Unaudited Supplementary Financial Information - Quarterly Results of Operations

12 Months Ended

Dec. 31, 2011

Unaudited Supplementary Financial Information - Quarterly Results of Operations

(10) Unaudited Supplementary Financial Information — Quarterly Results of Operations

The following table sets forth, for the periods indicated, the Company’s financial information for the eight most recent quarters ended December 31, 2011. In the Company’s opinion, this unaudited information has been prepared on a basis consistent with the annual consolidated financial statements and includes all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the unaudited information for the periods presented. This information should be read in conjunction with the consolidated financial statements, including the related notes, included herein.

	Quarter Ended
	Dec. 31, 2011			Sept. 30, 2011			June 30, 2011		Mar. 31, 2011		Dec. 31, 2010			Sept. 30, 2010		June 30, 2010			Mar. 31, 2010
Revenue	$	36,509		$	34,347		$	31,851	$	30,382	$	29,935		$	28,221	$	26,398		$	25,308
Operating expenses:
Cost of revenue		8,047			8,368			8,685		8,095		8,235			7,595		7,178			6,632
Product development		5,563			5,266			5,016		4,377		4,257			3,940		3,908			3,606
Sales and marketing		10,738			9,907			9,379		8,860		8,404			8,289		8,452			7,690
General and administrative		6,009			5,689			5,386		3,960		4,932			4,178		4,175			3,792
Amortization of intangibles		76			11			11		11		10			83		83			83
Total operating expenses		30,433			29,241			28,477		25,303		25,838			24,085		23,796			21,803
Income from operations		6,076			5,106			3,374		5,079		4,097			4,136		2,602			3,505
Other (expense) income:
Financial (expense) income		(132	)		(780	)		208		156		(59	)		43		(41	)		(49	)
Interest income		15			18			16		14		16			30		30			23
Total other (expense) income, net		(117	)		(762	)		224		170		(43	)		73		(11	)		(26	)
Income before provision for income taxes		5,959			4,344			3,598		5,249		4,054			4,209		2,591			3,479
Provision for income taxes		2,083			1,609			1,402		2,018		1,312			1,444		975			1,343
Net income	$	3,876		$	2,735		$	2,196	$	3,231	$	2,742		$	2,765	$	1,616		$	2,136
Basic net income per common share	$	0.07		$	0.05		$	0.04	$	0.06	$	0.05		$	0.05	$	0.03		$	0.04
Diluted net income per common share	$	0.07		$	0.05		$	0.04	$	0.06	$	0.05		$	0.05	$	0.03		$	0.04
Weighted average shares outstanding used in basic net income per common share calculation		53,563,396			53,109,824			52,735,556		52,080,363		51,133,917			50,976,468		50,921,609			49,838,491
Weighted average shares outstanding used in diluted net income per common share calculation		55,756,350			55,736,089			55,553,247		54,805,222		53,831,339			53,302,655		53,416,706			52,193,862