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General (Tables)
6 Months Ended
Jun. 30, 2011
General  
Schedule of customers generating in excess of ten percent of net revenues for respective segment

 

Segment
  Term Date   2010   2011  

Commercial

                 
 

Customer A

 

December 31, 2012

 
$

126,875
 
$

91,606
 
 

Customer B

  June 30, 2014     36,833     33,402  
 

Customer C

  June 30, 2012 to November 30, 2013(1)     23,317 *   54,796  

Public Sector

                 
 

Customer D

 

June 30, 2012(2)

   
72,631
   
81,060
 

Radiology Benefits Management

             
 

WellPoint, Inc. 

 

December 31, 2010(3)

   
79,280
   
 
 

Customer E

  November 30, 2012 to April 30, 2013(1)     53,396     67,392  
 

Customer F

  June 30, 2011 to November 30, 2011(1)(4)     34,384     30,934  
 

Customer G

  June 30, 2014     25,933     26,720  

Specialty Pharmaceutical Management

             
 

Customer H

 

November 30, 2011 to March 31, 2012(1)

   
43,310
   
42,989
 
 

Customer I

  September 1, 2011 to April 29, 2012(1)     30,396     27,963  
 

Customer E

  February 1, 2012 to April 30, 2013(1)     17,121     13,314 *

Medicaid Administration

                 
 

Customer J

 

September 30, 2012(5)

   
15,804
   
13,805
 
 

Customer K

  September 30, 2013(6)         40,774  
 

Customer L

  September 30, 2011 to June 30, 2017(1)     11,530     12,466  
 

Customer M

  August 31, 2011 to June 30, 2013(1)     10,888     8,680 *
 

Customer N

  June 30, 2010(3)     9,457      
 

Customer O

  September 30, 2011 to December 31, 2013(1)     7,939     11,411  

*
Revenue amount did not exceed ten percent of net revenues for the respective segment for the period presented. Amount is shown for comparative purposes only.
(1)
The customer has more than one contract. The individual contracts are scheduled to terminate at various points during the time period indicated above.

(2)
Contract has options for the customer to extend the term for three additional one-year periods.

(3)
The contract has terminated.

(4)
The customer has informed the Company that this contract will not be renewed.

(5)
The Company anticipates that this contract will terminate in the second half of 2011.

(6)
This customer represents a subcontract with a Public Sector customer and is eliminated in consolidation.
Schedule of fair value of financial assets and liabilities

 

 
  Fair Value Measurements  
 
  Level 1   Level 2   Level 3   Total  

Cash and Cash Equivalents(1)

  $   $ 68,726   $   $ 68,726  

Restricted Cash(2)

        72,698         72,698  

Investments:

                         

U.S. Government and agency securities

    2,179             2,179  

Obligations of government-sponsored enterprises(3)

        10,138         10,138  

Corporate debt securities

        268,769         268,769  

Certificates of deposit

        750         750  

Taxable municipal bonds

        2,668         2,668  
                   
 

December 31, 2010

  $ 2,179   $ 423,749   $   $ 425,928  
                   

 

 
  Level 1   Level 2   Level 3   Total  

Cash and Cash Equivalents(4)

  $   $ 13,518   $   $ 13,518  

Restricted Cash(5)

        67,046         67,046  

Investments:

                         

U.S. Government and agency securities

    681             681  

Obligations of government-sponsored enterprises(6)

        12,043         12,043  

Corporate debt securities

        327,202         327,202  

Certificates of deposit

        200         200  

Taxable municipal bonds

        2,620           2,620  
                   
 

June 30, 2011

  $ 681   $ 422,629   $   $ 423,310  
                   

(1)
Excludes $268.5 million of cash held in bank accounts by the Company.

(2)
Excludes $44.0 million of restricted cash held in bank accounts by the Company.

(3)
Includes investments in notes issued by the Federal Home Loan Mortgage Corporation and the Federal Home Loan Bank.

(4)
Excludes $67.8 million of cash held in bank accounts by the Company.

(5)
Excludes $36.0 million of restricted cash held in bank accounts by the Company.

(6)
Includes investments in notes issued by the Federal Home Loan Bank.
Summary of short-term and long-term "available-for-sale" investments

 

 
  December 31, 2010  
 
  Amortized
Cost
  Gross
Unrealized
Gains
  Gross
Unrealized
Losses
  Estimated
Fair Value
 

U.S. Government and agency securities

  $ 2,178   $ 1   $   $ 2,179  

Obligations of government-sponsored enterprises(1)

    10,142     7     (11 )   10,138  

Corporate debt securities

    268,739     245     (215 )   268,769  

Certificates of deposit

    750             750  

Taxable municipal bonds

    2,680         (12 )   2,668  
                   

Total investments at December 31, 2010

  $ 284,489   $ 253   $ (238 ) $ 284,504  
                   

 

 
  June 30, 2011  
 
  Amortized
Cost
  Gross
Unrealized
Gains
  Gross
Unrealized
Losses
  Estimated
Fair Value
 

U.S. Government and agency securities

  $ 681   $   $   $ 681  

Obligations of government-sponsored enterprises(2)

    12,037     7     (1 )   12,043  

Corporate debt securities

    327,067     306     (171 )   327,202  

Certificates of deposit

    200             200  

Taxable municipal bonds

    2,620             2,620  
                   

Total investments at June 30, 2011

  $ 342,605   $ 313   $ (172 ) $ 342,746  
                   

(1)
Includes investments in notes issued by the Federal Home Loan Mortgage Corporation and the Federal Home Loan Bank.

(2)
Includes investments in notes issued by the Federal Home Loan Bank.
Summary of maturity dates of investments

 

 
  Amortized
Cost
  Estimated
Fair Value
 

2011

  $ 197,552   $ 197,469  

2012

    145,053     145,277  
           

Total investments at June 30, 2011

  $ 342,605   $ 342,746  
           
Schedule of stock option activity

 
  Options   Weighted
Average
Exercise
Price
 

Outstanding, beginning of period

    3,775,586   $ 39.27  

Granted

    1,059,466     49.18  

Forfeited

    (17,292 )   41.87  

Exercised

    (722,048 )   38.62  
           

Outstanding, end of period

    4,095,712     41.94  
           

Vested and expected to vest at end of period

    3,984,049     41.83  
           

Exercisable, end of period

    1,915,435   $ 39.80  
           
Schedule of nonvested restricted stock award activity

 

 
  Shares   Weighted
Average
Grant Date
Fair Value
 

Outstanding, beginning of period

    22,309   $ 39.23  

Awarded

    16,898     51.80  

Vested

    (22,309 )   39.23  

Forfeited

         
           

Outstanding, ending of period

    16,898   $ 51.80  
           
Schedule of nonvested restricted stock units

 

 
  Shares   Weighted
Average
Grant Date
Fair Value
 

Outstanding, beginning of period

    190,488   $ 38.43  

Awarded

    112,543     49.10  

Vested

    (90,853 )   37.50  

Forfeited

    (1,674 )   42.31  
           

Outstanding, ending of period

    210,504   $ 44.49