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
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 13,400 $ 64,909
Fees receivable 8,631 9,644
Deferred tax assets, net 610 192
Prepaid expenses and other current assets 7,036 4,040
Total current assets 29,677 78,785
Property and equipment, net 12,377 11,091
Internally developed software, net 3,752 3,524
Intangible assets, net 30,712 12,225
Goodwill 66,152 22,223
Deferred tax assets, net 7,058 6,692
Other non-current assets 3,284 3,162
Total assets 153,012 137,702
Current liabilities:    
Accrued expenses 16,485 14,919
Accounts payable 2,683 1,974
Note payable   171
Deferred revenue 5,214 79
Total current liabilities 24,382 17,143
Deferred rent liability 1,891 1,414
Lease incentive liability 4,163 2,933
Other non-current liabilities 689 573
Total liabilities 31,125 22,063
Commitments and contingencies      
Stockholders' equity    
Preferred stock      
Common stock, par value $0.005, 500,000,000 shares authorized as of June 30, 2012 and December 31, 2011 respectively, 43,994,077 and 43,515,899 shares issued as of June 30, 2012 and December 31, 2011, respectively, 32,282,802 and 31,810,726 shares outstanding as of June 30, 2012 and December 31, 2011, respectively 220 218
Treasury stock at cost, 11,711,275 and 11,705,173 shares as of June 30, 2012 and December 31, 2011, respectively (10,499) (10,421)
Additional paid-in capital 169,836 163,584
Accumulated deficit (37,670) (37,742)
Total stockholders' equity 121,887 115,639
Total liabilities and stockholders' equity $ 153,012 $ 137,702