Share-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-based compensation expense included in costs and expenses

Share-based compensation expense is included in costs and expenses in the accompanying Unaudited Consolidated Condensed Statements of Income and Comprehensive Income as follows:

	Three Months Ended March 31,
	2014		2013
	(in thousands)
Share-based compensation expense:
Cost of revenues	$	17	$	12
Sales and marketing		109		35
Technology support		57		60
General and administrative		104		79
Share-based compensation costs		287		186
Amount capitalized to internal use software		1		-
Total share-based compensation costs	$	286	$	186

Service based options granted during period

Service-Based Options.  The Company granted the following service-based options for the three months ended March 31, 2014 and 2013:

	Three months ended March 31,
	2014		2013
Number of service-based options granted		391,750		57,000
Weighted average grant date fair value	$	7.47	$	2.19
Weighted average exercise price	$	16.89	$	4.01

Fair value of stock options granted using the following weighted average assumptions

The grant date fair value of stock options granted during these periods was estimated using the Black-Scholes option pricing model using the following weighted average assumptions:

	Three Months Ended March 31,
	2014			2013
Dividend yield		—			—
Volatility		56	%		72	%
Risk-free interest rate		1.3	%		0.6	%
Expected life (years)		4.3			4.3