Providence Service Corporation Releases Second Quart...(rvices $65385 $514...),Health

Foster care services 7,566 5,882 14,518 11,522

Management fees 5,425 4,993 10,668 9,778

Non-emergency

transportation services 94,649 - 190,223 -

173,025 62,311 346,690 122,766

Operating expenses:

Client service expense 62,172 47,593 123,656 94,395

Cost of non-emergency

transportation services 87,459 - 173,706 -

General and

administrative expense 10,100 7,659 21,766 14,977

Depreciation and

amortization 3,166 1,028 6,486 2,036

Total operating expenses 162,897 56,280 325,614 111,408

Operating income 10,128 6,031 21,076 11,358

Other (income) expense:

Interest expense 4,709 222 9,995 333

Interest income (241) (280) (599) (643)

Income before income taxes 5,660 6,089 11,680 11,668

Provision for income taxes 2,222 2,513 4,538 4,772

Net income $3,438 $3,576 $7,142 $6,896

Earnings per share:

Basic $0.27 $0.31 $0.57 $0.59

Diluted $0.27 $0.30 $0.56 $0.58

Weighted-average number of

common shares

outstanding:

Basic 12,519,527 11,585,996 12,484,331 11,707,025

Diluted 12,693,880 11,778,785 12,677,379 11,864,204

The Providence Service Corporation

Consolidated Balance Sheets

(in thousands exce
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