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Acquisition (Tables)
3 Months Ended
Mar. 31, 2013
Acquisition [Abstract]  
Preliminary purchase price allocation
         

Purchase price

  $  45,974  

Less: acquired cash

    (8,856 ) 
   

 

 

 

Purchase price, net of acquired cash

    37,118  
   

 

 

 

Accounts receivable

    3,327  

Intangible assets

    13,255  

Other assets

    1,729  

Deferred tax liability, net

    (2,284 ) 

Accounts payable, accrued expenses and deferred revenue

    (5,084 ) 
   

 

 

 

Goodwill

  $ 26,175  
   

 

 

 
Summary of acquired intangible assets
                 
    Costs     Useful Lives  

Customer relationships

  $ 5,455       10-15 years  

Internally developed software

    5,000       3 years  

Tradename- indefinite life

    1,820       indefinite  

Tradename- finite life

    300       3 years  

Non-compete agreement

    380       3 years  

Other

    300       indefinite  
   

 

 

         

Total

  $ 13,255          
   

 

 

         
Pro forma financial information
                 
    Pro forma  
    Three Months Ended March 31,  
    2013     2012  
    (In thousands, except per
share amounts)
 

Revenues

  $ 59,481     $ 57,177  

Income before income taxes

  $ 24,418     $ 22,824  

Net income

  $ 15,395     $ 13,529  

Basic net income per common share

  $ 0.42     $ 0.37  

Diluted net income per common share

  $ 0.41     $ 0.35