Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Current assets:
Cash and cash equivalents	$ 52,297	$ 41,246
Accounts receivable	11,098	9,348
Other current assets	1,529	1,273
Total current assets	64,924	51,867
Fixed assets, net	408	480
Investments	10,668	11,036
Other noncurrent assets	53	42
Total assets	76,053	63,425
Current liabilities:
Fund management and administration payable	9,513	6,924
Compensation and benefits payable	2,613	2,156
Accounts payable and other liabilities	2,800	3,272
Total current liabilities	14,926	12,352
Other noncurrent liabilities		13
Total liabilities	14,926	12,365
Stockholders' equity:
Preferred stock, par value $0.01; 2,000 shares authorized:
Common stock, par value $0.01; 250,000 shares authorized; issued: 127,667 and 126,554; outstanding: 125,628 and 125,272	1,276	1,265
Additional paid-in capital	180,028	177,826
Accumulated deficit	(120,177)	(128,031)
Total stockholders' equity	61,127	51,060
Total liabilities and stockholders' equity	$ 76,053	$ 63,425

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, and other costs not separately disclosed in the balance sheet that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered.

No definition available.