Benefit from
income taxes (1,218) (587) (5,856) (4,483)
Net loss $(3,833) $(3,382) $(11,361) $(12,150)
SPHERIS INC.
Condensed Consolidated Balance Sheets
(Amounts in Thousands, Except Share Amounts)
December 31,
2007 2006
Assets
Current assets
Unrestricted cash and cash equivalents $7,195 $6,323
Restricted cash 309 529
Accounts receivable, net of allowance of
$1,569 and $1,191, respectively 33,595 33,576
Deferred taxes 3,386 2,775
Prepaid expenses and other current assets 4,460 3,463
Total current assets 48,945 46,666
Property and equipment, net 12,747 12,435
Internal-use software, net 1,932 3,679
Customer contracts, net 13,968 29,943
Goodwill 218,841 219,311
Other noncurrent assets 3,689 3,714
Total assets $300,122 $315,748
Liabilities and stockholders' equity
Current liabilities
Accounts payable $4,237 $2,520
Accrued wages and benefits 18,130 17,066
Current portion of long-term debt and
capital lease obligations 35 809
Other current liabilities 4,324
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