Selected Quarterly Financial Data (Unaudited)

6 Months Ended

Dec. 31, 2011

Selected Quarterly Financial Data (Unaudited) [Abstract]

Selected Quarterly Financial Data (unaudited)

19. Selected Quarterly Financial Data (unaudited)

Interim results are not necessarily indicative of fiscal year performance because of the impact of seasonal and short-term variations. Selected quarterly financial data for the six months ended December 31, 2011 and the years ended June 30, 2011 and 2010 is summarized as follows (in thousands, except per share data).

	Quarters Ended
	September 30,			December 31,			March 31,			June 30,
Six Months Ended December 31, 2011:
Total revenues	$	49,969		$	49,135
Loss before income taxes	$	(3,573	)	$	(25,716	)
Net loss	$	(3,688	)	$	(25,749	)
Basic and diluted net loss per share	$	(0.08	)	$	(0.55	)
Year Ended June 30, 2011:
Total revenues	$	53,123		$	51,677		$	52,800		$	53,134
Income (loss) before income taxes	$	512		$	(1,969	)	$	(1,910	)	$	(53,215	)
Net income (loss)	$	392		$	(2,090	)	$	(1,608	)	$	(53,474	)
Basic and diluted net income (loss) per share	$	0.01		$	(0.04	)	$	(0.03	)	$	(1.11	)
Year Ended June 30, 2010:
Total revenues	$	57,312		$	53,775		$	56,116		$	55,970
Income before income taxes	$	2,861		$	1,577		$	2,193		$	850
Net income	$	2,760		$	1,475		$	2,069		$	736
Basic and diluted net income per share	$	0.06		$	0.03		$	0.04		$	0.02

Loss before income taxes for the quarter ended December 31, 2011 of $25.7 million included a goodwill impairment charge of $21.1 million (see Note 1) and $5.6 million of unfavorable development in the Company’s estimate of unpaid loss and loss adjustment expenses. Loss before income taxes for the quarter ended June 30, 2011 of $53.2 million included a goodwill and intangible assets impairment charge of $52.4 million (see Note 1) and $2.1 million of favorable development in the Company’s estimate of unpaid loss and loss adjustment expenses. Income before income taxes for the quarter ended June 30, 2010 of $0.9 million included $1.0 million of favorable development in the Company’s estimate of unpaid loss and loss adjustment expenses.