Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income

v2.4.0.8
Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues:      
Services $ 314,306 $ 398,682 $ 490,078
Products 157,332 148,073 90,684
Total revenues 471,638 546,755 580,762
Contract costs:      
Services 295,223 368,540 466,481
Products 129,027 122,146 72,991
Total contract costs 424,250 490,686 539,472
Selling, general and administrative expenses 3,285 3,968 5,213
Impairment of intangible assets 0 1,025 0
Operating income 44,103 51,076 36,077
Interest expense, net 5,789 7,224 3,685
Income from continuing operations before income taxes 38,314 43,852 32,392
Provision for income taxes 14,324 16,488 12,202
Income from continuing operations 23,990 27,364 20,190
Loss from discontinued operations, net of tax (1,138) (6,070) 362
Net income $ 22,852 $ 21,294 $ 20,552
Basic earnings per share:      
Income from continuing operations (in dollars per share) $ 4.50 $ 5.18 $ 3.86
Loss from discontinued operations (in dollars per share) $ (0.21) $ (1.15) $ 0.07
Net income (in dollars per share) $ 4.29 $ 4.03 $ 3.93
Basic weighted average shares outstanding (in shares) 5,329,208 5,282,047 5,232,055
Diluted earnings per share:      
Income from continuing operations (in dollars per share) $ 4.49 $ 5.15 $ 3.83
Loss from discontinued operations (in dollars per share) $ (0.21) $ (1.14) $ 0.07
Net income (in dollars per share) $ 4.28 $ 4.01 $ 3.90
Diluted weighted average shares outstanding (in shares) 5,343,267 5,309,862 5,267,857
Dividends declared per share (in dollars per share) $ 0.35 $ 0.31 $ 0.27