Quarterly Financial Data

12 Months Ended

Dec. 31, 2013

QUARTERLY FINANCIAL DATA (UNAUDITED)

Summarized quarterly financial data (in thousands, except per share data) for the fiscal years ended December 31, 2013, and 2012, 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
2013
Total revenue	$	159,912	$	142,354	$	173,379		$	185,203
Cost of revenue	68,652		58,207		79,404			85,011
Net revenue	91,260		84,147		93,975			100,192
Total expenses and other income	60,094		60,387		64,524			64,377
Income from continuing operations	20,180		15,654		23,127			25,518
Income (loss) from discontinued operations, net of tax	84		9		14			(740		)
Net income	20,264		15,663		23,141			24,778
Diluted income per share:
Income from continuing operations, net of tax	0.68		0.53		0.79			0.87
Income (loss) from discontinued operations, net of tax	—		—		—			(0.03		)
Net income	0.68		0.53		0.79			0.84
Diluted weighted average shares	29,955		29,603		29,353			29,393

2012
Total revenue	$	133,629	$	131,505	$	148,700		$	178,257
Cost of revenue	56,456		57,379		63,518			79,200
Net revenue	77,173		74,126		85,182			99,057
Total expenses and other income	50,648		49,243		55,294			58,116
Income from continuing operations	17,375		16,297		19,578			27,612
Income (loss) from discontinued operations, net of tax	137		52		(689		)	(3		)
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

- 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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