0000822418 2009-12-31 0000822418 2011-07-01 2011-09-30 0000822418 2010-07-01 2010-09-30 0000822418 2011-10-31 0000822418 2010-12-31 0000822418 2011-09-30 0000822418 2010-09-30 0000822418 2010-01-01 2010-09-30 0000822418 2011-01-01 2011-09-30 iso4217:USD xbrli:shares xbrli:shares iso4217:USD Note 6 – Accounts Receivable and Allowance for Doubtful Accounts   The Company maintains allowances for doubtful accounts on a specific identification method for estimated losses resulting from the inability of its customers to make required payments. If the financial condition of its customers were to deteriorate, resulting in an impairment of the customers' ability to make payments, additional allowances may be required. The Company does not have any off-balance-sheet credit exposure related to its customers, and the trade accounts receivable do not bear interest.   <table style="border-collapse: collapse; font-family: 'Calibri','sans-serif'; margin-left: 4.8pt; font-size: 11pt;" class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0"> <tr style="height: 13.2pt;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 234.6pt; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="bottom" width="313"> (in thousands)</td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 1.5in; padding-right: 5.4pt; height: 13.2pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="144"> September 30, 2011</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 13.5pt; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="top" width="18">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 1.5in; padding-right: 5.4pt; height: 13.2pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="144"> December 31, 2010</td></tr> <tr style="height: 13.2pt;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 234.6pt; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="bottom" width="313"> Billed trade accounts receivable </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 1.5in; padding-right: 5.4pt; height: 13.2pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="144"> $12,703</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 13.5pt; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="top" width="18">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 1.5in; padding-right: 5.4pt; height: 13.2pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="144"> $11,085</td></tr> <tr style="height: 13.2pt;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 234.6pt; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="bottom" width="313"> Unbilled trade accounts receivable </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 1.5in; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="bottom" width="144"> 779</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 13.5pt; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="top" width="18">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 1.5in; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="bottom" width="144"> 782</td></tr> <tr style="height: 13.2pt;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 234.6pt; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="bottom" width="313"> Other </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 1.5in; padding-right: 5.4pt; height: 13.2pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="144"> -</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 13.5pt; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="top" width="18">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 1.5in; padding-right: 5.4pt; height: 13.2pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="144"> 14</td></tr> <tr style="height: 13.2pt;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 234.6pt; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="bottom" width="313"> Total Receivables </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 1.5in; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="bottom" width="144"> $13,482</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 13.5pt; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="top" width="18">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 1.5in; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="bottom" width="144"> $11,881</td></tr> <tr style="height: 13.2pt;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 234.6pt; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="bottom" width="313">      </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 1.5in; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="bottom" width="144">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 13.5pt; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="top" width="18">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 1.5in; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="bottom" width="144">  </td></tr> <tr style="height: 13.2pt;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 234.6pt; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="bottom" width="313"> Allowance Rollforward (in thousands):</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 1.5in; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="bottom" width="144">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 13.5pt; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="top" width="18">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 1.5in; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="bottom" width="144">  </td></tr> <tr style="height: 13.2pt;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 234.6pt; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="bottom" width="313"> Balance at January 1, 2011 </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 1.5in; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="bottom" width="144"> $15</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 13.5pt; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="top" width="18">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 1.5in; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="bottom" width="144">  </td></tr> <tr style="height: 13.2pt;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 234.6pt; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="bottom" width="313"> Additions </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 1.5in; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="bottom" width="144"> -</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 13.5pt; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="top" width="18">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 1.5in; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="bottom" width="144">  </td></tr> <tr style="height: 13.2pt;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 234.6pt; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="bottom" width="313"> Write offs (Recoveries) </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 1.5in; padding-right: 5.4pt; height: 13.2pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="144"> (15)</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 13.5pt; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="top" width="18">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 1.5in; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="bottom" width="144">  </td></tr> <tr style="height: 13.2pt;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 234.6pt; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="bottom" width="313"> Balance at September 30, 2011 </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 1.5in; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="bottom" width="144"> $0</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 13.5pt; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="top" width="18">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 1.5in; padding-right: 5.4pt; height: 13.2pt; padding-top: 0in;" valign="bottom" width="144">  </td></tr></table> 245000 114000 309000 1369000 1000000 2000000 1886000 false --12-31 Q3 2011 2011-09-30 10-Q 0000822418 15659975 Smaller Reporting Company BIOCLINICA INC

