Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 32,218 $ 29,983
Fees receivable 10,811 9,188
Deferred tax assets, net 1,800 2,089
Prepaid expenses and other current assets 2,830 2,501
Total current assets 47,659 43,761
Property and equipment, net 11,273 11,791
Internally developed software, net 4,678 4,324
Intangible assets, net 25,566 27,150
Goodwill 65,644 65,644
Deferred tax assets, net 7,053 6,194
Other non-current assets 3,776 3,535
Total assets 165,649 162,399
Current liabilities:    
Accrued expenses 20,461 20,201
Accounts payable 2,492 2,614
Deferred revenue 6,229 5,768
Total current liabilities 29,182 28,583
Deferred rent liability 2,348 2,195
Lease incentive liability 3,753 3,886
Other non-current liabilities 1,673 1,739
Total liabilities 36,956 36,403
Commitments and contingencies      
Stockholders' equity    
Preferred stock      
Common stock, par value $0.005, 500,000,000 shares authorized as of March 31, 2013 and December 31, 2012; 44,151,578 and 44,071,564 shares issued as of March 31, 2013 and December 31, 2012, respectively; 32,411,665 and 32,355,675 shares outstanding as of March 31, 2013 and December 31, 2012, respectively 221 220
Additional paid-in capital 176,133 173,611
Accumulated deficit (36,736) (37,277)
Treasury stock at cost, 11,739,913 and 11,715,889 shares as of March 31, 2013 and December 31, 2012, respectively (10,925) (10,558)
Total stockholders' equity 128,693 125,996
Total liabilities and stockholders' equity $ 165,649 $ 162,399