XML 29 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Laboratory services:      
Drugs-of-abuse testing services $ 41,343 $ 39,624 $ 36,040
Clinical & other laboratory services 34,852 29,923 22,885
Clinical trial services 9,667 7,500 6,926
Product sales 22,287 20,054 18,257
Total Revenues 108,149 97,101 84,108
COST OF REVENUES:      
Cost of services 54,346 49,036 45,432
Cost of sales 8,968 8,425 7,781
Total Cost of Revenues 63,314 57,461 53,213
GROSS PROFIT 44,835 39,640 30,895
OPERATING EXPENSES:      
Selling, general and administrative 35,144 32,691 26,663
Research and development 2,519 2,261 2,264
Total Operating expenses 37,663 34,952 28,927
INCOME FROM OPERATIONS 7,172 4,688 1,968
OTHER (EXPENSE) INCOME:      
Interest expense (49) (10) (17)
Other (expense) income (112) 167 96
Total other (expense) income (161) 157 79
INCOME BEFORE INCOME TAX EXPENSE 7,011 4,845 2,047
INCOME TAX EXPENSE (2,559) (1,828) (748)
NET INCOME $ 4,452 $ 3,017 $ 1,299
BASIC EARNINGS PER COMMON SHARE $ 0.50 $ 0.35 $ 0.15
WEIGHTED AVERAGE NUMBER OF BASIC SHARES OUTSTANDING 8,853,643 8,715,391 8,536,768
DILUTED EARNINGS PER COMMON SHARE $ 0.49 $ 0.34 $ 0.15
WEIGHTED AVERAGE NUMBER OF DILUTED SHARES OUTSTANDING 9,035,895 8,867,530 8,788,663