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Summary Selected Quarterly Financial Data (unaudited)
12 Months Ended
Dec. 31, 2012
Summary Selected Quarterly Financial Data (unaudited) [Abstract]  
Summary Selected Quarterly Financial Data (unaudited)

(13)    Summary Selected Quarterly Financial Data (unaudited)

The following is a summary of selected unaudited consolidated quarterly financial data for the years ended December 31, 2012 and 2011 (in thousands, except per share data):

 

                                 
    Three Months Ended  
    March 31,
2012
    June 30,
2012
    September 30,
2012
    December 31,
2012
 

Total revenues

  $ 70,260     $ 79,093     $ 68,511     $ 75,066  

Income from operations

  $ 4,628     $ 11,461     $ 7,177     $ 7,393  

Net income

  $ 3,181     $ 7,769     $ 10,373     $ 4,251  
         

Basic income per common share

  $ 0.14     $ 0.34     $ 0.46     $ 0.19  

Diluted income per common share

  $ 0.14     $ 0.34     $ 0.45     $ 0.19  

The Company recognized a $5.5 million deferred income tax benefit during the three months ended September 30, 2012 resulting from the settlement of a tax audit at the Company’s German subsidiary. During the three months ended September 30, 2012 and December 31, 2012, the Company recorded $0.6 million ($0.4 million after tax) and $0.2 million ($0.1 million after tax), respectively, of investment losses that relate to prior year periods.

 

                                 
    Three Months Ended  
    March 31,
2011
    June 30,
2011
    September 30,
2011
    December 31,
2011
 

Total revenues

  $ 65,742     $ 73,450     $ 69,774     $ 74,650  

Income from operations

  $ 4,198     $ 9,616     $ 9,749     $ 13,434  

Net income

  $ 2,911     $ 5,470     $ 5,732     $ 8,897  

Basic income per common share

  $ 0.13     $ 0.24     $ 0.25     $ 0.39  

Diluted income per common share

  $ 0.13     $ 0.24     $ 0.25     $ 0.38  

The Company recognized a credit to expense of $0.8 million and $1.1 million during the three months ended June 30, 2011 and December 31, 2011, respectively, resulting from changes in estimates for the amount of performance-based restricted stock units that would vest.