Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2011

Selected Quarterly Financial Data (Unaudited)

Selected Quarterly Financial Data (Unaudited)

22. Selected Quarterly Financial Data (Unaudited)

        The following are summarized quarterly financial data for the years ended December 31, 2011 and 2010:

	2011									2010
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter			First Quarter			Second Quarter		Third Quarter			Fourth Quarter
	(Dollars in thousands, except per share data)
Revenues	$	20,777	$	16,918	$	20,252	$	16,370		$	21,575		$	29,961	$	14,909		$	19,119
Costs and expenses		14,211		14,785		17,379		22,224			20,466			24,348		18,739			16,997
Equity income (loss) from unconsolidated subsidiaries		1,871		3,283		2,777		(5,700	)		2,229			1,816		9,962			602
Gain on business combinations		—		278		155		—			891			—		—			3,704
Gain on debt extinguishment		—		—		—		26,543			—			—		—			—
Gain on sale of subsidiaries		5		—		—		1,813			—			—		—			—
Income tax expense (benefit)		602		1,024		421		1,655			(486	)		1,205		473			1,060
Earnings from continuing operations		7,840		4,670		5,384		15,147			4,715			6,224		5,659			5,368
Income (loss) from discontinued operations		—		—		—		—			—			4,643		(333	)		(348	)
Net earnings		7,840		4,670		5,384		15,147			4,715			10,867		5,326			5,020
Less: Net income attributable to noncontrolling interests		4,115		2,242		2,654		(187	)		4,614			2,802		2,767			3,242
Net earnings attributable to FirstCity		3,725		2,428		2,730		15,334			101			8,065		2,559			1,778
Less: Net earnings attributable to participating securities		—		—		25		142			—			—		—			—
Net earnings to common stockholders		3,725		2,428		2,705		15,192			101			8,065		2,559			1,778
Basic earnings per share of common stock:
Earnings from continuing operations	$	0.36	$	0.24	$	0.26	$	1.48		$	0.01		$	0.35	$	0.28		$	0.20
Discontinued operations	$	—	$	—	$	—	$	—		$	—		$	0.46	$	(0.03	)	$	(0.03	)
Net earnings	$	0.36	$	0.24	$	0.26	$	1.48		$	0.01		$	0.81	$	0.25		$	0.17
Diluted earnings per share of common stock:
Earnings from continuing operations	$	0.36	$	0.24	$	0.26	$	1.47		$	0.01		$	0.34	$	0.28		$	0.20
Discontinued operations	$	—	$	—	$	—	$	—		$	—		$	0.46	$	(0.03	)	$	(0.03	)
Net earnings	$	0.36	$	0.24	$	0.26	$	1.47		$	0.01		$	0.80	$	0.25		$	0.17