TWELVE MONTHS ENDED DECEMBER 31, 2015 AND SEVEN MONTHS ENDED DECEMBER 31, 2014 COMPARATIVE DATA (Unaudited)

The condensed consolidated statements of income for the twelve months ended December 31, 2015 and the seven months ended December 31, 2014 is as follows (in thousands, except per share data):



	Twelve Months Ended December 31,		Seven Months Ended December 31,
	2015		2014
Revenues	$	926,356	$	487,408
Operating expenses	655,465		337,977
Gross margin	270,891		149,431
Selling, general and administrative expenses	223,078		109,348
Loss on revaluation of contingent consideration	522		—
Operating income	47,291		40,083
Interest expense, net	5,792		1,332
Foreign currency loss and other	2,309		1,197
Income from continuing operations before income taxes	39,190		37,554
Less: Provision for income taxes	13,744		13,622
Income from continuing operations	25,446		23,932
Income from discontinued operations, net of income tax	—		—
Net income	25,446		23,932
Less: income attributable to noncontrolling interest	213		214
Net income attributable to Team shareholders	$	25,233	$	23,718
Income from continuing operations per share and net income per share: Basic	$	1.21	$	1.15
Income from continuing operations per share and net income per share: Diluted	$	1.18	$	1.08

Weighted-average shares outstanding:
Basic	20,780		20,593
Diluted	21,378		21,907