Quarterly Results Of Operations

12 Months Ended

Dec. 31, 2013

Quarterly Results Of Operations [Abstract]

Quarterly Results Of Operations

NOTE 10 – Quarterly Results of Operations (Unaudited)

A summary of (unaudited) quarterly results of operations (in thousands of dollars, except per share amounts) is as follows:

	Quarter Ended
	March 31		June 30		Sept. 30		Dec. 31
2013
Royalties	$	4,708	$	5,009	$	4,404	$	4,722
Interest and other income		26		20		35		27
Total revenues		4,734		5,029		4,439		4,749
Expenses		1,043		1,011		1,035		1,071
Net income	$	3,691	$	4,018	$	3,404	$	3,678
Earnings per share	$	2.46	$	2.68	$	2.27	$	2.45
2012
Royalties	$	7,000	$	7,306	$	5,178	$	4,536
Interest and other income		31		23		45		37
Total revenues		7,031		7,329		5,223		4,573
Expenses		1,062		1,050		956		1,020
Net income	$	5,969	$	6,279	$	4,267	$	3,553
Earnings per share	$	3.98	$	4.19	$	2.84	$	2.37