Quarterly Results Of Operations

12 Months Ended

Dec. 31, 2012

Quarterly Results Of Operations [Abstract]

Quarterly Results Of Operations

NOTE 10 – Quarterly Results of Operations (Unaudited)

The following is a summary of quarterly results of operations (unaudited) for the years ended December 31, 2012 and 2011 (in thousands of dollars, except per share amounts):

	Quarter Ended
	March 31		June 30		Sept. 30		Dec. 31
2012
Royalties	$	7,000	$	7,306	$	5,178	$	4,536
Interest and other income		31		23		45		37
Total revenues		7,031		7,329		5,223		4,573
Expenses		1,062		1,050		956		1,020
Net income	$	5,969	$	6,279	$	4,267	$	3,553
Earnings per share	$	3.98	$	4.19	$	2.84	$	2.37
2011
Royalties	$	5,415	$	6,543	$	6,473	$	8,184
Interest and other income		34		29		21		40
Total revenues		5,449		6,572		6,494		8,224
Expenses		954		919		838		980
Net income	$	4,495	$	5,653	$	5,656	$	7,244
Earnings per share	$	3.00	$	3.77	$	3.77	$	4.83