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Unaudited Quarterly Financial Results
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Unaudited Quarterly Result
Unaudited Quarterly Results
 
The following tables present unaudited quarterly financial information. In the opinion of the Company’s management, the quarterly information contains all adjustments, consisting only of normal recurring accruals, necessary for a fair presentation thereof. The operating results for any quarter are not necessarily indicative of the results for any future periods.
 
 
Quarter Ended
 
Year Ended Dec. 31,
2016
 
Mar. 31,
 
June 30,
 
Sept. 30,
 
Dec. 31,(1)
 
 
 
(in thousands, except per share amounts)
 
 
Revenues
 
$
582,040

 
$
608,088

 
$
629,401

 
$
620,884

 
$
2,440,413

Gross profit
 
187,782

 
202,086

 
207,120

 
198,195

 
795,183

Income from continuing operations
 
17,348

 
26,013

 
29,775

 
24,060

 
97,196

Income from discontinued operations, net of income taxes
 
53

 
(9
)
 
(7
)
 
(32
)
 
5

Net income
 
$
17,401

 
$
26,004

 
$
29,768

 
$
24,028

 
$
97,201

 
 
 
 
 
 
 
 
 
 
 
Basic earnings per common share:
 
 

 
 

 
 
 
 

 
 
Continuing operations
 
$
0.33

 
$
0.49

 
$
0.56

 
$
0.45

 
$
1.83

Discontinued operations
 
—

 
—

 
—

 
—

 
—

Net income
 
$
0.33

 
$
0.49

 
$
0.56

 
$
0.45

 
$
1.83

 
 
 
 
 
 
 
 
 
 
 
Diluted earnings per common share:
 
 
 
 
 
 
 
 
 
 
Continuing operations
 
$
0.32

 
$
0.48

 
$
0.55

 
$
0.45

 
$
1.81

Discontinued operations
 
—

 
—

 
—

 
—

 
—

Net income
 
$
0.32

 
$
0.48

 
$
0.55

 
$
0.45

 
$
1.81


 
 
Quarter Ended
 
Year Ended Dec. 31,
2015
 
Mar. 31,
 
June 30,
 
Sept. 30,
 
Dec. 31,
 
 
 
(in thousands, except per share amounts)
 
 
Revenues
 
$
430,045

 
$
485,323

 
$
572,123

 
$
577,517

 
$
2,065,008

Gross profit
 
135,875

 
158,534

 
191,404

 
192,932

 
678,745

Income from continuing operations
 
13,023

 
14,335

 
24,891

 
19,173

 
71,422

Income from discontinued operations, net of income taxes
 
26,112

 
(83
)
 
34

 
165

 
26,228

Net income
 
$
39,135

 
$
14,252

 
$
24,925

 
$
19,338

 
$
97,650

 
 
 

 
 

 
 

 
 

 
 
Basic earnings per common share:
 
 
 
 
 
 
 
 
 
 
Continuing operations
 
$
0.25

 
$
0.28

 
$
0.47

 
$
0.36

 
$
1.37

Discontinued operations
 
0.51

 
(0.01
)
 
—

 
0.01

 
0.50

Net income
 
$
0.76

 
$
0.27

 
$
0.47

 
$
0.37

 
$
1.87

 
 
 
 
 
 
 
 
 
 
 
Diluted earnings per common share:
 
 
 
 
 
 
 
 
 
 
Continuing operations
 
$
0.25

 
$
0.27

 
$
0.47

 
$
0.36

 
$
1.35

Discontinued operations
 
0.50

 
—

 
—

 
—

 
0.49

Net income
 
$
0.75

 
$
0.27

 
$
0.47

 
$
0.36

 
$
1.84

 ____
(1)
The fourth quarter of 2016 includes out of period adjustments of $5.6 million for costs of services that were understated in prior quarters. As a result, the fourth quarter of 2016 costs of services are overstated by $5.6 million and gross profit, net income and diluted earnings per common share are understated by $5.6 million, $3.4 million and $0.06, respectively. Prior periods were not revised, as the impact on prior periods is immaterial. These adjustments were the cumulative effect of the immaterial misstatements spanning the previous six quarters. Of the total adjustments, $2.8 million related to 2015.