Quarterly Financial Data

12 Months Ended

Dec. 31, 2014

QUARTERLY FINANCIAL DATA (UNAUDITED)

Summarized quarterly financial data (in thousands, except per share data) for the fiscal years ended December 31, 2014 and 2013, 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
2014
Total revenue	$	169,777		$	165,326	$	175,000	$	202,774
Cost of revenue	73,321			71,405		76,137		91,141
Net revenue	96,456			93,921		98,863		111,633
Total expenses and other income	67,448			70,522		70,983		74,940
Income from continuing operations	22,954			16,015		19,528		26,941
Loss from discontinued operations, net of tax	(272		)	—		—		—
Net income	22,682			16,015		19,528		26,941
Diluted income per share:
Income from continuing operations, net of tax	0.78			0.55		0.68		0.94
Loss from discontinued operations, net of tax	(0.01		)	—		—		—
Net income	0.77			0.55		0.68		0.94
Diluted weighted average shares	29,342			29,341		28,805		28,804

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

- 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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