The levels of the fair value hierarchy established by ASC 820 are:
	Level 1:  inputs are quoted prices, unadjusted, in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date.
	Level 2:  inputs are other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.  A Level 2 input must be observable for substantially the full term of the asset or liability.
	Level 3:  inputs are unobservable and reflect the reporting entity's own assumptions about the assumptions that market participants would use in pricing the asset or liability.
	The Company considers the recorded value of certain of its financial assets and liabilities, which consist primarily of accounts receivable and accounts payable, to approximate the fair value of the respective assets and liabilities at March 31, 2014 and December 31, 2013 based upon the short-term nature of the assets and liabilities.
	The following table presents assets and liabilities measured at fair value at March 31, 2014:
			Quoted Prices		Significant			Significant
			in Active		Other			Unobservable
			Markets for Identical Assets		Observable Inputs			Inputs
	(in thousands)		(Level 1)		(Level 2)			(Level 3)		Total
	Money market fund		$	14,621	$	-		$	-	$	14,621
	Foreign exchange contracts			-		49			-		49
	Total assets		$	14,621	$	49		$	-	$	14,670
	Foreign exchange contracts		$	-	$	(319	)	$	-	$	(319	)
	Total liabilities		$	-	$	(319	)	$	-	$	(319	)
	The following table presents assets and liabilities measured at fair value at December 31, 2013:
			Quoted Prices		Significant			Significant
			in Active		Other			Unobservable
			Markets for Identical Assets		Observable Inputs			Inputs
	(in thousands)		(Level 1)		(Level 2)			(Level 3)		Total
	Money market fund		$	10,553	$	-		$	-	$	10,553
	Foreign exchange contracts			-		142			-		142
	Total assets		$	10,553	$	142		$	-	$	10,695
	Foreign exchange contracts		$	-	$	(655	)	$	-	$	(655	)
	Total liabilities		$	-	$	(655	)	$	-	$	(655	)

Derivative_Instruments

Derivative Instruments	3 Months Ended
	Mar. 31, 2014
Derivative Instruments [Abstract]	'
Derivative Instruments	'
	7	Derivative Instruments
	The Company utilizes forward foreign currency exchange contracts to manage market risks associated with the fluctuations in foreign currency exchange rates.  It is the Company's policy to use such derivative financial instruments to protect against market risk arising in the normal course of business in order to reduce the impact of these exposures.  The Company minimizes credit exposure by limiting counterparties to nationally recognized financial institutions.
	As of March 31, 2014, the Company had foreign exchange contracts outstanding of approximately 0.2 million Pounds Sterling, 5.3 million Euro, and 2.2 million Japanese Yen at fixed rates.  The contracts expire on various dates through May 2016.  At December 31, 2013, the Company had contracts outstanding of approximately 0.2 million Pounds Sterling, 13.3 million Euro, and 10.1 million Japanese Yen at fixed rates.
	The Company has not designated any of the foreign exchange contracts outstanding as hedges and has recorded the estimated fair value of the contracts in the consolidated balance sheets as follows:
			March 31,			December 31,
	(in thousands)		2014			2013
	Asset derivatives
	Prepaid expenses and other current assets		$	49		$	140
	Other assets			-			2
				49			142
	Liability derivatives
	Other current liabilities			(315	)		(637	)
	Other liabilities			(4	)		(18	)
				(319	)		(655	)
	Net fair value		$	(270	)	$	(513	)
	The changes in the fair value of the foreign exchange contracts are included in net gain on derivative instruments in the consolidated statements of operations.
	The foreign currency denominated contract receivables, billings in excess of revenue earned and subcontractor accruals that are related to the outstanding foreign exchange contracts are remeasured at the end of each period into the functional currency using the current exchange rate at the end of the period.  The gain or loss resulting from such remeasurement is also included in net gain on derivative instruments in the consolidated statements of operations.
	For the three months ended March 31, 2014 and 2013, the Company recognized a net gain on its derivative instruments as outlined below:
			Three Months ended
			March 31,
	(in thousands)		2014			2013
	Foreign exchange contracts- change in fair value		$	243		$	549
	Remeasurement of related contract receivables,			(139	)		(282	)
	billings in excess of revenue earned, and
	subcontractor accruals
	Gain on derivative instruments, net		$	104		$	267

StockBased_Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2014
Stock-Based Compensation [Abstract]	'
Stock-Based Compensation	'
	8	Stock-Based Compensation
	The Company recognizes compensation expense for all equity-based compensation awards issued to employees, directors and non-employees that are expected to vest.  Compensation cost is based on the fair value of awards as of the grant date.  The Company recognized $178,000 and $224,000 of stock-based compensation expense for the three months ended March 31, 2014 and 2013, respectively, under the fair value method.  The Company granted 60,000 stock options for the three months ended March 31, 2014.  The fair value of the options granted for the three months ended March 31, 2014 was $56,000.  The Company granted 64,500 stock options for the three months ended March 31, 2013.  The fair value of the granted options at the grant date was $78,000.

