Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.3.1.900
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2015
Accounting Policies [Abstract]  
Changes in Allowance for Doubtful Accounts
Changes in the allowance for doubtful accounts are as follows:
 
Year Ended December 31,
 
2015
 
2014
 
2013
Allowance for doubtful accounts, beginning of period
$
2,851

 
$
1,519

 
$
1,174

Charges to costs and expenses
1,451

 
1,988

 
502

Account write-offs and other
(573
)
 
(656
)
 
(157
)
Allowance for doubtful accounts, end of period
$
3,729

 
$
2,851

 
$
1,519

Estimated Useful Lives of Property and Equipment
Depreciation and amortization of property and equipment are computed on a straight-line basis over the following estimated useful lives:
Asset Classification
 
Estimated Useful Life
Furniture and office equipment
 
Five years
Computer equipment and software costs
 
Three to five years
Leasehold improvements
 
Lesser of term of lease or five years
Automobiles
 
Five years
Land
 
Unlimited
Property and equipment consists of the following:
 
December 31,
 
2015
 
2014
Furniture and office equipment
$
5,120

 
$
5,055

Computer equipment and software costs
18,024

 
17,237

Leasehold improvements
2,690

 
2,707

Automobiles
1,126

 
1,099

Land
520

 
520

 Property and equipment, gross
27,480

 
26,618

Less - accumulated depreciation
(22,152
)
 
(19,246
)
Property and equipment, net
$
5,328

 
$
7,372

Basic and Diluted Earnings Per Share Calculation, Numerator and Denominator
When the effects are not anti-dilutive, diluted earnings per share is calculated using the weighted-average outstanding common shares; the dilutive effect of convertible preferred stock, under the “if converted” method; and the treasury stock method with regard to warrants and stock options; all as determined under the treasury stock method.
 
Year Ended December 31,
 
2015
 
2014
 
2013
Net income attributable to shareholders
$
2,977

 
$
10,383

 
$
2,414

Basic weighted-average shares outstanding
46,494,448

 
46,161,846

 
45,560,078

Effect of dilutive securities:
 

 
 

 
 

Stock options
1,170,447

 
865,909

 
1,125,047

Diluted weighted-average shares outstanding
47,664,895

 
47,027,755

 
46,685,125