Financial Engines 10-Q 6 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	Apr. 29, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Trading Symbol	FNGN
Entity Registrant Name	FINANCIAL ENGINES, INC.
Entity Central Index Key	1430592
Current Fiscal Year End Date	-19
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		51,850,824

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Current assets:
Cash and cash equivalents	$116,180	$126,564
Short-term investments	194,837	179,885
Accounts receivable, net	69,328	66,001
Prepaid expenses	3,489	3,763
Deferred tax assets	8,430	7,932
Other current assets	5,143	5,445
Total current assets	397,407	389,590
Property and equipment, net	19,576	20,723
Internal use software, net	6,469	6,421
Long-term deferred tax assets	6,843	6,844
Direct response advertising, net	7,473	8,202
Other assets	3,002	3,265
Total assets	440,770	435,045
Current liabilities:
Accounts payable	23,555	21,678
Accrued compensation	7,429	10,103
Deferred revenue	6,329	5,840
Dividend payable	3,627	3,113
Other current liabilities	1,177	1,161
Total current liabilities	42,117	41,895
Long-term deferred revenue	356	427
Long-term deferred rent	8,743	8,689
Non-current tax liabilities	3,847	3,672
Other liabilities	121	151
Total liabilities	55,184	54,834
Contingencies (see note 9)
Stockholders' equity:
Preferred stock, $0.0001 par value - 10,000 authorized as of December 31, 2014 and March 31, 2015; None issued or outstanding as of December 31, 2014 and March 31, 2015
Common stock, $0.0001 par value - 500,000 authorized as of December 31, 2014 and March 31, 2015; 52,224 and 52,394 shares issued and 51,944 and 51,839 shares outstanding as of December 31, 2014 and March 31, 2015, respectively	5	5
Additional paid-in capital	417,324	404,908
Treasury stock, at cost 280 shares and 555 shares as of December 31, 2014 and March 31, 2015, respectively	-20,498	-9,182
Accumulated deficit	-11,245	-15,520
Total stockholders' equity	385,586	380,211
Total liabilities and stockholders' equity	$440,770	$435,045

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Preferred stock, par value	$0.00	$0.00
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	52,394,000	52,224,000
Common stock, shares outstanding	51,839,000	51,944,000
Treasury stock, shares	555,000	280,000

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Income (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Revenue:
Professional management	$66,583	$57,069
Platform	7,890	8,290
Other	473	518
Total revenue	74,946	65,877
Costs and expenses:
Cost of revenue (exclusive of amortization of internal use software)	30,891	25,978
Research and development	8,945	7,921
Sales and marketing	14,615	11,877
General and administrative	7,158	5,870
Amortization of internal use software	1,176	1,512
Total costs and expenses	62,785	53,158
Income from operations	12,161	12,719
Interest income, net	62	36
Other income, net		3
Income before income taxes	12,223	12,758
Income tax expense	4,322	4,941
Net and comprehensive income	$7,901	$7,817
Dividends declared per share of common stock	$0.07	$0.06
Net income per share attributable to holders of common stock
Basic	$0.15	$0.15
Diluted	$0.15	$0.15
Shares used to compute net income per share attributable to holders of common stock
Basic	51,923	51,100
Diluted	53,288	53,262

