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Three Months Ended | Six Months Ended | ||
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June 30, | June 30, | ||
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2012 | 2011 | 2012 | 2011 |
Operating revenue | $ 47,716 | $ 42,267 | $ 91,543 | $ 82,317 |
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Operating expenses: |
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Cost of services provided | 9,157 | 8,914 | 18,186 | 16,221 |
Product development | 5,814 | 4,802 | 10,086 | 9,421 |
Sales and marketing | 4,296 | 3,261 | 8,108 | 6,113 |
General and administrative | 8,577 | 4,694 | 15,021 | 12,455 |
Amortization and depreciation | 2,161 | 1,991 | 4,102 | 3,868 |
Total operating expenses | 30,005 | 23,662 | 55,503 | 48,078 |
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Operating income | 17,711 | 18,605 | 36,040 | 34,239 |
Interest income | 110 | 129 | 277 | 329 |
Interest expense | (312) | (159) | (565) | (374) |
Other non-operating income (loss) | 262 | (464) | 262 | (818) |
Foreign currency exchange gain | 2,591 | 1,397 | 2,295 | 2,865 |
Income before income taxes | 20,362 | 19,508 | 38,309 | 36,241 |
Income tax benefit (expense) | (2,295) | 2,840 | (4,557) | 1,271 |
Net income | $ 18,067 | $ 22,348 | $ 33,752 | $ 37,512 |
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Basic earnings per common share | $ 0.49 | $ 0.57 | $ 0.92 | $ 0.97 |
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Diluted earnings per common share | $ 0.47 | $ 0.53 | $ 0.86 | $ 0.90 |
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Basic weighted average shares outstanding | 36,908 | 39,159 | 36,679 | 38,658 |
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Diluted weighted average shares outstanding | 38,827 | 42,344 | 39,175 | 41,882 |
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