Quarterly Results

12 Months Ended

Dec. 31, 2011

NOTE 18—QUARTERLY RESULTS (UNAUDITED)

The following tables set forth certain unaudited results of operations for each quarter during 2011 and 2010. The unaudited information has been prepared on the same basis as the annual consolidated financial statements and includes all adjustments which management considers necessary for a fair presentation of the financial data shown. The operating results for any quarter are not necessarily indicative of the results to be attained for any future period. Basic and diluted income (loss) per share is computed independently for each of the periods presented. Accordingly, the sum of the quarterly income (loss) per share may not agree to the total for the year.


	1^st Quarter ⁽¹⁾			2^nd Quarter ^(1)(2)(3)(4)		3^rd Quarter ⁽¹⁾		4^th Quarter ⁽¹⁾⁽²⁾		Total
Year ended December 31, 2011
Total revenues from continuing operations	$	96,061		$	132,058	$	133,983	$	120,107	$	482,209
Operating (loss) income from continuing operations		(1,928	)		14,958		13,811		8,317		35,158
Net (loss) income	$	(18,398	)	$	5,883	$	3,090	$	1,715	$	(7,710	)
Net loss (income) per common share:
Basic	$	(1.44	)	$	0.46	$	0.24	$	0.14	$	(0.60	)
Diluted	$	(1.44	)	$	0.46	$	0.24	$	0.14	$	(0.60	)


	1^st Quarter ⁽¹⁾			2^nd Quarter ⁽¹⁾⁽²⁾			3^rd Quarter ⁽¹⁾		4^th Quarter ⁽¹⁾⁽²⁾			Total
Year ended December 31, 2010
Total revenues from continuing operations	$	123,145		$	126,178		$	123,451	$	115,248		$	488,022
Operating income from continuing operations		6,456			5,200			6,628		5,997			24,281
Net (loss) income	$	(3,447	)	$	(6,512	)	$	529	$	(3,149	)	$	(12,579	)
Net loss (income) per common share:
Basic	$	(0.27	)	$	(0.52	)	$	0.04	$	(0.24	)	$	(0.99	)
Diluted	$	(0.27	)	$	(0.52	)	$	0.04	$	(0.24	)	$	(0.99	)

(1)	In connection with reporting for discontinued operations, the Company has reclassified the quarterly results.

(2)

In connection with the asset impairment valuations, the Company recognized additional impairment charges attributable to underperforming assets in the second and fourth quarter of 2011 of $1.2 million and $2.1 million, respectively, and the second and fourth quarter of 2010 of $3.2 million and $4.2 million, respectively.

(3)	In connection with the separation agreement with the former Senior Vice-President-General Counsel, the Company recognized charges in the second quarter of 2011 of $0.8 million.

(4)	In connection with an uncollectible note receivable, the Company wrote off a note receivable in the second quarter of 2011 of $0.8 million.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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