| Selected Quarterly Data |
The following table shows selected quarterly data for 2013 and 2012, in thousands, except earnings per share. The 2012 quarter data for revenues, contract costs, operating income, and income (loss) from continuing and discontinued operations varies from the amounts previously reported on our 2012 quarterly reports on Form 10-Qs as a result of ICRC being classified as discontinued operations in the fourth quarter of 2012.
|
|
2013 Quarters |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1st |
|
|
2nd |
|
|
3rd |
|
|
4th |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues |
|
$ |
119,157 |
|
|
$ |
119,062 |
|
|
$ |
111,069 |
|
|
$ |
122,350 |
|
Contract costs |
|
$ |
108,783 |
|
|
$ |
105,555 |
|
|
$ |
101,026 |
|
|
$ |
108,886 |
|
Operating income |
|
$ |
9,942 |
|
|
$ |
12,701 |
|
|
$ |
9,460 |
|
|
$ |
12,000 |
|
Income from continuing operations |
|
$ |
5,271 |
|
|
$ |
6,963 |
|
|
$ |
5,327 |
|
|
$ |
6,429 |
|
Loss from discontinued operations |
|
$ |
(13 |
) |
|
$ |
(101 |
) |
|
$ |
(1 |
) |
|
$ |
(1,023 |
) |
Net income |
|
$ |
5,258 |
|
|
$ |
6,862 |
|
|
$ |
5,326 |
|
|
$ |
5,406 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic earnings per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
|
$ |
0.99 |
|
|
$ |
1.31 |
|
|
$ |
1.00 |
|
|
$ |
1.20 |
|
Loss from discontinued operations |
|
$ |
0.00 |
|
|
$ |
(0.02 |
) |
|
$ |
0.00 |
|
|
$ |
(0.19 |
) |
Net income |
|
$ |
0.99 |
|
|
$ |
1.29 |
|
|
$ |
1.00 |
|
|
$ |
1.01 |
|
Basic weighted average shares outstanding |
|
|
5,317 |
|
|
|
5,333 |
|
|
|
5,333 |
|
|
|
5,333 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
|
$ |
0.99 |
|
|
$ |
1.30 |
|
|
$ |
1.00 |
|
|
$ |
1.20 |
|
Loss from discontinued operations |
|
$ |
0.00 |
|
|
$ |
(0.02 |
) |
|
$ |
0.00 |
|
|
$ |
(0.19 |
) |
Net income |
|
$ |
0.99 |
|
|
$ |
1.28 |
|
|
$ |
1.00 |
|
|
$ |
1.01 |
|
Diluted weighted average shares outstanding |
|
|
5,329 |
|
|
|
5,340 |
|
|
|
5,339 |
|
|
|
5,364 |
|
|
|
2012 Quarters |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1st |
|
|
2nd |
|
|
3rd |
|
|
4th |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues |
|
$ |
139,987 |
|
|
$ |
135,671 |
|
|
$ |
134,237 |
|
|
$ |
136,860 |
|
Contract costs |
|
$ |
126,946 |
|
|
$ |
121,741 |
|
|
$ |
117,798 |
|
|
$ |
124,201 |
|
Operating income |
|
$ |
12,493 |
|
|
$ |
12,552 |
|
|
$ |
14,267 |
|
|
$ |
11,764 |
|
Income from continuing operations |
|
$ |
6,769 |
|
|
$ |
6,631 |
|
|
$ |
7,486 |
|
|
$ |
6,478 |
|
Loss income from discontinued operations |
|
$ |
(101 |
) |
|
$ |
(336 |
) |
|
$ |
(1,522 |
) |
|
$ |
(4,111 |
) |
Net income |
|
$ |
6,668 |
|
|
$ |
6,295 |
|
|
$ |
5,964 |
|
|
$ |
2,367 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic earnings per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
|
$ |
1.29 |
|
|
$ |
1.25 |
|
|
$ |
1.42 |
|
|
$ |
1.23 |
|
Loss from discontinued operations |
|
$ |
(0.02 |
) |
|
$ |
(0.06 |
) |
|
$ |
(0.29 |
) |
|
$ |
(0.78 |
) |
Net income |
|
$ |
1.27 |
|
|
$ |
1.19 |
|
|
$ |
1.13 |
|
|
$ |
0.45 |
|
Basic weighted average shares outstanding |
|
|
5,267 |
|
|
|
5,287 |
|
|
|
5,287 |
|
|
|
5,238 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
|
$ |
1.28 |
|
|
$ |
1.24 |
|
|
$ |
1.41 |
|
|
$ |
1.22 |
|
Loss from discontinued operations |
|
$ |
(0.02 |
) |
|
$ |
(0.06 |
) |
|
$ |
(0.29 |
) |
|
$ |
(0.77 |
) |
Net income |
|
$ |
1.26 |
|
|
$ |
1.18 |
|
|
$ |
1.12 |
|
|
$ |
0.45 |
|
Diluted weighted average shares outstanding |
|
|
5,293 |
|
|
|
5,312 |
|
|
|
5,311 |
|
|
|
5,323 |
|
|