XML 50 R32.htm IDEA: XBRL DOCUMENT v2.4.1.9
Quarterly Financial Data (Unaudited) - (Tables)
 12 Months Ended
Dec. 31, 2014
Quarterly Financial Data [Abstract]  
Schedule of Quarterly Financial Information
 
Quarters
 
 
 
First
 
Second
 
Third
 
Fourth (1)(2)
 
Total
(amounts in thousands, except per-share data)
 
 
 
 
 
 
 
 
 
2014
 
 
 
 
 
 
 
 
 
Revenue
$
97,911

 
$
100,331

 
$
96,760

 
$
98,266

 
$
393,268

Direct costs
76,979

 
79,133

 
77,723

 
80,095

 
313,930

Gross profit
20,932

 
21,198

 
19,037

 
18,171

 
79,338

Selling, general, and administrative expenses
15,457

 
15,728

 
14,466

 
16,535

 
62,186

Operating income
5,475

 
5,470

 
4,571

 
1,636

 
17,152

Interest and other expense, net
(97
)
 
(55
)
 
(33
)
 
(29
)
 
(214
)
Income before income taxes
5,378

 
5,415

 
4,538

 
1,607

 
16,938

Provision for income taxes
2,212

 
2,182

 
1,812

 
382

 
6,588

Net income
$
3,166

 
$
3,233

 
$
2,726

 
$
1,225

 
$
10,350

Basic net income per share
$
0.21

 
$
0.22

 
$
0.18

 
$
0.08

 
$
0.68

Diluted net income per share
$
0.19

 
$
0.20

 
$
0.17

 
$
0.08

 
$
0.64

 
 
 
 
 
 
 
 
 
 
Cash dividend declared per share
$
0.06

 
$
0.06

 
$
0.06

 
$
0.06

 
$
0.24


(1)
Included in fourth quarter direct costs is approximately $1.5 million, or $0.9 million, net of tax, or $0.06 basic and diluted net income per share, relating to the disposal of one of the Company's capitalized software projects.

(2) Included in fourth quarter selling, general, and administrative expenses is approximately $2.0 million, or $1.2 million, net of tax, or $0.08 basic and $0.07 diluted net income per share, of costs relating to the death of the Company's Chairman and Chief Executive Officer under his employment agreement.

 
Quarters
 
 
 
First
 
Second
 
Third
 
Fourth
 
Total
(amounts in thousands, except per-share data)
 
 
 
 
 
 
 
 
 
2013
 
 
 
 
 
 
 
 
 
Revenue
$
108,495

 
$
107,117

 
$
100,689

 
$
102,735

 
$
419,036

Direct costs
85,896

 
84,470

 
79,506

 
80,455

 
330,327

Gross profit
22,599

 
22,647

 
21,183

 
22,280

 
88,709

Selling, general, and administrative expenses
16,417

 
16,248

 
15,129

 
16,188

 
63,982

Operating income
6,182

 
6,399

 
6,054

 
6,092

 
24,727

Interest and other income (expense), net
(109
)
 
(106
)
 
(91
)
 
(82
)
 
(388
)
Income before income taxes
6,073

 
6,293

 
5,963

 
6,010

 
24,339

Provision for income taxes
2,016

 
2,238

 
2,100

 
2,306

 
8,660

Net income
$
4,057

 
$
4,055

 
$
3,863

 
$
3,704

 
$
15,679

Basic net income per share
$
0.26

 
$
0.26

 
$
0.25

 
$
0.24

 
$
1.02

Diluted net income per share
$
0.24

 
$
0.24

 
$
0.23

 
$
0.22

 
$
0.92

 
 
 
 
 
 
 
 
 
 
Cash dividend declared per share
$
0.05

 
$
0.05

 
$
0.05

 
$
0.05

 
$
0.20