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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:  
Net income$ 8,162$ 6,517
Adjustments to reconcile net income to net cash provided by operating activities:  
Stock-based compensation expense4,9513,602
Depreciation4,9293,888
Amortization of intangibles9531,168
Deferred income taxes(58)138
Provision for doubtful accounts23065
CHANGES IN OPERATING ASSETS AND LIABILITIES:  
Accounts receivable(3,434)(6,620)
Prepaid expenses and other current assets2,08044
Deferred implementation costs(66)(23)
Security deposits146(164)
Other Assets116 
Accounts payable470(957)
Accrued expenses(1,881)(966)
Deferred revenue849975
Net cash provided by operating activities17,4477,667
CASH FLOWS FROM INVESTING ACTIVITIES:  
Purchases of property and equipment, including capitalized software(6,156)(5,977)
Acquisition of NuConomy, net of cash acquired (789)
Acquisition of Proficient(75)(95)
Net cash used in investing activities(6,231)(6,861)
CASH FLOWS FROM FINANCING ACTIVITIES:  
Repurchase of common stock (3,650)
Excess tax benefit from the exercise of employee stock options1,447113
Proceeds from issuance of common stock in connection with the exercise of options6,8867,629
Net cash provided by financing activities8,3334,092
Effect of foreign exchange rate changes on cash and cash equivalents(23)(113)
Net increase in cash and cash equivalents19,5264,785
Cash and cash equivalents at the beginning of the period61,33645,572
Cash and cash equivalents at the end of the period$ 80,862$ 50,357