|
Income Taxes (Tables)
|
12 Months Ended |
|
Dec. 31, 2011
|
| Income Taxes |
|
| Schedule of components of income before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2011 |
|
2010 |
|
2009 |
|
|
United States |
|
$ |
47,874 |
|
$ |
73,130 |
|
$ |
35,209 |
|
|
Foreign |
|
|
4,883 |
|
|
1,579 |
|
|
(727 |
) |
| |
|
|
|
|
|
|
|
|
Total |
|
$ |
52,757 |
|
$ |
74,709 |
|
$ |
34,482 |
|
| |
|
|
|
|
|
|
|
|
|
| Schedule of components of provision for income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2011 |
|
2010 |
|
2009 |
|
|
Current: |
|
|
|
|
|
|
|
|
|
|
|
U.S. federal |
|
$ |
11,028 |
|
$ |
11,852 |
|
$ |
869 |
|
|
State |
|
|
5,891 |
|
|
2,593 |
|
|
1,994 |
|
|
Foreign |
|
|
2,312 |
|
|
39 |
|
|
13 |
|
| |
|
|
|
|
|
|
|
|
Total current |
|
|
19,231 |
|
|
14,484 |
|
|
2,876 |
|
| |
|
|
|
|
|
|
|
|
Deferred: |
|
|
|
|
|
|
|
|
|
|
|
U.S. federal |
|
|
7,573 |
|
|
15,380 |
|
|
11,077 |
|
|
State |
|
|
(264 |
) |
|
(457 |
) |
|
605 |
|
|
Foreign |
|
|
(320 |
) |
|
— |
|
|
— |
|
| |
|
|
|
|
|
|
|
|
Total deferred |
|
|
6,989 |
|
|
14,923 |
|
|
11,682 |
|
| |
|
|
|
|
|
|
|
|
Provision for income taxes |
|
$ |
26,220 |
|
$ |
29,407 |
|
$ |
14,558 |
|
| |
|
|
|
|
|
|
|
|
|
| Schedule of components of deferred tax assets |
|
|
|
|
|
|
|
|
|
|
|
December 31, |
|
|
|
2011 |
|
2010 |
|
|
Deferred tax assets: |
|
|
|
|
|
|
|
|
Accounts receivable allowances |
|
$ |
800 |
|
$ |
965 |
|
|
Unearned revenue |
|
|
873 |
|
|
559 |
|
|
Accrued liabilities not yet deductible |
|
|
3,420 |
|
|
981 |
|
|
Federal and State net operating loss ("NOL") carryforwards |
|
|
46,574 |
|
|
42,002 |
|
|
Tax credit carryforwards |
|
|
167 |
|
|
167 |
|
|
Stock-based compensation |
|
|
1,971 |
|
|
1,001 |
|
|
Other |
|
|
1,109 |
|
|
145 |
|
| |
|
|
|
|
|
|
Total deferred tax assets |
|
|
54,914 |
|
|
45,820 |
|
|
Less valuation allowance |
|
|
(667 |
) |
|
(667 |
) |
| |
|
|
|
|
|
|
Deferred tax assets after valuation allowance |
|
|
54,247 |
|
|
45,153 |
|
|
Deferred tax liabilities: |
|
|
|
|
|
|
|
|
Purchased intangibles |
|
|
(41,287 |
) |
|
(21,916 |
) |
|
Property and equipment |
|
|
(11,538 |
) |
|
(8,508 |
) |
|
Other |
|
|
(1,625 |
) |
|
— |
|
| |
|
|
|
|
|
|
Total deferred tax liabilities |
|
|
(54,500 |
) |
|
(30,424 |
) |
| |
|
|
|
|
|
|
Net deferred tax (liabilities) assets |
|
$ |
(253 |
) |
$ |
14,729 |
|
| |
|
|
|
|
|
|
|
| Schedule of reconciliation to consolidated balance sheet |
|
|
|
|
|
|
|
|
|
|
|
December 31, |
|
|
|
2011 |
|
2010 |
|
|
Deferred tax assets: |
|
|
|
|
|
|
|
|
Current |
|
$ |
4,796 |
|
$ |
1,955 |
|
|
Noncurrent |
|
|
2,595 |
|
|
12,774 |
|
|
Deferred tax liabilities: |
|
|
|
|
|
|
|
|
Noncurrent |
|
|
(7,644 |
) |
|
— |
|
| |
|
|
|
|
|
|
Net deferred tax (liabilities) assets |
|
$ |
(253 |
) |
$ |
14,729 |
|
| |
|
|
|
|
|
|
|
| Schedule of amounts that would result from applying the federal statutory rate to the entity's income before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2011 |
|
2010 |
|
2009 |
|
|
Federal statutory tax rate |
|
|
35 |
% |
|
35 |
% |
|
35 |
% |
|
Expected tax expense |
|
$ |
18,465 |
|
$ |
26,148 |
|
$ |
12,069 |
|
|
State and foreign income taxes, net of federal benefit |
|
|
2,955 |
|
|
1,637 |
|
|
1,675 |
|
|
Non-deductible compensation |
|
|
2,830 |
|
|
1,977 |
|
|
627 |
|
|
Non-deductible transaction costs incurred for business combinations |
|
|
1,998 |
|
|
— |
|
|
— |
|
|
Change in valuation allowance |
|
|
— |
|
|
(876 |
) |
|
— |
|
|
Other |
|
|
(28 |
) |
|
521 |
|
|
187 |
|
| |
|
|
|
|
|
|
|
|
Provision for income taxes |
|
$ |
26,220 |
|
$ |
29,407 |
|
$ |
14,558 |
|
| |
|
|
|
|
|
|
|
|
|
| Schedule of expiring of operating loss carryforwards |
|
|
|
|
|
|
Years |
|
Maximum
Amount
which can
be Utilized |
|
|
2012 |
|
$ |
32.8 |
|
|
2013 |
|
|
9.6 |
|
|
2014 - 2019 |
|
|
5.8 |
|
|
2020 - 2027 |
|
|
4.2 |
|
| |
|