XML 18 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenue $ 1,185,097 $ 1,132,232 $ 1,050,134
Direct Costs 745,137 694,436 654,946
Operating costs and expenses      
Indirect and selling expenses 328,048 329,159 302,020
Depreciation and amortization 16,638 16,222 13,369
Amortization of intangible assets 12,481 17,184 10,437
Total operating costs and expenses 357,167 362,565 325,826
Operating Income 82,793 75,231 69,362
Interest expense (9,470) (10,072) (4,254)
Other income (expense) 1,184 (1,559) (958)
Income Before Income Taxes 74,507 63,600 64,150
Provision for Income Taxes 27,923 24,231 24,120
Net Income $ 46,584 $ 39,369 $ 40,030
Earnings per Share:      
Basic (in dollars per share) $ 2.45 $ 2.04 $ 2.04
Diluted (in dollars per share) $ 2.40 $ 2 $ 2
Weighted-average Common Shares Outstanding:      
Basic (in shares) 18,989 19,335 19,608
Diluted (in shares) 19,416 19,663 19,997
Other comprehensive (loss) income:      
Foreign currency translation adjustments, net of tax $ (4,324) $ (5,010) $ (1,491)
Gain on sale of interest rate hedge agreement, net of tax [1] 2,175
Total other comprehensive loss, net of tax (2,149) (5,010) (1,491)
Comprehensive income, net of tax $ 44,435 $ 34,359 $ 38,539
[1] On December 1, 2016, the Company sold the interest rate hedge agreement. The fair value of the interest rate hedge was recorded in other comprehensive (loss) income and reclassified to earnings when earnings are impacted by the cash flows of the hedged items, the interest payments on the Credit Facility or its replacement from January 31, 2018 to January 31, 2023.