Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v2.4.1.9
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2014
Accounting Policies [Abstract]  
Changes in Allowance for Doubtful Accounts
Changes in the allowance for doubtful accounts are as follows:
 
Year Ended December 31,
 
2014
 
2013
 
2012
Balance, beginning of period
$
1,519

 
$
1,174

 
$
1,135

Charges to costs and expenses
1,988

 
502

 
149

Account write-offs and other
(656
)
 
(157
)
 
(110
)
Balance, end of period
$
2,851

 
$
1,519

 
$
1,174

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,
 
2014
 
2013
Furniture and office equipment
$
5,055

 
$
5,002

Computer equipment and software costs
17,237

 
15,970

Leasehold improvements
2,707

 
2,560

Automobiles
1,099

 
1,055

Land
520

 
520

 Property and equipment, gross
26,618

 
25,107

Less - accumulated depreciation
(19,246
)
 
(16,408
)
Property and equipment, net
$
7,372

 
$
8,699

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,
 
2014
 
2013
 
2012
Net income
$
10,383

 
$
2,414

 
$
18,360

Basic weighted-average shares outstanding
46,161,846

 
45,560,078

 
44,649,275

Effect of dilutive securities:
 

 
 

 
 

Stock options
556,294

 
859,121

 
1,346,188

Diluted weighted-average shares outstanding
46,718,140

 
46,419,199

 
45,995,463