LongTerm_Debt

Long-Term Debt	3 Months Ended
	Mar. 31, 2014
Long-Term Debt [Abstract]	'
Long-Term Debt	'
	9	Long-Term Debt
	At March 31, 2014 and December 31, 2013, the Company had no long-term debt outstanding.
	Line of Credit
	The Company has a Master Loan and Security Agreement and Revolving Credit Note with Susquehanna Bank ("Susquehanna").  The Company and its subsidiaries, GSE Power Systems, Inc., and GSE EnVision LLC, are jointly and severally liable as co-borrowers.  The Loan Agreement provides a $7.5 million revolving line of credit for the purpose of (i) issuing stand-by letters of credit and (ii) providing working capital. Working capital advances bear interest at a rate equal to the Wall Street Journal Prime Rate of Interest, floating with a floor of 4.5%.  In July 2013, Susquehanna extended the Revolving Credit Expiration Date to June 30, 2014.
	As collateral for the Company's obligations, the Company granted a first lien and security interest in all of the assets of the Company, including but not limited to, accounts receivable, inventory, proceeds and products, intangibles, trademarks, intellectual property, and machinery and equipment.
	Issuances of stand-by letters of credit and advances of working capital (collectively referred to as the "Advances") require that the Company maintain a minimum cash balance of $3.0 million at all times (the "Cash Balance Requirement").  The Cash Balance Requirement will remain at the minimum amount as long as the Company's quarterly net income (exclusive of gains and losses on derivative instruments and stock option expense) as defined ("Net Income") remains positive and the Company is in compliance with the covenants.  If the Company's quarterly consolidated Net Income is negative or the Company is not in compliance with the covenants, the Cash Balance Requirement will revert to the amount of the Advances, until the Company attains positive Net Income for two consecutive quarters.
	The credit agreements contain certain restrictive covenants regarding future acquisitions and incurrence of debt.  In addition, the credit agreements contain financial covenants with respect to the Company's cash flow coverage ratio, minimum tangible capital base, quick ratio, and tangible capital base ratio.  At March 31, 2014, the Company had not paid any interest or principal payments related to any borrowings for over one year.  As such, the cash flow coverage ratio is not applicable at March 31, 2014.
			As of
		Covenant	31-Mar-14
	Minimum tangible capital base	Must Exceed $26.0 million	$26.7 million
	Quick ratio	Must Exceed 2.00 : 1.00	2.54 : 1.00
	Tangible capital base ratio	Not to Exceed .75 : 1.00	.58 : 1.00
	As the Company's Net Income for the three months ended March 31, 2014 as defined above was negative, the Company will currently be required to maintain a cash balance of $3.0 million at Susquehanna which is equivalent to the Cash Balance Requirement at March 31, 2014.  All of the Company's outstanding Advances, which in aggregate was $2.1 million as of March 31, 2014, consisted of stand-by letters of credit.
	As of March 31, 2014, the Company was contingently liable for nine standby letters of credit and two surety bonds totaling $3.4 million which represent advance payment and performance bonds on ten contracts.  The Company has deposited the full value of four standby letters of credit in escrow accounts, amounting to $1.0 million, which have been restricted in that the Company does not have access to these funds until the related letters of credit have expired.  The cash has been recorded on the Company's balance sheet at March 31, 2014 as restricted cash.

