Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Income Taxes

Schedule of components of income tax expense/(benefit) from continuing operations

(In thousands)	2012			2011			2010
Federal
Current	$	(3,649	)	$	(1,494	)	$	3,209
Deferred		21,208			3,029			(10,985	)
State and local
Current		(893	)		(457	)		3,276
Deferred		7,936			1,129			(5,278	)
Total income tax expense/(benefit) from continuing operations	$	24,602		$	2,207		$	(9,778	)

Schedule of reconciliation of U.S. federal statutory income tax rate to the Company's effective income tax rate

(In thousands)	2012			2011			2010
Federal statutory rate—35%	$	(18,673	)	$	(21,657	)	$	(9,024	)
(Decrease)/increase of deferred tax asset valuation allowance		33,261			—			—
Goodwill impairment		7,383			24,172			—
Compensation		3,734			44			(565	)
Change in estimated state tax rates		(656	)		530			281
Meals and entertainment		230			222			250
Provision to return adjustments		(102	)		(1,474	)		645
State and local income taxes, net of federal income taxes		(97	)		715			(1,797	)
Uncertain tax positions		(36	)		334			(1,205	)
Gain on bargain purchase—ClearPoint acquisition		—			(816	)		—
Series B Preferred Stock dividends		—			—			1,012
Loss on extinguishment of Series B Preferred Stock		—			—			563
Other		(442	)		137			62
Total income tax expense/(benefit) from continuing operations	$	24,602		$	2,207		$	(9,778	)

Schedule of deferred tax assets and liabilities

(In thousands)	2012			2011
Deferred tax assets, net
Net operating loss carryforwards	$	18,747		$	9,733
Stock-based compensation		12,061			17,259
Accrued liabilities		2,230			3,520
Investments		(863	)		(2,252	)
Uncertain tax positions		831			831
Fixed assets		(337	)		732
Intangible assets		(823	)		(645	)
Deferred revenues		92			(33	)
Other		1,323			1,621
Total net deferred tax asset before valuation allowance		33,261			30,766
Less: valuation allowance		(33,261	)		—
Total deferred tax assets, net of valuation allowance	$	—		$	30,766
Deferred tax liabilities
State effect of intangible assets	$	—			(363	)
State effect of investments		—			(890	)
Other		—			(369	)
Total deferred tax liabilities	$	—		$	(1,622	)

Summary of activity related to the Company's unrecognized tax benefits

(In thousands)
Balance—December 31, 2010	$	3,273
Gross increases related to current year's tax positions		278
Balance—December 31, 2011	$	3,551
Decreases related to settlements		(184	)
Decreases related to expiration of statute of limitations		(133	)
Gross increases related to current year's tax positions		285
Balance—December 31, 2012	$	3,519