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Unaudited Quarterly Financial Results
 12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Unaudited Quarterly Result
Unaudited Quarterly Results.
 
The following tables present unaudited quarterly financial information during the years ended December 31, 2013 and 2012. In the opinion of the Company’s management, the quarterly information contains all adjustments, consisting only of normal recurring accruals, necessary for a fair presentation thereof. The operating results for any quarter are not necessarily indicative of the results for any future periods. Nurse Travel and Allied Healthcare are presented as discontinued operations for all periods presented, see Note 4 for further information regarding the divestitures.

Subsequent to the issuance of the Company's annual report on Form 10-K for the year ended December 31, 2012 ("2012 Form 10-K"), and the consolidated financial statements included in Exhibit 99.1 of the Form 8-K filed on June 13, 2013 ("Form 8-K"), the Company identified an immaterial error in Note 16, "Unaudited Quarterly Results," of the 2012 Form 10-K and Note 17, "Unaudited Quarterly Results," of the Form 8-K. The error related to the retrospective quarterly presentation of income from continuing operations, net income and the respective per share amounts, upon finalization of the valuation of identifiable intangible assets and amortization methods for Apex, and the related tax impact. The Company considers this an immaterial misstatement and has retrospectively restated income from continuing operations, net income and the respective per share amounts for each of the quarters in the year ended December 31, 2012 in the table below. Income from continuing operations have been restated to reflect the resulting additional amortization expense of $1.6 million ($1.0 million, net of taxes), and $3.4 million ($1.9 million, net of taxes) for the quarters ended June 30, 2012, and September 30, 2012, respectively and a reduction of amortization expense of $5.0 million ($2.9 million, net of taxes) for the quarter ended December 31, 2012.

This error had no effect on the Company's consolidated balance sheet as of December 31, 2012, the consolidated statement of operations and comprehensive income or the consolidated statement of cash flows for the year ended December 31, 2012.

Subsequent to the issuance of the Company's quarterly report on Form 10-Q for the second quarter of 2012, the Company identified an immaterial classification error of $0.5 million related to certain vendor fees paid by Apex Systems, Inc., which we acquired in May 2012 (see Note 3 - Acquisitions). Such fees should have been recorded as revenues, rather than in costs of services. The Company considers this an immaterial reclassification and has presented the revenues and cost of services for the year ended December 31, 2012 reflecting the reclassification in the pro forma revenues in Note 3 - Acquisitions, and revenues in the table below. This reclassification has no effect on the Company's consolidated balance sheets or consolidated statement of cash flows.
 
 
2013
 
 
Dec. 31,
 
Sep. 30,
 
June 30,
 
Mar. 31,
 
 
(in thousands, except per share data)
Revenues
 
$
423,598

 
$
421,491

 
$
407,864

 
$
379,044

Gross profit
 
$
129,753

 
$
127,210

 
$
121,332

 
$
110,111

Income from continuing operations
 
$
17,425

 
$
19,471

 
$
7,243

 
$
10,216

Income from discontinued operations, net of income taxes
 
14,985

 
679

 
96

 
14,397

Net income
 
$
32,410

 
$
20,150

 
$
7,339

 
$
24,613

 
 
 
 
 
 
 
 
 
Basic earnings per common share:
 
 

 
 

 
 

 
 

Income from continuing operations
 
$
0.32

 
$
0.36

 
$
0.14

 
$
0.19

Income from discontinued operations
 
0.28

 
0.02

 
—

 
0.27

Net income
 
$
0.60

 
$
0.38

 
$
0.14

 
$
0.46

 
 
 
 
 
 
 
 
 
Diluted earnings per common share:
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
0.32

 
$
0.36

 
$
0.13

 
$
0.19

Income from discontinued operations
 
0.27

 
0.01

 
0.01

 
0.27

Net income
 
$
0.59

 
$
0.37

 
$
0.14

 
$
0.46


 
 
2012
 
 
Dec. 31,
 
Sep. 30,
 
June 30,
 
Mar. 31,
 
 
(in thousands, except per share data)
Revenues
 
$
369,441

 
$
363,882

 
$
256,386

 
$
148,277

Gross profit
 
$
112,054

 
$
112,213

 
$
81,509

 
$
50,117

Income from continuing operations
 
$
12,004

 
$
14,078

 
$
5,586

 
$
4,791

Income from discontinued operations, net of income taxes
 
2,201

 
1,425

 
1,976

 
592

Net income
 
$
14,205

 
$
15,503

 
$
7,562

 
$
5,383

 
 
 

 
 

 
 

 
 

Basic earnings per common share:
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
0.23

 
$
0.27

 
$
0.12

 
$
0.13

Income from discontinued operations
 
0.04

 
0.03

 
0.05

 
0.01

Net income
 
$
0.27

 
$
0.30

 
$
0.17

 
$
0.14

 
 
 
 
 
 
 
 
 
Diluted earnings per common share:
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
0.22

 
$
0.26

 
$
0.12

 
$
0.13

Income from discontinued operations
 
0.04

 
0.03

 
0.04

 
0.01

Net income
 
$
0.26

 
$
0.29

 
$
0.16

 
$
0.14