1983000

2168000

11866000

13482000

25000

69000

48074000

49231000

473000

194000

467000

155000

80029000

85025000

28435000

32466000

-459000

2468000

58000

91000

635000

119000

162000

-3783000

-2843000

168000

342000

918000

710000

1296000

14570000

11816000

10443000

12292000

-2754000

1849000

Note 5 – Commitments and Contingencies   On May 5, 2010, the Company entered into an unsecured, committed line of credit with PNC Bank expiring May 5, 2012. In April 2011, the Company extended the expiration date of this line of credit to May 4, 2013.  Under the credit agreement, the Company has the ability to borrow $7.5 million at interest rates equal to LIBOR plus 1.75%.  In addition, the Company pays a fee of 0.25% per annum on the loan commitment regardless of usage.  The credit agreement requires our compliance with certain covenants, including maintaining a minimum stockholders' equity of $35 million. As of September 30, 2011, the Company had no borrowings under this line of credit and was compliant with the covenants.

0.00025

36000000

15631664

15662550

15631664

15662550

4000

1885000

974000

1677000

311000

9413000

2352000

11887000

4847000

29109000

10212000

31432000

10434000

47000

829000

13395000

13377000

3625000

4098000

128000

87000

1845000

3107000

2501000

3310000

0.13

0.05

0.10

0.02

0.12

0.05

0.10

0.02

Note 4 – Earnings Per Share   Basic income per common share for the three and nine months ended September 30, 2011 and 2010 was calculated by dividing the net income available to Common Stockholders by the weighted average number of shares of Common Stock outstanding during the period. Diluted income per share for the three and nine months ended September 30, 2011 and 2010 was calculated by dividing net income by the weighted average number of shares of Common Sstock outstanding, adjusted for the effect of potentially dilutive securities using the treasury stock method. The computation of basic income per common share and diluted income per common share was as follows:   <table style="border-collapse: collapse; font-family: 'Times New Roman','serif'; margin-left: 0px !important; font-size: 10pt;" class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="666"> <tr style="height: 32.85pt;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 189.05pt; padding-right: 5.4pt; height: 32.85pt; padding-top: 0in;" width="252"> (in thousands, except per share data)</td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 148.75pt; padding-right: 5.4pt; height: 32.85pt; border-top: medium none; border-right: medium none; padding-top: 0in;" width="198" colspan="3"> Three Months Ended September 30,</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 32.85pt; padding-top: 0in;" valign="top" width="17">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 148.75pt; padding-right: 5.4pt; height: 32.85pt; border-top: medium none; border-right: medium none; padding-top: 0in;" width="198" colspan="3"> Nine Months Ended September 30,</td></tr> <tr style="height: 18.5pt;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 189.05pt; padding-right: 5.4pt; height: 18.5pt; padding-top: 0in;" width="252">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 18.5pt; border-top: medium none; border-right: medium none; padding-top: 0in;" width="91"> 2011</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 18.5pt; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" width="17">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 18.5pt; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" width="91"> 2010</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 18.5pt; padding-top: 0in;" width="17">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 18.5pt; border-top: medium none; border-right: medium none; padding-top: 0in;" width="91"> 2011</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 18.5pt; padding-top: 0in;" width="17">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 18.5pt; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" width="91"> 2010</td></tr> <tr style="height: 0.2in;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 189.05pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="252"> Net income  – basic and diluted</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; border-top: medium none; border-right: medium none; padding-top: 0in;" width="91"> $358</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; border-top: medium none; border-right: medium none; padding-top: 0in;" width="91"> $808</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; border-top: medium none; border-right: medium none; padding-top: 0in;" width="91"> $1,633</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; border-top: medium none; border-right: medium none; padding-top: 0in;" width="91"> $1,922</td></tr> <tr style="height: 0.2in;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 189.05pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="252">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" width="91">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" width="91">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" width="91">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" width="91">  </td></tr> <tr style="height: 0.2in;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 189.05pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="252"> Denominator – basic:</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="91">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="91">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="91">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="91">  </td></tr> <tr style="height: 0.2in;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 189.05pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="252"> Weighted average number</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="91">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="91">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="91">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="91">  </td></tr> <tr style="height: 0.2in;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 189.05pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="252">    of common shares</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="91"> 15,640</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="91"> 15,174</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="91"> 15,645</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="91"> 14,958</td></tr> <tr style="height: 0.2in;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 189.05pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="252">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="91">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="91">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="91">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="91">  </td></tr> <tr style="height: 0.2in;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 189.05pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="252"> Basic income per common share</td> <td style="border-bottom: windowtext 3px double; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; border-top: medium none; border-right: medium none; padding-top: 0in;" width="91"> $0.02</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="border-bottom: windowtext 3px double; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; border-top: medium none; border-right: