Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 33,804 $ 51,273
Restricted cash 35,202 19,098
Accounts receivable, less allowance for doubtful accounts of $1,087 and $979 at December 31, 2012 and 2011, respectively 51,937 43,883
Deferred tax asset   272
Other current assets 6,541 10,232
Total current assets 127,484 124,758
Property, equipment, and software, net 32,487 27,974
Goodwill 134,025 129,292
Identified intangible assets, net 104,640 112,308
Deferred tax asset   2,539
Other assets 3,561 3,194
Total assets 402,197 400,065
Current liabilities:    
Accounts payable 9,805 12,218
Accrued expenses and other current liabilities 19,246 25,816
Current portion of deferred revenue 60,633 57,325
Deferred tax liability 2  
Customer deposits held in restricted accounts 35,171 19,017
Total current liabilities 124,857 114,376
Deferred revenue 9,446 8,693
Deferred tax liability 10  
Revolving credit facility 10,000 50,312
Other long-term liabilities 2,813 3,803
Total liabilities 147,126 177,184
Commitments and contingencies (Note 8)      
Stockholders' equity:    
Preferred stock, $0.001 par value: 10,000,000 shares authorized and zero shares issued and outstanding at December 31, 2012 and 2011, respectively      
Common stock, $0.001 par value: 125,000,000 shares authorized, 77,012,925 and 73,115,779 shares issued and 75,826,615 and 72,701,571 shares outstanding at December 31, 2012 and 2011, respectively 77 73
Additional paid-in capital 347,203 316,964
Treasury stock, at cost: 1,186,310 and 414,208 shares at December 31, 2012 and 2011, respectively (6,323) (3,138)
Accumulated deficit (85,778) (90,961)
Accumulated other comprehensive loss (108) (57)
Total stockholders' equity 255,071 222,881
Total liabilities and stockholders' equity $ 402,197 $ 400,065