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Quarterly Results
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results
17. Quarterly Results (Unaudited)
(dollars in thousands, except per share data)
December 31,
2016

September 30,
2016

June 30,
2016

March 31,
2016

Total revenue
$
198,305

$
183,063

$
180,191

$
169,256

Gross profit
105,903

99,746

96,579

89,367

Income from operations
24,024

13,540

13,624

10,612

Income before provision for income taxes
21,372

10,884

10,838

7,832

Net income
17,284

8,934

9,060

6,237

Earnings per share
 
 
 
 
Basic
$
0.37

$
0.19

$
0.20

$
0.14

Diluted
0.36

0.19

0.19

0.13

  
 
 
 
 
(dollars in thousands, except per share data)
December 31,
2015

September 30,
2015

June 30,
2015

March 31,
2015

Total revenue
$
175,877

$
158,811

$
156,259

$
146,993

Gross profit
90,661

84,638

82,829

75,181

Income from operations
10,271

13,968

14,461

8,012

Income before provision for income taxes
7,255

12,344

11,314

6,039

Net income
6,411

7,911

7,042

4,285

Earnings per share
 
 
 
 
Basic
$
0.14

$
0.17

$
0.15

$
0.09

Diluted
0.14

0.17

0.15

0.09

Note: The individual amounts for each quarter may not sum to full year totals due to rounding.
The results of operations of acquired companies are included in the consolidated results of operations from the date of their respective acquisition as described in Note 3 of these consolidated financial statements. In addition, we completed the sale of a business in 2015 as discussed in Note 18 of these consolidated financial statements.
Our early adoption of ASU 2016-09 impacted the 2016 fiscal year amounts previously reported for both the three months ended March 31, 2016 and June 30, 2016. See Note 2 to these consolidated financial statements for a detailed discussion of ASU 2016-09 and its effects upon adoption.