Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Data (Unaudited)

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Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2012
Quarterly Financial Data [Abstract]  
Quarterly Financial Data (Unaudited)
21. Quarterly Financial Data (Unaudited)

Quarterly results for the years ended December 31, 2012 and 2011 were as follows:

 

                                 
    2012  
        First             Second             Third             Fourth      

Total revenues

    $     32,642       $     37,962       $     42,283       $     44,379  

Income (loss) from operations (1) (2)

    1,232       (1,132     920       2,022  

Net income (loss) (3)

    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

 

                                 
    2011  
        First             Second             Third             Fourth      

Total revenues

    $     29,262       $     31,334       $     32,040       $     30,542  

Income from operations (4)

    2,554       3,151       3,226       2,445  

Net income

    1,404       2,447       1,925       1,829  

Net income per share

                               

Basic

    0.04       0.08       0.06       0.06  

Diluted

    0.04       0.07       0.06       0.06  

 

  (1) During the fourth quarter, the Company recorded an adjustment to non-cash compensation expense that resulted in an increase of $305 to income from operations.

 

  (2) 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.

 

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

 

  (4) Included in income from operations for the first quarter, second quarter, third quarter and fourth quarter of 2011 is $10, $53, $302 and $689, respectively, of restructuring and transaction related costs.