PROVISION FOR INCOME TAXES

3 Months Ended

Mar. 31, 2013

PROVISION FOR INCOME TAXES [Abstract]

PROVISION FOR INCOME TAXES

7. PROVISION FOR INCOME TAXES

In determining our provision for income taxes, we consider all available information, including operating results, ongoing tax planning, and forecasts of future taxable income.The significant components of the Company's deferred tax assets pursuant to Accounting Standards Codification 740-10-50 consist of stock-based compensation and deferred revenues. For the three month period ended March 31, 2013, the provision for income taxes was $0.7 million.  For the three month period ended March 31, 2013, the valuation allowance with respect to the Company's net deferred tax assets remained unchanged.  As of March 31, 2013, our remaining deferred tax assets were approximately $1.6 million.

For the three month period ended March 31, 2012, the provision for income taxes was $0.5 million, primarily a non-cash charge. For the three month period ended March 31, 2012, the valuation allowance with respect to the Company's net deferred tax assets remained unchanged.  As of March 31, 2012, our remaining deferred tax assets decreased by $0.3 million to approximately $2.8 million.