Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income

v3.3.1.900
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues:      
Products $ 318,141 $ 172,986 $ 157,332
Services 215,841 251,085 314,306
Total revenues 533,982 424,071 471,638
Contract costs:      
Products 271,901 142,997 129,027
Services 208,254 240,004 295,223
Total contract costs 480,155 383,001 424,250
Selling, general and administrative expenses 3,288 4,140 3,285
Operating income 50,539 36,930 44,103
Interest expense, net 9,544 3,983 5,789
Income from continuing operations before income taxes 40,995 32,947 38,314
Provision for income taxes 16,077 12,458 14,324
Income from continuing operations 24,918 20,489 23,990
Loss from discontinued operations, net of tax 0 (1,124) (1,138)
Net income $ 24,918 $ 19,365 $ 22,852
Basic earnings per share:      
Income from continuing operations (in dollars per share) $ 4.64 $ 3.83 $ 4.50
Loss from discontinued operations (in dollars per share) 0 (0.21) (0.21)
Net income (in dollars per share) $ 4.64 $ 3.62 $ 4.29
Basic weighted average shares outstanding (in shares) 5,373,613 5,353,912 5,329,208
Diluted earnings per share:      
Income from continuing operations (in dollars per share) $ 4.62 $ 3.82 $ 4.49
Loss from discontinued operations (in dollars per share) 0 (0.21) (0.21)
Net income (in dollars per share) $ 4.62 $ 3.61 $ 4.28
Diluted weighted average shares outstanding (in shares) 5,393,635 5,371,200 5,343,267