XML 50 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2012
Income Statement [Abstract]      
Gross revenue $ 475,677 $ 441,517 $ 419,959
Less subcontractor costs and other direct reimbursable charges 120,721 121,114 118,179
Net service revenue 354,956 320,403 301,780
Interest income from contractual arrangements 52 239 295
Insurance recoverables and other income 17,874 4,514 614
Operating costs and expenses:      
Cost of services (exclusive of costs shown separately below) 312,108 268,545 246,506
General and administrative expenses 31,053 30,739 31,025
Provision for doubtful accounts 0 408 755
Depreciation and amortization 8,800 6,903 5,508
Arena Towers litigation reversal 0 0 (11,061)
Total operating costs and expenses 351,961 306,595 272,733
Operating income 20,921 18,561 29,956
Interest expense (169) (337) (668)
Income from operations before taxes and equity in earnings 20,752 18,224 29,288
Federal and state income tax (provision) benefit (8,742) 17,986 3,930
Income from operations before equity in earnings 12,010 36,210 33,218
Equity in earnings from unconsolidated affiliates, net of taxes 0 0 270
Net income 12,010 36,210 33,488
Net loss applicable to noncontrolling interest 41 65 87
Net income applicable to TRC Companies, Inc. $ 12,051 $ 36,275 $ 33,575
Earnings Per Share [Abstract]      
Basic earnings (loss) per common share (in dollars per share) $ 0.41 $ 1.26 $ 1.21
Diluted earnings (loss) per common share (in dollars per share) $ 0.40 $ 1.23 $ 1.16
Weighted-average common shares outstanding:      
Basic (shares) 29,594 28,843 27,781
Diluted (shares) 30,140 29,601 28,822