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
Sep. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 21,133 $ 64,909
Fees receivable 10,692 9,644
Deferred tax assets, net 611 192
Prepaid expenses and other current assets 2,936 4,040
Total current assets 35,372 78,785
Property and equipment, net 12,294 11,091
Internally developed software, net 4,053 3,524
Intangible assets, net 28,910 12,225
Goodwill 66,152 22,223
Deferred tax assets, net 7,187 6,692
Other non-current assets 3,544 3,162
Total assets 157,512 137,702
Current liabilities:    
Accrued expenses 18,892 14,919
Accounts payable 2,519 1,974
Note payable   171
Deferred revenue 5,340 79
Total current liabilities 26,751 17,143
Deferred rent liability 2,038 1,414
Lease incentive liability 4,020 2,933
Other non-current liabilities 752 573
Total liabilities 33,561 22,063
Commitments and contingencies      
Stockholders' equity    
Preferred stock      
Common stock, par value $0.005, 500,000,000 shares authorized as of September 30, 2012 and December 31, 2011 respectively, 44,049,285 and 43,515,899 shares issued as of September 30, 2012 and December 31, 2011, respectively, 32,334,451 and 31,810,726 shares outstanding as of September 30, 2012 and December 31, 2011, respectively 220 218
Treasury stock at cost, 11,714,834 and 11,705,173 shares as of September 30, 2012 and December 31, 2011, respectively (10,543) (10,421)
Additional paid-in capital 171,393 163,584
Accumulated deficit (37,119) (37,742)
Total stockholders' equity 123,951 115,639
Total liabilities and stockholders' equity $ 157,512 $ 137,702