XML 45 R35.htm IDEA: XBRL DOCUMENT v2.4.0.6
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)
12 Months Ended
Sep. 30, 2012
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) [Abstract]  
Selected Quarterly Financial Data
The following tables set forth certain unaudited consolidated condensed quarterly statements of operations data for each of the eight fiscal quarters ended September 30, 2012.  In our opinion, this information has been prepared on the same basis as the audited Consolidated Financial Statements contained herein.  This information should be read in conjunction with our Consolidated Financial Statements and the notes thereto appearing elsewhere in this report.  Our operating results for any one quarter are not necessarily indicative of results for any future period.
 
 
2012 fiscal quarters
  
2011 fiscal quarters
 
(In thousands, except per share data)
 
Fourth
  
Third
  
Second
  
First
  
Fourth
  
Third
  
Second
  
First
 
Consolidated statements of operations data:
 
  
  
  
  
  
  
  
 
Revenues
 
$
28,921
  
$
39,163
  
$
32,820
  
$
34,837
  
$
28,491
  
$
38,443
  
$
30,266
  
$
32,970
 
Costs and expenses:
                                
Direct costs
  
19,675
   
28,922
   
22,900
   
23,876
   
21,866
   
30,696
   
23,332
   
24,870
 
General and administrative
  
7,361
   
6,601
   
7,309
   
9,186
   
6,427
   
5,530
   
4,884
   
5,925
 
Selling and marketing
  
2,173
   
2,635
   
2,152
   
1,508
   
1,878
   
1,690
   
1,822
   
1,550
 
Depreciation and amortization
  
1,733
   
1,851
   
1,867
   
1,903
   
1,894
   
1,856
   
1,806
   
1,758
 
(Loss) from continuing operations
  
(2,021
)
  
(846
)
  
(1,408
)
  
(1,636
)
  
(3,574
)
  
(1,329
)
  
(1,578
)
  
(1,133
)
Total other (loss) income
  
(1
)
  
(1
)
  
   
1
   
6
   
19
   
20
   
37
 
Loss from continuing operations before income taxes
  
(2,022
)
  
(847
)
  
(1,408
)
  
(1,635
)
  
(3,568
)
  
(1,310
)
  
(1,558
)
  
(1,096
)
Income tax provision (benefit)
  
49
   
5
   
   
   
39
   
46
   
(186
)
  
1
 
Loss from continuing operations
  
(2,071
)
  
(852
)
  
(1,408
)
  
(1,635
)
  
(3,607
)
  
(1,356
)
  
(1,372
)
  
(1,097
)
(Loss) income from discontinued operations, net
  
(2
)
  
(1
)
  
(3
)
  
(8
)
  
(7
)
  
(76
)
  
300
   
2
 
Net loss
 
$
(2,073
)
 
$
(853
)
 
$
(1,411
)
 
$
(1,643
)
 
$
(3,614
)
 
$
(1,432
)
 
$
(1,072
)
 
$
(1,095
)
Weighted average shares issued and outstanding:
                                
Basic and Diluted
  
16,642
   
16,642
   
16,642
   
16,642
   
17,112
   
16,951
   
16,928
   
18,200
 
Performance ratios:
                                
Return on average assets
  
(2.13
)%
  
(0.87
)%
  
(1.31
)%
  
(1.56
)%
  
(3.75
)%
  
(1.44
)%
  
(0.94
)%
  
(0.91
)%
Return on average shareholders' equity
  
(3.14
)%
  
(1.27
)%
  
(2.08
)%
  
(2.38
)%
  
(5.06
)%
  
(1.95
)%
  
(1.33
)%
  
(1.26
)%
Total ending equity to total ending assets
  
66.57
%
  
69.16
%
  
68.15
%
  
58.65
%
  
74.09
%
  
74.20
%
  
73.75
%
  
67.86
%
Total average equity to total average assets
  
67.86
%
  
68.65
%
  
63.01
%
  
65.55
%
  
74.15
%
  
73.97
%
  
70.45
%
  
72.23
%
Per share of common stock data:
                                
(Loss) earnings per share—Basic & Diluted:
                                
Continuing operations(1)
 
$
(0.12
)
 
$
(0.05
)
 
$
(0.08
)
 
$
(0.10
)
 
$
(0.21
)
 
$
(0.08
)
 
$
(0.08
)
 
$
(0.06
)
Discontinued operations(1)
 
$
0.00
  
$
0.00
  
$
0.00
  
$
0.00
  
$
0.00
  
$
0.00
  
$
0.02
  
$
0.00
 
Loss per share—Basic & Diluted
 
$
(0.12
)
 
$
(0.05
)
 
$
(0.08
)
 
$
(0.10
)
 
$
(0.21
)
 
$
(0.08
)
 
$
(0.06
)
 
$
(0.06
)
Book value per share
 
$
3.92
  
$
4.02
  
$
4.05
  
$
4.11
  
$
4.08
  
$
4.31
  
$
4.37
  
$
4.77
 
 
                                
Average balance sheet data:
                                
Total assets
 
$
97,308
  
$
97,799
  
$
107,815
  
$
105,446
  
$
96,305
  
$
99,414
  
$
114,147
  
$
120,467
 
Total liabilities
 
$
31,278
  
$
30,662
  
$
39,884
  
$
36,328
  
$
24,896
  
$
25,874
  
$
33,729
  
$
33,448
 
Total shareholders' equity
 
$
66,031
  
$
67,137
  
$
67,932
  
$
69,119
  
$
71,409
  
$
73,540
  
$
80,418
  
$
87,019
 
Market price per share of common stock:
                                
High
 
$
4.93
  
$
5.13
  
$
5.36
  
$
4.36
  
$
5.63
  
$
6.00
  
$
6.34
  
$
6.05
 
Low
 
$
3.88
  
$
3.90
  
$
3.99
  
$
3.42
  
$
3.26
  
$
4.50
  
$
5.06
  
$
4.81
 
(1)The sum of quarterly per share amounts may not equal annual per share amounts as the quarterly calculations are based on varying number of shares of common stock.