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Cash flows from operating activities:
Net income	$7,901	$7,817
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,457	1,116
Amortization of internal use software	1,099	1,425
Stock-based compensation	6,524	4,780
Amortization of deferred sales commissions	368	423
Amortization and impairment of direct response advertising	1,360	1,542
Amortization of premium (discount) on short-term investments	-64	13
Provision for doubtful accounts	235	175
Deferred tax assets	-323	1,629
Loss (gain) on fixed asset disposal		-8
Excess tax benefit associated with stock-based compensation	-4,214	-3,289
Changes in operating assets and liabilities:
Accounts receivable	-3,563	-663
Prepaid expenses	274	-189
Direct response advertising	-644	-400
Other assets	197	406
Accounts payable	6,412	4,676
Accrued compensation	-2,674	-7,751
Deferred revenue	417	-1,291
Deferred rent	68	-152
Net cash provided by operating activities	14,830	10,259
Cash flows from investing activities:
Purchase of property and equipment	-630	-1,687
Sale of property and equipment		8
Capitalization of internal use software	-1,132	-938
Purchases of short-term investments	-44,889	-29,965
Maturities of short-term investments	30,000	20,000
Net cash used in investing activities	-16,651	-12,582
Cash flows from financing activities:
Payments on capital lease obligations	-29	-21
Net share settlements for stock-based awards minimum tax withholdings	-282
Excess tax benefit associated with stock-based compensation	4,214	3,289
Cash dividend payments	-3,113	-2,540
Repurchase of common stock	-11,316
Proceeds from issuance of common stock	1,963	4,288
Net cash provided by (used in) financing activities	-8,563	5,016
Net increase (decrease) in cash and cash equivalents	-10,384	2,693
Cash and cash equivalents, beginning of period	126,564	126,003
Cash and cash equivalents, end of period	116,180	128,696
Supplemental cash flows information:
Income taxes paid, net of refunds	206	188
Interest paid	3	3
Non-cash operating, investing and financing activities:
Purchase of property and equipment under capital lease		125
Unpaid purchases of property and equipment	797	83
Capitalized stock-based compensation for internal use software	90	67
Capitalized stock-based compensation for direct response advertising	7	9
Dividends declared but not yet paid	$3,627	$3,076

Organization_and_Description_o

Organization and Description of the Business	3 Months Ended
	Mar. 31, 2015
Organization and Description of the Business	NOTE 1 — Organization and Description of the Business
	The Company
	Financial Engines, Inc. (the Company) was incorporated on May 13, 1996 under the laws of the State of California and is headquartered in Sunnyvale, California. In February 2010, the Company was reincorporated under the laws of the State of Delaware.
	Financial Engines is a provider of independent, technology-enabled portfolio management services, investment advice and retirement income services primarily to participants in employer-sponsored defined contribution plans, such as 401(k) plans. The Company helps investors plan for retirement by offering personalized plans for saving and investing, as well as by providing assessments of retirement income needs and readiness, regardless of personal wealth or investment account size. The Company uses its proprietary advice technology platform to provide independent, personalized portfolio management, investment advice and retirement income services to millions of retirement plan participants on a cost-efficient basis.

Basis_of_Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2015
Basis of Presentation	NOTE 2 — Basis of Presentation
	Interim Financial Statements
	The accompanying condensed consolidated financial statements and notes thereto are unaudited. These unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (GAAP) and applicable rules and regulations of the Securities and Exchange Commission (SEC) regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Accordingly, these interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes contained in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2014, as filed on February 20, 2015 with the SEC (the 2014 Annual Report). The Condensed Consolidated Balance Sheet as of December 31, 2014, included herein, was derived from the audited financial statements as of that date but does not include all disclosures including notes required by GAAP.
	The unaudited interim condensed consolidated financial statements have been prepared on the same basis as the audited consolidated financial statements and include all adjustments necessary for the fair presentation of the Company’s Balance Sheets as of December 31, 2014 and March 31, 2015, the Company’s Statements of Income for the three months ended March 31, 2014 and 2015 and the Company’s Statements of Cash Flows for the three months ended March 31, 2014 and 2015. The results for the three months ended March 31, 2015 are not necessarily indicative of the results to be expected for the year ending December 31, 2015.
	Comprehensive income is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources. Comprehensive income is the same as net income for all periods presented.
	Use of Estimates
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expense during the reporting period. Significant items subject to such estimates and assumptions include income taxes, stock-based compensation, direct response advertising, revenue recognition, and the useful lives of property, equipment and internal use software cost. Actual results could differ from those estimates under different assumptions or conditions.
	Short-term Investments
	Short-term investments consist of U.S. Treasury securities. The Company classifies its short-term investments as held-to maturity as the Company has the positive intent and ability to hold to maturity and they are carried at amortized cost. The Company evaluates the investments periodically for possible other-than-temporary impairment. In order to determine whether a decline in value is other-than-temporary, the Company evaluates, among other factors: the duration and extent to which the fair value has been less than the carrying value, and its intent and ability to retain the investment for a period of time sufficient to allow for any anticipated recovery in fair value.
	Recent Accounting Pronouncements
	On May 28, 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. This new standard may also impact how the Company accounts for certain direct costs associated with its revenues. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. Unless amended or delayed by the FASB, the new standard would become effective for the Company on January 1, 2017 and early adoption would not be permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting.

