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SELECTED QUARTERLY FINANCIAL DATA
 12 Months Ended
Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
SELECTED QUARTERLY FINANCIAL DATA
SELECTED QUARTERLY FINANCIAL DATA
 
The following table presents certain unaudited quarterly consolidated statement of operations data from continuing operations for each of the eight quarters in the periods ended December 31, 2014 and 2013. The information has been derived from our unaudited financial statements, which have been prepared on substantially the same basis as the audited consolidated financial statements contained in this annual report. We have presented quarterly earnings per share numbers as reported in our earnings releases with amounts related to our discontinued businesses reclassified as discontinued operations. The sum of these quarterly results may differ from annual results due to rounding and the impact of the difference in the weighted shares outstanding for the stand-alone periods. The results of operations for any quarter are not necessarily indicative of the results to be expected for any future period.
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total
 
(unaudited in thousands, except per share data)
Year Ended December 31, 2014
 

 
 

 
 

 
 

 
 

Net revenues
$
143,239

 
$
144,287

 
$
140,383

 
$
139,162

 
$
567,071

Cost of revenue
59,542

 
59,001

 
57,965

 
56,055

 
232,563

Gross profit
83,697

 
85,286

 
82,418

 
83,107

 
334,508

Operating income
10,367

 
10,852

 
3,657

 
4,914

 
29,790

Income from continuing operations
5,270

 
6,133

 
2,646

 
3,394

 
17,443

Loss on discontinued operations
(65
)
 
(118
)
 
(100
)
 
(96
)
 
(379
)
Net income
$
5,205

 
$
6,015

 
$
2,546

 
$
3,298

 
$
17,064

Basic net income (loss) per share:
 

 
 

 
 

 
 

 
 

Continuing operations
$
0.11

 
$
0.13

 
$
0.06

 
$
0.08

 
$
0.38

Discontinued operations
0.00

 
0.00

 
0.00

 
0.00

 
(0.01
)
Net income per share
$
0.11

 
$
0.13

 
$
0.06

 
$
0.07

 
$
0.37

Diluted net income (loss) per share:
 

 
 

 
 

 
 

 
 

Continuing operations
$
0.11

 
$
0.13

 
$
0.06

 
$
0.07

 
$
0.38

Discontinued operations
0.00

 
0.00

 
0.00

 
0.00

 
(0.01
)
Net income per share
$
0.11

 
$
0.13

 
$
0.06

 
$
0.07

 
$
0.37

 
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total
 
(Unaudited in thousands, except per share data)
Year Ended December 31, 2013
 

 
 

 
 

 
 

 
 

Net revenue
$
129,492

 
$
132,178

 
$
130,570

 
$
134,625

 
$
526,865

Cost of revenue
55,507

 
56,856

 
56,203

 
57,428

 
225,994

Gross profit
73,985

 
75,322

 
74,367

 
77,197

 
300,871

Operating income
11,571

 
11,506

 
8,582

 
3,078

 
34,737

Income (loss) from continuing operations
7,181

 
8,108

 
4,845

 
(1,280
)
 
18,854

Loss on discontinued operations
(103
)
 
(133
)
 
(182
)
 
(120
)
 
(538
)
Net income (loss)
$
7,078

 
$
7,975

 
$
4,663

 
$
(1,400
)
 
$
18,316

Basic net income (loss) per share:
 

 
 

 
 

 
 

 
 

Continuing operations
$
0.16

 
$
0.18

 
$
0.10

 
$
(0.03
)
 
$
0.41

Discontinued operations
0.00

 
0.00

 
0.00

 
0.00

 
(0.01
)
Net income (loss) per share
$
0.15

 
$
0.17

 
$
0.10

 
$
(0.03
)
 
$
0.40

Diluted net income (loss) per share:
 

 
 

 
 

 
 

 
 

Continuing operations
$
0.15

 
$
0.17

 
$
0.10

 
$
(0.03
)
 
$
0.40

Discontinued operations
0.00

 
0.00

 
0.00

 
0.00

 
(0.01
)
Net income (loss) per share
$
0.15

 
$
0.17

 
$
0.10

 
$
(0.03
)
 
$
0.39