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Reconciliation of unaudited quarterly financial data (Tables)
9 Months Ended
Sep. 30, 2015
Quarterly Financial Information Disclosure [Abstract]  
Reconciliation of Unaudited Quarterly Financial Data

See below for the impact of the corrections for the three and nine months ended September 30, 2014:

 

     Three months ended September 30, 2014  
     As previously
reported
     (a)
Adjustments
     As
revised
 

Income tax provision

   $ 2,713         1,283         3,996   

Net income

   $ 8,431         (1,283    $ 7,148   

Basic income per common share

   $ 0.78       $ (0.12    $ 0.66   

Diluted income per common share

     0.68         (0.12      0.56   

 

(a) The Company initially excluded the change in the contingent consideration associated with the acquisition of 3PI from its income tax provision calculation. The Company subsequently determined that the Company should have provided income tax expense arising from the change in this contingent consideration. Therefore, the adjustment classified in “Income tax provision” presents the recognition of deferred income tax expense in the three months ended September 30, 2014 in connection with the change in the valuation of the contingent portion of the consideration that was recognized in the Company’s unaudited quarterly condensed consolidated statement of operations for the period.

 

     Nine months ended September 30, 2014  
     As previously
reported
     (a)
Adjustments
     As
revised
 

Income tax provision

   $ 5,992         1,512         7,504   

Net income

     14,917         (1,512    $ 13,405   

Basic income per common share

   $ 1.40       $ (0.14    $ 1.26   

Diluted income per common share

     1.23         (0.13      1.10   

 

(a) The Company initially excluded the change in the contingent consideration associated with the acquisition of 3PI from its income tax provision calculation The Company subsequently determined that the Company should have provided income tax expense arising from the change in this contingent consideration. Therefore, the adjustment classified in “Income tax provision” presents the recognition of deferred income tax expense in the nine months ended September 30, 2014 in connection with the change in the valuation of the contingent portion of the consideration that was recognized in the Company’s unaudited quarterly condensed consolidated statement of operations for the period.