Three Months Ended
September 30, |
Nine Months Ended
September 30,
|
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2010 | 2009 | 2010 | 2009 | |||||||||||||
Operating revenue | $ | 33,281 | $ | 23,292 | $ | 97,091 | $ | 66,381 | ||||||||
Operating expenses: | ||||||||||||||||
Cost of services provided | 7,418 | 4,465 | 21,908 | 13,298 | ||||||||||||
Product development | 3,294 | 3,000 | 10,228 | 8,258 | ||||||||||||
Sales and marketing | 1,685 | 1,298 | 4,759 | 3,553 | ||||||||||||
General and administrative | 6,249 | 3,803 | 16,914 | 11,355 | ||||||||||||
Amortization and depreciation | 1,553 | 943 | 4,433 | 2,517 | ||||||||||||
Total operating expenses | 20,199 | 13,509 | 58,242 | 38,981 | ||||||||||||
Operating income | 13,082 | 9,783 | 38,849 | 27,400 | ||||||||||||
Interest income | 163 | 56 | 378 | 147 | ||||||||||||
Interest expense | (236) | (234) | (750) | (791) | ||||||||||||
Other non-operating income | 3,917 | — | 5,678 | — | ||||||||||||
Foreign currency exchange gain | 523 | 142 | 859 | 894 | ||||||||||||
Income before income taxes | 17,449 | 9,747 | 45,014 | 27,650 | ||||||||||||
Income tax expense | (768) | (313) | (1,939) | (925) | ||||||||||||
Net income | $ | 16,681 | $ | 9,434 | $ | 43,075 | $ | 26,725 | ||||||||
Basic earnings per common share | $ | 0.48 | $ | 0.30 | $ | 1.24 | $ | 0.88 | ||||||||
Diluted earnings per common share | $ | 0.43 | $ | 0.25 | $ | 1.10 | $ | 0.72 | ||||||||
Basic weighted average shares outstanding | 34,592 | 31,236 | 34,765 | 30,531 | ||||||||||||
Diluted weighted average shares outstanding |
39,020 | 37,840 | 39,218 | 37,470 |