QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2012

Quarterly Financial Information Disclosure [Abstract]

The following is a summary of unaudited quarterly results of operations (in thousands, except per share data) for the years ended December 31, 2012 and 2011. Due to rounding of quarterly results, total amounts for each year may differ immaterially from the annual results.



	Quarters Ended
	March 31, 2012 ⁽¹⁾		June 30, 2012		September 30, 2012		December 31, 2012
Operating revenues	$	3,691,967	$	3,517,796	$	3,457,783	$	3,445,817
Operating earnings	276,476		145,203		159,478		178,534
Earnings before income taxes	275,353		151,018		167,078		191,086
Net earnings	170,719		91,743		105,259		119,341
Basic earnings per common share	1.21		0.65		0.79		0.89
Diluted earnings per common share	1.20		0.65		0.78		0.88



	Quarters Ended
	March 31, 2011		June 30, 2011 ⁽²⁾		September 30, 2011		December 31, 2011
Operating revenues	$	3,048,938	$	3,033,046	$	2,975,543	$	3,129,156
Operating earnings	171,473		355,101		192,613		148,943
Earnings before income taxes	170,904		356,341		187,299		143,557
Net earnings	110,233		224,495		122,681		85,696
Basic earnings per common share	0.74		1.51		0.84		0.60
Diluted earnings per common share	0.73		1.50		0.83		0.60

⁽¹⁾

During the quarter ended March 31, 2012, CMS announced which contract years are subject to the CMS RADV audits and other core areas of the audit methodology. As a result of these changes, the Company recorded a non-recurring pre-tax adjustment to earnings of $133.0 million during the first quarter of 2012. See Note A, Organization and Summary of Significant Accounting Policies, to the consolidated financial statements for additional information.


⁽²⁾	On May 27, 2011, the court entered an order of final approval of a settlement and, accordingly, the Company recorded a non-recurring pre-tax adjustment that increased earnings of $159.3 million in the second quarter of 2011.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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