2012 Form 10-K Financial Statement

#000115752313001043 Filed on February 26, 2013

View on sec.gov

Income Statement

Concept 2012 2011 Q4 2011 Q3
Revenue $161.7M $33.57M $40.03M
YoY Change 13.31% 8.99% 6.47%
Cost Of Revenue $110.4M $27.40M $27.76M
YoY Change 7.02% 12.3% 10.15%
Gross Profit $51.26M $7.200M $12.27M
YoY Change 29.77% 12.5% -1.02%
Gross Profit Margin 31.7% 21.45% 30.66%
Selling, General & Admin $9.600M $1.000M $800.0K
YoY Change 209.68%
% of Gross Profit 18.73% 13.89% 6.52%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $34.87M $7.700M $8.400M
YoY Change 16.99% 10.0% 23.53%
% of Gross Profit 68.03% 106.94% 68.44%
Operating Expenses $40.30M $9.900M $9.500M
YoY Change 15.47% 41.43% 41.79%
Operating Profit $7.330M -$2.700M $2.971M
YoY Change 59.35% 350.0% -47.89%
Interest Expense $14.91M -$3.200M $3.337M
YoY Change -187.7% -52.94% -149.08%
% of Operating Profit 203.4% 112.35%
Other Income/Expense, Net -$15.01M -$3.337M
YoY Change
Pretax Income -$7.675M -$6.000M -$366.4K
YoY Change -40.04% -57.45% -71.81%
Income Tax -$728.0K -$2.800M -$1.688K
% Of Pretax Income
Net Earnings -$1.076M -$2.200M $30.24K
YoY Change -89.64% -84.29% -102.33%
Net Earnings / Revenue -0.67% -6.55% 0.08%
Basic Earnings Per Share
Diluted Earnings Per Share -$32.64K -$80.59K $0.00
COMMON SHARES
Basic Shares Outstanding 33.72M shares 27.28M shares
Diluted Shares Outstanding 33.85M shares 27.28M shares

Balance Sheet

Concept 2012 2011 Q4 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $14.00M $10.50M $17.10M
YoY Change 33.33% 31.25%
Cash & Equivalents $14.00M $10.54M $17.10M
Short-Term Investments
Other Short-Term Assets $700.0K $4.300M $2.200M
YoY Change 75.0% 152.94%
Inventory
Prepaid Expenses
Receivables $5.500M $3.400M $5.500M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $20.20M $18.20M $24.80M
YoY Change 36.49% 7.06%
LONG-TERM ASSETS
Property, Plant & Equipment $734.4M $498.9M $493.9M
YoY Change 47.2% 11.93%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $10.30M $0.00
YoY Change
Other Assets $24.80M $12.60M $10.60M
YoY Change 54.04% 110.0%
Total Long-Term Assets $790.6M $535.8M $528.4M
YoY Change 46.62% 12.56%
TOTAL ASSETS
Total Short-Term Assets $20.20M $18.20M $24.80M
Total Long-Term Assets $790.6M $535.8M $528.4M
Total Assets $810.8M $554.0M $553.2M
YoY Change 46.35% 12.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.000M $1.700M $900.0K
YoY Change 194.12% 6.25%
Accrued Expenses $19.00M $15.80M $15.40M
YoY Change 20.25% 42.34%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $24.00M $17.50M $16.30M
YoY Change 37.14% 37.8%
LONG-TERM LIABILITIES
Long-Term Debt $312.6M $217.1M $257.6M
YoY Change 43.99% -48.36%
Other Long-Term Liabilities $600.0K $0.00
YoY Change
Total Long-Term Liabilities $313.2M $217.1M $257.6M
YoY Change 44.27% -48.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $24.00M $17.50M $16.30M
Total Long-Term Liabilities $313.2M $217.1M $257.6M
Total Liabilities $374.0M $234.6M $317.3M
YoY Change 35.61% -45.64%
SHAREHOLDERS EQUITY
Retained Earnings -$11.02M
YoY Change
Common Stock $273.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $436.8M $278.2M $235.9M
YoY Change
Total Liabilities & Shareholders Equity $810.8M $554.0M $553.2M
YoY Change 46.35% 12.37%

Cashflow Statement

Concept 2012 2011 Q4 2011 Q3
OPERATING ACTIVITIES
Net Income -$1.076M -$2.200M $30.24K
YoY Change -89.64% -84.29% -102.33%
Depreciation, Depletion And Amortization $34.87M $7.700M $8.400M
YoY Change 16.99% 10.0% 23.53%
Cash From Operating Activities $34.70M $4.200M $8.600M
YoY Change 43.72% -800.0% 168.75%
INVESTING ACTIVITIES
Capital Expenditures -$217.1M $21.30M -$22.50M
YoY Change 334.2% 2562.5% 3650.0%
Acquisitions $216.9M
YoY Change 333.64%
Other Investing Activities -$15.90M -$34.50M $0.00
YoY Change -52.54% 1816.67%
Cash From Investing Activities -$233.0M -$13.30M -$22.40M
YoY Change 179.09% 1230.0% 3633.33%
FINANCING ACTIVITIES
Cash Dividend Paid $23.07M
YoY Change 20.09%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 201.7M 2.400M 1.400M
YoY Change 225.92% -233.33% -153.85%
NET CHANGE
Cash From Operating Activities 34.70M 4.200M 8.600M
Cash From Investing Activities -233.0M -13.30M -22.40M
Cash From Financing Activities 201.7M 2.400M 1.400M
Net Change In Cash 3.443M -6.700M -12.40M
YoY Change 34.49% 97.06% 10651518894080000000.0%
FREE CASH FLOW
Cash From Operating Activities $34.70M $4.200M $8.600M
Capital Expenditures -$217.1M $21.30M -$22.50M
Free Cash Flow $251.8M -$17.10M $31.10M
YoY Change 239.6% 1121.43% 718.42%

Facts In Submission

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IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-4865000
CY2012 us-gaap Income Tax Expense Benefit Continuing Operations
IncomeTaxExpenseBenefitContinuingOperations
-1289000
CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-639000
CY2012 us-gaap Nature Of Operations
NatureOfOperations
<div style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> NOTE 1 - DESCRIPTION OF BUSINESS</font></div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br /></div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Summit Hotel Properties, Inc. (the &#x201C;Company&#x201D;) is a self-advised hotel investment company that was organized on June 30, 2010 as a Maryland corporation. The Company holds both general and limited partnership interests in Summit Hotel OP, LP (the &#x201C;Operating Partnership&#x201D;), a Delaware limited partnership also organized on June 30, 2010. On February 14, 2011, the Company closed on its initial public offering (&#x201C;IPO&#x201D;) of 26,000,000 shares of common stock and a concurrent private placement of 1,274,000 shares of common stock. Effective February 14, 2011, the Operating Partnership and Summit Hotel Properties, LLC (the &#x201C;Predecessor&#x201D;) completed the merger of the Predecessor with and into the Operating Partnership (the &#x201C;Merger&#x201D;). At the effective time of the Merger, the outstanding Class A, Class A-1, Class B, and Class C membership interests in the Predecessor were converted into and cancelled in exchange for, a total of 9,993,992 common units of partnership interest in the Operating Partnership (&#x201C;Common Units&#x201D;), and the members of the Predecessor were admitted as limited partners of the Operating Partnership. Also effective February 14, 2011, The Summit Group, Inc. (&#x201C;The Summit Group&#x201D;), the parent company of the Predecessor, contributed its 36% Class B membership interest in Summit Group of Scottsdale, