| Quarterly Financial Data (Unaudited) |
| 21. |
Quarterly Financial Data (Unaudited) |
Quarterly results for the years ended December 31, 2012 and 2011 were as follows:
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2012 |
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First |
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Second |
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Third |
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Fourth |
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Total revenues
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$ |
32,642 |
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$ |
37,962 |
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$ |
42,283 |
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$ |
44,379 |
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Income (loss) from operations (1) (2)
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1,232 |
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(1,132 |
) |
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920 |
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2,022 |
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Net income (loss) (3)
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740 |
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(668 |
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551 |
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(158 |
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Net income (loss) per share
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Basic
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0.02 |
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(0.02 |
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0.02 |
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(0.01 |
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Diluted
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0.02 |
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(0.02 |
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0.02 |
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(0.01 |
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2011 |
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First |
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Second |
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Third |
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Fourth |
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Total revenues
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$ |
29,262 |
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$ |
31,334 |
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$ |
32,040 |
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$ |
30,542 |
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Income from operations (4)
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2,554 |
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3,151 |
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3,226 |
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2,445 |
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Net income
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1,404 |
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2,447 |
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1,925 |
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1,829 |
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Net income per share
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Basic
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0.04 |
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0.08 |
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0.06 |
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0.06 |
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Diluted
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0.04 |
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0.07 |
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0.06 |
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0.06 |
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(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.
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(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. |
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(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. |
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(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. |
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