Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues:        
Service $ 24,505 $ 22,631 $ 74,241 $ 65,799
Product 3,885 3,495 12,436 10,876
Insurance 1,854 1,774 5,517 5,138
PhotoStamps 1,001 1,170 3,260 3,771
Other 0 1 1 7
Total revenues 31,245 29,071 95,455 85,591
Cost of revenues:        
Service 3,833 3,720 12,403 11,788
Product 1,315 1,271 4,322 4,009
Insurance 659 573 1,976 1,670
PhotoStamps 777 929 2,623 2,927
Total cost of revenues 6,584 6,493 21,324 20,394
Gross profit 24,661 22,578 74,131 65,197
Operating expenses:        
Sales and marketing 9,095 8,915 29,270 28,797
Research and development 2,844 2,625 8,187 7,837
General and administrative 3,961 3,953 11,553 11,233
Total operating expenses 15,900 15,493 49,010 47,867
Income from operations 8,761 7,085 25,121 17,330
Interest and other income, net 92 122 341 409
Income before income taxes 8,853 7,207 25,462 17,739
Income tax expense (benefit) 90 230 180 (11,521)
Net income $ 8,763 $ 6,977 $ 25,282 $ 29,260
Net income per share        
Basic (in dollars per share) $ 0.55 $ 0.43 $ 1.63 $ 1.80
Diluted (in dollars per share) $ 0.53 $ 0.42 $ 1.56 $ 1.72
Weighted average shares outstanding        
Basic (in shares) 15,816 16,103 15,545 16,273
Diluted (in shares) 16,389 16,675 16,184 17,015