Speaker Denise Levenick coming to the VCGS November 2012 general meeting

Denise Levenick, aka The Family Curator - November 17, 2012

The speaker for the Ventura County Genealogical Society’s (VCGS) monthly meeting to be held Saturday, November 17, at the Church of Jesus Christ of Latter-day Saints, 3501 Loma Vista Rd (at Mills Rd.) Ventura, California.

TOPIC: The Paper-Less Genealogist
Simple strategies break the paper habit, file less paper, and organize what you keep.

Spend less time searching for files, and more time searching for ancestors with strategies to help you tame the paper tiger and become master of your scanner and digital file system. This presentation will cover: choosing the best scanner for your needs, basic scanner settings for genealogists, file naming for easy retrieval, and baby steps to help you move toward managing less paper.

Ms. Levenick, a former English and Journalism instructor says she's passionate about "old stuff." In every family, someone ends up with “the stuff.” It is the goal of The Family Curator to inspire, enlighten, and encourage other family curators in their efforts to preserve and share their own family treasures.

For more information, visit the society’s website at: http://www.rootsweb.ancestry.com/~cavcgs/

About Ventura County Genealogical Society

Ventura County Genealogical Society is a California-registered Non-Profit organization dedicated to the promotion of genealogy and public education. Their website is http://www.rootsweb.ancestry.com/~cavcgs. VCGS maintains a reference library located within the Camarillo Library at 4101 Las Posas Road, Camarillo, California.

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Federation of Genealogical Societies to be FHISO Founding Member

Austin, TX and Gilbert, AZ (USA) — October 29, 2012 — The Federation of Genealogical Societies (FGS) and Family History Information Standards Organisation, Inc. (FHISO) announced today that the Federation of Genealogical Societies has finalized its plans to become a founding member of the organization. As part of this process, FGS has designated Drew Smith as its key organizational member representative. Drew will participate with other FHISO members from the global genealogical community in the development of standards for the digital representation and sharing of family history and genealogical information.

"After RootsTech 2011, the Federation of Genealogical Societies launched a Technology Initiative and committed itself to serving as a technological role model for its member societies. By becoming a founding member of FHISO, FGS provides yet another example of this leadership role in an area of technology that significantly impacts the lives of genealogists,” said Drew Smith, an FGS Director and FGS Representative to FHISO.

“One of the things that distinguishes modern standards development is the diversity of interests that drive the multi-stakeholder model. FGS’s hundreds of member organizations extend across interests and borders. With today’s announcement, FGS has shown the leadership that will help make that modern model possible for all of us,” said Robert Burkhead, acting FHISO Chairman.

The Federation of Genealogical Societies (FGS) was founded in 1976 and represents the members of hundreds of genealogical societies. FGS links the genealogical community by helping genealogical societies strengthen and grow through resources available online, FGS Forum magazine (filled with articles pertaining to society management and genealogical news), and Society Strategy Series papers, covering topics about effectively operating a genealogical society. FGS also links the genealogical community through its annual conference -- four days of excellent lectures, including one full day devoted to society management topics. To learn more about the FGS, visit http://www.fgs.org.

FHISO is a standards-developing organization bringing the international family history and genealogical community together in a transparent, self-governing forum for the purpose of developing information standards to solve today’s interoperability issues. To learn more about FHISO, visit http://fhiso.org/.

Please join us in welcoming the Federation of Genealogical Societies and Drew Smith to FHISO!

Illinois State Genealogical Society Announces 2012 Award Winners

Awards Announced At ISGS Annual Conference in Rockford, IL

October 29, 2012 – Springfield, IL. On Saturday, October 20, 2012, five individuals were honored by the Illinois State Genealogical Society (ISGS) with awards for their outstanding achievements in the field of genealogy. ISGS presented the awards at the its annual conference – Family History In Profile – in Rockford, Illinois:

ISGS President Janice Fritsch and Rita Welsh
Mrs. Rita Welsh – Special Recognition
Oregon, Illinois
Mrs. Rita Welsh is a retired librarian for the Lee County Genealogical Society. Her wonderful memory for the local, and not so local, facts has made her invaluable to researchers who visited the library in search of their “roots.” Rita was an outstanding example of loyalty, efficiency and willingness to do all she could to help people find their needed information.

