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, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues:        
Assets under management or administration $ 41,234 $ 31,012 $ 77,570 $ 59,275
Licensing and professional services 10,398 6,950 20,687 11,329
Total revenues 51,632 37,962 98,257 70,604
Operating expenses:        
Cost of revenues 19,638 13,549 36,446 25,075
Compensation and benefits 17,194 14,085 34,412 24,770
General and administration 9,962 8,148 18,855 14,921
Depreciation and amortization 3,081 3,224 6,199 5,623
Restructuring charges   88   115
Total operating expenses 49,875 39,094 95,912 70,504
Income (loss) from operations 1,757 (1,132) 2,345 100
Other income (expense):        
Interest income 4 14 9 23
Interest expense       (3)
Other income 182   182  
Total other income (expense) 186 14 191 20
Income (loss) before income tax provision (benefit) 1,943 (1,118) 2,536 120
Income tax provision (benefit) 825 (450) 877 48
Net income (loss) $ 1,118 $ (668) $ 1,659 $ 72
Net income (loss) per share:        
Basic (in dollars per share) $ 0.03 $ (0.02) $ 0.05 $ 0.00
Diluted (in dollars per share) $ 0.03 $ (0.02) $ 0.05 $ 0.00
Weighted average common shares outstanding:        
Basic (in shares) 32,661,196 32,149,957 32,518,943 32,004,386
Diluted (in shares) 35,164,106 32,149,957 34,760,568 33,054,632