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Selected Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2013
Selected Quarterly Financial Data (Unaudited)  
Selected Quarterly Financial Data (Unaudited)

11. Selected Quarterly Financial Data (Unaudited)

        The following is a summary of the unaudited quarterly results of operations for the years ended December 31, 2012 and 2013 (in thousands, except per share amounts):

 
   For the Quarter Ended  
 
   March 31,
2012		   June 30,
2012		   September 30,
2012		   December 31,
2012		  

Fiscal Year Ended December 31, 2012

                          

Net revenue:

                          

Managed care and other

   $ 686,059   $ 716,998   $ 711,092   $ 742,950  

Dispensing

     87,154     88,475     87,345     87,324  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total net revenue

     773,213     805,473     798,437     830,274  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Costs and expenses:

                          

Cost of care

     505,293     521,830     516,238     528,529  

Cost of goods sold

     81,038     82,855     81,662     82,859  

Direct service costs and other operating expenses(1)

     136,589     140,333     135,574     145,016  

Depreciation and amortization

     14,781     15,152     15,239     15,316  

Interest expense

     600     576     537     534  

Interest and other income

     (412 )   (857 )   (350 )   (400 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total costs and expenses

     737,889     759,889     748,900     771,854  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Income before income taxes

     35,324     45,584     49,537     58,420  

Provision for income taxes

     14,534     18,611     (16,725 )   21,418  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net income

   $ 20,790   $ 26,973   $ 66,262   $ 37,002  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

Weighted average number of common shares outstanding—basic

     27,199     27,317     27,521     27,505  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

Weighted average number of common shares outstanding—diluted

     27,747     27,717     28,042     28,020  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

Net income per common share—basic:

   $ 0.76   $ 0.99   $ 2.41   $ 1.35  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

Net income per common share—diluted:

   $ 0.75   $ 0.97   $ 2.36   $ 1.32  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

 
   For the Quarter Ended  
 
   March 31,
2013(3)		   June 30,
2013(3)		   September 30,
2013(3)		   December 31,
2013		  

Fiscal Year Ended December 31, 2013

                          

Net revenue:

                          

Managed care and other

   $ 722,589   $ 746,720   $ 770,113   $ 823,627  

PBM and dispensing

     99,172     96,028     103,485     184,583  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total net revenue

     821,761     842,748     873,598     1,008,210  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Costs and expenses:

                          

Cost of care

     525,027     537,630     564,537     605,782  

Cost of goods sold

     93,512     90,175     97,503     174,411  

Direct service costs and other operating expenses(2)

     139,627     144,497     156,834     178,588  

Depreciation and amortization

     16,170     16,946     17,654     21,224  

Interest expense

     610     792     789     809  

Interest and other income

     (353 )   (358 )   (291 )   (983 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total costs and expenses

     774,593     789,682     837,026     979,831  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Income before income taxes

     47,168     53,066     36,572     28,379  

Provision for income taxes

     19,110     21,586     (10,660 )   9,888  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net income

   $ 28,058   $ 31,480   $ 47,232   $ 18,491  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

Weighted average number of common shares outstanding—basic

     27,110     26,829     26,990     27,285  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

Weighted average number of common shares outstanding—diluted

     27,648     27,338     27,704     28,008  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

Net income per common share—basic:

   $ 1.03   $ 1.17   $ 1.75   $ 0.68  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

Net income per common share—diluted:

   $ 1.01   $ 1.15   $ 1.70   $ 0.67  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   
(1)
Includes stock compensation expense of $5,102, $4,365, $4,468 and $3,848 for the quarters ended March 31, June 30, September 30, and December 31, 2012, respectively.

(2)
Includes stock compensation expense of $5,638, $4,602, $4,524 and $6,488 for the quarters ended March 31, June 30, September 30, and December 31, 2013, respectively.

(3)
Certain amounts have been reclassified to conform to the presentation for the quarter ended December 31, 2013.