medium none; padding-top: 0in;" width="91"> $0.05</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="border-bottom: windowtext 3px double; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; border-top: medium none; border-right: medium none; padding-top: 0in;" width="91"> $0.10</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="border-bottom: windowtext 3px double; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; border-top: medium none; border-right: medium none; padding-top: 0in;" width="91"> $0.13</td></tr> <tr style="height: 0.2in;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 189.05pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="252">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; border-top: medium none; border-right: medium none; padding-top: 0in;" width="91">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; border-top: medium none; border-right: medium none; padding-top: 0in;" width="91">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; border-top: medium none; border-right: medium none; padding-top: 0in;" width="91">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; border-top: medium none; border-right: medium none; padding-top: 0in;" width="91">  </td></tr> <tr style="height: 0.2in;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 189.05pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="252"> Denominator – diluted:</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="91">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="91">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="91">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="91">  </td></tr> <tr style="height: 0.2in;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 189.05pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="252"> Weighted average number</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="91">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="91">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="91">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="91">  </td></tr> <tr style="height: 0.2in;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 189.05pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="252">    of common shares</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="91"> 15,640</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="91"> 15,174</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="91"> 15,645</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="91"> 14,958</td></tr> <tr style="height: 36.45pt;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 189.05pt; padding-right: 5.4pt; height: 36.45pt; padding-top: 0in;" width="252"> Common share equivalents    of outstanding convertible equity and    unrecognized compensation expense</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 36.45pt; padding-top: 0in;" width="91">   743</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 36.45pt; padding-top: 0in;" width="17">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 36.45pt; padding-top: 0in;" width="91">   622</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 36.45pt; padding-top: 0in;" width="17">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 36.45pt; padding-top: 0in;" width="91">   870</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 36.45pt; padding-top: 0in;" width="17">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 36.45pt; padding-top: 0in;" width="91">   772</td></tr> <tr style="height: 14.9pt;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 189.05pt; padding-right: 5.4pt; height: 14.9pt; padding-top: 0in;" width="252"> Weighted average number  of</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 14.9pt; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" width="91">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 14.9pt; padding-top: 0in;" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 14.9pt; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" width="91">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 14.9pt; padding-top: 0in;" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 14.9pt; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" width="91">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 14.9pt; padding-top: 0in;" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 14.9pt; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" width="91">  </td></tr> <tr style="height: 0.2in;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 189.05pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="252">    dilutive common equity shares</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="91"> 16,383</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="91"> 15,796</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="91"> 16,515</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="91"> 15,730</td></tr> <tr style="height: 0.2in;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 189.05pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="252">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" width="91">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" width="91">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" width="91">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" width="91">  </td></tr> <tr style="height: 0.2in;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 189.05pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="252"> Diluted income per </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="91">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="91">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="91">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="91">  </td></tr> <tr style="height: 0.2in;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 189.05pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="252">    common share</td> <td style="border-bottom: windowtext 3px double; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; border-top: medium none; border-right: medium none; padding-top: 0in;" width="91"> $0.02</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="border-bottom: windowtext 3px double; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; border-top: medium none; border-right: medium none; padding-top: 0in;" width="91"> $0.05</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="border-bottom: windowtext 3px double; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; border-top: medium none; border-right: medium none; padding-top: 0in;" width="91"> $0.10</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.95pt; padding-right: 5.4pt; height: 0.2in; padding-top: 0in;" width="17">  </td> <td style="border-bottom: windowtext 3px double; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.9pt; padding-right: 5.4pt; height: 0.2in; border-top: medium none; border-right: medium none; padding-top: 0in;" width="91"> $0.12</td></tr></table>  Options to purchase 536,000 and 576,000 shares of BioClinica's common stock respectively, had been excluded from the calculation of diluted earnings per common share for the nine months ended September 30, 2011 and September 30, 2010, respectively, as they were all antidilutive. Options to purchase 563,000 and 779,000 shares of BioClinica's common stock respectively, had been excluded from the calculation of diluted earnings per common share for the three months ended September 30, 2011 and September 30, 2010, respectively, as they were all antidilutive.

