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19. Quarterly information (unaudited)
Set forth below are selected quarterly income statement data for the fiscal years ended September 30, 2012 and 2011. 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.
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Quarter Ended
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Dec. 31,
2011
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March 31,
2012
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June 30,
2012
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Sept. 30,
2012
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|
|
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(In thousands, except per share data)
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|
Fiscal Year 2012
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|
|
|
|
|
|
|
|
|
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Revenue:
|
|
|
|
|
|
|
|
|
|
|
Health Services
|
|
$
|
158,043
|
|
$
|
161,170
|
|
$
|
170,403
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|
$
|
181,564
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|
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Human Services
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|
81,560
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|
82,282
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|
95,950
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|
119,172
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Total revenue
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|
239,603
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|
243,452
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|
266,353
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|
300,736
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|
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Gross profit
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59,847
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|
64,766
|
|
78,701
|
|
84,629
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|
|
Selling, general and administrative expenses
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|
32,756
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|
37,959
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|
43,877
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|
42,810
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Operating income from continuing operations:
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|
|
|
|
|
|
|
|
|
Health Services
|
|
16,783
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|
18,202
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|
25,652
|
|
19,982
|
|
|
Human Services
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|
10,308
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|
8,605
|
|
9,187
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|
21,822
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|
|
Consolidating adjustments
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|
—
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|
—
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|
(15
|
)
|
15
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|
|
Acquisition-related expenses
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|
—
|
|
233
|
|
1,877
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|
766
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|
|
Legal and settlement expenses (recovery), net
|
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186
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|
(824
|
)
|
(352
|
)
|
1,080
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|
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Operating income from continuing operations
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|
26,905
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|
27,398
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|
33,299
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|
39,973
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Discontinued operations, net of income taxes
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|
|
|
|
|
|
|
|
|
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Income/(loss) from discontinued operations
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—
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|
—
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|
—
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|
—
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Loss on disposal
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46
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|
62
|
|
9
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|
(83
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)
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Loss from discontinued operations
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|
46
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|
62
|
|
9
|
|
(83
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)
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Net income
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$
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17,704
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$
|
14,273
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$
|
20,485
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|
$
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23,671
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Basic earnings per share:
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|
|
|
|
|
|
|
|
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Income from continuing operations
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$
|
0.52
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$
|
0.42
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|
$
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0.60
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|
$
|
0.70
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|
|
Loss from discontinued operations
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0.01
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|
—
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|
—
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|
—
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|
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Basic earnings per share
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|
$
|
0.53
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|
$
|
0.42
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|
$
|
0.60
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|
$
|
0.70
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|
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Diluted earnings per share:
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|
|
|
|
|
|
|
|
|
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Income from continuing operations
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$
|
0.51
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|
$
|
0.41
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|
$
|
0.59
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|
$
|
0.68
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|
|
Loss from discontinued operations
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|
—
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|
—
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|
—
|
|
—
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|
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Diluted earnings per share
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|
$
|
0.51
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|
$
|
0.41
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|
$
|
0.59
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|
$
|
0.68
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|
|
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Quarter Ended
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|
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Dec. 31,
2010
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March 31,
2011
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June 30,
2011
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|
Sept. 30,
2011
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|
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(In thousands, except per share data)
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|
|
Fiscal Year 2011
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|
|
|
|
|
|
|
|
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Revenue:
|
|
|
|
|
|
|
|
|
|
|
Health Services
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|
$
|
130,011
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|
$
|
137,779
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|
$
|
141,788
|
|
$
|
156,303
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|
|
Human Services
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|
84,103
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|
89,337
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|
96,508
|
|
93,804
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|
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Total revenue
|
|
214,114
|
|
227,116
|
|
238,296
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|
250,107
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|
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Gross profit
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55,959
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|
63,066
|
|
66,399
|
|
68,227
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|
|
Selling, general and administrative expenses
|
|
28,667
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|
33,572
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|
35,259
|
|
34,560
|
|
|
Operating income from continuing operations:
|
|
|
|
|
|
|
|
|
|
|
Health Services
|
|
18,823
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|
19,352
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|
15,923
|
|
20,617
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|
|
Human Services
|
|
8,503
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|
10,123
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|
14,908
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|
13,288
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|
|
Consolidating adjustments
|
|
(34
|
)
|
19
|
|
309
|
|
(238
|
)
|
|
Legal and settlement expense (recovery), net
|
|
—
|
|
—
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|
361
|
|
(1,169
|
)
|
|
Operating income from continuing operations
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|
27,292
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|
29,494
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|
30,779
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|
34,836
|
|
|
Discontinued operations, net of income taxes
|
|
|
|
|
|
|
|
|
|
|
Income/(loss) from discontinued operations
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|
—
|
|
(265
|
)
|
(65
|
)
|
197
|
|
|
Loss on disposal
|
|
(105
|
)
|
(554
|
)
|
(3
|
)
|
(179
|
)
|
|
Loss from discontinued operations
|
|
(105
|
)
|
(819
|
)
|
(68
|
)
|
18
|
|
|
Net income
|
|
$
|
17,482
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|
$
|
18,219
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|
$
|
19,892
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|
$
|
25,575
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|
|
Basic earnings per share:
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations
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|
$
|
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
|
|
|