Janice Fritsch and D. Patrick Gorman
D. Patrick Gorman - Community Service Award
Dixon, Illinois
D. Patrick Gorman has helped military veterans from all over the world with their research, from the Civil War era through and including World War ll. He has even searched for and found records for many foreign citizens who enlisted and fought for our country. He has been instrumental in obtaining and having markers placed for many veterans even though they may be buried in their homeland.

Sheryl Prange, Janice Fritsch, and Merrill Prange
Merrill and Sheryl Prange - Community Service Award
Fults, Illinois
Merrill and Sheryl Prange have worked on 12 different cemeteries over the past 15 years, that no one else wanted to take care of. The cut the brush, mow the grass, and repair headstones. Each time they tackle a new cemetery, they type up an index of the stones and share them with the county genealogy society. They are not paid to do this, it is all done out of the goodness of their hearts.

Janice Fritsch and Thomas MacEntee
Thomas MacEntee - Volkel Medal of Honor
Chicago, Illinois
Thomas MacEntee is a genealogy professional specializing in the use of technology and social media to improve genealogy research and as a way to connect with others in the family history community. He is also the Webmaster for ISGS. Utilizing over 25 years of experience in the information technology field, Thomas writes and lectures on the many ways in which blogs, Facebook, and Twitter can be leveraged to add new dimensions to the genealogy experience.
According to Janice Fritsch, ISGS President: “Every year ISGS honors members of the genealogical community who have given beyond the ordinary and this year is no exception. Thank you to those who submitted nominees for an ISGS award and congratulations to all the award winners!”

About Illinois State Genealogical Society

The Illinois State Genealogical Society (ISGS) was formed in 1968 through the cooperative effort and forward thinking of Illinois genealogical society representatives, who envisioned a statewide genealogical organization. ISGS is a not-for-profit, nonsectarian, educational organization. ISGS was established for the following purposes:
  • To stimulate an interest in the people who contributed to the establishment and development of the State of Illinois.
  • To seek, preserve, and make available data pertaining to individuals, families, and groups who lived in Illinois and to events which took place therein.
  • To inform people of the value of, and need for, preserving family and local history for posterity.
  • To encourage the formation of local genealogical societies and to coordinate and disseminate information.
Follow us on Facebook (http://www.facebook.com/ILgensoc), Twitter (http://www.twitter.com/ILgensoc) and on our blog at http://ilgensoc.blogspot.com.

Frederick C. Hart Jr., CG, FASG: Becoming a Genealogist

Frederick C. Hart Jr., CG, FASG: “Becoming a Genealogist”

New Release in Voices of Genealogy Video Series

ARLINGTON, VA, 26 OCTOBER 2012: The National Genealogical Society is pleased to announce the October video release honoring the 100th anniversary of the National Genealogical Society Quarterly (NGSQ): Frederick C. Hart Jr.’s reflections on ”Becoming a Genealogist.”

An electrical engineer by profession, Fred Hart’s inclination for problem solving trumped his prior lack of interest in history when he discovered discrepancies in published histories of his mother’s family. He took on the challenge of resolving the differences and became dedicated to the discipline of genealogy. Planning to build a second career when he retired, he began to undertake client work and in 1993 earned the certified genealogist credential.

Fred is the genealogist for the Connecticut Ancestry Society and has been a prolific contributor to Connecticut Ancestry, the New England Historical and Genealogical Register, the New York Genealogical and Biographical Record, and The American Genealogist. He was named a fellow of the American Society of Genealogists (ASG) in 2007 for the quality and quantity of his published genealogical scholarship.

The video was produced by award winning filmmakers Kate Geis and Allen Moore from an interview by Melinde Lutz Byrne, CG, FASG, co-editor of the NGSQ. Frederick C. Hart Jr., CG, FASG, “Becoming a Genealogist,” is now playing for all NGS members at http://www.ngsgenealogy.org.