1000

26000

-35000

100000

6057000

2069000

7027000

2434000

34302000

3120000

1295000

2501000

467000

1802000

736000

1198000

487000

868000

109000

-199000

113000

-278000

1603000

-1136000

-89000

-1127000

-19000

-17000

42000

368000

742000

625000

89000

2430000

1963000

7000

32000

14000

7000

32000

18000

10000

6000

2000

25150000

28096000

80029000

85025000

19829000

22072000

251000

115000

-6079000

-4195000

3073000

5903000

1922000

808000

1633000

358000

125000

74000

52552000

17036000

59018000

20991000

3109000

1285000

2527000

479000

Note 1 - Interim Financial Statements Basis of Presentation. The financial statements included in this Quarterly Report on Form 10-Q have been prepared by us, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP in the United States of America have been condensed or omitted pursuant to such rules and regulations. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2010. In the opinion of management, the accompanying consolidated financial statements contain all adjustments, consisting solely of those which are of a normal recurring nature, necessary for a fair statement of the results for the interim periods. Interim results are not necessarily indicative of results for the full fiscal year. As  previously disclosed in the Company's Annual Report on Form 10-K for the year ended December 31, 2010, the Company identified and corrected clerical billing errors in the quarter ending June 30, 2010 that overstated service revenue and income from operations by $155,000 ($94,000 net of tax) and understated the quarter ending September 30, 2010 service revenue and income from operations by $155,000 ($94,000 net of tax). The Company determined that these adjustments were not material to its consolidated financial statements for any of the quarterly periods affected. The Company has revised the financial statements for the quarter ended September 30, 2010 presented herein. Functional Currency. The functional currency of each of the Company's foreign operations is the local currency of the country in which the operation is located. All assets and liabilities are translated into U.S. dollars using exchange rates in effect at the balance sheet date. Revenue and expenses are translated using average exchange rates during the period. Increases and decreases in net assets resulting from foreign currency translation are reflected in stockholder's equity as a component of accumulated other comprehensive income (loss). The equity adjustment from foreign currency translation was $44,000 and $(37,000) for the nine months ended September 30, 2011 and 2010, respectively. Recently Issued Accounting Pronouncements.   In May 2011, the FASB issued Accounting Standards Update (ASU) No. 2011-04, Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and International Financial Reporting Standards (Topic 820)—Fair Value Measurement (ASU 2011-04), to provide a consistent definition of fair value and ensure that the fair value measurement and disclosure requirements are similar between U.S. GAAP and International Financial Reporting Standards. ASU 2011-04 changes certain fair value measurement principles and enhances the disclosure requirements particularly for level 3 fair value measurements. ASU 2011-04 is effective for the Company in the first quarter of fiscal 2012 and should be applied prospectively. The Company is currently evaluating the impact of the pending adoption of ASU 2011-04 on its consolidated financial statements.   In June 2011, the FASB issued authoritative guidance that eliminates the option to present components of other comprehensive income as part of the statement of changes in stockholders' equity, among other updates to the presentation of comprehensive income. Under this guidance, an entity has the option to present the total of comprehensive income, the components of net income and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. In addition, an entity is required to present on the face of the financial statements reclassification adjustments for items that are reclassified from other comprehensive income to net income in the statement(s) where the components of net income and the components of other comprehensive income are presented. This guidance will be effective for BioClinica, Inc. on January 1, 2012 and will impact the presentation of the Company's consolidated financial statements. In September 2011, the FASB issued authoritative guidance that allows an entity to use a qualitative approach to test goodwill for impairment. Under this guidance, an entity has the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If, after assessing the totality of events or circumstances, an entity determines it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then performing the two-step impairment test is unnecessary. In addition, an entity has the option to bypass the qualitative assessment for any reporting unit in any period and proceed directly to performing the first step of the two-step goodwill impairment test. This guidance will be effective for BioClinica's goodwill impairment tests performed after December 31, 2011 and is not expected to have a material impact on the Company's consolidated financial statements.

