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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net income $ 12,038 $ 9,259 $ 7,763
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation expense 6,771 5,142 4,726
Depreciation 6,563 5,791 3,347
Amortization of intangibles 1,029 1,486 1,973
Provision for doubtful accounts, net 290 166 68
Deferred income taxes 229 832 2,865
Changes in operating assets and liabilities, net of acquisition:      
Accounts receivable (4,798) (6,391) (2,760)
Prepaid expenses and other current assets 665 (2,687) (1,948)
Deferred implementation costs (84) (28) 12
Security deposits 146 (174) 23
Other assets 116   (116)
Accounts payable 1,451 45 1,836
Accrued expenses 211 1,224 2,367
Deferred revenue 447 884 866
Net cash provided by operating activities 25,074 15,549 21,022
Cash flows from investing activities:      
Purchases of property and equipment, including capitalized software (7,268) (8,002) (5,442)
Acquisition of NuConomy, net of cash acquired   (789)  
Acquisition of Proficient (75) (95) (98)
Acquisition of patents     (475)
Net cash used in investing activities (7,343) (8,886) (6,015)
Cash flows from financing activities:      
Repurchase of common stock   (3,649) (28)
Excess tax benefit from the exercise of employee stock options and warrants 4,001 1,397 936
Proceeds from issuance of common stock in connection with the exercise of options and warrants 10,280 11,484 4,191
Net cash provided by financing activities 14,281 9,232 5,099
Effect of foreign exchange rate changes on cash and cash equivalents (70) (131) (34)
Net increase in cash and cash equivalents 31,942 15,764 20,072
Cash and cash equivalents at the beginning of the year 61,336 45,572 25,500
Cash and cash equivalents at the end of the year $ 93,278 $ 61,336 $ 45,572