Depreciation and
amortization 1,166 904 3,202 2,453
Total operating expenses 58,284 42,769 169,693 121,492
Operating income 5,450 4,282 16,808 14,427
Other (income) expense:
Interest expense 479 103 812 721
Interest income (335) (431) (977) (922)
Income before income taxes 5,306 4,610 16,973 14,628
Provision for income taxes 2,108 1,862 6,879 5,916
Net income $3,198 $2,748 $10,094 $8,712
Earnings (loss) per common
share:
Basic $0.27 $0.23 $0.86 $0.78
Diluted $0.27 $0.22 $0.85 $0.76
Weighted-average number of
common shares outstanding:
Basic 11,654,434 12,163,022 11,689,302 11,241,294
Diluted 12,053,284 12,297,948 11,928,636 11,464,874
The Providence Service Corporation
Consolidated Balance Sheets
(in thousands except share and per share data)
September 30, December 31,
2007 2006
Assets (Unaudited) (Audited)
Current assets:
Cash and cash equivalents $37,724 $40,703
Accounts receivable-billed, net
of allowance of $1.2 million
and $5.3 million 44,720 36,148
Accounts receivable - unbilled 1,506 2,134
Management fee receivable 9,391
'/>"/>
| SOURCE Providence Service Corporation Copyright©2007 PR Newswire. All rights reserved |