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Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues        
Health plan services premiums $ 2,578,689 $ 2,487,767 $ 7,818,565 $ 7,379,951
Government contracts 169,811 175,845 527,421 1,221,987
Net investment income 16,355 15,188 63,356 64,114
Administrative service fees and other income 1,854 2,174 16,300 6,974
Divested operations and services revenue 12,863 10,976 25,668 34,446
Total revenues 2,779,572 2,691,950 8,451,310 8,707,472
Expenses        
Health plan services (excluding depreciation and amortization) 2,281,388 2,149,310 6,983,502 6,389,881
Government contracts 151,815 127,884 467,531 1,080,864
General and administrative 222,425 215,952 688,457 822,083
Selling 61,053 57,965 181,004 175,947
Depreciation and amortization 7,907 6,937 22,722 24,066
Interest 8,021 7,774 24,895 23,632
Divested operations and services expenses 17,587 32,873 59,973 133,558
Adjustment to loss on sale of Northeast health plan subsidiaries 0 315 0 (40,822)
Total expenses 2,750,196 2,599,010 8,428,084 8,609,209
Income (loss) from continuing operations before income taxes 29,376 92,940 23,226 98,263
Income tax provision (benefit) 8,898 35,131 5,712 80,268
Income (loss) from continuing operations 20,478 57,809 17,514 17,995
Discontinued operations:        
Income (loss) from discontinued operation, net of tax 0 4,003 (18,452) (6,078)
Gain on sale of discontinued operation, net of tax (2,450) 0 116,990 0
Income (loss) from discontinued operation, net of tax (2,450) 4,003 98,538 (6,078)
Net income (loss) $ 18,028 $ 61,812 $ 116,052 $ 11,917
Net income (loss) per share - basic:        
Income (loss) from continuing operations $ 0.25 $ 0.66 $ 0.21 $ 0.20
Income (loss) from discontinued operation, net of tax $ (0.03) $ 0.05 $ 1.20 $ (0.07)
Net income (loss) per share - basic $ 0.22 $ 0.71 $ 1.41 $ 0.13
Net income (loss) per share - diluted:        
Income (loss) from continuing operations $ 0.25 $ 0.65 $ 0.21 $ 0.20
Income (loss) from discontinued operation, net of tax $ (0.03) $ 0.05 $ 1.18 $ (0.07)
Net income (loss) per share - diluted $ 0.22 $ 0.70 $ 1.39 $ 0.13
Weighted average shares outstanding:        
Basic 81,607 87,675 82,451 90,479
Diluted 82,039 88,874 83,447 91,899