Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues:      
Assets under management or administration $ 127,213 $ 99,236 $ 75,951
Licensing and professional services 30,053 23,942 22,101
Total revenues 157,266 123,178 98,052
Operating expenses:      
Cost of revenues 56,119 42,831 31,444
Compensation and benefits 54,973 40,305 37,027
General and administration 30,617 21,856 21,607
Depreciation and amortization 12,400 6,376 5,703
Restructuring charges 115 434 961
Total operating expenses 154,224 111,802 96,742
Income from operations 3,042 11,376 1,310
Other income (expense):      
Interest income 29 77 149
Interest expense (3) (786) (564)
Other income   1,100  
Other expense   (1,183)  
Gain (loss) on investments   (4) 12
Total other income (expense) 26 (796) (403)
Income before income tax provision 3,068 10,580 907
Income tax provision 2,603 2,975 1,533
Net income (loss) 465 7,605 (626)
Less preferred stock dividends     (422)
Net income (loss) attributable to common stockholders $ 465 $ 7,605 $ (1,048)
Net income (loss) per share attributable to common stockholders:      
Basic $ 0.01 $ 0.24 $ (0.05)
Diluted $ 0.01 $ 0.23 $ (0.05)
Weighted average common shares outstanding:      
Basic 32,162,672 31,643,390 20,805,911
Diluted 33,341,615 32,863,834 20,805,911