Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues:        
Assets under management or administration $ 31,012 $ 25,427 $ 59,275 $ 48,698
Licensing and professional services 6,950 5,907 11,329 11,898
Total revenues 37,962 31,334 70,604 60,596
Operating expenses:        
Cost of revenues 13,549 10,917 25,075 21,045
Compensation and benefits 14,085 10,387 24,770 20,533
General and administration 8,148 5,258 14,921 10,134
Depreciation and amortization 3,224 1,578 5,623 3,126
Restructuring charges 88 43 115 53
Total operating expenses 39,094 28,183 70,504 54,891
Income (loss) from operations (1,132) 3,151 100 5,705
Other income (expense):        
Interest income 14 20 23 46
Interest expense   (204) (3) (415)
Other income   1,100   1,100
Gain on investments   1   4
Total other income (expense) 14 917 20 735
Income (loss) before income tax provision (benefit) (1,118) 4,068 120 6,440
Income tax provision (benefit) (450) 1,621 48 2,589
Net income (loss) $ (668) $ 2,447 $ 72 $ 3,851
Net income (loss) per share:        
Basic $ (0.02) $ 0.08 $ 0.00 $ 0.12
Diluted $ (0.02) $ 0.07 $ 0.00 $ 0.12
Weighted average common shares outstanding:        
Basic 32,149,957 31,591,412 32,004,386 31,502,139
Diluted 32,149,957 32,969,824 33,054,632 32,912,916