Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v2.4.0.6
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenues:    
Assets under management or administration $ 28,263 $ 23,271
Licensing and professional services 4,379 5,991
Total revenues 32,642 29,262
Operating expenses:    
Cost of revenues 11,526 10,128
Compensation and benefits 10,685 10,146
General and administration 6,773 4,876
Depreciation and amortization 2,399 1,548
Restructuring charges 27 10
Total operating expenses 31,410 26,708
Income from operations 1,232 2,554
Other income (expense):    
Interest income 9 26
Interest expense (3) (211)
Gain on investments   3
Total other income (expense) 6 (182)
Income before income tax provision 1,238 2,372
Income tax provision 498 968
Net income $ 740 $ 1,404
Net income per share:    
Basic $ 0.02 $ 0.04
Diluted $ 0.02 $ 0.04
Weighted average common shares outstanding:    
Basic 31,857,598 31,433,964
Diluted 32,901,969 32,872,600