Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Taxes

The provision for income taxes from continuing operations consists of the following:

	Year Ended December 31,
		2014			2013			2012
	(In thousands)
Current:
Federal	$	31,700		$	26,071		$	14,402
State and local		6,505			5,958			2,287
Foreign		1,456			1,014			1,315
Total current provision		39,661			33,043			18,004
Deferred:
Federal		3,583			5,507			8,542
State and local		530			812			1,046
Foreign		(44	)		(645	)		(6	)
Total deferred provision		4,069			5,674			9,582
Provision for income taxes	$	43,730		$	38,717		$	27,586

Difference Between the Company's Reported Provision for Income Taxes and the U.S. Federal Statutory Rate

The difference between the Company’s reported provision for income taxes and the U.S. federal statutory rate of 35% is as follows:

	Year Ended December 31,
		2014			2013			2012
U.S. federal tax at statutory rate		35.0		%	35.0		%	35.0		%
State and local taxes - net of federal benefit		4.2			4.1			2.4
Credits and deductions related to research activities		(1.7	)		(3.0	)		—
Release of previously unrecognized tax benefits		—			—			(7.5	)
Other, net		(0.6	)		—			1.0
Provision for income taxes		36.9		%	36.1		%	30.9		%

Summary of Company's Net Deferred Tax Assets

The following is a summary of the Company’s net deferred tax assets:

	As of December 31,
		2014			2013
	(In thousands)
Deferred tax assets
U.S. net operating loss carryforwards	$	3,102		$	4,273
Capital loss carryforwards		7,428			7,487
Stock compensation expense		7,266			6,022
Other		3,482			3,307
Total deferred tax assets		21,278			21,089
Valuation allowance		(7,428	)		(7,743	)
Net deferred tax assets		13,850			13,346
Deferred tax liabilities
Depreciation and amortization		(2,461	)		(1,905	)
Capitalized software development costs		(4,495	)		(4,163	)
Intangible assets		(1,854	)		(2,331	)
Deferred tax assets, net	$	5,040		$	4,947

Summary of Changes in Valuation Allowance

A summary of the changes in the valuation allowance is as follows:

	Year Ended December 31,
		2014			2013			2012
	(In thousands)
Valuation allowance at beginning of year	$	7,743		$	727		$	287
(Decrease) increase to valuation allowance attributable to:
Current year income		(101	)		(65	)		440
State net operating loss		(155	)		(406	)		—
Capital (loss) gain		(59	)		7,487			—
Valuation allowance at end of year	$	7,428		$	7,743		$	727

Reconciliation of the Unrecognized Tax Benefits

A reconciliation of the unrecognized tax benefits is as follows:

	Year Ended December 31,
		2014		2013			2012
	(In thousands)
Balance at beginning of year	$	265	$	49		$	3,647
Additions for tax positions of current year		—		235			—
Reductions for tax positions of prior years		—		(19	)		(3,598	)
Balance at end of year	$	265	$	265		$	49