Product_Warranty

Product Warranty	3 Months Ended
	Mar. 31, 2014
Product Warranty [Abstract]	'
Product Warranty	'
	10	Product Warranty
	As the Company recognizes revenue under the percentage-of-completion method, it provides an accrual for estimated future warranty costs based on historical experience and projected claims.  The activity in the warranty account is as follows:
	(in thousands)
	Balance at December 31, 2013		$	1,851
	Warranty provision			184
	Warranty claims			(244	)
	Currency adjustment			(1	)
	Balance at March 31, 2014		$	1,790

Contingent_Consideration

Contingent Consideration	3 Months Ended
	Mar. 31, 2014
Contingent Consideration [Abstract]	'
Contingent Consideration	'
	11	Contingent Consideration
	ASC 805 requires that contingent consideration be recognized at fair value on the acquisition date and be remeasured each reporting period with subsequent adjustments recognized in the consolidated statement of operations.
	As of March 31, 2014 and December 31, 2013, contingent consideration included in the other current liabilities on the consolidated balance sheet totaled $429,000 and $492,000, respectively.  As of March 31, 2014 and December 31, 2013, the Company also had accrued contingent consideration totaling $0 and $409,000, respectively, which is included in other long-term liabilities on the consolidated balance sheet and represents the portion of contingent consideration estimated to be payable greater than twelve months from the balance sheet date.  During the three months ended March 31, 2014, the Company made payments of $500,000 related to the liability-classified contingent consideration arrangements.

Income_Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2014
Income Taxes [Abstract]	'
Income Taxes	'
		12	Income Taxes
	The Company files in the United States federal jurisdiction and in several state and foreign jurisdictions. Because of the net operating loss carryforwards, the Company is subject to U.S. federal and state income tax examinations from years 1997 forward and is subject to foreign tax examinations by tax authorities for years 2007 and forward. Open tax years related to state and foreign jurisdictions remain subject to examination but are not considered material to our financial position, results of operations or cash flows.
	An uncertain tax position taken or expected to be taken in a tax return is recognized in the financial statements when it is more likely than not (i.e., a likelihood of more than fifty percent) that the position would be sustained upon examination by tax authorities that have full knowledge of all relevant information. A recognized tax position is then measured at the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. Interest and penalties related to income taxes are accounted for as income tax expense.  The Company has appropriately accounted for its uncertain tax positions.
	The Company expects to pay income taxes in India and China in 2014.  In 2013, the Company paid income taxes in the UK and India.  The Company has a full valuation allowance on its U.S. and Swedish net deferred tax assets at March 31, 2014.

Preferred_Stock_Rights

Preferred Stock Rights	3 Months Ended
	Mar. 31, 2014
Preferred Stock Rights [Abstract]	'
Preferred Stock Rights [Text Block]	'
	13	Preferred Stock Rights
	On March 21, 2011 , the Board of Directors of the Company declared a dividend, payable to holders of record as of the close of business on April 1, 2011, of  one preferred stock purchase right (a "Right") for each outstanding share of common stock, par value $0.01 per share, of the Company (the "Common Stock").  In addition, the Company will issue one Right with each new share of Common Stock issued.  In connection therewith, on March 21, 2011, the Company entered into a Stockholder Protection Rights Agreement (as amended from time to time, the Rights Agreement) with Continental Stock Transfer & Trust Company, as Rights Agent, which has a term of three years, unless amended by the Board of Directors in accordance with the terms of the Rights Agreement.  On March 21, 2014, the Rights Agreement was amended to extend the term an additional two years.  The Rights Agreement will now expire on March 21, 2016.  The Rights trade with and are inseparable from the Common Stock and are not evidenced by separate certificates unless they become exercisable.  Each Right entitles its holder to purchase from the Company one-hundredth of a share of participating preferred stock having economic and voting terms similar to the Common Stock at an exercise price of $8.00 per Right, subject to adjustment in accordance with the terms of the Rights Agreement, once the Rights become exercisable.  Under the Rights Agreement, the Rights become exercisable if any person or group acquires 20% or more of the Common Stock or, in the case of any person or group that owned 20% or more of the Common Stock as of March 21, 2011, upon the acquisition of any additional shares by such person or group.  The Company, its subsidiaries, employee benefit plans of the Company or any of its subsidiaries and any entity holding Common Stock for or pursuant to the terms of any such plan are accepted.  Upon exercise of the Right in accordance with the Rights Agreement, the holder would be able to purchase a number of shares of Common Stock from the Company having an aggregate market price (as defined in the Rights Agreement) equal to twice the then-current exercise price for an amount in cash equal to the then-current exercise price.  In addition, the Company may, in certain circumstances and pursuant to the terms of the Rights Agreement, exchange the Rights for one share of Common Stock or an equivalent security for each Right or, alternatively, redeem the Rights for $0.001 per Right.  The Rights will not prevent a takeover of our Company, but may cause substantial dilution to a person that acquires 20% or more of the Company's Common Stock.

