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Quarterly Financial Data (unaudited)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (unaudited)

19. Quarterly Financial Data (unaudited)

 

 

 

Quarter Ended

 

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

432,338

 

 

$

449,137

 

 

$

455,470

 

 

$

442,204

 

Operating expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Direct cost of revenues

 

 

279,030

 

 

 

291,469

 

 

 

301,609

 

 

 

299,336

 

Selling, general and administrative expenses

 

 

102,214

 

 

 

109,045

 

 

 

105,058

 

 

 

116,351

 

Acquisition-related contingent consideration

 

 

234

 

 

 

(1,538

)

 

 

159

 

 

 

(55

)

Amortization of other intangible assets

 

 

3,012

 

 

 

3,007

 

 

 

2,900

 

 

 

2,807

 

 

 

 

384,490

 

 

 

401,983

 

 

 

409,726

 

 

 

418,439

 

Operating income

 

 

47,848

 

 

 

47,154

 

 

 

45,744

 

 

 

23,765

 

Interest income and other

 

 

(137

)

 

 

950

 

 

 

2,027

 

 

 

392

 

Interest expense

 

 

(12,368

)

 

 

(12,473

)

 

 

(11,696

)

 

 

(6,231

)

Loss on early extinguishment of debt

 

 

 

 

 

 

 

 

(19,589

)

 

 

 

Income before income tax provision

 

 

35,343

 

 

 

35,631

 

 

 

16,486

 

 

 

17,926

 

Income tax provision

 

 

11,657

 

 

 

13,922

 

 

 

6,177

 

 

 

7,577

 

Net income

 

$

23,686

 

 

$

21,709

 

 

$

10,309

 

 

$

10,349

 

Earnings per common share — basic

 

$

0.59

 

 

$

0.53

 

 

$

0.25

 

 

$

0.25

 

Earnings per common share — diluted

 

$

0.57

 

 

$

0.52

 

 

$

0.25

 

 

$

0.25

 

Weighted average common shares outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

40,384

 

 

 

40,792

 

 

 

41,094

 

 

 

41,078

 

Diluted

 

 

41,324

 

 

 

41,696

 

 

 

41,982

 

 

 

41,879

 

 

 

 

Quarter Ended

 

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

425,552

 

 

$

454,324

 

 

$

451,178

 

 

$

425,158

 

Operating expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Direct cost of revenues

 

 

274,275

 

 

 

295,549

 

 

 

293,244

 

 

 

281,689

 

Selling, general and administrative expenses

 

 

108,387

 

 

 

107,032

 

 

 

102,461

 

 

 

115,965

 

Special charges

 

 

 

 

 

9,364

 

 

 

5,347

 

 

 

1,628

 

Acquisition-related contingent consideration

 

 

(1,843

)

 

 

(5

)

 

 

257

 

 

 

(85

)

Amortization of other intangible assets

 

 

4,616

 

 

 

3,452

 

 

 

3,398

 

 

 

4,055

 

 

 

 

385,435

 

 

 

415,392

 

 

 

404,707

 

 

 

403,252

 

Operating income

 

 

40,117

 

 

 

38,932

 

 

 

46,471

 

 

 

21,906

 

Interest income and other

 

 

1,003

 

 

 

1,448

 

 

 

1,014

 

 

 

1,205

 

Interest expense

 

 

(12,655

)

 

 

(12,908

)

 

 

(12,634

)

 

 

(12,488

)

Income before income tax provision

 

 

28,465

 

 

 

27,472

 

 

 

34,851

 

 

 

10,623

 

Income tax provision

 

 

10,348

 

 

 

10,225

 

 

 

12,329

 

 

 

9,702

 

Net income

 

$

18,117

 

 

$

17,247

 

 

$

22,522

 

 

$

921

 

Earnings per common share — basic

 

$

0.46

 

 

$

0.43

 

 

$

0.57

 

 

$

0.02

 

Earnings per common share — diluted

 

$

0.45

 

 

$

0.42

 

 

$

0.55

 

 

$

0.02

 

Weighted average common shares outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

39,438

 

 

 

39,681

 

 

 

39,789

 

 

 

39,991

 

Diluted

 

 

40,457

 

 

 

40,750

 

 

 

40,819

 

 

 

41,090

 

 

The sum of the quarterly earnings per share amounts may not equal the annual amounts due to changes in the weighted-average number of common share outstanding during each quarterly period.