XML 36 R25.htm IDEA: XBRL DOCUMENT v2.4.1.9
QUARTERLY FINANCIAL DATA
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY FINANCIAL DATA
QUARTERLY FINANCIAL DATA (UNAUDITED)
Summarized quarterly results for the two years ended December 31, 2014 and 2013 were as follows:
 
 
Three Months Ended 
2014
 
March 31 
 
June 30 
 
September 30 
 
December 31 
 
Full Year 
Revenues
 
$
160,384

 
$
174,695

 
$
192,764

 
$
202,184

 
$
730,027

Operating expenses:
 
  

 
 
 
 
 
 
 
 

Cost of revenues (exclusive of depreciation and amortization)
 
102,454

 
110,102

 
122,509

 
121,465

 
456,530

Selling, general and administrative expenses
 
32,359

 
38,671

 
42,875

 
49,761

 
163,666

Depreciation and amortization expense
 
3,689

 
5,451

 
5,510

 
2,833

 
17,483

Goodwill impairment loss
 

 

 

 
2,241

 
2,241

Other operating (income)/ expenses, net
 
25

 
1,995

 
35

 
1,869

 
3,924

Income from operations
 
21,857

 
18,476

 
21,835

 
24,015

 
86,183

Interest and other income, net
 
976

 
1,164

 
1,261

 
1,368

 
4,769

Change in fair value of contingent consideration
 

 

 

 
(1,924
)
 
(1,924
)
Foreign exchange loss
 
(1,241
)
 
(1,239
)
 
(718
)
 
1,123

 
(2,075
)
Income before provision for income taxes
 
21,592

 
18,401

 
22,378

 
24,582

 
86,953

Provision for income taxes
 
4,228

 
3,587

 
3,338

 
6,159

 
17,312

Net income
 
$
17,364

 
$
14,814

 
$
19,040

 
$
18,423

 
$
69,641

Comprehensive income
 
$
13,787

 
$
17,708

 
$
10,780

 
$
7,115

 
$
49,390

Basic net income per share(1)
 
$
0.37

 
$
0.31

 
$
0.40

 
$
0.39

 
$
1.48

Diluted net income per share(1)
 
$
0.35

 
$
0.30

 
$
0.38

 
$
0.37

 
$
1.40

(1)
Earnings per share amounts for each quarter may not necessarily total to the yearly earnings per share due to the weighting of shares outstanding on a quarterly and year to date basis.
 
 
Three Months Ended 
2013
 
March 31 
 
June 30 
 
September 30 
 
December 31 
 
Full Year 
Revenues
 
$
124,198

 
$
133,184

 
$
140,150

 
$
157,585

 
$
555,117

Operating expenses:
 
 

 
 
 
 
 
 
 
 

Cost of revenues (exclusive of depreciation and amortization)
 
77,937

 
83,547

 
88,539

 
97,627

 
347,650

Selling, general and administrative expenses
 
27,083

 
28,541

 
27,893

 
32,980

 
116,497

Depreciation and amortization expense
 
3,617

 
3,854

 
3,906

 
3,743

 
15,120

Goodwill impairment loss
 

 

 

 

 

Other operating (income)/ expenses, net
 
25

 
(293
)
 
(418
)
 
43

 
(643
)
Income from operations
 
15,536

 
17,535

 
20,230

 
23,192

 
76,493

Interest and other income, net
 
630

 
769

 
846

 
832

 
3,077

Change in fair value of contingent consideration
 

 

 

 

 

Foreign exchange loss
 
(499
)
 
(869
)
 
(720
)
 
(712
)
 
(2,800
)
Income before provision for income taxes
 
15,667

 
17,435

 
20,356

 
23,312

 
76,770

Provision for income taxes
 
2,987

 
3,317

 
3,919

 
4,553

 
14,776

Net income
 
$
12,680

 
$
14,118

 
$
16,437

 
$
18,759

 
$
61,994

Comprehensive income
 
$
10,337

 
$
13,073

 
$
19,412

 
$
18,361

 
$
61,183

Basic net income per share(1)
 
$
0.28

 
$
0.31

 
$
0.36

 
$
0.40

 
$
1.35

Diluted net income per share(1)
 
$
0.27

 
$
0.29

 
$
0.34

 
$
0.38

 
$
1.28

(1)
Earnings per share amounts for each quarter may not necessarily total to the yearly earnings per share due to the weighting of shares outstanding on a quarterly and year to date basis.