Cash_and_Cash_Equivalents

Cash and Cash Equivalents	3 Months Ended
	Mar. 31, 2015
Cash and Cash Equivalents	NOTE 3 — Cash and Cash Equivalents
	The Company considers all highly liquid investments with an original maturity of three months or less from date of purchase to be cash equivalents. Cash equivalents are comprised of cash held primarily in money market accounts. Cash and cash equivalents consist of the following:
		December 31,		March 31,
		2014		2015
		(In thousands)
	Cash	$	35,636	$	30,162
	Money market fund		90,928		86,018
	Total cash and cash equivalents	$	126,564	$	116,180

ShortTerm_Investments

Short-Term Investments	3 Months Ended
	Mar. 31, 2015
Short-Term Investments	NOTE 4 — Short-Term Investments
	The Company considers all investments purchased with an original remaining maturity of between three and twelve months at the date of purchase to be short-term investments. U.S. Treasury securities are classified as short-term investments and held-to-maturity. A reconciliation of amortized cost and fair value of short-term investments is as follows:
		December 31,			March 31,
		2014			2015
		(In thousands)
	U.S. Treasury Securities:
	Amortized cost	$	179,885		$	194,837
	Gross unrecognized gains		12			33
	Gross unrecognized losses		(28	)		(4	)
	Fair value	$	179,869		$	194,866

Concentration_of_Credit_Risk_a

Concentration of Credit Risk and Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2015
Concentration of Credit Risk and Fair Value of Financial Instruments	NOTE 5 — Concentration of Credit Risk and Fair Value of Financial Instruments
	The Company measures and reports its investments in money market funds at fair value on a recurring basis, which approximates their carrying value due to the short period of time to maturity, and reports its short-term investments in U.S. Treasury securities at amortized cost at each reporting period. There have been no changes in the Company’s valuation techniques during the three months ended March 31, 2015. The Company began purchasing U.S. Treasury securities in May 2013. The U.S. Treasury securities have maturity dates through March 2016. Both the money market funds and U.S. Treasury securities are classified as Level 1.
	The following table summarizes the Company’s financial assets measured at fair value on a recurring basis:
			As of December 31, 2014										As of March 31, 2015
			Total Fair			Quoted Prices in			Significant		Significant		Total Fair		Quoted Prices in		Significant		Significant
			Value			Active Markets			Other		Other		Value		Active Markets		Other		Other
						for Identical			Observable		Unobservable				for Identical		Observable		Unobservable
						Assets			Inputs		Inputs				Assets		Inputs		Inputs
						(Level 1) (1)			(Level 2) (2)		(Level 3) (3)				(Level 1) (1)		(Level 2) (2)		(Level 3) (3)
			(In thousands)
	Assets:
	Money Market Funds		$	90,928		$	90,928		$	—	$	—	$	86,018	$	86,018	$	—	$	—
	U.S. Treasury Securities		$	179,869		$	179,869		$	—	$	—	$	194,866	$	194,866	$	—	$	—
	-1	Level 1: Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.
	-2	Level 2: Inputs reflect quoted prices for identical assets or liabilities in markets that are not active; quoted prices for similar assets or liabilities in active markets; inputs other than quoted prices that are observable for the assets or liabilities; or inputs that are derived principally from or corroborated by observable market data by correlation or other means.
	-3	Level 3: Unobservable inputs reflecting the Company’s own assumptions incorporated in valuation techniques used to determine fair value. These assumptions are required to be consistent with market participant assumptions that are reasonably available.
	Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash, cash equivalents and accounts receivable. The Company maintains its cash and cash equivalents primarily in highly-rated taxable money market funds located in the United States, in which deposits may exceed federal deposit insurance limits. The fair value of the Company’s accounts receivable and accounts payable approximates the carrying amount due to their short duration.
	The Company’s customers are concentrated in the United States. The Company performs ongoing credit evaluations of its customers and does not require collateral. The Company reviews the need for allowances for potential credit losses and such losses have been insignificant to date.
	Significant customer information is as follows:
	Percentage of accounts receivable:		December 31,			March 31,
			2014			2015
	Empower RetirementTM(1)			13	%		14	%
	Aon Hewitt Financial Advisors, LLC			10	%		9	%
			Three Months Ended
			March 31,
	Percentage of revenue:		2014			2015
	Empower RetirementTM(1)			11	%		10	%
	-1	Empower RetirementTM refers to Advised Assets Group, LLC, operating under the brand identity Empower RetirementTM, which purchased J.P. Morgan Retirement Plan Services LLC under agreement dated April 2, 2014.