Previous releases in the Voices of Genealogy archive now playing at the NGS website (http://www.ngsgenealogy.org) present Robert C. Anderson, FASG; Mary McCampbell Bell, CG; John Frederick Dorman, CG (Emeritus), FASG, FNGS, FVGS; David L. Greene, PhD, FASG; Ronald Ames Hill, PhD, CG, FASG; Henry B. Hoff, CG, FASG, FGBS; Harry Macy, FASG, FGBS; George Ely Russell, CG, FASG, FNGS; and Shirley Langdon Wilcox, CG, FNGS.

Video interviews with leading genealogists represent just one of the many opportunities NGS offers its members for honing their skills. Members receive the society’s outstanding quarterly publications, the NGSQ and the NGS Magazine, and can also take advantage of free courses and significant discounts on publications, courses, and the NGS annual conference to take place in Las Vegas, Nevada, 8–11 May 2013; Richmond, Virginia, 7–10 May 2014; and St. Louis, Missouri, 13–16 May 2015.

Founded in 1903, the National Genealogical Society is dedicated to genealogy education, high research standards, and the preservation of genealogical records. The Arlington, Virginia-based nonprofit is the premier national society for everyone, from the beginner to the most advanced family historian seeking excellence in publications, educational offerings, research guidance, and opportunities to interact with other genealogists.

BCG IN THE NEWS: Trustees and Website Changes Announced

Elissa Scalise Powell, CG, CGL, President of the Board for Certification of Genealogists, announced trustee changes to the Board for Certification of Genealogists (BCG), effective 14 October 2012. Yearly elections bring new or incumbent trustees to the board for three-year terms. Going off the board this year are:

  • Ann Carter Fleming, CG, CGL, of Missouri
  • Barbara Mathews, CG, of Massachusetts
  • Christine Rose, CG, CGL, FASG, of California
  • Willis H. White, CG, of Virginia

According to President Powell, "We heartily thank those who are leaving their trustee positions for their service to the board. We trust that they will continue to contribute to the many facets of genealogical research, scholarship, and activities and wish them well in all future endeavors."

The fifteen current members of BCG’s Board of Trustees are:

  • Elissa Scalise Powell, CG, CGL, of Pennsylvania, President,
  • Michael S. Ramage, JD, CG, of Pennsylvania, Vice-president
  • Dawne Slater-Putt, CG, of Indiana, Secretary
  • Jeanne Larzalere Bloom, CG, of Illinois, Treasurer
  • Stefani Evans, CG, of Nevada, Executive Committee Member-at-Large
  • CindyLee Butler Banks, CG, AG®, of Nebraska
  • Warren Bittner, CG, of Utah
  • Laura Murphy DeGrazia, CG, of New York
  • Victor S. Dunn, CG, of Virginia
  • Alison Hare, CG, of Ottawa, Ontario, Canada
  • Thomas W. Jones, PhD, CG, CGL, FASG, of Virginia
  • David McDonald, CG, of Wisconsin
  • Debra S. Mieszala, CG, of Illinois
  • Elizabeth Shown Mills, CG, CGL, FASG, of Tennessee
  • Judy G. Russell, JD, CG, of New Jersey


Many people wonder if board certification is for them. To address this question, BCG is placing website help in the form of a new certification seminar and several audio testimonials of which three are currently available at http://bcgcertification.org/certification/why.html. We hope you will enjoy hearing from the immediate past president, David McDonald, CG; a librarian, Beth Stahr, CG; and a professional genealogist, Michael Hait, CG, who offer their reasons for seeking certification. Testimonials rotate periodically, so please check back to hear more.

The Certification Seminar is a one-hour presentation that explains in detail what is expected of applicants when they assemble a portfolio and what applicants can expect of the certification process. Presented by Elissa Scalise Powell, CG, CGL, Thomas W. Jones, Ph.D., CG, CGL, FASG, and David McDonald, CG, it was taped in August 2012 by FamilySearch and is also a part of its Learning Center video library. BCG would like to thank FamilySearch for making this video possible. Societies and individuals are invited to view the seminar at http://bcgcertification.org/seminar/index.html.

Founded in 1964, the mission of the Board for Certification of Genealogists is to foster public confidence in genealogy as a respected branch of history by promoting an attainable, uniform standard of competence and ethics among genealogical practitioners, and by publicly recognizing persons who meet that standard. The publication The BCG Genealogical Standards Manual sets forth the currently accepted standards for all areas of genealogical research.

