Selected Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2011

Selected Quarterly Financial Information (Unaudited)

Selected Quarterly Financial Information (Unaudited)

(16) Selected Quarterly Financial Information (Unaudited)

	First Quarter		Second Quarter(1)			Third Quarter		Fourth Quarter(2)			Total
	(In thousands, except per share amounts)
Year ended December 31, 2011
Revenues	$	254,913	$	240,987		$	242,165	$	238,861		$	976,926
Gross profit		65,767		49,578			61,186		61,938			238,469
Operating income (loss) from continuing operations		6,594		(27,487	)		5,856		5,035			(10,002	)
Net income (loss) from continuing operations		3,296		(58,973	)		1,380		2,192			(52,105	)
Income (loss) from discontinued operations, net of income tax		900		708			1,784		(18,519	)		(15,127	)
Net income (loss) attributable to CIBER, Inc.		4,123		(58,373	)		3,140		(16,151	)		(67,261	)
Basic and diluted earnings (loss) per share attributable to CIBER, Inc.:
Continuing operations	$	0.05	$	(0.82	)	$	0.02	$	0.03		$	(0.73	)
Discontinued operations		0.01		0.01			0.02		(0.25	)		(0.21	)
Basic and diluted earnings (loss) per share attributable to CIBER, Inc.	$	0.06	$	(0.81	)	$	0.04	$	(0.22	)	$	(0.94	)
Year ended December 31, 2010
Revenues	$	232,673	$	232,940		$	236,970	$	251,215		$	953,798
Gross profit		59,879		59,780			59,227		60,277			239,163
Operating income (loss) from continuing operations		6,590		(82,081	)		6,129		(3,685	)		(73,047	)
Net income (loss) from continuing operations		3,125		(59,968	)		2,900		(1,593	)		(55,536	)
Income (loss) from discontinued operations, net of income tax		175		(21,094	)		464		(1,699	)		(22,154	)
Net income (loss) attributable to CIBER, Inc.		3,525		(80,773	)		3,402		(3,314	)		(77,160	)
Basic and diluted earnings (loss) per share attributable to CIBER, Inc.:
Continuing operations	$	0.05	$	(0.86	)	$	0.04	$	(0.02	)	$	(0.79	)
Discontinued operations		—		(0.30	)		0.01		(0.03	)		(0.32	)
Basic and diluted earnings (loss) per share attributable to CIBER, Inc.	$	0.05	$	(1.16	)	$	0.05	$	(0.05	)	$	(1.11	)

(1)

During the second quarters of 2011 and 2010, we recorded goodwill impairment charges of $16.3 million and $82.0 million, respectively, to write-down the goodwill associated with certain segments in our continuing operations. The goodwill impairment charges in our results from continuing operations resulted in a $4.5 million and a $22.6 million deferred tax benefit in the second quarters of 2011 and 2010, respectively. Additionally, during the second quarter of 2011, we incurred a $29.1 million non-cash charge related to a valuation allowance recorded against our United States deferred tax assets. During the second quarter of 2010, we also recorded a $30.0 million goodwill impairment charge for our Federal division, which resulted in a deferred tax benefit of $8.3 million, which is reflected in the loss from discontinued operations during that period. For more information about the goodwill impairment charges and the deferred tax asset valuation allowance, please refer to Note 8 and Note 11, respectively.

(2)

During the fourth quarter of 2011, we recorded a goodwill impairment charge of $27.4 million and a related $7.5 million deferred tax benefit associated with the Federal division, which is reflected in the loss from discontinued operations during that period. For more information about the goodwill write-down, please refer to Note 8.