Stockholders_Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2015
Stockholders' Equity	NOTE 6 — Stockholders’ Equity
	Stock-based Compensation
	The following table summarizes the stock-based compensation, as included in the Condensed Consolidated Statements of Income, by functional area:
		Three Months Ended
		March 31,
		2014		2015
		(In thousands)
	Stock-based compensation:
	Cost of revenue	$	584	$	1,056
	Research and development		1,120		1,415
	Sales and marketing		1,414		1,950
	General and administrative		1,575		2,026
	Amortization of internal use software		87		77
	Total stock-based compensation	$	4,780	$	6,524
	On a quarterly basis, the Company updates its Black-Scholes option pricing model to reflect the anticipated dividends to be paid over the expected term of the awards. For the three months ended March 31, 2015, the Company included a dividend yield of 0.7%.
	Cash Dividends
	On May 1 2015, the Board of Directors declared a quarterly dividend of $0.07 per share to be paid on July 3, 2015 to record-holders as of June 15, 2015. While the Company currently expects to pay comparable cash dividends on a quarterly basis in the future, any future determination with respect to the declaration and payment of dividends will be at the discretion of the Board of Directors. As of March 31, 2015, the Company had a dividend payable balance of $3.6 million, which was paid to stockholders in April 2015.
	Stock Repurchase Program
	On November 5, 2014, the Board of Directors approved a stock repurchase program of up to $50.0 million of the Company’s common stock over a twelve-month period of which $20.5 million has been utilized as of March 31, 2015. Any share repurchases may be made through open market and privately negotiated transactions, at times and in such amounts as management deems appropriate, and may or may not be made pursuant to one or more Rule 10b5-1 trading plans adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The timing and amount of any shares repurchased will depend on a variety of factors, including stock price, market conditions, corporate and regulatory requirements (including applicable securities laws and regulations and the rules of The NASDAQ Stock Market), any additional constraints related to material inside information the Company may possess, and capital availability. The Company has no commitment to make any repurchases. The stock repurchase program may be modified, extended or terminated by the Board of Directors at any time and there is no guarantee as to the exact number of shares, if any, that will be repurchased under the program. The stock repurchase program is expected to be funded by available working capital.
	The repurchases were recorded as treasury stock and resulted in a reduction of stockholders’ equity. The Company repurchased shares of its common stock in the open market during the periods presented as follows:
		Number of		Average		Amount
		Shares		Repurchase
				Price Per
				Share
						(In thousands)
	2015:00:00
	First quarter		275,000	$	41.15	$	11,316
	2014:00:00
	Fourth quarter		280,000	$	32.79	$	9,182
			555,000			$	20,498

