Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues:      
Assets under management or administration $ 200,568 $ 127,213 $ 99,236
Licensing and professional services 41,967 30,053 23,942
Total revenues 242,535 157,266 123,178
Operating expenses:      
Cost of revenues 98,970 56,119 42,831
Compensation and benefits 77,442 54,973 40,305
General and administration 44,808 30,617 21,856
Depreciation and amortization 15,329 12,400 6,376
Restructuring charges 474 115 434
Total operating expenses 237,023 154,224 111,802
Income from operations 5,512 3,042 11,376
Other income (expense):      
Interest income 18 29 77
Interest expense   (3) (786)
Other income 182   1,100
Other expense     (1,183)
Loss on investments     (4)
Total other income (expense) 200 26 (796)
Income before income tax provision 5,712 3,068 10,580
Income tax provision 2,052 2,603 2,975
Net and comprehensive income $ 3,660 $ 465 $ 7,605
Net income per share:      
Basic (in dollars per share) $ 0.11 $ 0.01 $ 0.24
Diluted (in dollars per share) $ 0.10 $ 0.01 $ 0.23
Weighted average common shares outstanding:      
Basic (in shares) 33,191,088 32,162,672 31,643,390
Diluted (in shares) 35,666,575 33,341,615 32,863,834