LIFE TIME FITNESS, INC. LTM Income Statement

Life time fitness, inc. (LTM)

Income statement / Quarterly

Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenue:
Membership dues
207,822	200,495	208,233	205,164	196,815	189,999	195,657	194,816	186,374	179,663	187,568	184,895	175,470	166,909	171,504	167,013	158,013	149,899	155,288	152,879	145,165	144,832	142,841
Enrollment fees
2,912	2,996	3,086	3,019	3,123	3,374	3,598	3,573	3,396	3,604	3,859	3,929	3,954	4,157	4,403	4,686	5,201	5,849	6,078	6,175	6,324	6,617	6,540
In-center revenue
106,563	100,253	107,936	104,359	98,405	89,037	97,234	97,275	91,971	82,988	90,543	90,118	84,616	73,745	80,741	80,299	73,689	62,984	69,453	68,457	65,532	59,129	60,250
Total center revenue
317,297	303,744	319,255	312,542	298,343	282,410	296,489	295,664	281,741	266,255	281,970	278,942	264,040	244,811	256,648	251,998	236,903	218,732	230,819	227,511	217,021	210,578	209,631
Other revenue
13,835	11,512	17,590	14,022	13,612	8,628	19,522	12,444	9,006	9,068	12,903	9,362	4,407	6,103	8,773	4,696	3,742	4,941	7,493	3,577	2,750	3,742	2,918
Total revenue
331,132	315,256	336,845	326,564	311,955	291,038	316,011	308,108	290,747	275,323	294,873	288,304	268,447	250,914	265,421	256,694	240,645	223,673	238,312	231,088	219,771	214,320	212,549
Operating expenses:
Center operations
193,292	175,929	193,032	194,005	181,377	162,055	180,431	176,798	169,962	152,134	169,521	166,554	160,715	149,436	159,307	156,654	149,552	136,130	145,205	142,151	137,584	127,468	128,871
Advertising and marketing
15,864	11,170	9,611	9,733	12,339	12,366	9,758	9,629	10,959	11,060	8,826	9,689	10,356	9,818	8,940	8,997	8,563	8,158	6,265	5,903	6,772	5,756	6,091
General and administrative
16,358	16,831	15,921	14,496	15,864	13,386	14,531	15,713	15,356	14,525	13,631	13,856	13,703	17,429	12,544	12,112	12,651	15,454	10,563	11,343	10,700	9,669	11,795
Other operating
15,317	21,378	14,804	16,377	14,461	18,020	18,479	15,225	12,834	17,084	14,091	12,761	8,391	12,165	9,392	8,013	5,992	6,398	7,289	5,549	4,308	8,017	4,887
Depreciation and amortization
38,736	39,961	36,654	34,460	32,856	32,608	29,956	30,017	29,262	32,670	29,396	28,861	26,960	25,198	25,358	24,663	23,624	22,928	23,402	23,218	22,765	23,428	22,635
Total operating expenses
279,567	265,269	270,022	269,071	256,897	238,435	253,155	247,382	238,373	227,473	235,465	231,721	220,125	214,046	215,541	210,439	200,382	189,068	192,724	188,164	182,129	174,338	174,279
Income from operations
51,565	49,987	66,823	57,493	55,058	52,603	62,856	60,726	52,374	47,850	59,408	56,583	48,322	36,868	49,880	46,255	40,263	34,605	45,588	42,924	37,642	39,982	38,270
Other income (expense):
Interest expense, net of interest income
-11,166	-14,694	-9,828	-8,652	-9,122	-11,801	-6,436	-6,434	-6,129	-11,365	-6,510	-6,545	-6,277	-4,865	-5,072	-4,697	-5,504	-22,183	-6,792	-6,917	8,097	7,651	7,880
Equity in earnings of affiliate
245	234	255	270	297	296	379	378	346	339	375	395	373	326	346	326	301	270	302	303	301	316	332
Total other expense
-10,921	-14,460	-9,573	-8,382	-8,825	-11,505	-6,057	-6,056	-5,783	-11,026	-6,135	-6,150	-5,904	-4,539	-4,726	-4,371	-5,203	-5,719	-6,490	-6,614	-7,796	-7,335	-7,548
Income before income taxes
40,644	35,527	57,250	49,111	46,233	41,098	56,799	54,670	46,591	36,824	53,273	50,433	42,418	32,329	45,154	41,884	35,060	28,886	39,098	36,310	29,846	32,647	30,722
Provision for income taxes
16,041	13,499	22,849	19,307	18,096	15,795	22,413	21,483	18,490	14,175	21,129	20,141	16,746	12,486	18,163	16,937	14,224	11,292	15,720	14,426	12,010	12,014	12,462
Net income
24,603	22,028	34,401	29,804	28,137	25,303	34,386	33,187	28,101	22,649	32,144	30,292	25,672	19,843	26,991	24,947	20,836	17,594	23,378	21,884	17,836	20,633	18,260
Basic earnings per common share
0.65	0.59	0.91	0.76	0.69	0.62	0.83	0.80	0.68	0.56	0.77	0.73	0.62	0.48	0.67	0.62	0.52	0.44	0.59	0.55	0.45	0.52	0.46
Diluted earnings per common share
0.65	0.58	0.91	0.76	0.69	0.62	0.83	0.80	0.67	0.52	0.77	0.73	0.62	0.48	0.66	0.61	0.51	0.46	0.57	0.53	0.44	0.51	0.46
Weighted average number of common shares outstanding basic (shares)
37,812	37,686	37,755	39,128	40,603	40,994	41,307	41,456	41,295	41,260	41,484	41,462	41,174	40,268	40,421	40,381	40,362	39,673	39,932	39,885	39,746	39,410	39,285
Weighted average number of common shares outstanding diluted (shares)
37,899	37,674	37,913	39,255	40,870	41,010	41,613	41,659	41,646	42,582	41,881	41,750	41,675	41,132	40,868	40,771	40,949	38,346	41,260	41,154	40,780	40,255	39,763