Net_Income_Per_Common_Share

Net Income Per Common Share	3 Months Ended
	Mar. 31, 2015
Net Income Per Common Share	NOTE 7 — Net Income Per Common Share
	Basic net income per common share is computed by dividing net income attributable to common stockholders by the weighted average number of common shares outstanding during the period less the weighted average number of common shares repurchased by the Company during the period. Diluted net income per common share is computed by giving effect to all dilutive potential common shares, including options, RSUs, and PSUs. Repurchased shares are held as treasury stock and outstanding shares used to calculate earnings per share have been reduced by the weighted number of repurchased shares.
	The following table sets forth the computation of basic and diluted net income per share:
		Three Months Ended
		March 31,
		2014		2015
		(In thousands, except per share data)
	Numerator (basic and diluted):
	Net income	$	7,817	$	7,901
	Denominator (basic):
	Weighted average common shares outstanding		51,100		51,923
	Denominator (diluted):
	Weighted average common shares outstanding		51,100		51,923
	Dilutive stock options and awards outstanding		1,874		1,005
	Dilutive unvested restricted stock units		258		331
	Dilutive unvested performance stock units		30		29
	Net weighted average common shares outstanding		53,262		53,288
	Net income per share attributable to holders of common stock:
	Basic	$	0.15	$	0.15
	Diluted	$	0.15	$	0.15
	Diluted net income per share does not include the effect of the following anti-dilutive common equivalent shares:
		Three Months Ended
		March 31,
		2014		2015
		(In thousands)
	Stock options outstanding		311		2,075

Income_Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2015
Income Taxes	NOTE 8 — Income Taxes
	The Company recorded an income tax provision of $4.9 million and $4.3 million for the three months ended March 31, 2014 and 2015, respectively. The Company’s effective tax rate was 39% and 35% for the three months ended March 31, 2014 and 2015, respectively. The decrease in the Company’s effective tax rate was due primarily to changes in state income taxes.
	As of December 31, 2014, the Company continues to believe that sufficient positive evidence exists from historical operations and future projections to conclude that it is more likely than not to fully realize its federal deferred tax assets and to partially realize its State of California deferred tax assets in future periods. The Company continuously evaluates additional facts representing positive and negative evidence in the determination of the realizability of the deferred tax assets. The Company is subject to income taxes in the U.S. federal jurisdiction and various state jurisdictions. All tax years since inception are open due to loss carryforwards and may be subject to examination in one or more jurisdictions.
	At December 31, 2014, the Company had net operating loss carryforwards for federal purposes of approximately $162.6 million that expire at varying dates through 2034. As of December 31, 2014, the Company had gross unrecognized tax benefits for income taxes associated with uncertain tax positions of $8.3 million. The balance of the gross unrecognized tax benefits is not expected to materially change in the next twelve months.
	The Company recognizes accrued interest and penalties related to unrecognized tax benefits as a component of income tax expense. During the three months ended March 31, 2014 and 2015, the accrued interest and penalties were immaterial.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies	NOTE 9 — Commitments and Contingencies
	Commitments
	In March 2014, the Company entered into a non-cancelable operating lease for a new Boston, MA facility which included a tenant improvement allowance of approximately $2.4 million, and as of March 31, 2015, there was a receivable balance associated with this allowance of $2.2 million.
	Contingencies
	The Company includes service level commitments to its customers warranting certain levels of reliability and performance. The maximum total commitments under these obligations would not have a material effect on the Company’s operating results.