705000

748000

-37000

166000

44000

-47000

4283000

4185000

880000

1621000

784000

157000

2296000

1352000

0.00025

3000000

2501000

2594000

21000

138000

14029000

15459000

-9000

-15000

9413000

2352000

11887000

4847000

<a name="_DV_M587"> </a>Note 2 – Restructuring charges   In 2011, the Company realigned its global resources to eliminate certain duplicate functions and took a total restructuring charge of $1.7 million for the nine months ended September 30, 2011. This restructuring charge was comprised of $656,000 in employee severance, $884,000 write-off of facility lease obligations and $179,000 in legal and other costs.   The Company has paid $715,000 of the restructuring cost as of September 30, 2011 and the $1,004,000 remaining to be paid is included in Accrued Expense and Other Current Liabilities on the Consolidated Balance Sheet. $120,000 of the unpaid restructuring costs will be paid by December 31, 2011 and the remaining $884,000 of the unpaid restructuring cost consists of the facility lease obligations that will be paid out over the remaining term of the leases with the last lease payment in May 2014.

1719000

1040000

6792000

8425000

55661000

18321000

61545000

21470000

195000

918000

46248000

15969000

49658000

16623000

6865000

2090000

6324000

2081000

791000

1019000

54879000

56929000

Note 3 – Stockholders' Equity   The following summarizes the activity of the Stockholders' equity accounts for the period from December 31, 2009 through September 30, 2011:   <table style="border-bottom: medium none; border-left: medium none; border-collapse: collapse; font-family: 'Times New Roman','serif'; margin-left: 0px !important; font-size: 10pt; border-top: medium none; border-right: medium none;" class="MsoNormalTable" border="1" cellspacing="0" cellpadding="0" width="732"> <tr style="height: 50.85pt;"><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 121.5pt; padding-right: 5.4pt; height: 50.85pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="162">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 94.9pt; padding-right: 5.4pt; height: 50.85pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="127" colspan="3">     Common Stock</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; height: 50.85pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 45.45pt; padding-right: 5.4pt; height: 50.85pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="61">   Addi-tional Paid-in</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; height: 50.85pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 38.4pt; padding-right: 5.4pt; height: 50.85pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="51"> Treas-ury</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 11.8pt; padding-right: 5.4pt; height: 50.85pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="16">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 53.6pt; padding-right: 5.4pt; height: 50.85pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="71">   Common Stock Considera-tion for</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 49.5pt; padding-right: 5.4pt; height: 50.85pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="66">     Accumulated Retained Earning</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; height: 50.85pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 41.5pt; padding-right: 5.4pt; height: 50.85pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="55">   Other Compre-hensive Gain</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; height: 50.85pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.3pt; padding-right: 5.4pt; height: 50.85pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="56">       Stock-holders'</td></tr> <tr><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 121.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="162"> (in thousands)</td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 39.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="53"> Shares</td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" valign="top" width="17">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.9pt; padding-right: 5.4pt; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" valign="top" width="57"> Amount</td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="17">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 45.45pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="61"> Capital</td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="17">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 38.4pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="51"> Stock</td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 11.8pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="16">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 53.6pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="71"> Earnout</td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 49.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="66"> s</td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="17">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 41.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="55"> (Loss)</td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="17">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.3pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="56"> Equity</td></tr> <tr><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 121.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="162"> Balance at December 31, 2009 </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 39.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="53"> 14,394</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.9pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="57"> $4</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 45.45pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="61"> $43,104</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 38.4pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="51">   -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 11.8pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="16">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 53.6pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="71">   $1,309</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 49.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="66"> 4,039</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 41.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="55"> 79</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.3pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="56"> 48,535</td></tr> <tr><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 121.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="162"> Stock options exercised </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 39.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="53"> 265</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.9pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="57"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 45.45pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="61"> 122</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 38.4pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="51"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 11.8pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="16">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 53.6pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="71">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 49.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="66"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 41.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="55"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.3pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="56"> 122</td></tr> <tr><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 121.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="162"> Restricted shares issued </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 39.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="53"> 48</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.9pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="57"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 45.45pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="61"> (55)</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 38.4pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="51"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 11.8pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="16">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 53.6pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="71">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 49.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="66"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 41.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="55"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.3pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="56"> (55)</td></tr> <tr><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 121.