Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Operations

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Condensed Consolidated Statements Of Operations (USD $)
In Thousands, except Share data
 3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
Assets under management or administration $ 25,427 $ 18,715 $ 48,698 $ 35,111
Licensing and professional services 5,907 5,532 11,898 10,768
Total revenues 31,334 24,247 60,596 45,879
Operating expenses:        
Cost of revenues 10,917 7,698 21,045 14,718
Compensation and benefits 10,387 9,183 20,533 17,273
General and administration 5,258 5,082 10,134 12,191
Depreciation and amortization 1,578 1,428 3,126 2,759
Restructuring charges 43 67 53 819
Total operating expenses 28,183 23,458 54,891 47,760
Income (loss) from operations 3,151 789 5,705 (1,881)
Other income (expense):        
Interest income 20 41 46 85
Interest expense (204) (128) (415) (128)
Other income 1,100   1,100  
Unrealized gain (loss) on investments 1 (3) 4  
Total other income (expense) 917 (90) 735 (43)
Income (loss) before income tax provision 4,068 699 6,440 (1,924)
Income tax provision 1,621 306 2,589 194
Net income (loss) 2,447 393 3,851 (2,118)
Less preferred stock dividends   (179)   (357)
Less net income allocated to participating preferred stock   (107)    
Net income (loss) attributable to common stockholders $ 2,447 $ 107 $ 3,851 $ (2,475)
Net income (loss) per share attributable to common stockholders:        
Basic $ 0.08 $ 0.01 $ 0.12 $ (0.19)
Diluted $ 0.07 $ 0.01 $ 0.12 $ (0.19)
Weighted average common shares outstanding:        
Basic 31,591,412 13,068,492 31,502,139 13,017,943
Diluted 32,969,824 14,081,578 32,912,916 13,017,943