
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Full Year
	(In thousands, except per share data)
2011
Net revenues	$	145,372	$	156,985	$	167,627	$	172,420	$	642,404
Cost of revenues		94,560		100,200		100,893		99,802		395,455

Gross profit		50,812		56,785		66,734		72,618		246,949
Selling, general and administrative expenses		24,623		27,781		36,679		19,638		108,721

Income from operations		26,189		29,004		30,055		52,980		138,228
Other income net		6,119		5,923		1,632		2,534		16,208

Income before income taxes		32,308		34,927		31,687		55,514		154,436
Income tax expense (1)		7,259		7,287		5,480		11,554		31,580

Net income		25,049		27,640		26,207		43,960		122,856

Earnings per share, diluted (a)	$	0.60		0.66		0.63		1.05		2.94

Weighted average shares outstanding, diluted		41,711		41,696		41,724		41,736		41,717


2010
Net revenues	$	116,039	$	130,649	$	140,545	$	144,900	$	532,133
Cost of revenues		66,800		79,083		84,881		89,278		320,042

Gross profit		49,239		51,566		55,664		55,622		212,091
Selling, general and administrative expenses		22,248		19,114		24,924		25,270		91,556

Income from operations		26,991		32,452		30,740		30,352		120,535
Other income, net		2,283		1,959		4,876		4,008		13,126

Income before income taxes		29,274		34,411		35,616		34,360		133,661
Income tax expense (2)		4,143		6,151		5,177		4,597		20,068

Net income	$	25,131	$	28,260	$	30,439	$	29,763	$	113,593

Earnings per share, diluted (a)	$	0.60	$	0.68	$	0.73	$	0.71	$	2.73

Weighted average shares outstanding, diluted		41,566		41,580		41,618		41,679		41,611

(1)

The tax rate for the year ended December 31, 2011 was impacted by a favorable adjustment of $3.5 million as a result of the Company's review of its global uncertain tax liabilities provided on the "more likely than not" concept and other tax positions, which are based on the expiration of the statute of limitations related to certain global tax contingencies and the completion of certain tax audits. Out of the above, $3.2 million was reversed during the quarter and $0.9 million was reversed during the second quarter, offset by the charge of $0.6 million during the year; amounting to $0.3 million, $0.0 million and $0.3 million, for the first, second and third quarter respectively. The Company also reversed during the third quarter, $1.2 million based on the reconciliation of actual tax liability as per the tax returns and the tax provision as per the books. Further, a $0.6 million reversal of tax reserve was recorded during the third quarter, which had arisen on account of the reversal of a valuation allowance, created in the past, against deferred tax assets recognized on the allowance of doubtful accounts. During the fourth quarter ended December 31, 2011, the Company reviewed the filing requirements for certain USA State Income Tax returns. The Company updated the profit apportion method in those certain States. Accordingly, the Company provided $1.3 million, out of which $0.8 million relates to the prior years.

(2)

The income tax provisions for the first quarter, third quarter and fourth quarter of 2010 were impacted by reversal of; provisions established for uncertain income tax positions liabilities and other tax positions of $0.33 million, $0.5 million as a result of the expiration of the statute of limitations related to certain global tax contingencies and completion of certain tax audits and provisions established for uncertain income tax positions liabilities and other tax positions of $0.45 million, respectively.

(a)	Earnings per share for the quarter are computed independently and may not equal the earnings per share computed for the total year.