Net service revenues $146,432,996 $96,253,670
Cost of service revenue 68,531,881 46,634,840
Gross margin 77,901,115 49,618,831
General and administrative expenses:
Salaries and benefits 39,941,445 26,546,476
Other 19,031,652 12,966,063
Total general and administrative expenses 58,973,097 39,512,539
Operating income 18,928,018 10,106,292
Interest expense, net (733,833) (650,408)
Income from continuing operations before
income taxes 18,194,185 9,455,885
Income tax expense (6,996,271) (3,711,412)
Net income from continuing operations 11,197,914 5,744,473
Discontinued operations, net of tax of
$63,661 and $45,858 (101,147) (210,995)
Net income $11,096,767 $5,533,478
Per share amounts-basic:
Average shares outstanding 7,111,182 5,412,407
Income from continued operations $1.57 $1.06
Loss from discontinued operations (0.01) (0.04)
Net income $1.56 $1.02
Per share amounts-diluted:
Average shares outstanding 7,298,718 5,602,917
Income from continued operations $1.53 $1.03
Loss from discontinued operations (0.01) (0.04)
Net income $1.52 $0.99
ALMOST FAMILY, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
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