Certified Genealogist, Certified Genealogical Lecturer, CG and CGL are proprietary service marks of the Board for Certification of Genealogists (BCG) used by the Board to identify its program of genealogical competency and evaluation and used under license by the Board’s associates. The Board’s name is registered with the U.S. Patent & Trademark Office.

Association of Professional Genealogists Announces Details for 2013 Professional Management Conference

All-Star Speakers to Address Strategies for Building a Successful Business

WESTMINSTER, Colo., 24 October 2012−The Association of Professional Genealogists (APG®) today unveiled the details of its upcoming Professional Management Conference (PMC). Top genealogical speakers will address this year’s theme, “Strategies for Building a Successful Business.” Tom Jones, Ph.D., CG, CGL, FASG, FUGA, FNGS, will kick off the event with a workshop and lectures on Tuesday, while Judy Russell, J.D., CG, will open day two of the event with a hands-on workshop on court records. The event will be held in Salt Lake City the 19th and 20th of March, 2013, the two days prior to the RootsTech conference (http://www.rootstech.org).

“Given the success of last year’s conference, as well as the breadth of this year’s theme, we have expanded the event to a day and a half,” said APG President Kenyatta D. Berry. “We are excited by our speakers’ topics and are pleased that we have been able to continue offering fresh, exciting conferences that help our members develop their businesses.”

Speakers and topics include:

Workshop: Overcoming Research Barriers---An Interactive Case Study;
Variables in Professional Genealogists’ Approaches to Research;
Client Reports: Dos, Don’t, and Maybes
Thomas W. Jones, Ph.D., CG, CGL, FASG, FUGA, FNGS

Order in the Court: Hands-on with Court Records;
More Than the Begats: Using the Law to Spice up a Research Report
Judy G. Russell, J.D., CG

Launching an Effective Marketing Campaign
Thomas MacEntee

Video Marketing: Killer YouTube Strategies
Lisa Louise Cooke

The Best Educational Plan for You: The Workshop
Elissa Scalise Powell, CG, CGL

Organization for Genealogy Speakers
Jean Wilcox Hibben, Ph.D., M.A., CG

APG will also hold at reception and roundtable from 6:30–8:30 p.m. on Wednesday, 20 March, which is open to members and non-members.

Register Now for APG PMC 2013

Attendance at PMC is open to members and non-members. Attendees may choose to attend the full conference or a single day. Details on pricing and the conference sessions are available at http://www.apgen.org/conferences/index.html.

About the Association of Professional Genealogists

The Association of Professional Genealogists (www.apgen.org), established in 1979, represents more than 2,600 genealogists, librarians, writers, editors, historians, instructors, booksellers, publishers and others involved in genealogy-related businesses. APG encourages genealogical excellence, ethical practice, mentoring and education. The organization also supports the preservation and accessibility of records useful to the fields of genealogy and history. Its members represent all fifty states, Canada and thirty other countries. APG is active on LinkedIn, Twitter (www.twitter.com/apggenealogy) and Facebook (www.facebook.com/AssociationofProfessionalGenealogists).

