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Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)

NOTE 15. QUARTERLY FINANCIAL DATA (UNAUDITED)

 

 

 

Quarter ended

 

 

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

 

2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

 

$

508,912

 

 

$

525,006

 

 

$

555,951

 

 

$

603,662

 

 

Insurance costs

 

 

381,157

 

 

 

400,195

 

 

 

428,184

 

 

 

476,779

 

 

Operating income

 

 

25,277

 

 

 

20,029

 

 

 

21,246

 

 

 

20,239

 

 

Net income

 

 

1,540

 

 

 

6,221

 

 

 

725

 

(1)

 

7,011

 

 

Basic net income per share

 

 

0.03

 

 

 

0.09

 

 

 

0.01

 

 

 

0.10

 

 

Diluted net income per share

 

 

0.03

 

 

 

0.09

 

 

 

0.01

 

 

 

0.10

 

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

 

$

351,070

 

 

$

363,432

 

 

$

448,117

 

 

$

481,656

 

 

Insurance costs

 

 

253,912

 

 

 

269,217

 

 

 

343,464

 

 

 

359,992

 

 

Operating income

 

 

21,583

 

 

 

13,932

 

 

 

7,287

 

 

 

23,535

 

 

Net income

 

 

10,537

 

 

 

4,343

 

 

 

(7,740

)

(2)

 

6,007

 

(2)

Basic net income per share

 

 

0.22

 

 

 

0.09

 

 

 

(0.60

)

 

 

0.11

 

 

Diluted net income per share

 

 

0.20

 

 

 

0.08

 

 

 

(0.60

)

 

 

0.11

 

 

    

(1)

Included in the results of the third quarter of 2014 is the write-off of debt issuance costs and pre-payment premium as a result of the Company’s amended and restated first lien credit facility. Please read Note 8, “Notes Payable and Borrowings Under Capital Leases,” for additional information

(2)

Includes the acquisition of Ambrose Employer Group, LLC during the third and fourth quarter of 2013. Please read Note 4, “Business Combinations,” for additional information.