CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Per Share data |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2011 |
Sep. 30, 2010 |
Sep. 30, 2011 |
Sep. 30, 2010 |
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| Revenue | $ 85,827 | $ 60,733 | $ 219,426 | $ 205,282 |
| Cost of revenue: | ||||
| Contract costs | 81,823 | 53,798 | 212,454 | 184,174 |
| Asset impairments | 7,690 | |||
| Total cost of revenue | 81,823 | 53,798 | 220,144 | 184,174 |
| Gross profit (loss) | 4,004 | 6,935 | (718) | 21,108 |
| General and administrative expenses | 1,910 | 1,997 | 5,804 | 6,084 |
| Operating income (loss) | 2,094 | 4,938 | (6,522) | 15,024 |
| Other income (expense): | ||||
| Interest expense | (48) | (19) | (102) | (57) |
| Interest income | 378 | 1,044 | 549 | 2,363 |
| Other | 89 | 23 | 317 | 1,054 |
| Nonoperating Income (Expense), Total | 419 | 1,048 | 764 | 3,360 |
| Income (loss) before income taxes | 2,513 | 5,986 | (5,758) | 18,384 |
| Income taxes | 954 | 2,524 | (2,188) | 6,985 |
| Net income (loss) | $ 1,559 | $ 3,462 | $ (3,570) | $ 11,399 |
| Per share data: | ||||
| Basic earnings (loss) per share-common shareholders | $ 0.11 | $ 0.24 | $ (0.25) | $ 0.79 |
| Diluted earnings (loss) per share-common shareholders | $ 0.11 | $ 0.24 | $ (0.25) | $ 0.79 |
| Weighted-average shares | 14,351 | 14,318 | 14,347 | 14,316 |
| Effect of dilutive securities: employee stock options | 25 | 2 | 9 | |
| Adjusted weighted-average shares | 14,376 | 14,320 | 14,347 | 14,325 |
| Cash dividend declared per common share | $ 0.06 | $ 0.01 | $ 0.18 | $ 0.03 |
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- Definition The charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Costs incurred and are directly related to generating contract revenues. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Income derived from investments in debt securities and on cash and cash equivalents the earnings of which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net result for the period of deducting operating expenses from operating revenues.
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- Definition The aggregate amount of other income amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) profits on securities (net of losses), and (d) miscellaneous other income items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The sum of dilutive potential common shares or units used in the calculation of the diluted per-share or per-unit computation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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