GROWTH THROUGH TECHNOLOGY
AND TEAMWORK

                                           1996 ANNUAL REPORT

Notes to Consolidated Financial Statements

10. Quarterly Results (Unaudited)

 

The following table presents summarized quarterly financial information for the years ended December 31, 1995 and 1996:

Net Income Fully Diluted
Income Before (Loss) Primary Income Income
Revenues Income Taxes (As Restated) Per Share Per Share
--------------- --------------- ------------------- --------------- ---------------
1995
First Quarter $ 6,258,588 $ 676,434 $ 524,600 $          .08 $          .08
Second Quarter 6,564,910 965,448 731,275 .11 .11
Third Quarter 7,048,934 1,737,763 1,264,556 .12 .12
Fourth Quarter 9,058,613 3,514,892 2,392,081 .19 .16
--------------- --------------- --------------- --------------- ---------------
   Total $ 28,931,045 $ 6,894,537 $ 4,912,512 $        .54 $         .54
========== ========== ========== ========== ==========
1996
First Quarter $ 11,188,847 $ 4,561,523 $ 3,082,381 $          .25 $          .22
Second Quarter 12,557,891 5,480,944 3,678,316 .29 .25
Third Quarter 15,432,193 7,178,573 4,641,953 .33 .31
Fourth Quarter 21,589,301 11,564,743 7,622,800 .50 .50
--------------- --------------- --------------- --------------- ---------------
   Total $ 60,768,232 $ 28,785,783 $ 19,025,450 $    1.40 $     1.37
========== ========== ========== ========== ==========

 

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