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 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues:        
Assets under management or administration $ 59,580 $ 33,223 $ 137,150 $ 92,498
Licensing and professional services 10,300 9,060 30,987 20,389
Total revenues 69,880 42,283 168,137 112,887
Operating expenses:        
Cost of revenues 30,154 15,088 66,600 40,163
Compensation and benefits 21,063 15,261 55,475 40,031
General and administration 11,985 7,621 30,840 22,542
Depreciation and amortization 4,467 3,393 10,666 9,016
Restructuring charges 474   474 115
Total operating expenses 68,143 41,363 164,055 111,867
Income from operations 1,737 920 4,082 1,020
Other income (expense):        
Interest income 4 3 13 26
Interest expense       (3)
Other income     182  
Total other income 4 3 195 23
Income before income tax provision 1,741 923 4,277 1,043
Income tax provision 435 372 1,312 420
Net income $ 1,306 $ 551 $ 2,965 $ 623
Net income per share:        
Basic (in dollars per share) $ 0.04 $ 0.02 $ 0.09 $ 0.02
Diluted (in dollars per share) $ 0.04 $ 0.02 $ 0.08 $ 0.02
Weighted average common shares outstanding :        
Basic (in shares) 33,686,112 32,296,636 32,912,084 32,102,386
Diluted (in shares) 35,871,975 33,358,706 35,260,044 33,179,044