Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Data (Unaudited)

v2.4.0.8
Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2013
Quarterly Financial Data (Unaudited)  
Quarterly Financial Data (Unaudited)

19.                        Quarterly Financial Data (Unaudited)

 

Quarterly results for the years ended December 31, 2013 and 2012 were as follows:

 

 

 

2013

 

 

 

First

 

Second

 

Third

 

Fourth

 

Total revenues

 

$

46,625

 

$

51,632

 

$

69,880

 

$

74,398

 

Income from operations (1)

 

588

 

1,757

 

1,737

 

1,430

 

Net income

 

541

 

1,118

 

1,306

 

695

 

Net income per share

 

 

 

 

 

 

 

 

 

Basic

 

0.02

 

0.03

 

0.04

 

0.02

 

Diluted

 

0.02

 

0.03

 

0.04

 

0.01

 

 

 

 

2012

 

 

 

First

 

Second

 

Third

 

Fourth

 

Total revenues

 

$

32,642

 

$

37,962

 

$

42,283

 

$

44,379

 

Income (loss) from operations (2) (3)

 

1,232

 

(1,132

)

920

 

2,022

 

Net income (loss) (4)

 

740

 

(668

)

551

 

(158

)

Net income (loss) per share

 

 

 

 

 

 

 

 

 

Basic

 

0.02

 

(0.02

)

0.02

 

(0.01

)

Diluted

 

0.02

 

(0.02

)

0.02

 

(0.01

)

 

(1)         Included in income from operations for the first quarter, second quarter, third quarter and fourth quarter of 2013 is $350, $705, $1,118 and $1,124, respectively, of restructuring and transaction related costs.

 

(2)         During the fourth quarter, the Company recorded a post closing adjustment that resulted in an increase of $305 to income (loss) from operations to adjust the vacation accrual.

 

(3)         Included in income (loss) from operations for the first quarter, second quarter, third quarter and fourth quarter of 2012 is $644, $1,353, $215 and $506, respectively, of restructuring and transaction related costs.

 

(4)         During the fourth quarter, the Company recorded certain post closing adjustments to income taxes including $848 related to additional India income taxes and $392 in additional income taxes primarily to correct deferred tax assets related to net operating loss carryforwards.