|
Restatement of previously issued financial statements due to correction of errors (Details 3) (USD $) In Thousands, unless otherwise specified
|
3 Months Ended |
12 Months Ended |
|
Sep. 30, 2012
|
Jun. 30, 2012
|
Mar. 31, 2012
|
Sep. 30, 2011
|
Jun. 30, 2011
|
Mar. 31, 2011
|
Dec. 31, 2012
|
Dec. 31, 2011
|
| Cash flows from operating activities: |
|
|
|
|
|
|
|
|
| Net income |
$ 7,082 |
$ 709 |
$ 609 |
$ (409) |
$ (664) |
$ (561) |
$ 10,653 |
$ (1,468) |
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
|
|
|
|
| Impairment recovery on note receivable from shareholder |
|
|
|
|
0 |
|
|
0 |
| Deferred taxes |
|
|
|
|
|
|
(5,440) |
0 |
| Excess tax benefits realized from share-based compensation |
|
|
|
|
|
|
(844) |
0 |
| Depreciation and amortization |
|
|
|
|
|
|
1,187 |
579 |
| Share-based compensation |
|
|
|
|
|
|
1,384 |
908 |
| Allowance for doubtful accounts |
|
|
|
|
|
|
50 |
0 |
| Changes in operating assets and liabilities: |
|
|
|
|
|
|
|
|
| Accounts receivable |
|
|
|
|
|
|
(431) |
(947) |
| Deferred commissions |
|
|
|
|
|
|
152 |
(1,512) |
| Prepaid expenses and other assets |
|
|
|
|
|
|
(470) |
(470) |
| Security deposits |
|
|
|
|
|
|
(127) |
129 |
| Accounts payable and accrued expenses |
|
|
|
|
|
|
1,221 |
2,195 |
| Income taxes payable |
|
|
|
|
|
|
2,236 |
0 |
| Deferred revenue |
|
|
|
|
|
|
13,065 |
7,513 |
| Other |
|
|
|
|
|
|
160 |
13 |
| Net cash provided by operating activities |
|
|
|
|
|
|
22,796 |
6,940 |
| Cash flows from investing activities: |
|
|
|
|
|
|
|
|
| Purchases of property and equipment |
|
|
|
|
|
|
(2,460) |
(663) |
| Net cash used in investing activities |
|
|
|
|
|
|
(2,460) |
(663) |
| Cash flows from financing activities: |
|
|
|
|
|
|
|
|
| Repayment of note receivable from shareholder |
|
|
|
|
|
|
3,072 |
4 |
| Payment of preferred stock dividend |
|
|
|
|
|
|
(120) |
(159) |
| Proceeds from exercise of stock options and purchase of shares under stock purchase plan |
|
|
|
|
|
|
575 |
19 |
| Excess tax benefits realized from share-based compensation |
|
|
|
|
|
|
844 |
0 |
| Repayments of obligations under capital leases |
|
|
|
|
|
|
(254) |
(96) |
| Payments of obligations under software licensing agreements |
|
|
|
|
|
|
(145) |
(72) |
| Repurchase of common stock |
|
|
|
|
|
|
0 |
(250) |
| Net cash provided by financing activities |
|
|
|
|
|
|
3,972 |
(554) |
| Effect of exchange rates on cash and cash equivalents |
|
|
|
|
|
|
72 |
(4) |
| Net increase in cash and cash equivalents |
|
|
|
|
|
|
24,380 |
5,719 |
| Cash and cash equivalents at beginning of year |
|
|
8,931 |
|
|
3,212 |
8,931 |
3,212 |
| Cash and cash equivalents at end of year |
|
|
|
|
|
|
33,311 |
8,931 |
| Supplemental disclosure of cash flow information: |
|
|
|
|
|
|
|
|
| Interest |
|
|
|
|
|
|
33 |
27 |
| Income taxes |
|
|
|
|
|
|
212 |
51 |
| Supplemental disclosure of noncash investing and financing activities: |
|
|
|
|
|
|
|
|
| Tender of common stock in lieu of interest payment on note receivable from shareholder |
|
|
|
|
|
|
200 |
0 |
| Capital contribution in lieu of preferred stock dividend |
|
|
|
|
|
