|
Condensed Consolidated Balance Sheets (Unaudited) (USD $) In Thousands, unless otherwise specified
|
Sep. 30, 2012
|
Dec. 31, 2011
|
| Current assets: |
|
|
| Cash and cash equivalents |
$ 37,988 |
$ 53,850 |
| Accounts receivable, net of allowance for doubtful accounts of $98 at September 30, 2012 and $91 at December 31, 2011 |
6,383 |
6,588 |
| Income tax refunds receivable |
429 |
733 |
| Deferred income taxes |
2,529 |
506 |
| Prepaid expense and other current assets |
3,249 |
3,228 |
| Total current assets |
50,578 |
64,905 |
| Property and equipment, net |
2,510 |
2,404 |
| Goodwill |
172,090 |
140,807 |
| Intangible assets, net |
86,463 |
71,664 |
| Deferred income taxes |
328 |
396 |
| Other assets |
3,227 |
3,646 |
| Total assets |
315,196 |
283,822 |
| Current liabilities: |
|
|
| Accounts payable |
1,148 |
1,123 |
| Accrued expenses and other current liabilities |
14,296 |
12,235 |
| Accrued income taxes |
2,438 |
1,280 |
| Deferred revenue |
6,854 |
7,742 |
| Current portion of long-term debt |
10,000 |
10,000 |
| Total current liabilities |
34,736 |
32,380 |
| Long-term debt, less current portion |
22,321 |
27,321 |
| Other long-term liabilities |
511 |
225 |
| Deferred income taxes |
26,804 |
20,596 |
| Reserve for income taxes, net of current portion |
901 |
1,174 |
| Accrued pension benefits |
3,924 |
3,765 |
| Commitments and contingencies (Note 14) |
|
|
| Stockholders' equity: |
|
|
| Preferred stock, $0.001 par value, Authorized shares: 10,000,000; Issued and outstanding: none |
|
|
| Common stock, $0.001 par value, Authorized shares: 250,000,000; Issued: 37,061,266 at September 30, 2012 and 36,341,383 at December 31, 2011 |
37 |
36 |
| Additional paid-in capital |
175,723 |
167,448 |
| Treasury stock, at cost, 103,975 shares at September 30, 2012 and 98,527 shares at December 31, 2011 |
(86) |
(86) |
| Retained earnings |
50,631 |
30,986 |
| Accumulated other comprehensive income (loss) |
(306) |
(23) |
| Total stockholders' equity |
225,999 |
198,361 |
| Total liabilities and stockholders' equity |
$ 315,196 |
$ 283,822 |