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
 3 Months Ended 9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues:        
Assets under management or administration $ 25,971 $ 19,001 $ 74,669 $ 54,112
Licensing and professional services 6,069 5,569 17,967 16,337
Total revenues 32,040 24,570 92,636 70,449
Operating expenses:        
Cost of revenues 11,429 7,405 32,474 22,123
Compensation and benefits 10,160 9,917 30,693 27,190
General and administration 5,675 4,454 15,809 16,645
Depreciation and amortization 1,550 1,451 4,676 4,210
Restructuring charges   96 53 915
Total operating expenses 28,814 23,323 83,705 71,083
Income (loss) from operations 3,226 1,247 8,931 (634)
Other income (expense):        
Interest income 19 34 65 119
Interest expense (206) (193) (621) (321)
Other income     1,100  
Unrealized gain (loss) on investments (8) 7 (4) 7
Total other income (expense) (195) (152) 540 (195)
Income (loss) before income tax provision 3,031 1,095 9,471 (829)
Income tax provision 1,106 470 3,695 664
Net income (loss) 1,925 625 5,776 (1,493)
Less preferred stock dividends   (65)   (422)
Less net income allocated to participating preferred stock   (75)    
Net income (loss) attributable to common stockholders $ 1,925 $ 485 $ 5,776 $ (1,915)
Net income (loss) per share attributable to common stockholders:        
Basic $ 0.06 $ 0.02 $ 0.18 $ (0.11)
Diluted $ 0.06 $ 0.02 $ 0.18 $ (0.11)
Weighted average common shares outstanding:        
Basic 31,760,998 25,567,700 31,589,279 17,247,149
Diluted 32,871,269 26,348,651 32,937,601 17,247,149