|
240 |
200 |
| Property and equipment acquired under capital leases |
|
|
|
|
|
|
1,024 |
118 |
| Acquisition of software licenses |
|
|
|
|
|
|
0 |
389 |
| Accounts payable for property and equipment |
|
|
|
|
|
|
0 |
742 |
|
Scenario, Previously Reported [Member]
|
|
|
|
|
|
|
|
|
| Cash flows from operating activities: |
|
|
|
|
|
|
|
|
| Net income |
2,903 |
1,458 |
1,900 |
325 |
1,009 |
(188) |
9,141 |
3,303 |
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
|
|
|
|
| Impairment recovery on note receivable from shareholder |
|
|
|
|
(1,200) |
|
|
(1,200) |
| Deferred taxes |
|
|
|
|
|
|
463 |
(1,154) |
| Excess tax benefits realized from share-based compensation |
|
|
|
|
|
|
(930) |
|
| Depreciation and amortization |
|
|
|
|
|
|
1,216 |
592 |
| Share-based compensation |
|
|
|
|
|
|
1,384 |
908 |
| Allowance for doubtful accounts |
|
|
|
|
|
|
0 |
|
| Changes in operating assets and liabilities: |
|
|
|
|
|
|
|
|
| Accounts receivable |
|
|
|
|
|
|
(1,061) |
(1,462) |
| Deferred commissions |
|
|
|
|
|
|
0 |
0 |
| Prepaid expenses and other assets |
|
|
|
|
|
|
(317) |
(470) |
| Security deposits |
|
|
|
|
|
|
(127) |
129 |
| Accounts payable and accrued expenses |
|
|
|
|
|
|
1,324 |
625 |
| Income taxes payable |
|
|
|
|
|
|
2,601 |
22 |
| Deferred revenue |
|
|
|
|
|
|
9,086 |
5,646 |
| Other |
|
|
|
|
|
|
(68) |
2 |
| Net cash provided by operating activities |
|
|
|
|
|
|
22,712 |
6,940 |
| Cash flows from investing activities: |
|
|
|
|
|
|
|
|
| Purchases of property and equipment |
|
|
|
|
|
|
(2,460) |
(663) |
| Net cash used in investing activities |
|
|
|
|
|
|
(2,460) |
(663) |
| Cash flows from financing activities: |
|
|
|
|
|
|
|
|
| Repayment of note receivable from shareholder |
|
|
|
|
|
|
3,072 |
4 |
| Payment of preferred stock dividend |
|
|
|
|
|
|
(120) |
(159) |
| Proceeds from exercise of stock options and purchase of shares under stock purchase plan |
|
|
|
|
|
|
575 |
19 |
| Excess tax benefits realized from share-based compensation |
|
|
|
|
|
|
930 |
|
| Repayments of obligations under capital leases |
|
|
|
|
|
|
(254) |
(96) |
| Payments of obligations under software licensing agreements |
|
|
|
|
|
|
(145) |
(72) |
| Repurchase of common stock |
|
|
|
|
|
|
|
(250) |
| Net cash provided by financing activities |
|
|
|
|
|
|
4,058 |
(554) |
| Effect of exchange rates on cash and cash equivalents |
|
|
|
|
|
|
70 |
(4) |
| Net increase in cash and cash equivalents |
|
|
|
|
|
|
24,380 |
5,719 |
| Cash and cash equivalents at beginning of year |
|
|
8,931 |
|
|
3,212 |
8,931 |
3,212 |
| Cash and cash equivalents at end of year |
|
|
|
|
|
|
33,311 |
8,931 |
| Supplemental disclosure of cash flow information: |
|
|
|
|
|
|
|
|
| Interest |
|
|
|
|
|
|
33 |
27 |
| Income taxes |
|
|
|
|
|
|
212 |
51 |
| Supplemental disclosure of noncash investing and financing activities: |
|
|
|
|
|
|
|
|
| Tender of common stock in lieu of interest payment on note receivable from shareholder |
|
|
|
|
|
|
200 |
|
| Capital contribution in lieu of preferred stock dividend |
|
|
|
|
|
|
240 |
440 |
| Property and equipment acquired under capital leases |
