Summary of Quarterly Results of Operations |
|
|
2016 |
|
|
2015 |
|
|
|
First |
|
|
Second |
|
|
Third |
|
|
Fourth |
|
|
First |
|
|
Second |
|
|
Third |
|
|
Fourth |
|
|
|
Quarter |
|
|
Quarter |
|
|
Quarter |
|
|
Quarter |
|
|
Quarter |
|
|
Quarter |
|
|
Quarter |
|
|
Quarter |
|
|
|
(in thousands, except per share data) |
|
Operating revenues |
|
$ |
278,828 |
|
|
$ |
290,596 |
|
|
$ |
288,433 |
|
|
$ |
292,812 |
|
|
$ |
262,769 |
|
|
$ |
270,580 |
|
|
$ |
268,771 |
|
|
$ |
272,893 |
|
Cost of revenues |
|
|
63,172 |
|
|
|
62,130 |
|
|
|
62,986 |
|
|
|
63,819 |
|
|
|
69,904 |
|
|
|
67,394 |
|
|
|
65,593 |
|
|
|
64,804 |
|
Selling and marketing |
|
|
41,689 |
|
|
|
41,854 |
|
|
|
41,514 |
|
|
|
41,609 |
|
|
|
41,648 |
|
|
|
42,028 |
|
|
|
38,809 |
|
|
|
39,809 |
|
Research and development |
|
|
18,928 |
|
|
|
18,566 |
|
|
|
18,750 |
|
|
|
18,960 |
|
|
|
23,189 |
|
|
|
20,807 |
|
|
|
15,548 |
|
|
|
17,776 |
|
General and administrative |
|
|
21,890 |
|
|
|
22,019 |
|
|
|
21,859 |
|
|
|
21,467 |
|
|
|
20,377 |
|
|
|
22,080 |
|
|
|
19,960 |
|
|
|
23,590 |
|
Amortization of intangible assets |
|
|
11,840 |
|
|
|
11,943 |
|
|
|
11,752 |
|
|
|
11,498 |
|
|
|
11,702 |
|
|
|
11,695 |
|
|
|
11,710 |
|
|
|
11,803 |
|
Depreciation and amortization of
property, equipment and
leasehold improvements |
|
|
8,168 |
|
|
|
8,393 |
|
|
|
8,312 |
|
|
|
9,447 |
|
|
|
7,207 |
|
|
|
8,065 |
|
|
|
8,049 |
|
|
|
7,568 |
|
Total operating expenses |
|
|
165,687 |
|
|
|
164,905 |
|
|
|
165,173 |
|
|
|
166,800 |
|
|
|
174,027 |
|
|
|
172,069 |
|
|
|
159,669 |
|
|
|
165,350 |
|
Operating income |
|
|
113,141 |
|
|
|
125,691 |
|
|
|
123,260 |
|
|
|
126,012 |
|
|
|
88,742 |
|
|
|
98,511 |
|
|
|
109,102 |
|
|
|
107,543 |
|
Interest income |
|
|
(621 |
) |
|
|
(585 |
) |
|
|
(799 |
) |
|
|
(901 |
) |
|
|
(204 |
) |
|
|
(185 |
) |
|
|
(285 |
) |
|
|
(492 |
) |
Interest expense |
|
|
22,904 |
|
|
|
22,918 |
|
|
|
26,790 |
|
|
|
29,039 |
|
|
|
11,108 |
|
|
|
11,116 |
|
|
|
17,267 |
|
|
|
22,896 |
|
Other expense (income) |
|
|
81 |
|
|
|
2,814 |
|
|
|
(253 |
) |
|
|
779 |
|
|
|
178 |
|
|
|
164 |
|
|
|
(6,922 |
) |
|
|
(297 |
) |
Other expense (income), net |
|
|
22,364 |
|
|
|
25,147 |
|
|
|
25,738 |
|
|
|
28,917 |
|
|
|
11,082 |
|
|
|
11,095 |
|
|
|
10,060 |
|
|
|
22,107 |
|
Income from continuing operations
before provision for income taxes |
|
|
90,777 |
|
|
|
100,544 |
|
|
|
97,522 |
|
|
|
97,095 |
|
|
|
77,660 |
|
|
|
87,416 |
|
|
|
99,042 |
|
|
|
85,436 |
|
Provision for income taxes |
|
|
30,410 |
|
|
|
33,587 |
|
|
|
32,241 |
|
|
|
28,845 |
|
|
|
28,036 |
|
|
|
31,399 |
|
|
|
34,644 |
|
|
|
25,437 |
|
Income from continuing operations |
|
|
60,367 |
|
|
|
66,957 |
|
|
|
65,281 |
|
|
|
68,250 |
|
|
|
49,624 |
|
|
|
56,017 |
|
|
|
64,398 |
|
|
|
59,999 |
|
Income (loss) from discontinued
operations, net of income taxes |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(5,797 |
) |
|
|
— |
|
|
|
— |
|
|
|
(593 |
) |
Net income |
|
$ |
60,367 |
|
|
$ |
66,957 |
|
|
$ |
65,281 |
|
|
$ |
68,250 |
|
|
$ |
43,827 |
|
|
$ |
56,017 |
|
|
$ |
64,398 |
|
|
$ |
59,406 |
|
Earnings per basic common share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
From continuing operations |
|
$ |
0.61 |
|
|
$ |
0.69 |
|
|
$ |
0.69 |
|
|
$ |
0.73 |
|
|
$ |
0.44 |
|
|
$ |
0.50 |
|
|
$ |
0.59 |
|
|
$ |
0.59 |
|
From discontinued operations |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(0.05 |
) |
|
|
— |
|
|
|
— |
|
|
|
(0.01 |
) |
Earnings per basic common share |
|
$ |
0.61 |
|
|
$ |
0.69 |
|
|
$ |
0.69 |
|
|
$ |
0.73 |
|
|
$ |
0.39 |
|
|
$ |
0.50 |
|
|
$ |
0.59 |
|
|
$ |
0.58 |
|
Earnings per diluted common share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
From continuing operations |
|
$ |
0.60 |
|
|
$ |
0.69 |
|
|
$ |
0.68 |
|
|
$ |
0.73 |
|
|
$ |
0.44 |
|
|
$ |
0.50 |
|
|
$ |
0.59 |
|
|
$ |
0.58 |
|
From discontinued operations |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(0.05 |
) |
|
|
— |
|
|
|
— |
|
|
|
(0.01 |
) |
Earnings per diluted commons hare |
|
$ |
0.60 |
|
|
$ |
0.69 |
|
|
$ |
0.68 |
|
|
$ |
0.73 |
|
|
$ |
0.39 |
|
|
$ |
0.50 |
|
|
$ |
0.59 |
|
|
$ |
0.57 |
|
Weighted average shares outstanding
used in computing per share data |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
99,425 |
|
|
|
96,412 |
|
|
|
94,823 |
|
|
|
93,327 |
|
|
|
112,520 |
|
|
|
112,143 |
|
|
|
108,773 |
|
|
|
102,837 |
|
Diluted |
|
|
99,998 |
|
|
|
96,888 |
|
|
|
95,473 |
|
|
|
93,845 |
|
|
|
113,522 |
|
|
|
112,931 |
|
|
|
109,440 |
|
|
|
103,590 |
|
|