Share_Repurchase_Plan

Share Repurchase Plan	3 Months Ended
	Mar. 31, 2014
Share Repurchase Plan [Abstract]	'
Share Repurchase Program	'
	14	Share Repurchase Plan
	On March 21, 2011, the Board of Directors authorized the purchase of up to $3.0 million of the Company's common stock in accordance with the safe harbor provisions of Rule 10b-18 of the Securities Exchange Act of 1934.  The Company completed the share repurchase program in October 2013 and thus will not be repurchasing shares during 2014.  During the three months ended March 31, 2013 the Company repurchased 1,100 shares at an aggregate cost of $2,000.

Basis_of_Presentation_and_Reve1

Basis of Presentation and Revenue Recognition (Policies)	3 Months Ended
	Mar. 31, 2014
Basis of Presentation and Revenue Recognition [Abstract]	'
Basis of Presentation	'
	Basis of Presentation
	The consolidated interim financial statements included herein have been prepared by GSE Systems, Inc. (the "Company" or "GSE") without independent audit.  In the opinion of the Company's management, all adjustments and reclassifications of a normal and recurring nature necessary to present fairly the financial position, results of operations and cash flows for the periods presented have been made.  Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles ("GAAP") have been condensed or omitted.  The results of operations for interim periods are not necessarily an indication of the results for the full year.  These consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2013 filed with the Securities and Exchange Commission on March 26, 2014.
	The Company has only one reportable segment.  The Company has a wide range of knowledge of simulation systems and the processes those systems are intended to control and model.  The Company's knowledge is concentrated heavily in simulation technology and model development.  The Company is primarily engaged in simulation for the power generation industry and the process industries.  Contracts typically range from 1 to 3 years.
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements as well as reported amounts of revenues and expenses during the reporting period.  The Company's most significant estimates relate to revenue recognition, capitalization of software development costs, valuation of intangible assets acquired, contingent consideration issued in business acquisitions, and the recoverability of deferred tax assets.  Actual results could differ from these estimates and those differences could be material.
Revenue Recognition	'
	Revenue Recognition
	The majority of the Company's revenue is derived through the sale of uniquely designed systems containing hardware, software and other materials under fixed-price contracts.  Revenue under these fixed-price contracts is accounted for on the percentage-of-completion method.  This methodology recognizes revenue and earnings as work progresses on the contract and is based on an estimate of the revenue and earnings earned to date, less amounts recognized in prior periods.  The Company bases its estimate of the degree of completion of the contract by reviewing the relationship of costs incurred to date to the expected total costs that will be incurred on the project. Estimated contract earnings are reviewed and revised periodically as the work progresses, and the cumulative effect of any change in estimate is recognized in the period in which the change is identified.  Estimated losses are charged against earnings in the period such losses are identified.  The Company recognizes revenue arising from contract claims either as income or as an offset against a potential loss only when the amount of the claim can be estimated reliably and realization is probable and there is a legal basis for the claim.
	Uncertainties inherent in the performance of contracts include labor availability and productivity, material costs, change order scope and pricing, software modification and customer acceptance issues.  The reliability of these cost estimates is critical to the Company's revenue recognition as a significant change in the estimates can cause the Company's revenue and related margins to change significantly from the amounts estimated in the early stages of the project.
	As the Company recognizes revenue under the percentage-of-completion method, it provides an accrual for estimated future warranty costs based on historical experience and projected claims.  The Company's long-term contracts generally provide for a one-year warranty on parts, labor and any bug fixes as it relates to software embedded in the systems.
	The Company's system design contracts do not normally provide for "post customer support service" ("PCS") in terms of software upgrades, software enhancements or telephone support.  In order to obtain PCS, the customers must normally purchase a separate contract.  Such PCS arrangements are generally for a one-year period renewable annually and include customer support, unspecified software upgrades, and maintenance releases.  The Company recognizes revenue from these contracts ratably over the life of the agreements.
	Revenue from the sale of software licenses which do not require significant modifications or customization for the Company's modeling tools are recognized when the license agreement is signed, the license fee is fixed and determinable, delivery has occurred, and collection is considered probable.
	Revenue from certain consulting or training contracts is recognized on a time-and-material basis.  For time-and-material type contracts, revenue is recognized based on hours incurred at a contracted labor rate plus expenses.

