XML 27 R24.htm IDEA: XBRL DOCUMENT

Note 17 - Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2011

Quarterly Financial Information [Text Block]

NOTE 17 - QUARTERLY FINANCIAL DATA (UNAUDITED)

Summarized quarterly financial data (in thousands, except per share data) for the fiscal years ended December 31, 2011, and 2010, are set forth below. The Company’s operations are subject to seasonal fluctuations. The amounts reported below have been adjusted to reflect reclassification of the discontinued operations.


		Quarter Ended
		March 31		June 30		September 30		December 31
2011
Total revenue		$	120,838	$	120,581	$	133,349	$	146,534
Cost of revenue			50,545		51,647		57,319		67,041
Net revenue			70,293		68,934		76,030		79,493
Total expenses and other income			45,824		45,544		47,896		47,283
Income from continuing operations, net of tax			15,905		15,204		18,284		21,472
Income (loss) from discontinued operations, net of tax			6,651		134		149		(17)
Net income			22,556		15,338		18,433		21,455
Diluted income per share:
	Income from continuing operations, net of tax		0.50		0.48		0.59		0.70
	Income (loss) from discontinued operations, net of tax		0.20		-		-		-
	Net income		0.70		0.48		0.59		0.70
Diluted weighted average shares			32,075		31,869		31,195		30,854

2010
Total revenue		$	94,660	$	95,013	$	106,083	$	127,506
Cost of revenue			39,373		39,405		43,416		53,765
Net revenue			55,287		55,608		62,667		73,741
Total expenses and other income			39,239		39,533		42,228		46,261
Income from continuing operations, net of tax			10,112		10,280		13,230		17,752
Income from discontinued operations, net of tax			1,970		1,503		1,007		1,804
Net income			12,082		11,783		14,237		19,556
Diluted income per share:
	Income from continuing operations, net of tax		0.33		0.33		0.43		0.56
	Income from discontinued operations, net of tax		0.06		0.05		0.03		0.06
	Net income		0.39		0.38		0.46		0.62
Diluted weighted average shares			30,734		30,791		31,041		31,666

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References+ Details