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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities      
Net income $ 47,704 $ 31,428 $ 16,102
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 6,781 6,350 6,790
Stock-based compensation expense 6,859 8,969 8,414
Deferred taxes 16,129 15,767 12,255
Provision for bad debts 1,177 602 652
Gain on sale of securities   (411)  
Changes in operating assets and liabilities:      
(Increase) in accounts receivable (11,665) (3,134) (10,519)
(Increase) decrease in prepaid expenses and other assets (4,074) 57 136
Increase in accrued employee compensation 1,634 2,634 4,718
Increase in deferred revenue 755 309 1,959
Increase in accounts payable, accrued expenses and other liabilities 178 1,575 2,820
Net cash provided by operating activities 65,478 64,146 43,327
Cash flows from investing activities      
Acquisition of business     (1,368)
Securities available-for-sale:      
Proceeds from maturities and sales 27,419 65,365 22,062
Purchases (32,302) (66,008) (57,406)
Securities and cash provided as collateral 3,532 32 (655)
Purchases of furniture, equipment and leasehold improvements (3,160) (5,205) (4,909)
Capitalization of software development costs (4,065) (1,904) (1,889)
Net cash (used in) investing activities (8,576) (7,720) (44,165)
Cash flows from financing activities      
Cash dividend on common stock and Series B Preferred Stock (13,683) (10,630) (2,650)
Proceeds from exercise of stock options and grants of restricted stock, net of surrenders on stock option exercises and withholding tax on stock vesting 2,392 4,706 242
Excess tax benefits (decrements) from stock-based compensation 7,305 1,619 (266)
Purchase of treasury stock-common stock voting (6,935) (30,000)  
Other (278) 456 28
Net cash (used in) financing activities (11,199) (33,849) (2,646)
Effect of exchange rate changes on cash and cash equivalents (1,077) (924) (498)
Cash and cash equivalents      
Net increase (decrease) for the period 44,626 21,653 (3,982)
Beginning of period 124,994 103,341 107,323
End of period 169,620 124,994 103,341
Cash paid during the year      
Cash paid for income taxes 10,177 2,228 837
Non-cash activity      
Conversion of Series B Preferred Stock to common stock 30,315    
Capital lease obligation     $ 723