| May'19 | May'18 | May'17 | May'16 | May'15 | May'14 | May'13 | May'12 | May'11 | May'10 | May'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
728,999 | 654,129 | 583,411 | 598,521 | 590,589 | 567,181 | 556,334 | 571,763 | 545,546 | 498,998 | 685,576 |
Direct cost of services, primarily payroll and related taxes for services employees | ||||||||||
446,560 | 408,074 | 362,086 | 366,355 | 362,227 | 351,359 | 342,040 | 352,524 | 335,071 | 303,768 | 422,171 |
Gross margin | ||||||||||
282,439 | 246,055 | 221,325 | 232,166 | 228,362 | 215,822 | 214,294 | 219,239 | 210,475 | 195,230 | 263,405 |
Selling, general and administrative expenses | ||||||||||
223,802 | 209,042 | 183,471 | 174,806 | 173,797 | 172,531 | 168,318 | 170,992 | 172,622 | 182,985 | 212,680 |
Employee portion of contingent consideration | ||||||||||
- | - | - | - | - | - | - | 500 | - | -500 | - |
Contingent consideration adjustment | ||||||||||
- | - | - | - | - | - | - | -33,440 | -25,852 | -1,492 | - |
Amortization of intangible assets | ||||||||||
3,799 | 2,298 | - | 90 | 918 | 1,688 | 1,694 | 3,364 | 5,030 | 3,496 | 1,383 |
Depreciation expense | ||||||||||
4,679 | 4,091 | 3,452 | 3,467 | 3,389 | 3,628 | 4,580 | 5,731 | 7,223 | 8,544 | 8,898 |
Income from operations | ||||||||||
50,159 | 30,624 | 34,402 | 53,803 | 50,258 | 37,975 | 39,702 | 73,092 | 51,452 | -1,787 | 40,444 |
Interest expense | ||||||||||
2,190 | 1,735 | 629 | - | - | - | - | - | - | - | - |
Interest income | ||||||||||
- | - | - | 186 | 148 | 168 | 175 | 252 | 473 | 656 | 1,593 |
Income before income tax (benefit) expense | ||||||||||
47,969 | 28,889 | 33,773 | 53,989 | 50,406 | 38,143 | 39,877 | 73,344 | 51,925 | -1,131 | 42,037 |
Income tax (benefit) expense | ||||||||||
16,499 | 10,063 | 15,122 | 23,546 | 22,898 | 18,257 | 19,373 | 32,202 | 27,070 | 10,618 | 24,273 |
Net income | ||||||||||
31,470 | 18,826 | 18,651 | 30,443 | 27,508 | 19,886 | 20,504 | 41,142 | 24,855 | -11,749 | 17,764 |
Net income per common share: | ||||||||||
Basic (per share) | ||||||||||
1.00 | 0.61 | 0.57 | 0.82 | 0.73 | 0.51 | 0.50 | 0.94 | 0.54 | -0.26 | 0.39 |
Diluted (per share) | ||||||||||
0.98 | 0.60 | 0.56 | 0.81 | 0.72 | 0.51 | 0.50 | 0.94 | 0.53 | -0.26 | 0.39 |
Weighted average common shares outstanding: | ||||||||||
Basic (shares) | ||||||||||
31,596 | 30,741 | 32,851 | 37,037 | 37,825 | 39,216 | 41,108 | 43,541 | 46,124 | 45,894 | 45 |
Diluted (shares) | ||||||||||
32,207 | 31,210 | 33,471 | 37,608 | 38,248 | 39,307 | 41,151 | 43,599 | 46,489 | 45,894 | 45 |
Cash dividends declared per common share | ||||||||||
0.52 | 0.48 | 0.44 | 0.40 | 0.32 | 0.28 | 0.24 | 0.20 | 0.16 | - | - |