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Selected Quarterly Financial Data (Unaudited)

v2.4.0.8
Selected Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2012
Quarterly Financial Data [Abstract]  
Selected Quarterly Financial Data (Unaudited)
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
The following table summarizes quarterly financial data for the years ended December 31, 2012 and 2011:
 
 
 
2012
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Revenues
 
$
65,461,000

 
$
66,325,000

 
$
60,537,000

 
$
56,603,000

Income from operations
 
27,263,000

 
25,947,000

 
18,178,000

 
25,875,000

Income tax expense
 
—

 
—

 
15,514,000

 
10,849,000

Net income
 
26,869,000

 
25,117,000

 
502,000

 
15,883,000

Income per share:
 

 

 

 

Basic
 
$
0.48

 
$
0.45

 
$
0.01

 
$
0.28

Diluted
 
$
0.48

 
$
0.45

 
$
0.01

 
$
0.28

 
 
 
 
 
 
 
 
 
 
 
2011
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Revenues
 
$
46,638,000

 
$
55,589,000

 
$
58,081,000

 
$
68,946,000

Income from operations
 
22,105,000

 
28,156,000

 
29,118,000

 
31,585,000

Income tax expense (benefit)
 
—

 
1,000

 
—

 
(91,000
)
Net income
 
21,174,000

 
27,265,000

 
29,009,000

 
30,974,000

Income per share:
 

 

 

 

Basic
 
$
0.47

 
$
0.57

 
$
0.58

 
$
0.59

Diluted
 
$
0.47

 
$
0.57

 
$
0.57

 
$
0.59