Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Income

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Unaudited Condensed Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Revenues:    
Services $ 81,216 $ 101,624
Products 37,941 38,363
Total revenues 119,157 139,987
Contract costs:    
Services 77,218 95,804
Products 31,565 31,142
Total contract costs 108,783 126,946
Selling, general and administrative expenses 432 548
Operating income 9,942 12,493
Interest expense, net 1,577 1,518
Income from continuing operations before income taxes 8,365 10,975
Provision for income taxes 3,094 4,206
Income from continuing operations 5,271 6,769
Loss from discontinued operations, net of tax (13) (101)
Net income $ 5,258 $ 6,668
Basic earnings per share:    
Income from continuing operations (in dollars per share) $ 0.99 $ 1.29
Loss income from discontinued operations $ 0 $ (0.02)
Net income (in dollars per share) $ 0.99 $ 1.27
Basic weighted average shares outstanding (in shares) 5,317,387 5,267,098
Diluted earnings per share:    
Income from continuing operations (in dollars per share) $ 0.99 $ 1.28
Loss from discontinued operations $ 0 $ (0.02)
Net income (in dollars per share) $ 0.99 $ 1.26
Diluted weighted average shares outstanding (in shares) 5,329,475 5,292,532
Dividends declared per share (in dollars per share) $ 0.08 $ 0.07