Recently_Adopted_Accounting_Pr1

Recently Adopted Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2014
Recently Adopted Accounting Pronouncements [Abstract]	'
Recently Adopted Accounting Pronouncements	'
	2	Recently Adopted Accounting Pronouncements
	In July 2013, the Financial Accounting Standards Board ("FASB") issued an Accounting Standards Update ("ASU") related to the presentation of unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists.  The ASU requires an unrecognized tax benefit, or a portion of an unrecognized tax benefit, to be presented in the financial statements as either a reduction to a deferred tax asset or separately as a liability depending on the existence, availability and/or use of an operating loss carryforward, a similar tax loss, or a tax credit carryforward. This ASU was adopted at January 1, 2014. This ASU did not have an impact on our consolidated financial statements as we currently do not have any unrecognized tax benefits in the same jurisdictions in which we have tax loss or credit carryovers.

Basis_of_Presentation_and_Reve2

Basis of Presentation and Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2014
Basis of Presentation and Revenue Recognition [Abstract]	'
Percentage of revenue by major customers	'
	For the three months ended March 31, 2013 the following customer provided more than 10% of the Company's consolidated revenue:
		Three Months ended
		March 31,
		2014	2013
	Slovenské elektrárne, a.s.	8.30%	23.30%

Basic_and_Diluted_Income_Loss_1

Basic and Diluted Income (Loss) Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2014
Basic and Diluted Income (Loss) Per Common Share [Abstract]	'
Number of common shares and common share equivalents used in the determination of basic and diluted income (loss) per share	'
	The number of common shares and common share equivalents used in the determination of basic and diluted loss per share were as follows:
	(in thousands, except for share amounts)	Three Months ended
		March 31,
		2014			2013
	Numerator:
	Net loss	$	(2,024	)	$	(1,155	)
	Denominator:
	Weighted-average shares outstanding for basic earnings per share		17,887,859			18,340,554
	Effect of dilutive securities:
	Employee stock options		-			-
	Adjusted weighted-average shares outstanding and assumed conversions for diluted earnings per share		17,887,859			18,340,554
	Shares related to dilutive securities excluded because inclusion would be anti-dilutive		2,897,319			2,898,615

Contract_Receivables_Tables

Contract Receivables (Tables)	3 Months Ended
	Mar. 31, 2014
Contract Receivables [Abstract]	'
Components of contract receivables	'
	The components of contract receivables are as follows:
	(in thousands)		March 31,			December 31,
			2014			2013
	Billed receivables		$	6,789		$	19,040
	Recoverable costs and accrued profit not billed			7,737			5,519
	Allowance for doubtful accounts			(2	)		(2	)
	Total contract receivables, net		$	14,524		$	24,557
Concentration Risk [Line Items]	'
Contract receivable by major customers	'
	The following customers account for more than 10% of the Company's consolidated contract receivables for the indicated periods:
		31-Mar-14		31-Dec-13
	China Nuclear Power Engineering Company	11.70%		4.90%
	Slovenské elektrárne, a.s.	9.90%		35.90%

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2014
Fair Value of Financial Instruments [Abstract]	'
Assets and liabilities measured at fair value	'
	The following table presents assets and liabilities measured at fair value at March 31, 2014:
		Quoted Prices		Significant			Significant
		in Active		Other			Unobservable
		Markets for Identical Assets		Observable Inputs			Inputs
	(in thousands)	(Level 1)		(Level 2)			(Level 3)		Total
	Money market fund	$	14,621	$	-		$	-	$	14,621
	Foreign exchange contracts		-		49			-		49
	Total assets	$	14,621	$	49		$	-	$	14,670
	Foreign exchange contracts	$	-	$	(319	)	$	-	$	(319	)
	Total liabilities	$	-	$	(319	)	$	-	$	(319	)
	The following table presents assets and liabilities measured at fair value at December 31, 2013:
		Quoted Prices		Significant			Significant
		in Active		Other			Unobservable
		Markets for Identical Assets		Observable Inputs			Inputs
	(in thousands)	(Level 1)		(Level 2)			(Level 3)		Total
	Money market fund	$	10,553	$	-		$	-	$	10,553
	Foreign exchange contracts		-		142			-		142
	Total assets	$	10,553	$	142		$	-	$	10,695
	Foreign exchange contracts	$	-	$	(655	)	$	-	$	(655	)
	Total liabilities	$	-	$	(655	)	$	-	$	(655	)