|
|
|
|
|
|
2,309 |
118 |
| Acquisition of software licenses |
|
|
|
|
|
|
|
435 |
| Accounts payable for property and equipment |
|
|
|
|
|
|
|
742 |
|
Restatement Adjustment [Member]
|
|
|
|
|
|
|
|
|
| Cash flows from operating activities: |
|
|
|
|
|
|
|
|
| Net income |
4,179 |
(749) |
(1,291) |
734 |
(1,673) |
(373) |
1,512 |
(4,771) |
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
|
|
|
|
| Impairment recovery on note receivable from shareholder |
|
|
|
|
1,200 |
|
|
1,200 |
| Deferred taxes |
|
|
|
|
|
|
(5,903) |
1,154 |
| Excess tax benefits realized from share-based compensation |
|
|
|
|
|
|
86 |
|
| Depreciation and amortization |
|
|
|
|
|
|
(29) |
(13) |
| Share-based compensation |
|
|
|
|
|
|
0 |
0 |
| Allowance for doubtful accounts |
|
|
|
|
|
|
50 |
|
| Changes in operating assets and liabilities: |
|
|
|
|
|
|
|
|
| Accounts receivable |
|
|
|
|
|
|
630 |
515 |
| Deferred commissions |
|
|
|
|
|
|
152 |
(1,512) |
| Prepaid expenses and other assets |
|
|
|
|
|
|
(153) |
0 |
| Security deposits |
|
|
|
|
|
|
0 |
0 |
| Accounts payable and accrued expenses |
|
|
|
|
|
|
(103) |
1,570 |
| Income taxes payable |
|
|
|
|
|
|
(365) |
(22) |
| Deferred revenue |
|
|
|
|
|
|
3,979 |
1,867 |
| Other |
|
|
|
|
|
|
228 |
11 |
| Net cash provided by operating activities |
|
|
|
|
|
|
84 |
0 |
| Cash flows from investing activities: |
|
|
|
|
|
|
|
|
| Purchases of property and equipment |
|
|
|
|
|
|
0 |
0 |
| Net cash used in investing activities |
|
|
|
|
|
|
0 |
0 |
| Cash flows from financing activities: |
|
|
|
|
|
|
|
|
| Repayment of note receivable from shareholder |
|
|
|
|
|
|
0 |
0 |
| Payment of preferred stock dividend |
|
|
|
|
|
|
0 |
0 |
| Proceeds from exercise of stock options and purchase of shares under stock purchase plan |
|
|
|
|
|
|
0 |
0 |
| Excess tax benefits realized from share-based compensation |
|
|
|
|
|
|
(86) |
|
| Repayments of obligations under capital leases |
|
|
|
|
|
|
0 |
0 |
| Payments of obligations under software licensing agreements |
|
|
|
|
|
|
0 |
0 |
| Repurchase of common stock |
|
|
|
|
|
|
|
0 |
| Net cash provided by financing activities |
|
|
|
|
|
|
(86) |
0 |
| Effect of exchange rates on cash and cash equivalents |
|
|
|
|
|
|
2 |
0 |
| Net increase in cash and cash equivalents |
|
|
|
|
|
|
0 |
0 |
| Cash and cash equivalents at beginning of year |
|
|
0 |
|
|
0 |
0 |
0 |
| Cash and cash equivalents at end of year |
|
|
|
|
|
|
0 |
0 |
| Supplemental disclosure of cash flow information: |
|
|
|
|
|
|
|
|
| Interest |
|
|
|
|
|
|
0 |
0 |
| Income taxes |
|
|
|
|
|
|
0 |
0 |
| Supplemental disclosure of noncash investing and financing activities: |
|
|
|
|
|
|
|
|
| Tender of common stock in lieu of interest payment on note receivable from shareholder |
|
|
|
|
|
|
0 |
|
| Capital contribution in lieu of preferred stock dividend |
|
|
|
|
|
|
0 |
(240) |
| Property and equipment acquired under capital leases |
|
|
|
|
|
|
(1,285) |
0 |
| Acquisition of software licenses |
|
|
|
|
|
|
|
(46) |
| Accounts payable for property and equipment |
|
|
|
|
|
|
|
$ 0 |