Basis_of_Presentation_Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2015
Use of Estimates	Use of Estimates
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expense during the reporting period. Significant items subject to such estimates and assumptions include income taxes, stock-based compensation, direct response advertising, revenue recognition, and the useful lives of property, equipment and internal use software cost. Actual results could differ from those estimates under different assumptions or conditions.
Short-term Investments	Short-term Investments
	Short-term investments consist of U.S. Treasury securities. The Company classifies its short-term investments as held-to maturity as the Company has the positive intent and ability to hold to maturity and they are carried at amortized cost. The Company evaluates the investments periodically for possible other-than-temporary impairment. In order to determine whether a decline in value is other-than-temporary, the Company evaluates, among other factors: the duration and extent to which the fair value has been less than the carrying value, and its intent and ability to retain the investment for a period of time sufficient to allow for any anticipated recovery in fair value.
Recent Accounting Pronouncements	Recent Accounting Pronouncements
	On May 28, 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. This new standard may also impact how the Company accounts for certain direct costs associated with its revenues. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. Unless amended or delayed by the FASB, the new standard would become effective for the Company on January 1, 2017 and early adoption would not be permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting.

Cash_and_Cash_Equivalents_Tabl

Cash and Cash Equivalents (Tables)	3 Months Ended
	Mar. 31, 2015
Cash and Cash Equivalents	Cash and cash equivalents consist of the following:
		December 31,		March 31,
		2014		2015
		(In thousands)
	Cash	$	35,636	$	30,162
	Money market fund		90,928		86,018
	Total cash and cash equivalents	$	126,564	$	116,180

ShortTerm_Investments_Tables

Short-Term Investments (Tables)	3 Months Ended
	Mar. 31, 2015
Reconciliation Between Amortized Cost and Fair Value of Short-Term Investments	A reconciliation of amortized cost and fair value of short-term investments is as follows:
		December 31,			March 31,
		2014			2015
		(In thousands)
	U.S. Treasury Securities:
	Amortized cost	$	179,885		$	194,837
	Gross unrecognized gains		12			33
	Gross unrecognized losses		(28	)		(4	)
	Fair value	$	179,869		$	194,866

Concentration_of_Credit_Risk_a1

Concentration of Credit Risk and Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2015
Summary of Financial Assets Measured at Fair Value on Recurring Basis	The following table summarizes the Company’s financial assets measured at fair value on a recurring basis:
			As of December 31, 2014										As of March 31, 2015
			Total Fair			Quoted Prices in			Significant		Significant		Total Fair		Quoted Prices in		Significant		Significant
			Value			Active Markets			Other		Other		Value		Active Markets		Other		Other
						for Identical			Observable		Unobservable				for Identical		Observable		Unobservable
						Assets			Inputs		Inputs				Assets		Inputs		Inputs
						(Level 1) (1)			(Level 2) (2)		(Level 3) (3)				(Level 1) (1)		(Level 2) (2)		(Level 3) (3)
			(In thousands)
	Assets:
	Money Market Funds		$	90,928		$	90,928		$	—	$	—	$	86,018	$	86,018	$	—	$	—
	U.S. Treasury Securities		$	179,869		$	179,869		$	—	$	—	$	194,866	$	194,866	$	—	$	—
	-1	Level 1: Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.
	-2	Level 2: Inputs reflect quoted prices for identical assets or liabilities in markets that are not active; quoted prices for similar assets or liabilities in active markets; inputs other than quoted prices that are observable for the assets or liabilities; or inputs that are derived principally from or corroborated by observable market data by correlation or other means.
	-3	Level 3: Unobservable inputs reflecting the Company’s own assumptions incorporated in valuation techniques used to determine fair value. These assumptions are required to be consistent with market participant assumptions that are reasonably available.
Significant Customer Information	Significant customer information is as follows:
	Percentage of accounts receivable:		December 31,			March 31,
			2014			2015
	Empower RetirementTM(1)			13	%		14	%
	Aon Hewitt Financial Advisors, LLC			10	%		9	%
			Three Months Ended
			March 31,
	Percentage of revenue:		2014			2015
	Empower RetirementTM(1)			11	%		10	%
	-1	Empower RetirementTM refers to Advised Assets Group, LLC, operating under the brand identity Empower RetirementTM, which purchased J.P. Morgan Retirement Plan Services LLC under agreement dated April 2, 2014.

