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CONDENSED CONSOLIDATED INCOME STATEMENTS (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenue:    
Laundry facilities management revenue$ 74,287$ 73,882$ 228,435$ 226,417
Commercial laundry equipment sales4,2054,35910,93911,868
Total revenue from continuing operations78,49278,241239,374238,285
Cost of revenue:    
Cost of laundry facilities management revenue52,00450,839157,560154,833
Depreciation and amortization10,56811,68732,51234,262
Cost of commercial laundry equipment sales3,1443,3578,7229,468
Total cost of revenue65,71665,883198,794198,563
Gross margin12,77612,35840,58039,722
Operating expenses:    
General and administration4,7594,49914,19013,632
Sales and marketing3,0233,48310,18610,184
Depreciation and amortization4253781,2211,163
Gain on sale of assets, net(13)(95)(170)(208)
Incremental costs of proxy contests  269235
Total operating expenses8,1948,26525,69625,006
Income from continuing operations4,5824,09314,88414,716
Interest expense, including the change in the fair value of non-hedged derivative instruments3,4632,6909,5068,652
Income before provision for income taxes from continuing operations1,1191,4035,3786,064
Provision for income taxes5155772,2042,537
Income from continuing operations, net6048263,1743,527
Income from discontinued operations, net   44
Loss from disposal of discontinued operations, net of taxes of $384   (294)
Net income$ 604$ 826$ 3,174$ 3,277
Earnings per share - basic - continuing operations (in dollars per share)$ 0.04$ 0.06$ 0.22$ 0.26
Earnings per share - diluted - continuing operations (in dollars per share)$ 0.04$ 0.06$ 0.21$ 0.25
Loss per share - basic - discontinued operations (in dollars per share)   $ (0.02)
Loss per share - diluted - discontinued operations (in dollars per share)   $ (0.02)
Earnings per share - basic (in dollars per share)$ 0.04$ 0.06$ 0.22$ 0.24
Earnings per share - diluted (in dollars per share)$ 0.04$ 0.06$ 0.21$ 0.23
Weighted average common shares outstanding - basic (in shares)14,28613,80714,20713,759
Weighted average common shares outstanding - diluted (in shares)15,00014,40214,95314,297