Stock-Based Compensation And Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2012

Stock-based Compensation Expense

The following table presents stock-based compensation expense included in the Company’s consolidated statements of income:

	Year Ended December 31,
	2012			2011			2010
Cost of portal revenues, exclusive of
depreciation & amortization	$	997,340		$	907,684		$	1,066,714
Cost of software & services revenues,
exclusive of depreciation & amortization		61,845			63,099			57,636
Selling & administrative		2,743,387			3,538,944			2,904,672
Stock-based compensation expense
before income taxes		3,802,572			4,509,727			4,029,022
Income tax benefit		(1,482,857	)		(1,820,473	)		(1,511,541	)
Net stock-based compensation expense	$	2,319,715		$	2,689,254		$	2,517,481

Restricted Stock Activity

A summary of restricted stock activity for the year ended December 31, 2012 is presented below:

	Restricted Shares			Weighted Average Grant Date Fair Value
Outstanding at January 1, 2012		1,188,193		$	8.04
Granted		499,929			11.83
Vested		(539,936	)		6.66
Canceled		(34,318	)		8.08
Outstanding at December 31, 2012		1,113,868			10.41

Assumptions Used to Estimate Grant Date Fair Value Using Black-Scholes Model

The fair values of the offerings were estimated on the dates of grant using the Black-Scholes model using the assumptions in the following table.

	March 31, 2013 Offering			March 31, 2012 Offering			March 31, 2011 Offering
Risk-free interest rate		0.19	%		0.27	%		0.42	%
Expected dividend yield		4.34	%		5.29	%		5.44	%
Expected life	1.0 year			1.0 year			1.0 year
Expected stock price volatility		37.30	%		31.26	%		40.36	%
Weighted average fair value of ESPP rights	$	3.27		$	3.00		$	2.03