v2.3.0.11
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands
 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities    
Net income $ 2,978 $ 3,450
Adjustments to reconcile net income including non-controlling interests to net cash provided by operating activities:    
Depreciation and amortization of property and equipment 5,339 3,568
Amortization of intangible assets 1,069 1,349
Stock-based compensation 930 476
Forgiveness of notes receivable from stockholder 103  
Unbilled receivables (266) (438)
Change in fair value of preferred stock warrants 140  
Change in deferred income taxes 316  
Changes in operating assets and liabilities, net of effect of acquisition:    
Accounts receivable 461 428
Prepaid expenses and other assets 470 (127)
Accounts payable (2,273) 1,145
Accrued expenses and other liabilities (1,790) (2,593)
Deferred revenue 2,423 2,456
Net cash provided by operating activities 9,900 9,714
Cash flows from investing activities    
(Increase) decrease in restricted cash (52) 884
Purchases of property and equipment (9,793) (3,658)
Contractual payments related to business acquisition (81) (148)
Net cash used in investing activities (9,926) (2,922)
Cash flows from financing activities    
Payments of capital leases (237) (522)
Payments to non-controlling interests (547) (398)
Proceeds from exercise of stock options 558 1
Proceeds from issuance of common stock upon initial public offering 48,297  
Offering costs (2,073)  
Net cash provided by (used in) financing activities 45,998 (919)
Net increase in cash and cash equivalents 45,972 5,873
Cash and cash equivalents at beginning of period 25,721 22,629
Cash and cash equivalents at end of period 71,693 28,502
Supplemental disclosure of cash flow information    
Cash paid for interest 9 15
Cash paid for taxes 1,173 1,029
Supplemental disclosure of non-cash investing and financing activities    
Contractual obligation related to business acquisition in accrued expenses and other liabilities 43 66
Acquisition of software and equipment under capital leases   73
Offering costs in accounts payable, accrued expenses and other liabilities 456  
Accretion of convertible preferred stock 1,633 2,631
Property and equipment and software maintenance costs in accounts payable, accrued expenses and other liabilities 2,093 60
Conversion of convertible preferred stock into common stock 124,602  
Exercise and conversion of preferred stock warrants into common stock $ 272