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QUARTERLY FINANCIAL DATA (UNAUDITED)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY FINANCIAL DATA (UNAUDITED)

14.

QUARTERLY FINANCIAL DATA (UNAUDITED)

 

 

 

2015

 

 

 

1st

 

 

2nd

 

 

3rd

 

 

4th

 

Operating Results:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

55,054

 

 

$

52,886

 

 

$

63,716

 

 

$

76,963

 

Operating expense:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Network and facilities expense (excluding depreciation

   and amortization)

 

 

22,765

 

 

 

21,295

 

 

 

34,858

 

 

 

46,427

 

Operations

 

 

7,620

 

 

 

7,391

 

 

 

7,955

 

 

 

8,204

 

Sales and marketing

 

 

643

 

 

 

765

 

 

 

690

 

 

 

776

 

General and administrative

 

 

4,555

 

 

 

4,942

 

 

 

4,648

 

 

 

4,363

 

Depreciation and amortization

 

 

2,643

 

 

 

2,600

 

 

 

2,894

 

 

 

3,255

 

Loss (gain) on sale of property and equipment

 

 

33

 

 

 

(149

)

 

 

(4

)

 

 

10

 

Total operating expense

 

 

38,259

 

 

 

36,844

 

 

 

51,041

 

 

 

63,035

 

Income from operations

 

 

16,795

 

 

 

16,042

 

 

 

12,675

 

 

 

13,928

 

Other (income) expense:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense (income)

 

 

16

 

 

 

11

 

 

 

9

 

 

 

(7

)

Other income

 

 

(1,290

)

 

 

 

 

 

 

 

 

 

Total (income) other expense

 

 

(1,274

)

 

 

11

 

 

 

9

 

 

 

(7

)

Income before provision for income taxes

 

 

18,069

 

 

 

16,031

 

 

 

12,666

 

 

 

13,935

 

Provision for income taxes

 

 

6,887

 

 

 

6,031

 

 

 

4,399

 

 

 

5,255

 

Net income

 

$

11,182

 

 

$

10,000

 

 

$

8,267

 

 

$

8,680

 

Per Share Data:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share-net income-basic

 

$

0.33

 

 

$

0.30

 

 

$

0.25

 

 

$

0.26

 

Earnings per common share-net income-diluted

 

$

0.33

 

 

$

0.29

 

 

$

0.24

 

 

$

0.25

 

Weighted average number of shares outstanding-basic

 

 

33,496

 

 

 

33,568

 

 

 

33,620

 

 

 

33,843

 

Weighted average number of shares outstanding-diluted

 

 

33,970

 

 

 

34,033

 

 

 

34,138

 

 

 

34,213

 

 


 

 

 

2014

 

 

 

1st

 

 

2nd

 

 

3rd

 

 

4th

 

Operating Results:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

56,217

 

 

$

54,881

 

 

$

54,045

 

 

$

55,365

 

Operating expense:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Network and facilities expense (excluding depreciation

   and amortization)

 

 

24,890

 

 

 

23,129

 

 

 

23,016

 

 

 

23,960

 

Operations

 

 

7,307

 

 

 

7,202

 

 

 

7,432

 

 

 

7,355

 

Sales and marketing

 

 

676

 

 

 

818

 

 

 

1,048

 

 

 

722

 

General and administrative

 

 

3,800

 

 

 

5,254

 

 

 

3,645

 

 

 

4,141

 

Depreciation and amortization

 

 

3,141

 

 

 

3,010

 

 

 

2,985

 

 

 

2,681

 

(Gain) loss on sale of property and equipment

 

 

 

 

 

(31

)

 

 

2

 

 

 

(31

)

Loss on sale of Americas Data assets

 

 

1,081

 

 

 

 

 

 

 

 

 

 

Total operating expense

 

 

40,895

 

 

 

39,382

 

 

 

38,128

 

 

 

38,828

 

Income from operations

 

 

15,322

 

 

 

15,499

 

 

 

15,917

 

 

 

16,537

 

Other expense (income):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

2

 

 

 

17

 

 

 

18

 

 

 

14

 

Other (income)

 

 

 

 

 

(2

)

 

 

 

 

 

 

Total other expense

 

 

2

 

 

 

15

 

 

 

18

 

 

 

14

 

Income before provision for income taxes

 

 

15,320

 

 

 

15,484

 

 

 

15,899

 

 

 

16,523

 

Provision for income taxes

 

 

6,127

 

 

 

6,036

 

 

 

6,123

 

 

 

6,417

 

Net income

 

$

9,193

 

 

$

9,448

 

 

$

9,776

 

 

$

10,106

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Per Share Data:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share-net income-basic

 

$

0.28

 

 

$

0.29

 

 

$

0.30

 

 

$

0.30

 

Earnings per common share-net income-diluted

 

$

0.28

 

 

$

0.28

 

 

$

0.29

 

 

$

0.30

 

Weighted average number of shares outstanding-basic

 

 

32,273

 

 

 

32,832

 

 

 

33,115

 

 

 

33,316

 

Weighted average number of shares outstanding-diluted

 

 

32,616

 

 

 

33,369

 

 

 

33,343

 

 

 

33,785