XML 62 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Comprehensive Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenue $ 125,991 $ 98,939 $ 64,919
Cost of revenue 49,853 39,324 25,443
Gross profit 76,138 59,615 39,476
Operating expenses      
Marketing and sales 18,098 15,752 10,867
Research and development 9,137 5,222 4,281
General and administrative 13,957 11,772 7,629
Loss on impairment of foreign subsidiary assets     773
Total operating expenses 41,192 32,746 23,550
Income from operations 34,946 26,869 15,926
Other income (expense), net 23 (114) (213)
Income before income taxes 34,969 26,755 15,713
Provision for income taxes 10,944 8,783 4,762
Net income 24,025 17,972 10,951
Less: dividends on redeemable preferred stock   (4,179) (4,179)
Less: undistributed earnings allocated to preferred shareholders   (4,507) (2,377)
Net income attributable to common shareholders 24,025 9,286 4,395
Net income per share:      
Basic $ 1.03 $ 0.75 $ 0.40
Diluted $ 0.98 $ 0.67 $ 0.34
Shares used to compute net income per share:      
Basic 23,373,593 12,352,004 11,079,432
Diluted 24,443,665 13,939,072 13,051,458
Other Comprehensive Income, net of tax      
Foreign currency translation adjustments (190) (280) (214)
Comprehensive income $ 23,835 $ 17,692 $ 10,737