Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues:        
Assets under management or administration $ 33,223 $ 25,971 $ 92,498 $ 74,669
Licensing and professional services 9,060 6,069 20,389 17,967
Total revenues 42,283 32,040 112,887 92,636
Operating expenses:        
Cost of revenues 15,088 11,429 40,163 32,474
Compensation and benefits 15,261 10,160 40,031 30,693
General and administration 7,621 5,675 22,542 15,809
Depreciation and amortization 3,393 1,550 9,016 4,676
Restructuring charges 0 0 115 53
Total operating expenses 41,363 28,814 111,867 83,705
Income from operations 920 3,226 1,020 8,931
Other income (expense):        
Interest income 3 19 26 65
Interest expense   (206) (3) (621)
Other income       1,100
Loss on investments   (8)   (4)
Total other income (expense) 3 (195) 23 540
Income before income tax provision 923 3,031 1,043 9,471
Income tax provision 372 1,106 420 3,695
Net income $ 551 $ 1,925 $ 623 $ 5,776
Net income per share:        
Basic $ 0.02 $ 0.06 $ 0.02 $ 0.18
Diluted $ 0.02 $ 0.06 $ 0.02 $ 0.18
Weighted average common shares outstanding:        
Basic 32,296,636 31,760,998 32,102,386 31,589,279
Diluted 33,358,706 32,871,269 33,179,044 32,937,601