| Schedule of unaudited quarterly financial information |
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Quarter Ended |
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March 31,
2011 |
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June 30,
2011 |
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September 30,
2011(a)
(as adjusted) |
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December 31,
2011 |
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Revenues |
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$ |
63,510 |
|
$ |
67,852 |
|
$ |
84,594 |
|
$ |
108,301 |
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Gross profit(c) |
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|
41,996 |
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|
44,917 |
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|
56,302 |
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|
76,345 |
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Acquisition and integration |
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10 |
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3,195 |
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10,571 |
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|
1,343 |
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Income (loss) from continuing operations(a) |
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|
12,888 |
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|
10,498 |
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(2,697 |
) |
|
5,848 |
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Loss from discontinued operations(b) |
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|
(209 |
) |
|
(285 |
) |
|
(134 |
) |
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(1,425 |
) |
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Net income (loss)(a) |
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$ |
12,679 |
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$ |
10,213 |
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$ |
(2,831 |
) |
$ |
4,423 |
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Basic income (loss) per share |
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Continuing |
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$ |
0.46 |
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$ |
0.38 |
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$ |
(0.10 |
) |
$ |
0.21 |
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Discontinued |
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(0.01 |
) |
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(0.01 |
) |
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— |
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(0.05 |
) |
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Total |
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$ |
0.45 |
|
$ |
0.37 |
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$ |
(0.10 |
) |
$ |
0.16 |
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Diluted income (loss) per share |
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Continuing |
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$ |
0.46 |
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$ |
0.38 |
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$ |
(0.10 |
) |
$ |
0.21 |
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Discontinued |
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|
(0.01 |
) |
|
(0.01 |
) |
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— |
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(0.05 |
) |
| |
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Total |
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$ |
0.45 |
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$ |
0.37 |
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$ |
(0.10 |
) |
$ |
0.16 |
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Quarter Ended |
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March 31,
2010 |
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June 30,
2010 |
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September 30,
2010 |
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December 31,
2010 |
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Revenues |
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$ |
52,331 |
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$ |
58,190 |
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$ |
55,626 |
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$ |
75,181 |
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Gross profit |
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35,619 |
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|
41,192 |
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|
38,678 |
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|
52,609 |
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Acquisition and integration |
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— |
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— |
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|
100 |
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|
169 |
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Income from continuing operations |
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7,878 |
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|
8,830 |
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|
10,040 |
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|
18,554 |
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Income (loss) from discontinued operations(b) |
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|
164 |
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|
170 |
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(140 |
) |
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(3,927 |
) |
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Net income |
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$ |
8,042 |
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$ |
9,000 |
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$ |
9,900 |
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$ |
14,627 |
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| |
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Basic income (loss) per share |
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Continuing |
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$ |
0.32 |
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$ |
0.31 |
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$ |
0.35 |
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$ |
0.66 |
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Discontinued |
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|
0.01 |
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|
0.01 |
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— |
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(0.14 |
) |
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Total |
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$ |
0.33 |
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$ |
0.32 |
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$ |
0.35 |
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$ |
0.52 |
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Diluted income (loss) per share |
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Continuing |
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$ |
0.31 |
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$ |
0.31 |
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$ |
0.35 |
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$ |
0.65 |
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Discontinued |
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|
0.01 |
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|
0.01 |
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(0.01 |
) |
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(0.14 |
) |
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Total |
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$ |
0.32 |
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$ |
0.32 |
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$ |
0.34 |
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$ |
0.51 |
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- (a)
- Our third quarter 2011 amortization expense decreased by $2.2 million from retrospectively adjusting the fair value of the acquired intangible assets as of the acquisition date. We also increased general and administrative expense by $0.5 million for additional stock based compensation which had been estimated based on preliminary information. These two adjustments, net of the related $0.5 million increase in income tax expense, increased our third quarter net income by $1.2 million as compared to what was previously reported.
- (b)
- The fourth quarter of 2011 and 2010 include charges of $1.8 million and $5.9 million, respectively, relating to impairments of our Springbox unit. See Note 10.
- (c)
- The fourth quarter of 2011 includes a $0.9 million credit for the reversal of an earnout liability related to Match Point.
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