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 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues:        
Services $ 72,707 $ 99,649 $ 234,553 $ 300,448
Products 38,362 34,588 114,735 109,447
Total revenues 111,069 134,237 349,288 409,895
Contract costs:        
Services 70,241 89,052 221,313 276,538
Products 30,785 28,746 94,051 89,947
Total contract costs 101,026 117,798 315,364 366,485
Selling, general and administrative expenses 583 1,147 1,821 3,073
Impairment of intangible assets 0 1,025 0 1,025
Operating income 9,460 14,267 32,103 39,312
Interest expense, net 1,395 2,033 4,453 5,380
Income from continuing operations before income taxes 8,065 12,234 27,650 33,932
Provision for income taxes 2,738 4,748 10,089 13,046
Income from continuing operations 5,327 7,486 17,561 20,886
Loss from discontinued operations, net of tax (1) (1,522) (115) (1,959)
Net income $ 5,326 $ 5,964 $ 17,446 $ 18,927
Basic earnings per share:        
Income from continuing operations (in dollars per share) $ 1.00 $ 1.42 $ 3.30 $ 3.95
Loss from discontinued operations (in dollars per share) $ 0 $ (0.29) $ (0.02) $ (0.37)
Net income (in dollars per share) $ 1.00 $ 1.13 $ 3.28 $ 3.58
Basic weighted average shares outstanding (in shares) 5,333,077 5,286,706 5,327,904 5,280,194
Diluted earnings per share:        
Income from continuing operations (in dollars per share) $ 1.00 $ 1.41 $ 3.29 $ 3.94
Loss from discontinued operations (in dollars per share) $ 0 $ (0.29) $ (0.02) $ (0.37)
Net income (in dollars per share) $ 1.00 $ 1.12 $ 3.27 $ 3.57
Diluted weighted average shares outstanding (in shares) 5,338,790 5,311,229 5,336,142 5,305,401
Dividends declared per share (in dollars per share) $ 0.00 $ 0.08 $ 0.17 $ 0.23