|
15. Quarterly Financial Data (Unaudited)
We revised previously issued financial statements to correct errors identified principally related to accounting for income taxes. None of the revisions were considered material to the periods impacted, as disclosed in Note 1 of the consolidated financial statements included in this annual report on Form 10-K. The net income and basic and diluted earnings per share amounts indicated below have been revised as indicated in Note 1.
Revised quarterly financial data amounts
(except for the three months ended September 30, 2011 and December 31, 2011 which did not require revision)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended
March 31, 2011 |
|
For the Three Months Ended
June 30, 2011 |
|
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
As Previously
Reported |
|
Adjustment |
|
As Revised |
|
As Previously
Reported |
|
Adjustment |
|
As Revised |
|
|
Revenue |
|
$ |
21,028 |
|
$ |
— |
|
$ |
21,028 |
|
$ |
22,943 |
|
$ |
— |
|
$ |
22,943 |
|
|
Income from operations |
|
$ |
1,729 |
|
$ |
— |
|
$ |
1,729 |
|
$ |
2,427 |
|
$ |
— |
|
$ |
2,427 |
|
|
Net income (loss) attributable to common stockholders |
|
$ |
(329 |
) |
$ |
181 |
|
$ |
(148 |
) |
$ |
1,392 |
|
$ |
(99 |
) |
$ |
1,293 |
|
|
Basic earnings per share |
|
$ |
(0.06 |
) |
$ |
0.03 |
|
$ |
(0.03 |
) |
$ |
0.06 |
|
$ |
— |
|
$ |
0.06 |
|
|
Diluted earnings per share |
|
$ |
(0.06 |
) |
$ |
0.03 |
|
$ |
(0.03 |
) |
$ |
0.05 |
|
$ |
— |
|
$ |
0.05 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended
September 30, 2011 |
|
For the Three Months Ended
December 31, 2011 |
|
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
Revenue |
|
|
|
|
$ |
24,688 |
|
|
|
|
|
|
|
$ |
25,899 |
|
|
|
|
|
Income from operations |
|
|
|
|
$ |
2,981 |
|
|
|
|
|
|
|
$ |
4,040 |
|
|
|
|
|
Net income attributable to common stockholders |
|
|
|
|
$ |
1,662 |
|
|
|
|
|
|
|
$ |
1,855 |
|
|
|
|
|
Basic earnings per share |
|
|
|
|
$ |
0.05 |
|
|
|
|
|
|
|
$ |
0.06 |
|
|
|
|
|
Diluted earnings per share |
|
|
|
|
$ |
0.05 |
|
|
|
|
|
|
|
$ |
0.05 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended
March 31, 2010 |
|
For the Three Months Ended
June 30, 2010 |
|
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
As Previously
Reported |
|
Adjustment |
|
As Revised |
|
As Previously
Reported |
|
Adjustment |
|
As Revised |
|
|
Revenue |
|
$ |
18,499 |
|
$ |
— |
|
$ |
18,499 |
|
$ |
20,298 |
|
$ |
— |
|
$ |
20,298 |
|
|
Income from operations |
|
$ |
1,456 |
|
$ |
— |
|
$ |
1,456 |
|
$ |
2,389 |
|
$ |
— |
|
$ |
2,389 |
|
|
Net income (loss) attributable to common stockholders |
|
$ |
(127 |
) |
$ |
(70 |
) |
$ |
(197 |
) |
$ |
715 |
|
$ |
(119 |
) |
$ |
596 |
|
|
Basic earnings per share |
|
$ |
(0.02 |
) |
$ |
(0.01 |
) |
$ |
(0.03 |
) |
$ |
0.12 |
|
$ |
(0.02 |
) |
$ |
0.10 |
|
|
Diluted earnings per share |
|
$ |
(0.02 |
) |
$ |
(0.01 |
) |
$ |
(0.03 |
) |
$ |
0.07 |
|
$ |
(0.01 |
) |
$ |
0.06 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended
September 30, 2010 |
|
For the Three Months Ended
December 31, 2010 |
|
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
As Previously
Reported |
|
Adjustment |
|
As Revised |
|
As Previously
Reported |
|
Adjustment |
|
As Revised |
|
|
Revenue |
|
$ |
20,214 |
|
$ |
— |
|
$ |
20,214 |
|
$ |
21,409 |
|
$ |
— |
|
$ |
21,409 |
|
|
Income from operations |
|
$ |
2,622 |
|
$ |
— |
|
$ |
2,622 |
|
$ |
888 |
|
$ |
— |
|
$ |
888 |
|
|
Net income attributable to common stockholders |
|
$ |
916 |
|
$ |
(123 |
) |
$ |
793 |
|
$ |
9,210 |
|
$ |
152 |
|
$ |
9,362 |
|
|
Basic earnings per share |
|
$ |
0.16 |
|
$ |
(0.02 |
) |
$ |
0.14 |
|
$ |
1.58 |
|
$ |
0.02 |
|
$ |
1.60 |
|
|
Diluted earnings per share |
|
$ |
0.07 |
|
$ |
(0.01 |
) |
$ |
0.06 |
|
$ |
0.32 |
|
$ |
— |
|
$ |
0.32 |
|
Earnings per share are computed separately for each quarter and the full year using the respective weighted average shares. Therefore, the sum of the quarterly earnings per share amounts do not equal the annual amounts reported. |