Quarterly Financial Data

12 Months Ended

Dec. 31, 2012

QUARTERLY FINANCIAL DATA (UNAUDITED)

Summarized quarterly financial data (in thousands, except per share data) for the fiscal years ended December 31, 2012, and 2011, 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
2012
Total revenue	$	134,626	$	132,385	$	149,695		$	179,240
Cost of revenue	56,565		57,557		63,757			79,405
Net revenue	78,061		74,828		85,938			99,835
Total expenses and other income	51,417		49,890		55,961			58,783
Income from continuing operations	17,452		16,333		19,636			27,684
Income (loss) from discontinued operations, net of tax	60		16		(747		)	(75		)
Net income	17,512		16,349		18,889			27,609
Diluted income per share:
Income from continuing operations, net of tax	0.57		0.56		0.67			0.93
Income (loss) from discontinued operations, net of tax	0.01		—		(0.03		)	—
Net income	0.58		0.56		0.64			0.93
Diluted weighted average shares	30,353		29,404		29,430			29,666

2011
Total revenue	$	120,373	$	120,138	$	132,852		$	144,981
Cost of revenue	50,385		51,501		57,126			66,573
Net revenue	69,988		68,637		75,726			78,408
Total expenses and other income	45,563		45,285		47,642			46,588
Income from continuing operations	15,876		15,179		18,252			21,216
Income from discontinued operations, net of tax	6,680		159		181			239
Net income	22,556		15,338		18,433			21,455
Diluted income per share:
Income from continuing operations, net of tax	0.49		0.48		0.58			0.69
Income from discontinued operations, net of tax	0.21		—		0.01			0.01
Net income	0.70		0.48		0.59			0.70
Diluted weighted average shares	32,075		31,869		31,195			30,854

- 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.

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