Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

 v2.3.0.11
Condensed Consolidated Balance Sheets (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Assets    
Cash and cash equivalents $ 78,600 $ 67,668
Fees receivable 8,693 9,135
Deferred tax assets, net 51 107
Prepaid expenses and other current assets 2,448 2,026
Total current assets 89,792 78,936
Property and equipment, net 10,816 9,713
Internally developed software, net 3,639 3,621
Intangible assets, net 817 1,330
Goodwill 2,031 2,031
Deferred tax assets, net 11,588 13,649
Customer inducements 27,987 30,400
Other non-current assets 2,175 2,188
Total assets 148,845 141,868
Liabilities and Stockholders' Equity    
Accrued expenses 12,978 12,859
Accounts payable 1,758 1,707
Customer inducements payable 1,000 1,000
Note payable 164 159
Deferred revenue 102 232
Total current liabilities 16,002 15,957
Deferred rent liability 1,285 1,244
Lease incentive liability 2,620 2,771
Customer inducements payable 18,213 18,806
Note payable   159
Other non-current liabilities 744 612
Total liabilities 38,864 39,549
Commitments and contingencies    
Stockholders' equity    
Preferred stock    
Common stock, par value $0.005, 500,000,000 shares authorized as of June 30, 2011 and December 31, 2010; 43,438,322 and 43,068,371 shares issued as of June 30, 2011 and December 31, 2010, respectively; 31,733,149 and 31,368,822 shares outstanding as of June 30, 2011 and December 31, 2010, respectively 217 215
Additional paid-in capital 161,681 157,778
Accumulated deficit (41,496) (45,347)
Treasury stock at cost, 11,705,173 and 11,699,549 shares as of June 30, 2011 and December 31, 2010, respectively (10,421) (10,327)
Total stockholders' equity 109,981 102,319
Total liabilities and stockholders' equity $ 148,845 $ 141,868