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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2012
Income Taxes [Abstract]  
Schedule of provision for income taxes
                         
    Year Ended December 31,  
    2012     2011     2010  
    (In thousands)  

Current:

                       

Federal

  $ 12,981     $ 3,605     $ —    

State and local

    2,138       2,793       355  

Foreign

    1,315       1,194       1,348  
   

 

 

   

 

 

   

 

 

 

Total current provision

    16,434       7,592       1,703  
   

 

 

   

 

 

   

 

 

 

Deferred:

                       

Federal

    8,951       20,531       14,494  

State and local

    1,238       2,890       3,170  

Foreign

    (6     16       115  
   

 

 

   

 

 

   

 

 

 

Total deferred provision

    10,183       23,437       17,779  
   

 

 

   

 

 

   

 

 

 

Provision for income taxes

  $ 26,617     $ 31,029     $ 19,482  
   

 

 

   

 

 

   

 

 

 
Difference between the Company's reported provision for income taxes and the U.S. federal statutory rate
                         
    Year Ended December 31,  
    2012     2011     2010  

U.S. federal tax at statutory rate

    35.0     35.0     35.0
       

State and local taxes—net of federal benefit

    2.4       5.2       4.6  

Release of previously unrecognized tax benefits

    (7.8     —         —    

Other, net

    1.1       (0.8     (1.4
   

 

 

   

 

 

   

 

 

 

Provision for income taxes

    30.7     39.4     38.3
   

 

 

   

 

 

   

 

 

 
Summary of company's net deferred tax assets
                 
    As of December 31,  
    2012     2011  
    (In thousands)  

Deferred tax assets

               

U.S net operating loss carryforwards

  $ 7,175     $ 4,589  

Foreign net operating loss carryforwards

    160       165  

Stock compensation expense

    5,296       5,312  

Other

    2,839       3,280  
   

 

 

   

 

 

 

Total deferred tax assets

    15,470       13,346  

Valuation allowance

    (727     (287
   

 

 

   

 

 

 

Net deferred tax assets

    14,743       13,059  

Deferred tax liabilities

               

Depreciation and amortization

    (2,025     (1,905

Capitalized software development costs

    (2,752     (1,980

Intangible assets

    (524     (1,085
   

 

 

   

 

 

 

Deferred tax assets, net

  $ 9,442     $ 8,089  
   

 

 

   

 

 

 
Summary of changes in valuation allowance
                         
    Year Ended December 31,  
    2012     2011     2010  
    (In thousands)  

Valuation allowance at beginning of year

  $ 287     $ 249     $ 666  

Increase (decrease) to valuation allowance attributable to:

                       

Net operating losses

    440       38       (132

Tax credits

    —         —         (285
   

 

 

   

 

 

   

 

 

 

Valuation allowance at end of year

  $ 727     $ 287     $ 249  
   

 

 

   

 

 

   

 

 

 
Reconciliation of the unrecognized tax benefits
                         
    Year Ended December 31,  
    2012     2011     2010  
    (In thousands)  

Balance at beginning of year

  $ 3,647     $ 3,329     $ 2,924  

Additions for tax positions of prior years

    —         366       277  

Additions for tax positions of current year

    —         —         128  

Reductions for tax positions of prior years

    (3,598     (48     —    
   

 

 

   

 

 

   

 

 

 

Balance at end of year

  $ 49     $ 3,647     $ 3,329