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="162"> Stock consideration for acquisition </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 39.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="53"> 350</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.9pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="57"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 45.45pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="61"> 1,309</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 38.4pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="51">   -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 11.8pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="16">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 53.6pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="71">   (1,309)</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 49.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="66"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 41.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="55"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.3pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="56"> -</td></tr> <tr><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 121.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="162"> Stock issues for acquisitions.. </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 39.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="53"> 578</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.9pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="57"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 45.45pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="61"> 2,468</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 38.4pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="51"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 11.8pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="16">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 53.6pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="71">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 49.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="66"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 41.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="55"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.3pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="56"> 2,468</td></tr> <tr><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 121.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="162"> Stock based compensation </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 39.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="53"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.9pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="57"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 45.45pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="61"> 1,080</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 38.4pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="51"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 11.8pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="16">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 53.6pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="71">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 49.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="66"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 41.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="55"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.3pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="56"> 1,080</td></tr> <tr><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 121.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="162"> Purchase of treasury stock </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 39.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="53"> (3)</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.9pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="57"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 45.45pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="61"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 38.4pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="51"> (16)</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 11.8pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="16">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 53.6pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="71">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 49.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="66"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 41.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="55"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.3pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="56"> (16)</td></tr> <tr><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 121.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="162"> Tax benefit on exercise of stock options </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 39.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="53"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.9pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="57"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 45.45pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="61"> 46</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 38.4pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="51">   -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 11.8pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="16">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 53.6pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="71">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 49.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="66"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 41.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="55"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.3pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="56"> 46</td></tr> <tr><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 121.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="162"> Equity adjustment from foreign currency translation </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 39.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="53"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.9pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="57"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 45.45pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="61"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 38.4pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="51">   -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 11.8pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="16">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 53.6pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="71">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 49.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="66"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 41.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="55"> (54)</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.3pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="56"> (54)</td></tr> <tr><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 121.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="162"> Net income </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 39.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="53"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.9pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="57"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 45.45pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="61"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 38.4pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="51"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 11.8pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="16">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 53.6pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="71">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 49.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="66"> 2,753</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 41.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="55"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.3pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="56"> 2,753</td></tr> <tr><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 121.