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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Laboratory services:        
Drugs-of-abuse testing services $ 10,806 $ 10,160 $ 20,446 $ 18,956
Clinical & other laboratory services 9,133 7,578 17,108 14,468
Clinical trial services 2,323 2,037 4,859 2,870
Product sales 5,659 5,410 11,244 10,052
Total revenues 27,921 25,185 53,657 46,346
COST OF REVENUES:        
Cost of services 13,623 12,551 26,575 23,584
Cost of sales 2,222 2,293 4,555 4,321
Total cost of revenues 15,845 14,844 31,130 27,905
GROSS PROFIT 12,076 10,341 22,527 18,441
OPERATING EXPENSES:        
Selling, general and administrative 9,281 8,231 17,905 15,664
Research and development 622 573 1,216 1,122
Total operating expenses 9,903 8,804 19,121 16,786
INCOME FROM OPERATIONS 2,173 1,537 3,406 1,655
OTHER INCOME (EXPENSE):        
Interest expense (18) 0 (42) (1)
Other income 57 56 73 61
Total other income (expense) 39 56 31 60
INCOME BEFORE INCOME TAX EXPENSE 2,212 1,593 3,437 1,715
INCOME TAX EXPENSE (808) (581) (1,255) (626)
NET INCOME $ 1,404 $ 1,012 $ 2,182 $ 1,089
BASIC EARNINGS PER COMMON SHARE (in dollars per share) $ 0.16 $ 0.12 $ 0.25 $ 0.13
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) $ 0.16 $ 0.11 $ 0.24 $ 0.12
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING:        
Basic (in shares) 8,847,870 8,700,838 8,849,042 8,669,326
Diluted (in shares) 9,052,714 8,963,870 9,048,185 8,907,773