Ancestry.com Inc. Reports Q3 2012 Financial Results

—Ancestry.com Subscriber Growth up 19% year-over-year—
— Q3 Total Revenue $128 million, up 24% year-over-year —
PROVO, Utah, Oct. 24, 2012 (GLOBE NEWSWIRE) -- Ancestry.com Inc. (Nasdaq:ACOM), the world's largest online family history resource, reported today financial results for the third quarter ended September 30, 2012.
"We are very pleased with our third quarter results that featured strong financial performance and subscriber metrics and solid execution on our content and product initiatives," said Tim Sullivan, Chief Executive Officer of Ancestry.com. "We completed the indexing of the 1940 US Federal Census, a key milestone for Ancestry.com and the family history category, and we continued to make progress with our mobile app platform and AncestryDNA rollout."
Separately, on October 22, 2012 the Company reported that a company owned by the Permira funds and co-investors entered into a definitive merger agreement to acquire Ancestry.com for $32.00 per share in cash in a transaction valued at $1.6 billion. The transaction, which is subject to the approval of holders of a majority of the outstanding shares of Ancestry.com common stock and other customary closing conditions, is expected to close in early 2013.
Ancestry.com Web Sites Highlights
  • Subscribers totaled approximately 2,020,000 as of September 30, 2012, a 19% increase over the end of the third quarter of 2011 and a 1% increase from the end of the second quarter of 2012.
  • Gross subscriber additions were 286,000 in the third quarter of 2012, compared to 274,000 in the third quarter of 2011 and 361,000 in the second quarter of 2012.
  • Monthly churn1 was 3.9% in the third quarter of 2012, compared to 4.2% in the third quarter of 2011 and 3.4% in the second quarter of 2012.
  • Subscriber acquisition cost2 in the third quarter of 2012 was $84.14, compared to $93.64 in the third quarter of 2011 and $81.49 in the second quarter of 2012.
  • Average monthly revenue per subscriber3 in the third quarter of 2012 was $18.68, compared to $18.68 in the third quarter of 2011 and $18.84 in the second quarter of 2012.
Third Quarter 2012 Financial Highlights
  • Total revenue for the third quarter of 2012 was $128.4 million, an increase of 24% over $103.1 million in the third quarter of 2011.
  • Operating income for the third quarter of 2012 was $35.9 million, compared to $27.2 million in the third quarter of 2011.
  • Adjusted EBITDA4 for the third quarter of 2012 was $51.3 million, compared to $40.1 million in the third quarter of 2011. Adjusted EBITDA margin for the third quarter of 2012 was 39.9%, compared to 38.9% in the third quarter of 2011.
  • Net income was $24.9 million, or $0.54 per fully diluted share, for the third quarter of 2012 compared to $19.1 million, or $0.40 per fully diluted share, in the third quarter of 2011.
  • Free cash flow5 totaled $30.8 million for the third quarter of 2012 compared to $30.6 million for the third quarter of 2011.
  • Cash and cash equivalents totaled $64.6 million as of September 30, 2012.
Recent Business Highlights
  • The Company completed the acquisition of Archives.com.
  • The Company completed the acquisition of 1000Memories and its popular Shoebox app.
  • The Company released the first complete and searchable 1940 US Federal Census database on August 2, 2012 with 134 million searchable indexed records.
  • The Company ended the quarter with approximately 11 billion records; new collections included:
-- Over 13 million vital records from Indiana, Tennessee, Ohio, Washington, and Kansas
-- Approximately 1 million new passenger lists and naturalization records from New York, Texas, Washington, Pennsylvania, US Virgin Islands, and Puerto Rico
-- 4.4 million records from the US WWII Navy Muster Lists
-- Several international collections including the UK Trade Directories, Irish Historic Newspapers, and the Mecklenburg Census from Germany
  • The Company added a monthly mobile membership allowing customers to discover their family history on-the-go via a smart phone or iPad.
  • The continued rollout of AncestryDNA aimed at enhancing the family history experience by revealing genetic ethnicities, genetic cousins, and recent common ancestors.
Conference Call & Webcast
Ancestry.com has canceled the third quarter 2012 earnings conference call and webcast with analysts and investors that had been scheduled for October 24, 2012.
Use of Non-GAAP Measures
