Three Months Ended |
Nine Months Ended September 30, |
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2009 | 2008 | 2009 | 2008 | |||||||||||||
Operating Revenue | $ | 23,292 | $ | 20,168 | $ | 66,381 | $ | 54,609 | ||||||||
Operating expenses: | ||||||||||||||||
Cost of services provided | 4,465 | 3,940 | 13,298 | 10,101 | ||||||||||||
Product development | 3,000 | 2,074 | 8,258 | 6,314 | ||||||||||||
Sales and marketing | 1,298 | 871 | 3,553 | 2,536 | ||||||||||||
General and administrative | 3,803 | 4,360 | 11,355 | 12,032 | ||||||||||||
Amortization and depreciation | 943 | 804 | 2,517 | 2,460 | ||||||||||||
Total operating expenses | 13,509 | 12,049 | 38,981 | 33,443 | ||||||||||||
Operating income | 9,783 | 8,119 | 27,400 | 21,166 | ||||||||||||
Interest income | 56 | 134 | 147 | 396 | ||||||||||||
Interest expense | (234) | (440) | (791) | (1,176) | ||||||||||||
Foreign exchange gain (loss) | 142 | (24) | 894 | 135 | ||||||||||||
Income before income taxes | 9,747 | 7,789 | 27,650 | 20,521 | ||||||||||||
Income tax (expense)/benefit | (313) | (391) | (925) | (1,118 ) | ||||||||||||
Net income | $ | 9,434 | $ | 7,398 | $ | 26,725 | $ | 19,403 | ||||||||
Basic earnings per common share | $ | 0.91 | $ | 0.77 | $ | 2.63 | $ | 1.97 | ||||||||
Diluted earnings per common share | $ | 0.76 | $ | 0.62 | $ | 2.17 | $ | 1.65 | ||||||||
Basic weighted average shares outstanding | 10,412 | 9,607 | 10,177 | 9,837 | ||||||||||||
Diluted weighted average shares outstanding | 12,613 | 12,170 |
12,490 |
12,040 | ||||||||||||