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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Operating activities:        
Net income $ 16,557 $ 8,523 $ 25,528 $ 12,485
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation 3,188 2,740 6,452 5,604
Amortization of content database costs 2,279 1,830 4,415 3,664
Amortization of acquired intangible assets 4,297 3,679 8,567 7,358
Amortization of deferred financing costs 69 614 138 829
Deferred income taxes (2,021) (1,487) (2,989) (2,637)
Stock-based compensation expense 2,201 1,262 3,926 2,266
Changes in operating assets and liabilities:        
Accounts receivable 999 283 1,308 935
Restricted cash 44 (99) 536 (170)
Other assets (581) 403 (233) 1,970
Income tax receivable (8,672)   (7,268) 1,544
Accounts payable and other liabilities 24,563 4,200 23,148 8,188
Excess tax benefits from stock-based compensation (16,393) (3,570) (20,449) (3,570)
Deferred revenues 5,054 4,654 24,906 19,088
Net cash provided by operating activities 31,584 23,032 67,985 57,554
Investing activities:        
Capitalization of content database costs (4,204) (2,349) (9,951) (5,141)
Purchases of property and equipment (3,693) (2,221) (4,418) (3,628)
Purchases of short-term investments   (5,193)   (7,193)
Proceeds from sale and maturity of short-term investments   4,991   10,037
Net cash used in investing activities (7,897) (4,772) (14,369) (5,925)
Financing activities:        
Proceeds from exercise of stock options 7,290 4,858 10,022 5,072
Taxes paid related to net share settlement of stock-based awards (515)   (515)  
Principal payments on debt   (20,937)   (23,795)
Excess tax benefits from stock-based compensation 16,393 3,570 20,449 3,570
Repurchases of common stock (78,095)   (78,095)  
Net cash used in financing activities (54,927) (12,509) (48,139) (15,153)
Effect of changes in foreign currency exchange rates on cash and cash equivalents (4)   23  
Net increase (decrease) in cash and cash equivalents (31,244) 5,751 5,500 36,476
Cash and cash equivalents at beginning of period 102,263 97,666 65,519 66,941
Cash and cash equivalents at end of period 71,019 103,417 71,019 103,417
Supplemental disclosures of cash flow information:        
Cash paid for interest 111 476 226 1,477
Cash paid for income taxes 3,282 5,778 3,557 6,181
Supplemental disclosures of noncash investing and financing activities:        
Capitalization of stock-based compensation $ 9 $ 2 $ 18 $ 3