PREPAID EXPENSES AND OTHER CURRENT ASSETS

3 Months Ended

Mar. 31, 2013

PREPAID EXPENSES AND OTHER CURRENT ASSETS

PREPAID EXPENSES AND OTHER CURRENT ASSETS

NOTE 5 — PREPAID EXPENSES AND OTHER CURRENT ASSETS

Prepaid expenses and other current assets consist of the following:

	March 31,		December 31,
(in thousands)	2013		2012
Maintenance agreements, current portion	$	5,457	$	3,636
Income taxes receivable	—		1,814
Prepaid expenses	2,954		1,640
Cash held for clients	594		447
Due from Ocwen on sale of Correspondent One	12,648		—
Other current assets	107		81
Total	$	21,760	$	7,618