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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues $ 283,268 $ 267,993 $ 558,186 $ 531,258
Cost of revenues (exclusive of depreciation and amortization) 175,771 167,682 346,010 325,111
Gross margin 107,497 100,311 212,176 206,147
Selling, general and administrative expense 49,350 40,863 92,142 83,284
Depreciation and amortization 8,595 11,445 17,866 26,730
Income from operations 49,552 48,003 102,168 96,133
Interest expense (24,112) (21,032) (46,769) (40,155)
Foreign exchange gain (loss), net 1,983 (17,271) 4,464 (14,435)
Other income, net 17,417 7,596 34,697 15,160
Income before income taxes 44,840 17,296 94,560 56,703
Income tax expense 14,867 4,649 29,827 15,512
Net income 29,973 12,647 64,733 41,191
Non controlling interest 0 0 0 4,476
Net income attributable to iGATE Corporation 29,973 12,647 64,733 36,715
Accretion to preferred stock 120 98 235 192
Preferred dividend 7,752 7,172 15,252 14,171
Net income attributable to iGATE common shareholders $ 22,101 $ 5,377 $ 49,246 $ 22,352
Basic earnings per share:        
Common stock $ 0.29 $ 0.07 $ 0.65 $ 0.30
Unvested restricted stock $ 0.29 $ 0.07 $ 0.65 $ 0.30
Series B Preferred Stock $ 0.69 $ 0.47 $ 1.44 $ 1.09
Diluted earnings per share $ 0.28 $ 0.07 $ 0.62 $ 0.29