Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

 v2.3.0.11
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenue $ 87,251 $ 75,290 $ 133,599 $ 144,549
Cost of revenue:        
Contract costs 82,405 68,555 130,631 130,376
Asset impairments     7,690  
Total cost of revenue 82,405 68,555 138,321 130,376
Gross profit (loss) 4,846 6,735 (4,722) 14,173
General and administrative expenses 1,958 1,990 3,894 4,087
Operating income (loss) 2,888 4,745 (8,616) 10,086
Other income (expense):        
Interest expense (32) (21) (54) (38)
Interest income 156 349 171 1,319
Other 228 285 228 1,031
Nonoperating Income (Expense), Total 352 613 345 2,312
Income (loss) before income taxes 3,240 5,358 (8,271) 12,398
Income taxes 1,405 1,926 (3,142) 4,461
Net income (loss) $ 1,835 $ 3,432 $ (5,129) $ 7,937
Per share data:        
Basic earnings (loss) per share - common shareholders $ 0.13 $ 0.24 $ (0.36) $ 0.55
Diluted earnings (loss) per share - common shareholders $ 0.13 $ 0.24 $ (0.36) $ 0.55
Weighted-average shares 14,348 14,317 14,346 14,315
Effect of dilutive securities: employee stock options 31 11   11
Adjusted weighted-average shares 14,379 14,328 14,346 14,326
Cash dividend declared per common share $ 0.06 $ 0.01 $ 0.12 $ 0.02