Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income

v2.4.0.6
Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues:      
Services $ 398,682 $ 490,078 $ 797,982
Products 148,073 90,684 12,973
Total revenues 546,755 580,762 810,955
Contract costs:      
Services 368,540 466,481 762,289
Products 122,146 72,991 8,739
Total contract costs 490,686 539,472 771,028
Selling, general and administrative expenses 3,968 5,213 1,987
Impairment of intangible assets 1,025 0 0
Operating income 51,076 36,077 37,940
Interest expense, net 7,224 3,685 199
Income before income taxes 43,852 32,392 37,741
Provision for income taxes 16,488 12,202 14,236
Income from continuing operations 27,364 20,190 23,505
(Loss) income from discontinued operations, net of tax (6,070) 362 182
Net income $ 21,294 $ 20,552 $ 23,687
Basic earnings per share:      
Income from continuing operations (in dollars per share) $ 5.18 $ 3.86 $ 4.53
(Loss) income from discontinued operations (in dollars per share) $ (1.15) $ 0.07 $ 0.03
Net income (in dollars per share) $ 4.03 $ 3.93 $ 4.56
Basic weighted average shares outstanding (in shares) 5,282,047 5,232,055 5,189,263
Diluted earnings per share:      
Income from continuing operations (in dollars per share) $ 5.15 $ 3.83 $ 4.50
(Loss) income from discontinued operations (in dollars per share) $ (1.14) $ 0.07 $ 0.03
Net income (in dollars per share) $ 4.01 $ 3.90 $ 4.53
Diluted weighted average shares outstanding (in shares) 5,309,862 5,267,857 5,219,234
Dividends declared per share (in dollars per share) $ 0.23 $ 0.27 $ 0.31