December 31, 2011 |
December 31, 2010 |
||||||
(In thousands, except share amounts) |
|||||||
ASSETS |
|||||||
Current assets: |
|||||||
Cash and cash equivalents |
$ |
23,696 |
$ |
23,397 |
|||
Short-term investments |
1,505 |
6,300 |
|||||
Trade accounts receivable, |
31,133 |
26,028 |
|||||
Deferred tax asset, net |
2,981 |
— |
|||||
Other current assets |
4,502 |
5,057 |
|||||
Total current assets |
63,817 |
60,782 |
|||||
Property and equipment, net |
8,834 |
7,806 |
|||||
Goodwill |
259,218 |
180,602 |
|||||
Intangibles, net |
38,386 |
22,574 |
|||||
Indefinite-lived intangibles |
30,453 |
30,552 |
|||||
Deferred tax asset, net |
9,412 |
— |
|||||
Other assets |
1,062 |
984 |
|||||
Total assets |
$ |
411,182 |
$ |
303,300 |
|||
LIABILITIES AND STOCKHOLDERS' EQUITY |
|||||||
Current liabilities: |
|||||||
Accounts payable and accrued liabilities |
$ |
18,719 |
$ |
15,344 |
|||
Accrued payroll and related benefits |
5,034 |
4,536 |
|||||
Short term debt |
6,667 |
5,000 |
|||||
Current portion of convertible debt,
|
— |
4,944 |
|||||
Current portion of long term debt
|
165 |
426 |
|||||
Deferred revenue |
16,460 |
8,610 |
|||||
Current deferred rent |
266 |
— |
|||||
Other current liabilities |
2,468 |
225 |
|||||
Total current liabilities |
49,779 |
39,085 |
|||||
Revolving line of credit |
31,750 |
25,000 |
|||||
Other long term debt and capital lease
|
8,468 |
205 |
|||||
Deferred tax liability, net |
— |
3,534 |
|||||
Put option liability |
— |
537 |
|||||
Deferred revenue |
328 |
126 |
|||||
Long term deferred rent |
939 |
554 |
|||||
Other liabilities |
3,803 |
2,991 |
|||||
Total liabilities |
95,067 |
72,032 |
|||||
Commitments and Contingencies, Note 7 |
|||||||
Stockholders' equity: |
|||||||
Convertible Series D Preferred stock,
|
— |
— |
|||||
Common stock*, $.10 par value,
|
3,638 |
3,602 |
|||||
Additional paid-in capital |
179,518 |
153,221 |
|||||
Treasury stock*
|
(76) |
(76) |
|||||
Retained earnings |
137,559 |
67,642 |
|||||
Accumulated other comprehensive income (loss) |
(4,524) |
6,879 |
|||||
Total stockholders' equity |
316,115 |
231,268 |
|||||
Total liabilities and stockholders' equity |
$ |
411,182 |
$ |
303,300 |