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Quarterly Information
 12 Months Ended
Sep. 30, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Information

M. Quarterly Information

The table below sets forth the unaudited consolidated operating results by fiscal quarter for the years ended September 30, 2014 and 2013 (in thousands, except per share data):

 

 

2014 Quarters

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

2014

 

Revenues

$

171,872

 

 

$

162,295

 

 

$

150,800

 

 

$

162,847

 

 

$

647,814

 

Gross profit

 

35,158

 

 

 

34,928

 

 

 

29,642

 

 

 

25,746

 

 

 

125,474

 

Income from continuing operations

 

7,268

 

 

 

6,976

 

 

 

2,947

 

 

 

2,429

 

 

 

19,620

 

Net income

 

8,255

 

 

 

15,593

 

 

 

2,947

 

 

 

2,429

 

 

 

29,224

 

Earnings per share ─ continuing operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

0.61

 

 

$

0.58

 

 

$

0.25

 

 

$

0.20

 

 

$

1.63

 

Diluted

$

0.60

 

 

$

0.58

 

 

$

0.24

 

 

$

0.20

 

 

$

1.62

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share: (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

0.69

 

 

$

1.30

 

 

$

0.25

 

 

$

0.20

 

 

$

2.43

 

Diluted

$

0.68

 

 

$

1.29

 

 

$

0.24

 

 

$

0.20

 

 

$

2.42

 

 

 

 

2013 Quarters

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

2013

 

Revenues

$

146,858

 

 

$

146,041

 

 

$

171,733

 

 

$

176,235

 

 

$

640,867

 

Gross profit

 

32,402

 

 

 

29,543

 

 

 

36,593

 

 

 

39,954

 

 

 

138,492

 

Income from continuing operations

 

7,120

 

 

 

6,202

 

 

 

9,083

 

 

 

17,334

 

 

 

39,739

 

Net income

 

7,385

 

 

 

6,818

 

 

 

9,305

 

 

 

18,568

 

 

 

42,076

 

Earnings per share ─ continuing operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

0.60

 

 

$

0.52

 

 

$

0.76

 

 

$

1.45

 

 

$

3.32

 

Diluted

$

0.60

 

 

$

0.52

 

 

$

0.76

 

 

$

1.44

 

 

$

3.32

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share: (2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

0.62

 

 

$

0.57

 

 

$

0.78

 

 

$

1.55

 

 

$

3.52

 

Diluted

$

0.62

 

 

$

0.57

 

 

$

0.78

 

 

$

1.54

 

 

$

3.51

 

 

(1)

The increase in earnings per share for the second quarter of Fiscal 2014 was primarily due to the sale of Transdyn. For additional information on this disposition, see Note N.

(2)

The increase in earnings per share for the fourth quarter of Fiscal 2013 was primarily driven by the release of our Canadian valuation allowance.  For an explanation of the effective tax rate in Fiscal 2013, see Note H.

The sum of the individual earnings per share amounts may not agree with year-to-date earnings per share as each period’s computation is based on the weighted-average number of shares outstanding during the period.