Quarterly Financial Data

12 Months Ended

Dec. 31, 2012

Quarterly Financial Data

16. QUARTERLY FINANCIAL DATA (UNAUDITED)

Summarized quarterly results for the two years ended December 31, 2012 and 2011 are as follows:

	Three Months Ended
2012	March 31		June 30			September 30			December 31			Full Year
Revenues	$	94,383	$	103,800		$	110,078		$	125,538		$	433,799
Operating expenses:
Cost of revenues (exclusive of depreciation and amortization)		60,175		63,803			69,099			77,284			270,361
Selling, general and administrative expenses		17,627		20,711			21,153			26,377			85,868
Depreciation and amortization expense		2,211		2,423			3,040			3,208			10,882
Other operating expenses, net		586		33			50			13			682
Income from operations		13,784		16,830			16,736			18,656			66,006
Interest and other income, net		476		460			486			519			1,941
Foreign exchange gain/(loss)		80		(1,394	)		(635	)		(135	)		(2,084	)
Income before provision for income taxes		14,340		15,896			16,587			19,040			65,863
Provision for income taxes		2,241		2,575			2,522			4,041			11,379
Net income	$	12,099	$	13,321		$	14,065		$	14,999		$	54,484
Comprehensive income	$	13,711	$	10,857		$	16,769		$	15,640		$	56,977
Basic net income per share(1)	$	0.30	$	0.31		$	0.33		$	0.35		$	1.27
Diluted net income per share(1)	$	0.27	$	0.29		$	0.30		$	0.32		$	1.17

(1) Earnings per share amounts for each quarter may not necessarily total to the yearly earnings per share due to the weighting of shares outstanding on a quarterly and year-to-date basis.

	Three Months Ended
2011	March 31			June 30			September 30			December 31			Full Year
Revenues	$	72,802		$	80,176		$	86,423		$	95,127		$	334,528
Operating expenses:
Cost of revenues (exclusive of depreciation and amortization)		45,505			48,816			51,627			59,388			205,336
Selling, general and administrative expenses		13,793			16,805			15,822			18,510			64,930
Depreciation and amortization expense		1,690			1,959			2,083			1,806			7,538
Goodwill impairment loss		—			1,697			—			—			1,697
Other operating expenses, net		2			21			—			(4	)		19
Income from operations		11,812			10,878			16,891			15,427			55,008
Interest and other income, net		187			428			385			422			1,422
Foreign exchange loss		(134	)		(703	)		(2,301	)		(500	)		(3,638	)
Income before provision for income taxes		11,865			10,603			14,975			15,349			52,792
Provision for income taxes		2,123			2,326			1,025			2,965			8,439
Net income	$	9,742		$	8,277		$	13,950		$	12,384		$	44,353
Comprehensive income	$	10,993		$	8,445		$	12,130		$	11,535		$	43,103
Basic net income/(loss) per share(1)	$	0.19		$	(0.41	)	$	0.36		$	0.32		$	0.69
Diluted net income/(loss) per share(1)	$	0.18		$	(0.41	)	$	0.33		$	0.29		$	0.63

(1) Earnings per share amounts for each quarter may not necessarily total to the yearly earnings per share due to the weighting of shares outstanding on a quarterly and year-to-date basis.