Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenue $ 113,083 $ 46,348
Cost of revenue:    
Contract costs 100,415 48,226
Asset impairments   7,690
Total cost of revenue 100,415 55,916
Gross profit (loss) 12,668 (9,568)
General and administrative expenses 2,612 1,936
Operating income (loss) 10,056 (11,504)
Other income (expense):    
Interest expense (96) (22)
Interest income 248 15
Other 63  
Nonoperating Income (Expense), Total 215 (7)
Income (loss) before income taxes 10,271 (11,511)
Income taxes 3,492 (4,547)
Net income (loss) $ 6,779 $ (6,964)
Per share data:    
Basic earnings (loss) per share-common shareholders $ 0.47 $ (0.49)
Diluted earnings (loss) per share-common shareholders $ 0.47 $ (0.49)
Weighted-average shares 14,381 14,344
Effect of dilutive securities: employee stock options 27  
Adjusted weighted-average shares 14,408 14,344
Cash dividend declared per common share $ 0.10 $ 0.06