Stockholders_Equity_Tables

Stockholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2015
Schedule of Share-Based Compensation by Functional Area	The following table summarizes the stock-based compensation, as included in the Condensed Consolidated Statements of Income, by functional area:
		Three Months Ended
		March 31,
		2014		2015
		(In thousands)
	Stock-based compensation:
	Cost of revenue	$	584	$	1,056
	Research and development		1,120		1,415
	Sales and marketing		1,414		1,950
	General and administrative		1,575		2,026
	Amortization of internal use software		87		77
	Total stock-based compensation	$	4,780	$	6,524
Repurchases of Common Shares in Open Market	The Company repurchased shares of its common stock in the open market during the periods presented as follows:
		Number of		Average		Amount
		Shares		Repurchase
				Price Per
				Share
						(In thousands)
	2015:00:00
	First quarter		275,000	$	41.15	$	11,316
	2014:00:00
	Fourth quarter		280,000	$	32.79	$	9,182
			555,000			$	20,498

Net_Income_Per_Common_Share_Ta

Net Income Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2015
Computation of Basic and Diluted Net Income Per Share	The following table sets forth the computation of basic and diluted net income per share:
		Three Months Ended
		March 31,
		2014		2015
		(In thousands, except per share data)
	Numerator (basic and diluted):
	Net income	$	7,817	$	7,901
	Denominator (basic):
	Weighted average common shares outstanding		51,100		51,923
	Denominator (diluted):
	Weighted average common shares outstanding		51,100		51,923
	Dilutive stock options and awards outstanding		1,874		1,005
	Dilutive unvested restricted stock units		258		331
	Dilutive unvested performance stock units		30		29
	Net weighted average common shares outstanding		53,262		53,288
	Net income per share attributable to holders of common stock:
	Basic	$	0.15	$	0.15
	Diluted	$	0.15	$	0.15
Anti-dilutive Common Equivalent Shares	Diluted net income per share does not include the effect of the following anti-dilutive common equivalent shares:
		Three Months Ended
		March 31,
		2014		2015
		(In thousands)
	Stock options outstanding		311		2,075

Cash_and_Cash_Equivalents_Deta

Cash and Cash Equivalents (Detail) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Cash and Cash Equivalents [Line Items]
Cash	$30,162	$35,636
Money market fund	86,018	90,928
Total cash and cash equivalents	$116,180	$126,564	$128,696	$126,003

Reconciliation_Between_Amortiz

Reconciliation Between Amortized Cost and Fair Value of Short-Term Investments (Detail) (US Treasury Securities, USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
US Treasury Securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	$194,837	$179,885
Gross unrecognized gains	33	12
Gross unrecognized losses	-4	-28
Fair value	$194,866	$179,869

Financial_Assets_Measured_at_F

Financial Assets Measured at Fair Value on Recurring Basis (Detail) (USD $)	Mar. 31, 2015		Dec. 31, 2014
In Thousands, unless otherwise specified
Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Fair value of financial assets measured on recurring basis	$86,018		$90,928
US Treasury Securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Fair value of financial assets measured on recurring basis	194,866		179,869
Fair Value, Inputs, Level 1 | Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Fair value of financial assets measured on recurring basis	86,018	[1]	90,928	[1]
Fair Value, Inputs, Level 1 | US Treasury Securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Fair value of financial assets measured on recurring basis	$194,866	[1]	$179,869	[1]
[1]	Level 1: Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.