Derivative_Instruments_Tables

Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2014
Derivative Instruments [Abstract]	'
Estimated fair value of the contracts in the consolidated balance sheets	'
	The Company has not designated any of the foreign exchange contracts outstanding as hedges and has recorded the estimated fair value of the contracts in the consolidated balance sheets as follows:
		March 31,			December 31,
	(in thousands)	2014			2013
	Asset derivatives
	Prepaid expenses and other current assets	$	49		$	140
	Other assets		-			2
			49			142
	Liability derivatives
	Other current liabilities		(315	)		(637	)
	Other liabilities		(4	)		(18	)
			(319	)		(655	)
	Net fair value	$	(270	)	$	(513	)
Gain (loss) from derivative instruments	'
	For the three months ended March 31, 2014 and 2013, the Company recognized a net gain on its derivative instruments as outlined below:
		Three Months ended
		March 31,
	(in thousands)	2014			2013
	Foreign exchange contracts- change in fair value	$	243		$	549
	Remeasurement of related contract receivables,		(139	)		(282	)
	billings in excess of revenue earned, and
	subcontractor accruals
	Gain on derivative instruments, net	$	104		$	267

LongTerm_Debt_Tables

Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2014
Long-Term Debt [Abstract]	'
Susquehanna Bank Loan Agreement debt covenants	'
	The credit agreements contain certain restrictive covenants regarding future acquisitions and incurrence of debt.  In addition, the credit agreements contain financial covenants with respect to the Company's cash flow coverage ratio, minimum tangible capital base, quick ratio, and tangible capital base ratio.  At March 31, 2014, the Company had not paid any interest or principal payments related to any borrowings for over one year.  As such, the cash flow coverage ratio is not applicable at March 31, 2014.
			As of
		Covenant	31-Mar-14
	Minimum tangible capital base	Must Exceed $26.0 million	$26.7 million
	Quick ratio	Must Exceed 2.00 : 1.00	2.54 : 1.00
	Tangible capital base ratio	Not to Exceed .75 : 1.00	.58 : 1.00

Product_Warranty_Tables

Product Warranty (Tables)	3 Months Ended
	Mar. 31, 2014
Product Warranty [Abstract]	'
Activities in the product warranty accounts	'
	As the Company recognizes revenue under the percentage-of-completion method, it provides an accrual for estimated future warranty costs based on historical experience and projected claims.  The activity in the warranty account is as follows:
	(in thousands)
	Balance at December 31, 2013	$	1,851
	Warranty provision		184
	Warranty claims		(244	)
	Currency adjustment		(1	)
	Balance at March 31, 2014	$	1,790

Basis_of_Presentation_and_Reve3

Basis of Presentation and Revenue Recognition (Details)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Basis of Presentation and Revenue Recognition [Abstract]	'	'
Number of reportable segment	1	'
Minimum term of contract (in years)	'1 year	'
Maximum term of contract (in years)	'3 years	'
Term of warranty (in years)	'1 year	'
Period of post customer support service (PCS) (in years)	'1 year	'
Benchmark to disclose customers of consolidated revenue, minimum percentage (in hundredths)	10.00%	'
Revenue [Member] | Slovenske elektrarne, a.s. [Member]	'	'
Revenue by major customers [Abstract]	'	'
Percentage of revenue contributed by major customers (in hundredths)	8.30%	23.30%

Basic_and_Diluted_Income_Loss_2

Basic and Diluted Income (Loss) Per Common Share (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Numerator:	'	'
Net loss	($2,024)	($1,155)
Denominator:	'	'
Weighted-average shares outstanding for basic earnings per share (in shares)	17,887,859	18,340,554
Effect of dilutive securities:	'	'
Employee stock options (in shares)	0	0
Adjusted weighted-average shares outstanding and assumed conversions for diluted earnings per share (in shares)	17,887,859	18,340,554
Shares related to dilutive securities excluded because inclusion would be anti-dilutive (in shares)	2,897,319	2,898,615

Contract_Receivables_Details

Contract Receivables (Details) (USD $)	1 Months Ended	3 Months Ended
	Apr. 30, 2014	Mar. 31, 2014	Dec. 31, 2013
Contract Receivables [Abstract]	'	'	'
Maximum term of contract receivables (in months)	'	'12 months	'
Components of contract receivables [Abstract]	'	'	'
Billed receivables	'	$6,789,000	$19,040,000
Recoverable costs and accrued profit not billed	'	7,737,000	5,519,000
Allowance for doubtful accounts	'	-2,000	-2,000
Total contract receivables, net	'	14,524,000	24,557,000
Unbilled Contract Receivables Billed during April 2014	$1,400,000	'	'
Contract Receivable [Member] | China Nuclear Power Engineering Company [Member]	'	'	'
Concentration Risk [Line Items]	'	'	'
Percentage of contract receivables accounted by major customers (in hundredths)	'	11.70%	4.90%
Contract Receivable [Member] | Slovenske elektrarne, a.s. [Member]	'	'	'
Concentration Risk [Line Items]	'	'	'
Percentage of contract receivables accounted by major customers (in hundredths)	'	9.90%	35.90%

