Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v2.4.0.6
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2012
Estimated Useful Lives of Property, Equipment and Software

Property, equipment and software are recorded at cost less accumulated depreciation and amortization, which are computed using the straight-line method over the following estimated useful lives:

 

Leasehold improvements

     1-10 years   

Data processing and communications equipment

     1-10 years   

Furniture, fixtures and other equipment

     1- 5 years   

Software

     1- 5 years   
Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:

 

     December 31,  
     2012      2011  
     (in thousands)  

Accrued compensation, payroll taxes and benefits

   $ 9,101       $ 6,330   

Capital leases

     —           65   

Current portion of liabilities related to acquisitions

     2,056         12,728   

Other current liabilities

     8,089         6,693   
  

 

 

    

 

 

 

Total accrued expenses and other current liabilities

   $ 19,246       $ 25,816   
  

 

 

    

 

 

 
Other Long-Term Liabilities

Other long-term liabilities consisted of the following:

 

     December 31,  
     2012      2011  
     (in thousands)  

Long-term liabilities related to acquisitions, less current portion

   $ 786       $ 1,583   

Other long-term liabilities

     2,027         2,220   
  

 

 

    

 

 

 

Total other long-term liabilities

   $ 2,813       $ 3,803