Significant_Customer_Informati

Significant Customer Information (Detail) (Credit Concentration Risk)	3 Months Ended		12 Months Ended		3 Months Ended
	Mar. 31, 2015		Dec. 31, 2014		Mar. 31, 2014
Empower Retirement TM | Accounts Receivable
Concentration Risk [Line Items]
Percentage of significant customer	14.00%	[1]	13.00%	[1]
Empower Retirement TM | Revenue
Concentration Risk [Line Items]
Percentage of significant customer	10.00%	[1]			11.00%	[1]
Aon Hewitt Financial Advisors LLC | Accounts Receivable
Concentration Risk [Line Items]
Percentage of significant customer	9.00%		10.00%
[1]	Empower RetirementTM refers to Advised Assets Group, LLC, operating under the brand identity Empower RetirementTM, which purchased J.P. Morgan Retirement Plan Services LLC under agreement dated April 2, 2014.

StockBased_Compensation_by_Fun

Stock-Based Compensation by Functional Area (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation	$6,524	$4,780
Cost of revenue
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation	1,056	584
Research and development
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation	1,415	1,120
Sales and marketing
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation	1,950	1,414
General and administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation	2,026	1,575
Amortization of Internal Use Software
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation	$77	$87

Stockholders_Equity_Additional

Stockholders' Equity - Additional Information (Detail) (USD $)	3 Months Ended		0 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	1-May-15	Dec. 31, 2014	Nov. 05, 2014
Dividend yield rate	0.70%
Dividend declared per share of common stock outstanding	$0.07	$0.06
Dividend payable	$3,627,000	$3,076,000		$3,113,000
Dividends paid date	2015-04
Share repurchase program, utilized amount	20,498,000			9,182,000
Common Stock | Maximum
Stock repurchase program, authorized amount					$50,000,000
Subsequent Event
Dividend declared per share of common stock outstanding			$0.07
Dividends to be paid date			3-Jul-15
Dividend payable record date			15-Jun-15

Repurchases_of_Common_Shares_i

Repurchases of Common Shares in Open Market (Detail) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2015
Stock Repurchase Program [Line Items]
Number of Shares	275,000	280,000	555,000
Average Repurchase Price Per Share	$41.15	$32.79
Amount	$11,316	$9,182	$20,498

Computation_of_Basic_and_Dilut

Computation of Basic and Diluted Net Income Per Share (Detail) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Numerator (basic and diluted):
Net income	$7,901	$7,817
Denominator (basic):
Weighted average common shares outstanding	51,923	51,100
Denominator (diluted):
Weighted average common shares outstanding	51,923	51,100
Net weighted average common shares outstanding (diluted)	53,288	53,262
Net income per share attributable to holders of common stock:
Basic	$0.15	$0.15
Diluted	$0.15	$0.15
Stock Options and Awards Outstanding
Denominator (diluted):
Incremental common shares included in the diluted EPS calculation	1,005	1,874
Restricted Stock Units (RSUs)
Denominator (diluted):
Incremental common shares included in the diluted EPS calculation	331	258
Performance Stock Units
Denominator (diluted):
Incremental common shares included in the diluted EPS calculation	29	30

Antidilutive_Common_Equivalent

Anti-dilutive Common Equivalent Shares (Detail) (Stock Options Outstanding)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Stock Options Outstanding
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive common equivalent shares	2,075	311

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Income Taxes [Line Items]
Income tax provision	$4,322,000	$4,941,000
Effective tax rate	35.00%	39.00%
Gross unrecognized tax benefits			8,300,000
Internal Revenue Service (IRS)
Income Taxes [Line Items]
Operating loss carryforwards			$162,600,000
Net operating loss carryforwards expire through	Expire through 2034

Commitments_and_Contingencies_

Commitments and Contingencies - Additional Information (Detail) (Boston Massachusetts, USD $)	Mar. 31, 2015	Mar. 31, 2014
In Millions, unless otherwise specified
Boston Massachusetts
Commitments and Contingencies [Line Items]
Tenant improvement allowance		$2.40
Receivable related to tenant improvement allowance	$2.20