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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating activities:  
Net income$ 15,983$ 7,090
Adjustments to reconcile net income to net cash used in operations:  
Depreciation and amortization6,2764,399
Employee stock based compensation18,68110,847
Deferred income taxes0(2,275)
Excess tax benefits from equity-based awards(16,874)(1,284)
Changes in operating assets and liabilities:  
Accounts receivable(52,838)(28,119)
Prepaid taxes13,367274
Prepaid and other current assets(1,234)(1,296)
Accounts payable(3,198)8,192
Accrued service costs25,7557,585
Accrued compensation and benefits(3,335)(912)
Other accrued expenses2,6772,286
Accrued income taxes01,615
Deferred rent expense1141,965
Deferred revenue(2,707)(3,363)
Net cash used in operating activities2,6677,004
Investing activities:  
Purchases of furniture and equipment(5,248)(5,554)
Acquisition of software(3,769)(4,104)
Collection (issuance) of note receivable1,650(619)
Net cash used in investing activities(7,367)(10,277)
Financing activities:  
Proceeds from the initial public offering, net of issuance costs083,756
Liquidation preference payment0(866)
Proceeds from issuance of common stock from employee stock option exercise15,039171
Collection of non-executive employee notes receivable4179
Excess tax benefit from equity-based awards16,8741,284
Treasury stock purchases for employees' tax withholdings(379)0
Net cash provided by (used in) financing activities31,57584,424
Effect of exchange rate changes on cash(354)(200)
Net decrease in cash and cash equivalents26,52180,951
Cash and cash equivalents at beginning of period155,57343,659
Cash and cash equivalents at end of period$ 182,094$ 124,610