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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Laboratory services:        
Drugs-of-abuse testing services $ 11,709 $ 10,806 $ 22,287 $ 20,446
Clinical & other laboratory services:        
Other clinical and laboratory services 5,848 5,292 11,334 10,032
Net patient services, less provision for bad debts of $869 and $1,607 for the three and six months ended June 30, 2012, respectively, and $990 and $1,629 for the three and six months ended June 30, 2011, respectively 3,736 2,851 7,435 5,447
Total Clinical & other laboratory services 9,584 8,143 18,769 15,479
Clinical trial services 2,148 2,323 4,522 4,859
Product sales 6,536 5,659 12,979 11,244
Total revenues 29,977 26,931 58,557 52,028
COST OF REVENUES:        
Cost of services 14,843 13,623 28,893 26,575
Cost of sales 2,503 2,222 5,177 4,555
Total cost of revenues 17,346 15,845 34,070 31,130
GROSS PROFIT 12,631 11,086 24,487 20,898
OPERATING EXPENSES:        
Selling, general and administrative 9,993 8,291 18,800 16,276
Research and development 755 622 1,444 1,216
Total operating expenses 10,748 8,913 20,244 17,492
INCOME FROM OPERATIONS 1,883 2,173 4,243 3,406
OTHER INCOME (EXPENSE):        
Interest expense 0 (18) 0 (42)
Other income 70 57 66 73
Total other income (expense) 70 39 66 31
INCOME BEFORE INCOME TAX EXPENSE 1,953 2,212 4,309 3,437
INCOME TAX EXPENSE (713) (808) (1,573) (1,255)
NET INCOME $ 1,240 $ 1,404 $ 2,736 $ 2,182
BASIC EARNINGS PER COMMON SHARE $ 0.14 $ 0.16 $ 0.31 $ 0.25
DILUTED EARNINGS PER COMMON SHARE $ 0.14 $ 0.16 $ 0.30 $ 0.24
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING:        
Basic 8,901,618 8,847,870 8,888,702 8,849,042
Diluted 9,126,327 9,052,714 9,099,698 9,048,185