XML 59 R31.htm IDEA: XBRL DOCUMENT v2.4.0.8
Selected Quarterly Financial Information (Unaudited)
12 Months Ended
Dec. 31, 2013
Selected Quarterly Financial Information (Unaudited)  
Selected Quarterly Financial Information (Unaudited)

Note 25—Selected Quarterly Financial Information (Unaudited)

 

Selected unaudited quarterly consolidated financial information is presented in the following tables:

 

 

 

Year Ended December 31, 2013

 

(In thousands, except per share data)

 

1st
Quarter

 

2nd
Quarter

 

3rd
Quarter

 

4th
Quarter

 

Revenues

 

$

409,995

 

$

445,013

 

$

551,333

 

$

537,879

 

Gross profit

 

46,096

 

59,537

 

75,465

 

74,917

 

Net income

 

10,040

 

15,893

 

23,193

 

25,554

 

Net income attributable to Primoris

 

9,770

 

15,564

 

21,845

 

22,481

 

 

 

 

 

 

 

 

 

 

 

Earnings per share:

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.19

 

$

0.30

 

$

0.42

 

$

0.44

 

Diluted earnings per share

 

$

0.19

 

$

0.30

 

$

0.42

 

$

0.44

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding (in thousands)

 

 

 

 

 

 

 

 

 

Basic

 

51,456

 

51,562

 

51,568

 

51,571

 

Diluted

 

51,467

 

51,626

 

51,671

 

51,671

 

 

 

 

Year Ended December 31, 2012

 

(In thousands, except per share data)

 

1st
Quarter

 

2nd
Quarter

 

3rd
Quarter

 

4th
Quarter

 

Revenues

 

$

291,573

 

$

337,436

 

$

431,842

 

$

480,883

 

Gross profit

 

37,596

 

44,004

 

56,291

 

54,819

 

Net income

 

10,530

 

11,857

 

17,948

 

17,932

 

Net income attributable to Primoris

 

10,486

 

11,733

 

17,516

 

17,021

 

 

 

 

 

 

 

 

 

 

 

Earnings per share:

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.21

 

$

0.23

 

$

0.34

 

$

0.33

 

Diluted earnings per share

 

$

0.20

 

$

0.23

 

$

0.34

 

$

0.33

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding (in thousands)

 

 

 

 

 

 

 

 

 

Basic

 

51,096

 

51,435

 

51,398

 

51,404

 

Diluted

 

51,337

 

51,435

 

51,404

 

51,418

 

 

 

 

Year Ended December 31, 2011

 

(In thousands, except per share data)

 

1st
Quarter

 

2nd
Quarter

 

3rd
Quarter

 

4th
Quarter

 

Revenues

 

$

359,645

 

$

351,956

 

$

375,483

 

$

373,066

 

Gross profit

 

40,630

 

41,406

 

52,121

 

51,046

 

Net income

 

12,278

 

14,462

 

19,348

 

12,471

 

 

 

 

 

 

 

 

 

 

 

Earnings per share:

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.25

 

$

0.28

 

$

0.38

 

$

0.24

 

Diluted earnings per share

 

$

0.24

 

$

0.28

 

$

0.38

 

$

0.24

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding (in thousands)

 

 

 

 

 

 

 

 

 

Basic

 

49,675

 

51,044

 

51,054

 

51,059

 

Diluted

 

51,051

 

51,154

 

51,054

 

51,292