Annual report pursuant to Section 13 and 15(d)

Quarterly Information (Unaudited)

v2.3.0.15
Quarterly Information (Unaudited)
12 Months Ended
Sep. 30, 2011
Quarterly Information (Unaudited)  
Quarterly Information (Unaudited)

19. Quarterly Information (Unaudited)

 

Set forth below are selected quarterly income statement data for the fiscal years ended September 30, 2011 and 2010. The Company derived this information from unaudited quarterly financial statements that include, in the opinion of Company’s management, all adjustments necessary for a fair presentation of the information for such periods. Results of operations for any fiscal quarter are not necessarily indicative of results for any future period.

 

Earnings per share amounts are computed independently each quarter. As a result, the sum of each quarter’s earnings per share amount may not equal the total earnings per share amount for the respective year. All common stock share and per share amounts have been adjusted for the two-for-one stock split in June 2011.

 

 

 

Quarter Ended

 

 

 

Dec. 31,
2010

 

March 31,
2011

 

June 30,
2011

 

Sept. 30,
2011

 

 

 

(In thousands, except per share data)

 

Fiscal Year 2011

 

 

 

 

 

 

 

 

 

Revenue:

 

 

 

 

 

 

 

 

 

Health Services

 

$

130,011

 

$

137,779

 

$

141,788

 

$

156,303

 

Human Services

 

84,103

 

89,337

 

96,508

 

93,804

 

Total revenue

 

214,114

 

227,116

 

238,296

 

250,107

 

Gross profit

 

55,959

 

63,066

 

66,399

 

68,227

 

Selling, general and administrative expenses

 

28,667

 

33,572

 

35,259

 

34,560

 

Operating income from continuing operations:

 

 

 

 

 

 

 

 

 

Health Services

 

18,823

 

19,352

 

15,923

 

20,617

 

Human Services

 

8,503

 

10,123

 

14,908

 

13,288

 

Consolidating adjustments

 

(34

)

19

 

309

 

(238

)

Legal and settlement recovery (expense), net

 

—

 

—

 

(361

)

1,169

 

Operating income from continuing operations

 

27,292

 

29,494

 

30,779

 

34,836

 

Discontinued operations, net of income taxes

 

 

 

 

 

 

 

 

 

Income/(loss) from discontinued operations

 

—

 

(265

)

(65

)

197

 

Loss on disposal

 

(105

)

(554

)

(3

)

(179

)

Loss from discontinued operations

 

(105

)

(819

)

(68

)

18

 

Net income

 

$

17,482

 

$

18,219

 

$

19,892

 

$

25,575

 

Basic earnings per share:

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

0.51

 

$

0.55

 

$

0.58

 

$

0.75

 

Loss from discontinued operations

 

—

 

(0.02

)

(0.01

)

—

 

Basic earnings per share

 

$

0.51

 

$

0.53

 

$

0.57

 

$

0.75

 

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

0.50

 

$

0.54

 

$

0.56

 

$

0.73

 

Loss from discontinued operations

 

(0.01

)

(0.03

)

—

 

—

 

Diluted earnings per share

 

$

0.49

 

$

0.51

 

$

0.56

 

$

0.73

 

 

 

 

Quarter Ended

 

 

 

Dec. 31,
2009

 

March 31,
2010

 

June 30,
2010

 

Sept. 30,
2010

 

 

 

(In thousands, except per share data)

 

Fiscal Year 2010

 

 

 

 

 

 

 

 

 

Revenue:

 

 

 

 

 

 

 

 

 

Health Services

 

$

130,640

 

$

127,279

 

$

127,307

 

$

129,032

 

Human Services

 

72,680

 

77,107

 

84,220

 

83,484

 

Total revenue

 

203,320

 

204,386

 

211,527

 

212,516

 

Gross profit

 

52,175

 

50,551

 

57,013

 

61,094

 

Selling, general and administrative expenses

 

27,429

 

28,787

 

31,658

 

30,904

 

Operating income from continuing operations:

 

 

 

 

 

 

 

 

 

Health Services

 

17,508

 

12,723

 

14,509

 

19,985

 

Human Services

 

7,379

 

9,037

 

10,684

 

12,390

 

Consolidating adjustments

 

(141

)

4

 

162

 

(2,185

)

Legal and settlement recovery (expense), net

 

(686

)

6,037

 

—

 

—

 

Operating income from continuing operations

 

24,060

 

27,801

 

25,355

 

30,190

 

Discontinued operations, net of income taxes

 

 

 

 

 

 

 

 

 

Income (loss) from discontinued operations

 

(1,972

)

752

 

1,200

 

1,060

 

Loss on disposal

 

—

 

—

 

—

 

(28

)

Income (loss) from discontinued operations

 

(1,972

)

752

 

1,200

 

1,032

 

Net income

 

$

12,628

 

$

18,743

 

$

17,325

 

$

21,713

 

Basic earnings per share:

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

0.41

 

$

0.52

 

$

0.46

 

$

0.60

 

Income (loss) from discontinued operations

 

(0.05

)

0.02

 

0.04

 

0.03

 

Basic earnings per share

 

$

0.36

 

$

0.54

 

$

0.50

 

$

0.63

 

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

0.40

 

$

0.50

 

$

0.45

 

$

0.58

 

Income (loss) from discontinued operations

 

(0.05

)

0.02

 

0.03

 

0.03

 

Diluted earnings per share

 

$

0.35

 

$

0.52

 

$

0.48

 

$

0.61