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, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues:      
Assets under management or administration $ 99,236 $ 75,951 $ 56,857
Licensing and professional services 23,942 22,101 21,067
Total revenues 123,178 98,052 77,924
Operating expenses:      
Cost of revenues 42,831 31,444 24,624
Compensation and benefits 40,305 37,027 28,763
General and administration 21,856 21,607 15,726
Depreciation and amortization 6,376 5,703 4,499
Restructuring charges 434 961  
Total operating expenses 111,802 96,742 73,612
Income from operations 11,376 1,310 4,312
Other income (expense):      
Interest income 77 149 221
Interest expense (786) (564)  
Other income 1,100    
Other expense (1,183)    
Gain (loss) on investments (4) 12 19
Impairment of investments     (3,608)
Total other income (expense) (796) (403) (3,368)
Income before income tax provision 10,580 907 944
Income tax provision 2,975 1,533 1,816
Net income (loss) 7,605 (626) (872)
Less preferred stock dividends   (422) (720)
Less net income allocated to participating preferred stock         
Net income (loss) attributable to common stockholders $ 7,605 $ (1,048) $ (1,592)
Net income (loss) per share attributable to common stockholders:      
Basic $ 0.24 $ (0.05) $ (0.12)
Diluted $ 0.23 $ (0.05) $ (0.12)
Weighted average common shares outstanding:      
Basic 31,643,390 20,805,911 12,910,998
Diluted 32,863,834 20,805,911 12,910,998