Summarized Consolidated Quarterly Information

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

Summarized Consolidated Quarterly Information

12. Summarized Consolidated Quarterly Information (Unaudited)

Summarized consolidated and condensed quarterly financial information is as follows:

(amounts in thousands, except per share amounts)
	2013
	For the Three Months Ended March 31			For the Three Months Ended June 30		For the Three Months Ended September 30		For the Three Months Ended December 31
Subscription revenue	$	8,234		$	8,498	$	8,780	$	9,209
Income from continuing operations (A)	$	402		$	522	$	705	$	16,304
Net income (A)	$	250		$	484	$	649	$	16,214
Per share amounts – basic (B):
Income from continuing operations	$	0.04		$	0.05	$	0.06	$	1.49
Net income	$	0.02		$	0.04	$	0.06	$	1.49
Per share amounts – diluted (B):
Income from continuing operations	$	0.04		$	0.05	$	0.05	$	1.42
Net income	$	0.02		$	0.04	$	0.05	$	1.41
Weighted average number of common shares outstanding:
Basic		10,828			10,892		10,908		10,909
Diluted		11,348			11,398		11,445		11,464
	2012
	For the Three Months Ended March 31			For the Three Months Ended June 30		For the Three Months Ended September 30		For the Three Months Ended December 31
Subscription revenue	$	7,298		$	7,522	$	7,827	$	8,581
Income from continuing operations (A)	$	136		$	498	$	860	$	6,519
Net (loss) income (A)(C)	$	(14,209	)	$	2,193	$	666	$	7,066
Per share amounts – basic (B):
Income from continuing operations	$	0.01		$	0.05	$	0.08	$	0.61
Net (loss) income	$	(1.34	)	$	0.21	$	0.06	$	0.66
Per share amounts – diluted (B):
Income from continuing operations	$	0.01		$	0.05	$	0.08	$	0.58
Net (loss) income	$	(1.29	)	$	0.20	$	0.06	$	0.63
Weighted average number of common shares outstanding:
Basic		10,624			10,686		10,703		10,728
Diluted		11,011			10,950		11,094		11,233

(A) The fourth quarter of 2013 and 2012 amounts reflect a net tax benefit of $14,751 and $5,427, respectively. See Note 7.

(B) Aggregate quarterly per share amounts may not equal annual or period to date amounts presented elsewhere in these consolidated financial statements due to rounding differences.

(C) The 2012 net (loss) income reflects the following events, all of which were recorded in income (loss) from discontinued operations in the respective quarterly periods pertaining to the Gold Peak project (see Note 10):

- the first quarter of 2012 charge of $14,216, based upon the March 2012 verdict;

- the second quarter of 2012 reversal of $1,956 of previously recorded litigation charges, based upon the June 2012 settlement; and

- the fourth quarter of 2012 recoveries of approximately $713, which offset a portion of the previously recorded charges.