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="162"> Balance at December 31, 2010 </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 39.5pt; padding-right: 5.4pt; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" valign="bottom" width="53"> 15,632</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.9pt; padding-right: 5.4pt; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" valign="bottom" width="57"> $4</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 45.45pt; padding-right: 5.4pt; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" valign="bottom" width="61"> $48,074</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 38.4pt; padding-right: 5.4pt; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" valign="top" width="51">   $(16)</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 11.8pt; padding-right: 5.4pt; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" valign="bottom" width="16">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 53.6pt; padding-right: 5.4pt; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" valign="top" width="71"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 49.5pt; padding-right: 5.4pt; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" valign="bottom" width="66"> $6,792</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 41.5pt; padding-right: 5.4pt; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" valign="bottom" width="55"> $25</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.3pt; padding-right: 5.4pt; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" valign="bottom" width="56"> $54,879</td></tr> <tr><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 121.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="162"> Stock options exercised </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 39.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="53"> 124</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.9pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="57"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 45.45pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="61"> 216</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 38.4pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="51"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 11.8pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="16">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 53.6pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="71"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 49.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="66"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 41.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="55"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.3pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="56"> 216</td></tr> <tr><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 121.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="162"> Restricted shares issued </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 39.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="53"> 64</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.9pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="57"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 45.45pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="61"> (78)</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 38.4pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="51"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 11.8pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="16">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 53.6pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="71"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 49.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="66"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 41.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="55"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.3pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="56"> (78)</td></tr> <tr><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 121.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="162"> Stock based compensation </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 39.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="53"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.9pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="57"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 45.45pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="61"> 1,019</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 38.4pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="51"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 11.8pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="16">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 53.6pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="71"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 49.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="66"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 41.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="55"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.3pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="56"> 1,019</td></tr> <tr><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 121.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="162"> Purchase of treasury stock </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 39.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="53"> (157)</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.9pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="57">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 45.45pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="61"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 38.4pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="51"> (784)</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 11.8pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="16">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 53.6pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="71"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 49.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="66"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 41.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="55"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.3pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="56"> (784)</td></tr> <tr><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 121.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="162"> Equity adjustment from foreign currency translation </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 39.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="53"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.9pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="57"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 45.45pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="61"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 38.4pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="51">   -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 11.8pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="16">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 53.6pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="71">   -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 49.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="66"> -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 41.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="55"> 44</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.3pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="56"> 44</td></tr> <tr><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 121.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="162"> Net income </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 39.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="53"> -</td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.9pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="57"> -</td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 45.45pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="61"> -</td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 38.4pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="51"> -</td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 11.8pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="16">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 53.6pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="71"> -</td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 49.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="66"> 1,633</td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 41.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="55"> -</td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.3pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="56"> 1,633</td></tr> <tr><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 121.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="162"> Balance at September 30, 2011 </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 39.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="53"> 15,663</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.9pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="57"> $4</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 45.45pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="61"> $49,231</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 38.4pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="51">   ($800)</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 11.8pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="16">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 53.6pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="71">   -</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 49.