| Selected Quarterly Data (Unaudited) |
(16) Selected Quarterly Data (Unaudited)
The following table shows selected quarterly data for 2014 and 2013, in thousands, except earnings per share.
|
|
2014 Quarters |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1st |
|
|
2nd |
|
|
3rd |
|
|
4th |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues |
|
$ |
119,409 |
|
|
$ |
107,962 |
|
|
$ |
101,749 |
|
|
$ |
94,951 |
|
Contract costs |
|
$ |
107,611 |
|
|
$ |
96,481 |
|
|
$ |
93,388 |
|
|
$ |
85,521 |
|
Operating income |
|
$ |
11,357 |
|
|
$ |
10,703 |
|
|
$ |
7,183 |
|
|
$ |
7,687 |
|
Income from continuing operations |
|
$ |
6,269 |
|
|
$ |
5,944 |
|
|
$ |
3,887 |
|
|
$ |
4,389 |
|
Loss from discontinued operations |
|
$ |
(615 |
) |
|
$ |
(279 |
) |
|
$ |
(4 |
) |
|
$ |
(226 |
) |
Net income |
|
$ |
5,654 |
|
|
$ |
5,665 |
|
|
$ |
3,883 |
|
|
$ |
4,163 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic earnings per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
|
$ |
1.17 |
|
|
$ |
1.11 |
|
|
$ |
0.73 |
|
|
$ |
0.82 |
|
Loss from discontinued operations |
|
$ |
(0.12 |
) |
|
$ |
(0.05 |
) |
|
$ |
0.00 |
|
|
$ |
(0.04 |
) |
Net income |
|
$ |
1.05 |
|
|
$ |
1.06 |
|
|
$ |
0.73 |
|
|
$ |
0.78 |
|
Basic weighted average shares outstanding |
|
|
5,347 |
|
|
|
5,356 |
|
|
|
5,356 |
|
|
|
5,356 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
|
$ |
1.17 |
|
|
$ |
1.11 |
|
|
$ |
0.72 |
|
|
$ |
0.82 |
|
Loss from discontinued operations |
|
$ |
(0.12 |
) |
|
$ |
(0.05 |
) |
|
$ |
0.00 |
|
|
$ |
(0.04 |
) |
Net income |
|
$ |
1.05 |
|
|
$ |
1.06 |
|
|
$ |
0.72 |
|
|
$ |
0.78 |
|
Diluted weighted average shares outstanding |
|
|
5,364 |
|
|
|
5,368 |
|
|
|
5,372 |
|
|
|
5,380 |
|
|
|
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 income 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 |
|
$ |
- |
|
|
$ |
(0.02 |
) |
|
$ |
- |
|
|
$ |
(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 |
|
|