XML 18 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Statement Of Income And Comprehensive Income [Abstract]      
Revenue $ 799,832 $ 750,422 $ 719,483
Operating expenses 697,726 652,391 [1] 629,804
Gross margin 102,106 98,031 89,679
Corporate general and administrative expenses 36,319 32,527 [1] 34,183
Operating income (loss) 65,787 65,504 55,496
Other income (expense):      
Interest expense (6,593) (8,902) (13,124)
Gain on sale of operations, net 855 84 1,303
Other income, net 6,957 1,146 [1] 6,893
Total other income (expense), net 1,219 (7,672) (4,928)
Income from continuing operations before income tax expense 67,006 57,832 50,568
Income tax expense 26,399 22,829 20,154
Income (loss) from continuing operations 40,607 35,003 30,414
Loss from operations of discontinued operations, net of tax (542) (2,323) (754)
Gain on disposal of discontinued operations, net of tax   1,427 99
Net income (loss) $ 40,065 $ 34,107 $ 29,759
Basic:      
Continuing operations $ 0.78 $ 0.70 $ 0.63
Discontinued operations (0.01) (0.01) (0.01)
Net income 0.77 0.69 0.62
Diluted:      
Continuing operations 0.76 0.66 0.59
Discontinued operations (0.01) (0.01) (0.01)
Net income $ 0.75 $ 0.65 $ 0.58
Basic weighted average common shares outstanding 52,321 50,280 48,343
Diluted weighted average common shares outstanding 53,513 52,693 51,487
Comprehensive income:      
Net income $ 40,065 $ 34,107 $ 29,759
Other comprehensive income:      
Net unrealized loss on available-for-sale securities, net of income tax benefit of $16, $77 and $74 (23) (114) (117)
Net unrealized gain on interest rate swaps, net of income tax expense of $107, $135 and $121 182 230 206
Foreign currency translation (30) (54) (59)
Total other comprehensive income 129 62 30
Total comprehensive income $ 40,194 $ 34,169 $ 29,789
[1] “Operating expenses” under the Financial Services and Benefits and Insurance Services practice groups include a reduction of $0.9 million and $0.6 million related to a state payroll tax incentive associated with an office relocation. “Corporate general and administrative expenses” include a reduction of less than $0.1 million related to the office relocation as discussed above. The reductions was recorded in “Other (expense) income, net” in 2015 but was reclassified to “Operating expenses” and “Corporate general and administrative expenses” to align the incentives with the expenses associated with the office relocation. The reclassification had no impact on “Income from continuing operations” or diluted earnings per share from continuing operations.