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, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 51,273 $ 118,010
Restricted cash 19,098 15,346
Accounts receivable, less allowance for doubtful accounts of $979 and $1,370 at December 31, 2011 and 2010, respectively 43,883 29,577
Deferred tax asset, net of valuation allowance 272 1,529
Other current assets 10,232 6,060
Total current assets 124,758 170,522
Property, equipment, and software, net 27,974 24,515
Goodwill 129,292 73,885
Identified intangible assets, net 112,308 54,361
Deferred tax asset, net of valuation allowance 2,539 17,322
Other assets 3,194 2,187
Total assets 400,065 342,792
Current liabilities:    
Accounts payable 12,218 4,787
Accrued expenses and other current liabilities 25,816 15,436
Current portion of deferred revenue 57,325 47,717
Current portion of long-term debt 0 10,781
Customer deposits held in restricted accounts 19,017 15,253
Total current liabilities 114,376 93,974
Deferred revenue 8,693 7,947
Revolving credit facility 50,312 0
Long-term debt, less current portion 0 55,258
Other long-term liabilities 3,803 13,029
Total liabilities 177,184 170,208
Commitments and contingencies (Note 8)      
Preferred stock, $0.001 par value, 10,000,000 shares authorized and zero shares issued and outstanding at December 31, 2011 and 2010, respectively      
Stockholders' equity:    
Common stock, $0.001 par value: 125,000,000 shares authorized, 73,115,779 and 68,703,366 shares issued and 72,701,571 and 68,490,277shares outstanding at December 31, 2011 and 2010, respectively 73 69
Additional paid-in capital 316,964 263,219
Treasury stock, at cost: 414,208 and 213,089 shares at December 31, 2011 and 2010, respectively (3,138) (958)
Accumulated deficit (90,961) (89,730)
Accumulated other comprehensive loss (57) (16)
Total stockholders' equity 222,881 172,584
Total liabilities and stockholders' equity $ 400,065 $ 342,792