Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 70,636 $ 64,909
Fees receivable 8,610 9,644
Deferred tax assets, net 146 192
Prepaid expenses and other current assets 3,137 4,040
Total current assets 82,529 78,785
Property and equipment, net 10,667 11,091
Internally developed software, net 3,487 3,524
Intangible assets, net 11,246 12,225
Goodwill 21,334 22,223
Deferred tax assets, net 6,726 6,692
Other non-current assets 3,165 3,162
Total assets 139,154 137,702
Current liabilities:    
Accrued expenses 13,186 14,919
Accounts payable 2,266 1,974
Note payable 174 171
Deferred revenue 530 79
Total current liabilities 16,156 17,143
Deferred rent liability 1,492 1,414
Lease incentive liability 2,844 2,933
Other non-current liabilities 618 573
Total liabilities 21,110 22,063
Commitments and contingencies      
Stockholders' equity    
Common stock, par value $0.005, 500,000,000 shares authorized as of March 31, 2012 and December 31, 2011 respectively; 43,662,090 and 43,515,899 shares issued as of March 31, 2012 and December 31, 2011, respectively; 31,950,815 and 31,810,726 shares outstanding as of March 31, 2012 and December 31, 2011, respectively 218 218
Treasury stock at cost, 11,711,275 and 11,705,173 shares as of March 31, 2012 and December 31, 2011, respectively (10,499) (10,421)
Additional paid-in capital 165,327 163,584
Accumulated deficit (37,002) (37,742)
Total stockholders' equity 118,044 115,639
Total liabilities and stockholders' equity $ 139,154 $ 137,702