v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities    
Net income $ 1,805 $ 1,184
Adjustments to reconcile net income including non-controlling interests to net cash provided by operating activities:    
Depreciation and amortization of property and equipment 4,515 2,529
Amortization of intangible assets 235 561
Stock-based compensation 993 206
Forgiveness of note receivable from stockholder   103
Excess tax benefits from stock-based compensation (1,560)  
Change in deferred income taxes   70
Changes in operating assets and liabilities:    
Accounts receivable (1,115) 73
Unbilled receivables 671 (227)
Prepaid expenses and other assets 1,242 940
Accounts payable (312) 970
Accrued expenses and other liabilities (3,122) (2,604)
Deferred revenue 2,311 1,943
Net cash provided by operating activities 5,663 5,748
Cash flows from investing activities    
Increase in restricted cash   (23)
Purchases of marketable securities available-for-sale (41,170)  
Purchases of property and equipment (5,089) (6,361)
Contractual payments related to business acquisition (14) (47)
Net cash used in investing activities (46,273) (6,431)
Cash flows from financing activities    
Excess tax benefits from stock-based compensation 1,560  
Proceeds from exercise of stock options 1,375 109
Payments of capital leases (164) (122)
Payments to non-controlling interests (642) (547)
Net cash provided by (used in) financing activities 2,129 (560)
Net decrease in cash and cash equivalents (38,481) (1,243)
Cash and cash equivalents at beginning of year 93,933 25,721
Cash and cash equivalents at end of year 55,452 24,478
Supplemental disclosure of cash flow information    
Cash paid for taxes 279 937
Supplemental disclosure of non-cash investing and financing activities    
Property and equipment and software maintenance costs in accounts payable, accrued expenses and other liabilities 3,648 2,154
IPO costs in accounts payable, accrued expenses and other liabilities   854
Accretion of convertible preferred stock   $ 1,195