Quarterly Financial Data

12 Months Ended

Dec. 31, 2011

Quarterly Financial Data [Abstract]

Quarterly Financial Data

12. QUARTERLY FINANCIAL DATA (Unaudited)

Quarterly Financial Data (Unaudited)

Summary quarterly results for the two years ended December 31, 2011 are as follows (in thousands, other than share and per share data):

	Three Months Ended
2011	March 31		June 30		September 30		December 31			Full Year
Revenue	$	37,970	$	43,028	$	33,637	$	19,365		$	134,000
Gross profit	$	23,975	$	27,200	$	16,121	$	2,339		$	69,635
Income (loss) from operations	$	20,250	$	23,339	$	11,885	$	(723	)	$	54,751
Income (loss) before income taxes	$	20,331	$	23,403	$	11,775	$	(876	)	$	54,633
Net income	$	19,104	$	9,908	$	8,186	$	861		$	38,059
Basic income per common share	$	0.83	$	0.43	$	0.36	$	0.04		$	1.67
Diluted income per common share	$	0.80	$	0.41	$	0.35	$	0.04		$	1.61
Weighted average common shares outstanding used in computing net income per common share:
Basic		22,993,614		23,031,039		22,822,286		22,561,883			22,852,205
Diluted		23,943,644		23,928,408		23,410,525		23,102,072			23,596,162

	Three Months Ended
2010	March 31		June 30		September 30		December 31		Full Year
Revenue	$	11,516	$	15,787	$	20,522	$	29,537	$	77,362
Gross profit	$	4,153	$	7,225	$	11,099	$	18,680	$	41,157
Income from operations	$	1,543	$	3,944	$	8,140	$	15,067	$	28,694
Income before income taxes	$	1,615	$	3,974	$	8,170	$	15,281	$	29,040
Net income	$	1,575	$	3,888	$	8,296	$	15,352	$	29,111
Basic income per common share	$	0.08	$	0.19	$	0.36	$	0.67	$	1.34
Diluted income per common share	$	0.07	$	0.18	$	0.35	$	0.64	$	1.28
Weighted average common shares outstanding used in computing net income per common share:
Basic		20,244,347		20,790,208		22,923,900		22,945,906		21,726,090
Diluted		21,437,861		21,912,520		23,977,278		23,835,924		22,790,896