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="66"> $8,425</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 41.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="55"> $69</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.3pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="56"> $56,929</td></tr> <tr><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 121.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="162">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 39.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="53">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.9pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="57">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 45.45pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="61">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 38.4pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="51">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 11.8pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="16">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 53.6pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="71">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 49.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="66">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 41.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="55">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 12.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 42.3pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="56">  </td></tr></table> On December 15, 2010, our Board of Directors authorized $2 million in funds for use in our common stock repurchase program over 18 months from December 2010. Repurchases under the program may be made through open market purchases or privately negotiated transactions in accordance with applicable federal securities laws, including Rule 10b-18. Rule 10b-18 puts limitations on this repurchase program, including but not limited to, the manner of purchase, the time of the repurchases, the prices paid and the volume of shares repurchased. The timing of the repurchases and the exact number of shares of common stock to be purchased will be determined by the discretion of our management under the supervision of the audit committee of our board of directors, and will depend upon market conditions and other factors. The program will be funded using our cash on hand and cash generated from operations. On March 14, 2011, we entered into a 10b5-1 Stock Repurchase Agreement with our broker so we had the ability to repurchase shares of our common stock during our standard blackout periods. The program may be extended, suspended or discontinued at any time. The following table provides information relating to our repurchase of common stock for the three months ended September 30, 2011: <table style="border-bottom: medium none; border-left: medium none; border-collapse: collapse; font-family: 'Times New Roman','serif'; font-size: 10pt; border-top: medium none; border-right: medium none;" class="MsoNormalTable" border="1" cellspacing="0" cellpadding="0"> <tr style="height: 58pt;"><td style="border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; width: 153.9pt; padding-right: 5.4pt; height: 58pt; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-top: 0in;" valign="top" width="205">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.5pt; padding-right: 5.4pt; height: 58pt; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-top: 0in;" valign="top" width="90"> Total Number of Shares Purchased</td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.5pt; padding-right: 5.4pt; height: 58pt; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-top: 0in;" valign="top" width="90"> Average Price Paid per Share</td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 94.5pt; padding-right: 5.4pt; height: 58pt; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-top: 0in;" valign="top" width="126"> Total Number of Shares Purchased as Part of Publicly Announced Program</td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 95.4pt; padding-right: 5.4pt; height: 58pt; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-top: 0in;" valign="top" width="127"> Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program</td></tr> <tr style="height: 0.1in;"><td style="border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; width: 153.9pt; padding-right: 5.4pt; height: 0.1in; border-top: medium none; border-right: windowtext 1pt solid; padding-top: 0in;" valign="top" width="205"> July 1 – July 31, 2011</td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.5pt; padding-right: 5.4pt; height: 0.1in; border-top: medium none; border-right: windowtext 1pt solid; padding-top: 0in;" valign="top" width="90"> 26,200</td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.5pt; padding-right: 5.4pt; height: 0.1in; border-top: medium none; border-right: windowtext 1pt solid; padding-top: 0in;" valign="top" width="90"> $4.78</td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 94.5pt; padding-right: 5.4pt; height: 0.1in; border-top: medium none; border-right: windowtext 1pt solid; padding-top: 0in;" valign="top" width="126"> 26,200</td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 95.4pt; padding-right: 5.4pt; height: 0.1in; border-top: medium none; border-right: windowtext 1pt solid; padding-top: 0in;" valign="top" width="127"> $1,317,507</td></tr> <tr style="height: 0.1in;"><td style="border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; width: 153.9pt; padding-right: 5.4pt; height: 0.1in; border-top: medium none; border-right: windowtext 1pt solid; padding-top: 0in;" valign="top" width="205"> August 1 – August 31, 2011 </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.5pt; padding-right: 5.4pt; height: 0.1in; border-top: medium none; border-right: windowtext 1pt solid; padding-top: 0in;" valign="top" width="90"> 19,000</td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.5pt; padding-right: 5.4pt; height: 0.1in; border-top: medium none; border-right: windowtext 1pt solid; padding-top: 0in;" valign="top" width="90"> $4.75</td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 94.5pt; padding-right: 5.4pt; height: 0.1in; border-top: medium none; border-right: windowtext 1pt solid; padding-top: 0in;" valign="top" width="126"> 19,000</td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 95.4pt; padding-right: 5.4pt; height: 0.1in; border-top: medium none; border-right: windowtext 1pt solid; padding-top: 0in;" valign="top" width="127"> $1,226,614</td></tr> <tr style="height: 0.1in;"><td style="border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; width: 153.9pt; padding-right: 5.4pt; height: 0.1in; border-top: medium none; border-right: windowtext 1pt solid; padding-top: 0in;" valign="top" width="205"> September 1 – September 30, 2011 </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.5pt; padding-right: 5.4pt; height: 0.1in; border-top: medium none; border-right: windowtext 1pt solid; padding-top: 0in;" valign="top" width="90"> 6,500</td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.5pt; padding-right: 5.4pt; height: 0.1in; border-top: medium none; border-right: windowtext 1pt solid; padding-top: 0in;" valign="top" width="90"> $4.84</td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 94.5pt; padding-right: 5.4pt; height: 0.1in; border-top: medium none; border-right: windowtext 1pt solid; padding-top: 0in;" valign="top" width="126"> 6,500</td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 95.4pt; padding-right: 5.4pt; height: 0.1in; border-top: medium none; border-right: windowtext 1pt solid; padding-top: 0in;" valign="top" width="127"> $1,194,918</td></tr> <tr style="height: 0.1in;"><td style="border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; width: 153.9pt; padding-right: 5.4pt; height: 0.1in; border-top: medium none; border-right: windowtext 1pt solid; padding-top: 0in;" valign="top" width="205"> Total</td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.5pt; padding-right: 5.4pt; height: 0.1in; border-top: medium none; border-right: windowtext 1pt solid; padding-top: 0in;" valign="top" width="90"> 51,700</td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 67.5pt; padding-right: 5.4pt; height: 0.1in; border-top: medium none; border-right: windowtext 1pt solid; padding-top: 0in;" valign="top" width="90">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 94.5pt; padding-right: 5.4pt; height: 0.1in; border-top: medium none; border-right: windowtext 1pt solid; padding-top: 0in;" valign="top" width="126"> 51,700</td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 95.4pt; padding-right: 5.4pt; height: 0.1in; border-top: medium none; border-right: windowtext 1pt solid; padding-top: 0in;" valign="top" width="127">  </td></tr></table>

3400

160113

16000

800000

15730000

15796000

16515000

16383000

14958000

15174000

15645000

15640000