XML 38 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
REVENUE:    
Operating revenue $ 107,755epiq_OperatingRevenueBeforeReimbursedDirectCosts $ 116,220epiq_OperatingRevenueBeforeReimbursedDirectCosts
Reimbursable expenses 11,273epiq_OperatingRevenueFromReimbursedDirectCosts 7,051epiq_OperatingRevenueFromReimbursedDirectCosts
Total Revenue 119,028us-gaap_SalesRevenueNet 123,271us-gaap_SalesRevenueNet
OPERATING EXPENSE:    
Direct cost of operating revenue (exclusive of depreciation and amortization shown separately below) 51,029epiq_DirectCostOfOperatingRevenueNetOfDepreciation 57,635epiq_DirectCostOfOperatingRevenueNetOfDepreciation
Reimbursable expenses 10,504epiq_ReimbursedDirectCosts 6,803epiq_ReimbursedDirectCosts
Selling, general and administrative expense 39,064us-gaap_GeneralAndAdministrativeExpense 44,176us-gaap_GeneralAndAdministrativeExpense
Depreciation and software and leasehold amortization 8,765epiq_DepreciationInternallyDevelopedSoftwareAmortizationAndLeaseholdAmortization 8,700epiq_DepreciationInternallyDevelopedSoftwareAmortizationAndLeaseholdAmortization
Amortization of identifiable intangible assets 2,685epiq_OtherFiniteLivedIntangibleAssetsAmortizationExpense 3,120epiq_OtherFiniteLivedIntangibleAssetsAmortizationExpense
Fair value adjustment to contingent consideration   1,142epiq_UnrealizedGainLossFromContingentConsideration
Other operating expense, net 137us-gaap_OtherGeneralExpense 69us-gaap_OtherGeneralExpense
Total Operating Expense 112,184us-gaap_CostsAndExpenses 121,645us-gaap_CostsAndExpenses
INCOME FROM OPERATIONS 6,844us-gaap_OperatingIncomeLoss 1,626us-gaap_OperatingIncomeLoss
INTEREST EXPENSE (INCOME):    
Interest expense 4,229us-gaap_InterestExpense 4,877us-gaap_InterestExpense
Interest income (4)us-gaap_InvestmentIncomeInterest (4)us-gaap_InvestmentIncomeInterest
Net Interest Expense 4,225us-gaap_InterestIncomeExpenseNet 4,873us-gaap_InterestIncomeExpenseNet
INCOME (LOSS) BEFORE INCOME TAXES 2,619us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (3,247)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
PROVISION FOR (BENEFIT FROM) INCOME TAXES 886us-gaap_IncomeTaxExpenseBenefit (949)us-gaap_IncomeTaxExpenseBenefit
NET INCOME (LOSS) $ 1,733us-gaap_NetIncomeLoss $ (2,298)us-gaap_NetIncomeLoss
NET INCOME (LOSS) PER SHARE INFORMATION:    
Basic $ 0.05us-gaap_EarningsPerShareBasic $ (0.07)us-gaap_EarningsPerShareBasic
Diluted $ 0.05us-gaap_EarningsPerShareDiluted $ (0.07)us-gaap_EarningsPerShareDiluted
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:    
Basic 36,281us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 34,862us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted 36,914us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 34,862us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Cash dividends declared per share of common stock $ 0.09us-gaap_CommonStockDividendsPerShareDeclared $ 0.09us-gaap_CommonStockDividendsPerShareDeclared