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Unaudited Quarterly Information
12 Months Ended
Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract]  
Unaudited Quarterly Information
Unaudited Quarterly Information
The following represents unaudited quarterly financial data for 2012 and 2011:
 
 
Quarters Ended
 
Mar 31,
2012
 
Jun 30,
2012
 
Sep 30,
2012
 
Dec 31,
2012
 
Mar 31,
2011
 
Jun 30,
2011
 
Sep 30,
2011
 
Dec 31,
2011
 
(In thousands, except per share amounts)
Revenues
39,333

 
$
39,360

 
$
35,447

 
$
37,028

 
$
36,960

 
$
37,565

 
$
38,661

 
$
35,156

Cost of revenues
4,054

 
3,630

 
3,989

 
4,072

 
2,442

 
2,940

 
4,221

 
3,680

Gross profit
35,279

 
35,730

 
31,458

 
32,956

 
34,518

 
34,625

 
34,440

 
31,476

Operating expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Sales and marketing
16,265

 
16,061

 
17,427

 
18,489

 
16,131

 
18,701

 
16,737

 
13,921

General and administrative
9,444

 
9,303

 
9,836

 
10,109

 
8,394

 
8,295

 
8,478

 
9,380

Unexchanged promotional merger share
3,000

 

 

 

 
20,000

 

 

 

Total operating expenses
28,709

 
25,364

 
27,263

 
28,598

 
44,525

 
26,996

 
25,215

 
23,301

Operating income(loss)
6,570

 
10,366

 
4,195

 
4,358

 
(10,007
)
 
7,629

 
9,225

 
8,175

Interest income and other income
64

 
59

 
89

 
92

 
32

 
43

 
52

 
255

Gain (loss) on foreign currency
35

 
(75
)
 
46

 
(1
)
 
31

 
(1
)
 
(52
)
 
(58
)
Income (loss) from operations before income tax expense
6,669

 
10,350

 
4,330

 
4,449

 
(9,944
)
 
7,671

 
9,225

 
8,372

Income tax expense
2,922

 
3,090

 
896

 
692

 
4,011

 
2,752

 
3,298

 
1,944

Net income (loss)
$
3,747

 
$
7,260

 
$
3,434

 
$
3,757

 
$
(13,955
)
 
$
4,919

 
$
5,927

 
$
6,428

Basic Net income (loss) per share
0.23

 
0.45

 
0.22

 
0.24

 
(0.85
)
 
0.30

 
0.36

 
0.40

Diluted Net income (loss) per share
$
0.23

 
$
0.45

 
$
0.22

 
$
0.25

 
$
(0.85
)
 
$
0.30

 
$
0.36

 
$
0.40