Software_Development_Costs_Det

Software Development Costs (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Software Development Costs [Abstract]	'	'
Total capitalized software development cost	$155	$497
Capitalized software amortization	$32	$176

Fair_Value_of_Financial_Instru2

Fair Value of Financial Instruments (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Assets and liabilities measured at fair value [Abstract]	'	'
Money market fund	$14,621	$10,553
Foreign exchange contracts - Assets	49	142
Total assets	14,670	10,695
Foreign exchange contracts - Liabilities	-319	-655
Total liabilities	-319	-655
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]	'	'
Assets and liabilities measured at fair value [Abstract]	'	'
Money market fund	14,621	10,553
Foreign exchange contracts - Assets	0	0
Total assets	14,621	10,553
Foreign exchange contracts - Liabilities	0	0
Total liabilities	0	0
Significant Other Observable Inputs (Level 2) [Member]	'	'
Assets and liabilities measured at fair value [Abstract]	'	'
Money market fund	0	0
Foreign exchange contracts - Assets	49	142
Total assets	49	142
Foreign exchange contracts - Liabilities	-319	-655
Total liabilities	-319	-655
Significant Unobservable Inputs (Level 3) [Member]	'	'
Assets and liabilities measured at fair value [Abstract]	'	'
Money market fund	0	0
Foreign exchange contracts - Assets	0	0
Total assets	0	0
Foreign exchange contracts - Liabilities	0	0
Total liabilities	$0	$0

Derivative_Instruments_Details

Derivative Instruments (Details)

3 Months Ended

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

USD ($)

USD ($)

EUR (€)

GBP (£)

JPY (¥)

USD ($)

EUR (€)

GBP (£)

JPY (¥)

Foreign Exchange Contract [Member]

Foreign Exchange Contract [Member]

Foreign Exchange Contract [Member]

Foreign Exchange Contract [Member]

Foreign Exchange Contract [Member]

Foreign Exchange Contract [Member]

Foreign Exchange Contract [Member]

Foreign Exchange Contract [Member]

Foreign Exchange Contract [Member]

Foreign Exchange Contract [Member]

Not designated as Hedges [Member]

Not designated as Hedges [Member]

Not designated as Hedges [Member]

Not designated as Hedges [Member]

Not designated as Hedges [Member]

Not designated as Hedges [Member]

Not designated as Hedges [Member]

Not designated as Hedges [Member]

Not designated as Hedges [Member]

Not designated as Hedges [Member]

USD ($)

USD ($)

Prepaid expenses and other current assets [Member]

Prepaid expenses and other current assets [Member]

Other assets [Member]

Other assets [Member]

Other current liabilities [Member]

Other current liabilities [Member]

Other liabilities [Member]

Other liabilities [Member]

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

Notional Disclosures [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Derivative, Maturity Date

'

1-May-16

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Foreign exchange contract outstanding

'

'

€ 5,300,000

£ 200,000

¥ 2,200,000

'

€ 13,300,000

£ 200,000

¥ 10,100,000

'

'

'

'

'

'

'

'

'

'

Estimated fair value of the contracts in the consolidated balance sheets [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Asset derivatives

49,000

'

'

'

'

142,000

'

'

'

'

'

49,000

140,000

0

2,000

'

'

'

'

Liability derivatives

-319,000

'

'

'

'

-655,000

'

'

'

'

'

'

'

'

'

-315,000

-637,000

-4,000

-18,000

Net fair value

'

'

'

'

'

'

'

'

'

-270,000

-513,000

'

'

'

'

'

'

'

'

Gain (loss) from derivative instruments [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Foreign exchange contracts- change in fair value

243,000

549,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Remeasurement of related contract receivables, billings in excess of revenue earned, and subcontractor accruals

-139,000

-282,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Gain on derivative instruments, net

$104,000

$267,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

StockBased_Compensation_Detail

Stock-Based Compensation (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Stock-Based Compensation [Abstract]	'	'
Pre-tax share based compensation expense	$178,000	$224,000
Shares granted under stock options (in shares)	60,000	64,500
Fair value of shares granted under stock option plan	$56,000	$78,000

