|
September 30, | December 31, |
|
2012 | 2011 |
ASSETS | (Unaudited) | |
Current assets: |
|
|
Cash and cash equivalents | $ 29,491 | $ 23,696 |
Short-term investments | 1,506 | 1,505 |
Trade accounts receivable, less allowances
of $1,316 and $1,719, respectively |
37,203 | 31,133 |
Deferred tax asset, net | 1,594 | 2,981 |
Other current assets | 6,632 | 4,502 |
Total current assets | 76,426 | 63,817 |
|
|
|
Property and equipment, net | 10,383 | 8,834 |
Goodwill | 337,249 | 259,218 |
Intangibles, net | 51,483 | 38,386 |
Indefinite-lived intangibles | 30,798 | 30,453 |
Deferred tax asset, net | 6,011 | 9,412 |
Other assets | 3,483 | 1,062 |
Total assets | $ 515,833 | $ 411,182 |
|
|
|
LIABILITIES AND STOCKHOLDERS' EQUITY |
|
|
Current liabilities: |
|
|
Accounts payable and accrued liabilities | $ 25,956 | $ 18,719 |
Accrued payroll and related benefits | 4,620 | 5,034 |
Short term debt | 11,000 | 6,667 |
Current portion of long term debt and capital lease obligations,
net of discount of $26 and $0, respectively |
876 | 165 |
Deferred revenue | 17,845 | 16,460 |
Current deferred rent | 258 | 266 |
Other current liabilities | 106 | 2,468 |
Total current liabilities | 60,661 | 49,779 |
|
|
|
Revolving line of credit | 37,840 | 31,750 |
Long term debt and capital lease obligations, less current
portion, net of discount of $78 and $0, respectively |
33,905 | 8,468 |
Other liabilities | 4,443 | 3,803 |
Contingent liability for accrued earn-out acquisition consideration | 23,740 | -- |
Put option liability | 700 | -- |
Deferred revenue | 200 | 328 |
Long term deferred rent | 1,519 | 939 |
Total liabilities | 163,008 | 95,067 |
|
|
|
Stockholders' equity: |
|
|
Preferred stock, $0.10 par value, 500,000 shares authorized,
no shares issued and outstanding at September 30, 2012 and December 31, 2011 |
-- | -- |
Common stock, $0.10 par value, 60,000,000 shares authorized,
37,214,128 issued and 37,173,619 outstanding at September 30, 2012 and 36,418,385 issued and 36,377,876 outstanding at December 31, 2011 |
3,717 | 3,638 |
Additional paid-in capital | 171,668 | 179,518 |
Treasury stock (40,509 shares as of September 30,
2012 and December 31, 2011) |
(76) | (76) |
Retained earnings | 184,222 | 137,559 |
Accumulated other comprehensive loss | (6,706) | (4,524) |
Total stockholders' equity | 352,825 | 316,115 |
Total liabilities and stockholders' equity | $ 515,833 | $ 411,182 |
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