Quarterly report pursuant to Section 13 or 15(d)

Unaudited Consolidated Statements of Income

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Unaudited Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues:    
Services $ 78,764 $ 81,216
Products 40,645 37,941
Total revenues 119,409 119,157
Contract costs:    
Services 74,897 77,218
Products 32,714 31,565
Total contract costs 107,611 108,783
Selling, general and administrative expenses 441 432
Operating income 11,357 9,942
Interest expense, net 1,197 1,577
Income from continuing operations before income taxes 10,160 8,365
Provision for income taxes 3,891 3,094
Income from continuing operations 6,269 5,271
Loss from discontinued operations, net of tax (615) (13)
Net income $ 5,654 $ 5,258
Basic earnings per share:    
Income from continuing operations (in dollars per share) $ 1.17 $ 0.99
Loss from discontinued operations (in dollars per share) $ (0.12) $ 0
Net income (in dollars per share) $ 1.05 $ 0.99
Basic weighted average shares outstanding (in shares) 5,347,435 5,317,387
Diluted earnings per share:    
Income from continuing operations (in dollars per share) $ 1.17 $ 0.99
Loss from discontinued operations (in dollars per share) $ (0.12) $ 0
Net income (in dollars per share) $ 1.05 $ 0.99
Diluted weighted average shares outstanding (in shares) 5,364,426 5,329,475
Dividends declared per share (in dollars per share) $ 0.09 $ 0.08