The Company believes that adjusted EBITDA and free cash flow are useful measures of operating performance because they exclude items that the Company does not consider indicative of its core performance. In the case of adjusted EBITDA, net income is adjusted for such expenses as interest, income taxes, stock-based compensation and certain non-cash and non-recurring items. Free cash flow subtracts from adjusted EBITDA the capitalization of content databases, purchases of property and equipment and cash paid for income taxes and interest. However, these non-GAAP measures should be considered in addition to, not as a substitute for or superior to, net income and net cash provided by operating activities, or other financial measures prepared in accordance with GAAP. A reconciliation to the GAAP equivalents of these non-GAAP measures is contained in tabular form on the attached unaudited summary financial statements.
The Company uses adjusted EBITDA and free cash flow as measures of operating performance; for planning purposes, including the preparation of the annual operating budget; to allocate resources to enhance the financial performance of its business; to evaluate the effectiveness of its business strategies; to provide consistency and comparability with past financial performance; to facilitate a comparison of its results with those of other companies; and in communications with its board of directors concerning its financial performance. The Company also uses adjusted EBITDA and has used free cash flow as factors when determining the incentive compensation pool.
About Ancestry.com
Ancestry.com Inc. (Nasdaq:ACOM) is the world's largest online family history resource, with more than 2 million paying subscribers. More than 11 billion records have been added to the site in the past 15 years. Ancestry users have created more than 40 million family trees containing approximately 4 billion profiles. In addition to its flagship site, Ancestry.com offers several localized Web sites designed to empower people to discover, preserve and share their family history.
The Ancestry.com, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=13617
Forward-looking Statements
This press release contains forward-looking statements. These statements relate to future events or to future financial performance and involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results, levels of activity, performance, or achievements to be materially different from those anticipated in these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "appears," "may," "designed," "expect," "intend," "focus," "seek," "anticipate," "believe," "estimate," "predict," "potential," "should," "continue" or "work" or the negative of these terms or other comparable terminology. These statements include statements describing the Company's subscriber base, its reach, its activities to enhance subscribers' experience and deliver product innovations and enhancements, improved features and tools, its activities to develop and promote its products (including DNA services), its business outlook, its leadership position and its opportunities and prospects for growth, including growth in revenues, adjusted EBITDA and number of subscribers. These forward-looking statements are based on information available to the Company as of the date of this press release. Forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those anticipated by these forward-looking statements. Such risks and uncertainties include a variety of factors, some of which are beyond the Company's control. In particular, such risks and uncertainties include the Company's continued ability to attract and retain subscribers; its continued ability to acquire content and make it available online; its ability to add tools and features and provide value to satisfy customer demand; difficulties encountered in consummating the recently announced acquisition of the Company and integrating acquired businesses and retaining customers; the timing and amount of investments in the Company's DNA service; market conditions; the Company's common stock price; the availability of cash and credit; the adverse impact of competitive product announcements; NBC's failure to renew Who Do You Think You Are?; failure to achieve anticipated revenues and operating performance; changes in overall economic conditions; the loss of key employees; competitors' actions; pricing and gross margin pressures; inability to control costs and expenses; and significant litigation.
Information concerning additional factors that could cause results to differ materially from those projected in the forward-looking statements is contained under the caption "Risk Factors" in the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2012, and in discussions in other of the Company's SEC filings.
These forward-looking statements should not be relied upon as representing our views as of any subsequent date and the Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, whether as a result of new information, future events, or otherwise.
1Monthly churn is a measure representing the number of subscribers to the Ancestry.com Web sites that cancel in the quarter divided by the sum of beginning subscribers and gross subscriber additions during the quarter. To arrive at monthly churn, the results are divided by three.