LongTerm_Debt_Details

Long-Term Debt (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014
	Bond
	Letter
Line of Credit Facility [Line Items]	'
Interest rate floor related to Susquehanna Bank agreement (in hundredths)	4.50%
Performance Bond Abstract	'
Number of Standby Letters of Credit	9
Number of Surety Bonds	2
Letter of Credit and Surety Bonds	$3.40
Number of Performance and Bid Bonds issued in relation to contracts	10
Number of stand by letters of credit deposited in escrow accounts	4
Amount of escrow accounts, which are restricted until the associated standby letters of credit have expired	1
First Line of Credit [Member]	'
Line of Credit Facility [Line Items]	'
Principal amount of the Susquehanna line of credit	7.5
Expiration date of credit agreements with Susquehanna Bank	30-Jun-14
Minimum Cash Balance Requirement	$3
Number of consecutive quarters entity must attain positive net income	2
Minimum tangible capital base - Covenant Description	'Must Exceed $26.0 million
Minimum tangible capital base - Covenant Compliance	'$26.7 million
Quick ratio - Covenant Description	'Must Exceed 2.00 : 1.00
Quick ratio- Covenant Compliance	'2.54 : 1.00
Tangible capital base ratio - Covenant Description	'Not to Exceed .75 : 1.00
Tangible capital base ratio - Covenant Compliance	'.58 : 1.00

Product_Warranty_Details

Product Warranty (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014
Activities in product warranty account [Abstract]	'
Balance at December 31, 2012	$1,851
Warranty provision	184
Warranty claims	-244
Currency adjustment	-1
Balance at March 31, 2014	$1,790

Contingent_Consideration_Detai

Contingent Consideration (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Dec. 31, 2013
			Contingent consideration accrued, current [Member]	Contingent consideration accrued, current [Member]	Contingent consideration accrued, noncurrent [Member]	Contingent consideration accrued, noncurrent [Member]
Business Combination, Contingent Consideration Arrangements [Abstract]	'	'	'	'	'	'
Business Combination, Contingent Consideration, Liability	'	'	$429	$492	$0	$409
Payments of the liability-classified contingent consideration arrangements	$500	$979	'	'	'	'

Income_Taxes_Details

Income Taxes (Details)	3 Months Ended
	Mar. 31, 2014
Income Taxes [Abstract]	'
Minimum probability of uncertain tax position to be recognized (in hundredths)	50.00%
Minimum percentage of tax position realized upon ultimate settlement (in hundredths)	50.00%

Preferred_Stock_Rights_Details

Preferred Stock Rights (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Mar. 21, 2011
			Preferred Stock Rights Agreement [Member]	Preferred Stock Rights Agreement [Member]
				Right
Preferred Stock Rights	'	'	'	'
Date on which dividends payable was declared by Board of Directors	'	'	21-Mar-11	'
Number of preferred stock purchase right declared for each outstanding common stock (per right)	'	'	'	1
Common stock, par value (in dollars per share)	$0.01	$0.01	'	$0.01
Number of rights issued with each issuance of common stock (per right)	'	'	'	1
Term of stockholder protection rights agreement	'	'	'	'3 years
Rights Agreement Amendment Date	'	'	21-Mar-14	'
Term of the Rights Agreement extension	'	'	'2 years	'
Rights Agreement Expiration Date	'	'	21-Mar-16	'
Fraction of participating preferred stock that can be exercised as a result of right	'	'	'	0.01
Exercise price of right (in dollars per share)	'	'	'	$8
Minimum percentage of common stock owned for right to become exercisable (in hundredths)	'	'	'	20.00%
Redemption price per right (in dollars per share)	'	'	'	$0.00
Number of common stock exchange for rights (in shares)	'	'	'	1
Percentage of common stock acquired to cause substantial dilution (in hundredths)	'	'	'	20.00%

Share_Repurchase_Plan_Details

Share Repurchase Plan (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 21, 2011
Share Repurchase Plan [Abstract]	'	'	'
Date on which the share repurchase plan was approved by the Board of Directors	'	'	21-Mar-11
Share Repurchase Plan Completion Date	31-Oct-13	'	'
Authorized amount under share repurchase plan by Board of Directors	$3,000,000	'	'
Stock repurchased during period (in shares)	'	1,100	'
Stock repurchased during period	'	$2,000	'