Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2011

Quarterly Financial Data (Unaudited)

19. Quarterly Financial Data (Unaudited)

The Company’s quarterly financial information has not been audited but, in management’s opinion, includes all adjustments necessary for a fair presentation.

(in thousands, except per share data)
	Year ended December 31, 2011 Quarterly Data
	First			Second			Third			Fourth
	Quarter			Quarter			Quarter			Quarter
Contract revenue	$	12,322		$	11,257		$	12,549		$	14,998
Operating income (loss)		(287	)		248			975			1,292
Net income (loss)		1,013			(244	)		858			1,174

Basic income (loss) per common share	$	0.05		$	(0.01	)	$	0.05		$	0.06
Diluted income (loss) per common share	$	0.05		$	(0.01	)	$	0.05		$	0.06


	Year ended December 31, 2010 Quarterly Data
	First			Second			Third			Fourth
	Quarter			Quarter			Quarter			Quarter
Contract revenue	$	11,208		$	11,773		$	11,904		$	12,328
Operating income (loss)		453			751			(328	)		(2,108	)
Net income (loss)		449			370			(548	)		(2,520	)

Basic income (loss) per common share	$	0.02		$	0.02		$	(0.03	)	$	(0.13	)
Diluted income (loss) per common share	$	0.02		$	0.02		$	(0.03	)	$	(0.13	)

- Definition

This element can be used to disclose the entire quarterly financial data disclosure in the annual financial statements as a single block of text. The disclosure includes a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. Alternatively, the details of this disclosure can be reported using the elements in this group, or by using other taxonomy elements and applying the appropriate quarterly date and period contexts when creating an instance document. For example, the element for "Interest and Dividend Income, Operating" may be used by financial institutions from the Statement of Income, applying the appropriate quarterly date and period context when creating an instance document.

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