2 Subscriber acquisition cost is external marketing and advertising expense associated with the Ancestry.com Web sites for the quarter, divided by gross subscriber additions to the Ancestry.com Web sites in the quarter.
3 Average monthly revenue per subscriber is total subscription revenues earned in the quarter from subscriptions to the Ancestry.com Web sites divided by the average number of subscribers in the quarter, divided by three. The average number of subscribers for the quarter is calculated by taking the average of the beginning and ending number of subscribers for the quarter.
4 Adjusted EBITDA is defined as net income plus other expense, net; income tax expense; non-cash charges including depreciation, amortization, impairment of intangible assets and stock-based compensation expense; and certain non-recurring (income) expenses. 
5 Free cash flow subtracts from adjusted EBITDA capitalization of content databases, purchases of property and equipment and cash paid for income taxes and interest.
Ancestry.com Inc.
Consolidated Balance Sheets
(in thousands)
 September 30, December 31,
 2012 2011
 Current assets:   
 Cash and cash equivalents $ 64,625  $ 48,998
 Restricted cash 16,157  1,702
 Accounts receivable, net 9,854  7,599
 Income tax receivable 4,784  1,763
 Deferred income taxes 4,911  4,823
 Prepaid expenses and other current assets 7,692  7,945
 Total current assets108,023 72,830
 Property and equipment, net 28,272  21,701
 Content databases, net 95,787  76,646
 Intangible assets, net 52,731  17,594
 Goodwill 372,901  302,422
 Other assets 12,367  2,656
 Total assets $ 670,081  $ 493,849
Liabilities and stockholders' equity   
 Current liabilities:   
 Accounts payable $ 13,363  $ 9,817
 Accrued expenses 37,904  33,428
 Escrow liability 15,957  1,297
 Deferred revenues 143,418  108,654
 Debt 55,000  10,000
 Total current liabilities265,642 163,196
 Deferred income taxes 15,527  14,925
 Other long-term liabilities 14,199  5,219
 Total liabilities295,368 183,340
Commitments and contingencies   
 Stockholders' equity:   
 Common stock 49  48
 Additional paid-in capital 393,250  374,948
 Treasury stock (175,000)  (162,168)
 Accumulated other comprehensive income 873  564
 Retained earnings 155,541  97,117
 Total stockholders' equity374,713 310,509
 Total liabilities and stockholders' equity $ 670,081  $ 493,849
Ancestry.com Inc.
Consolidated Statements of Income
(in thousands, except per share data)
 Three Months EndedNine Months Ended
 September 30, 2012September 30, 2011September 30, 2012September 30, 2011
 Subscription revenues $ 118,932 $ 98,093 $ 334,565 $ 279,983
 Product and other revenues 9,423 5,008 21,404 15,454
 Total revenues 128,355 103,101 355,969 295,437
Costs of revenues:    
 Cost of subscription revenues 16,776 15,292 49,473 43,290
 Cost of product and other revenues 6,319 1,558 12,688 5,227
 Total cost of revenues 23,095 16,850 62,161 48,517
Gross profit 105,260 86,251 293,808 246,920
Operating expenses:    
 Technology and development 19,887 14,773 55,292 42,683
 Marketing and advertising 30,810 30,266 105,303 94,324
 General and administrative 14,108 9,753 37,483 29,221
 Amortization of acquired intangible assets 4,577 4,304 10,362 12,871
 Total operating expenses 69,382 59,096 208,440 179,099
Income from operations 35,878 27,155 85,368 67,821
Other income (expense), net 102 (393) 87 (929)
Income before income taxes 35,980 26,762 85,455 66,892
 Income tax expense (11,080) (7,711) (27,031) (22,313)
Net income $ 24,900 $ 19,051 $ 58,424 $ 44,579
Net income per common share    
Basic $ 0.58 $ 0.43 $ 1.36 $ 0.99
Diluted $ 0.54 $ 0.40 $ 1.28 $ 0.90
Weighted average common shares outstanding    
Basic 43,094 44,670 42,877 45,209
Diluted 45,974 48,173 45,750 49,436
Reconciliation of adjusted EBITDA and free cash flow to net income:   
Net income $ 24,900 $ 19,051 $ 58,424 $ 44,579
Other income (expense), net (102) 393 (87) 929
Income tax expense 11,080 7,711 27,031 22,313
Depreciation 3,754 3,341 10,907 9,793
Amortization 7,554 6,681 18,476 19,663
Stock-based compensation expense 4,083 2,942 11,086 6,868
Adjusted EBITDA $ 51,269 $ 40,119 $ 125,837 $ 104,145
Capitalization of content databases (6,288) (4,673) (18,966) (14,624)
Purchases of property and equipment (7,326) (4,573) (17,443) (8,991)
Cash paid for interest (337) (107) (537) (333)
Cash paid for income taxes (6,537) (126) (27,061) (3,683)
Free cash flow $ 30,781 $ 30,640 $ 61,830 $ 76,514
Ancestry.com Inc.
Other Data
 Three Months Ended
 September 30, 
June 30, 
March 31, 
December 31, 
September 30, 
June 30, 
March 31, 
Total subscribers 2,020,043 2,005,409 1,869,571 1,702,563 1,701,322 1,672,319 1,615,169
Gross subscriber additions 285,683 360,685 389,928 219,886 273,979 321,687 424,531
Monthly churn3.9%3.4%3.6%3.8%4.2%4.6%3.7%
Subscriber acquisition cost$84.14$81.49$88.11$107.88$93.64$81.23$69.56
Average monthly revenue per subscriber$18.68$18.84$18.49$18.38$18.68$18.88$18.05