Quarterly report pursuant to Section 13 or 15(d)

Unaudited Consolidated Statements of Income

v2.4.1.9
Unaudited Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenues:    
Services $ 51,070us-gaap_SalesRevenueServicesNet $ 78,764us-gaap_SalesRevenueServicesNet
Products 69,721us-gaap_SalesRevenueGoodsNet 40,645us-gaap_SalesRevenueGoodsNet
Total revenues 120,791us-gaap_SalesRevenueNet 119,409us-gaap_SalesRevenueNet
Contract costs:    
Services 49,610us-gaap_CostOfServices 74,897us-gaap_CostOfServices
Products 59,338us-gaap_CostOfGoodsSold 32,714us-gaap_CostOfGoodsSold
Total contract costs 108,948us-gaap_ContractRevenueCost 107,611us-gaap_ContractRevenueCost
Selling, general and administrative expenses 1,159us-gaap_SellingGeneralAndAdministrativeExpense 441us-gaap_SellingGeneralAndAdministrativeExpense
Operating income 10,684us-gaap_OperatingIncomeLoss 11,357us-gaap_OperatingIncomeLoss
Interest expense, net 2,143us-gaap_InterestIncomeExpenseNet 1,197us-gaap_InterestIncomeExpenseNet
Income from continuing operations before income taxes 8,541us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 10,160us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Provision for income taxes 3,321us-gaap_IncomeTaxExpenseBenefit 3,891us-gaap_IncomeTaxExpenseBenefit
Income from continuing operations 5,220us-gaap_IncomeLossFromContinuingOperations 6,269us-gaap_IncomeLossFromContinuingOperations
Loss from discontinued operations, net of tax 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity (615)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Net income $ 5,220us-gaap_NetIncomeLoss $ 5,654us-gaap_NetIncomeLoss
Basic earnings per share:    
Income from continuing operations (in dollars per share) $ 0.97us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 1.17us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Loss from discontinued operations (in dollars per share) $ 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ (0.12)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Net income (in dollars per share) $ 0.97us-gaap_EarningsPerShareBasic $ 1.05us-gaap_EarningsPerShareBasic
Basic weighted average shares outstanding (in shares) 5,369,695us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 5,347,435us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted earnings per share:    
Income from continuing operations (in dollars per share) $ 0.97us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 1.17us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Loss from discontinued operations (in dollars per share) $ 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ (0.12)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Net income (in dollars per share) $ 0.97us-gaap_EarningsPerShareDiluted $ 1.05us-gaap_EarningsPerShareDiluted
Diluted weighted average shares outstanding (in shares) 5,380,217us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 5,364,426us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Dividends declared per share (in dollars per share) $ 0.10us-gaap_CommonStockDividendsPerShareDeclared $ 0.09us-gaap_CommonStockDividendsPerShareDeclared