|
Condensed Consolidated Balance Sheets (Unaudited) (USD $) In Thousands, unless otherwise specified
|
Jun. 30, 2012
|
Dec. 31, 2011
|
| Assets |
|
|
| Cash and cash equivalents |
$ 78,003 |
$ 56,213 |
| Accounts receivable, net of allowance for doubtful accounts of $1,504 and $1,534 at June 30, 2012 and December 31, 2011 |
66,353 |
60,543 |
| Deferred income taxes |
25,131 |
24,690 |
| Prepaid expenses and other current assets |
1,986 |
2,535 |
| Total current assets |
171,473 |
143,981 |
| Furniture, fixtures and equipment, net of accumulated depreciation of $9,871 and $6,676 at June 30, 2012 and December 31, 2011 |
9,622 |
9,065 |
| Intangible assets, net of accumulated amortization of $102,839 and $81,212 at June 30, 2012 and December 31, 2011 |
384,066 |
378,240 |
| Goodwill |
598,181 |
595,522 |
| Other assets |
11,712 |
10,604 |
| Total assets |
1,175,054 |
1,137,412 |
| Liabilities |
|
|
| Accounts payable |
10,402 |
9,564 |
| Accrued expenses |
29,461 |
26,288 |
| Deferred revenue and customer deposits |
3,499 |
5,891 |
| Accrued interest |
10,588 |
10,588 |
| Other current liabilities |
6,248 |
3,969 |
| Total current liabilities |
60,198 |
56,300 |
| Deferred income taxes |
82,670 |
82,670 |
| Senior secured notes, net of unamortized discount |
193,773 |
193,613 |
| Other liabilities |
18,958 |
16,367 |
| Total liabilities |
355,599 |
348,950 |
| Commitments and contingencies (Note 10) |
|
|
| Stockholders' equity |
|
|
| Common stock, par value $.01 per share - 300,000,000 shares authorized at June 30, 2012 and December 31, 2011; 100,025,500 and 99,992,000 shares issued at June 30, 2012 and December 31, 2011; 99,975,210 and 99,992,000 shares outstanding at June 30, 2012 and December 31, 2011 |
1,000 |
1,000 |
| Additional paid-in capital |
837,769 |
832,797 |
| Accumulated deficit |
(18,168) |
(44,595) |
| Less: Treasury stock, at cost 50,290 and 0 shares at June 30, 2012 and December 31, 2011 |
(589) |
|
| Accumulated other comprehensive loss |
(557) |
(740) |
| Total stockholders' equity |
819,455 |
788,462 |
| Total liabilities and stockholders' equity |
$ 1,175,054 |
$ 1,137,412 |