Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 64,909 $ 67,668
Fees receivable 9,644 9,135
Deferred tax assets, net 192 107
Prepaid expenses and other current assets 4,040 2,026
Total current assets 78,785 78,936
Property and equipment, net 11,091 9,713
Internally developed software, net 3,524 3,621
Intangible assets, net 12,225 1,330
Goodwill 22,223 2,031
Deferred tax assets, net 6,692 13,649
Customer inducements 0 30,400
Other non-current assets 3,162 2,188
Total assets 137,702 141,868
Current liabilities:    
Accrued expenses 14,919 12,859
Accounts payable 1,974 1,707
Customer inducements payable 0 1,000
Note payable 171 159
Deferred revenue 79 232
Total current liabilities 17,143 15,957
Deferred rent liability 1,414 1,244
Lease incentive liability 2,933 2,771
Customer inducements payable 0 18,806
Note payable 0 159
Other non-current liabilities 573 612
Total liabilities 22,063 39,549
Commitments and contingencies      
Stockholders' equity    
Preferred stock      
Common stock, par value $0.005, 500,000,000 shares authorized as of December 31, 2011 and 2010 respectively; 43,515,899 and 43,068,371 shares issued as of December 31, 2011 and 2010, respectively; 31,810,726 and 31,368,822 shares outstanding as of December 31, 2011 and 2010, respectively 218 215
Additional paid-in capital 163,584 157,778
Accumulated deficit (37,742) (45,347)
Treasury stock at cost, 11,705,173 and 11,699,549 shares as of December 31, 2011 and 2010, respectively (10,421) (10,327)
Total stockholders' equity 115,639 102,319
Total liabilities and stockholders' equity $ 137,702 $ 141,868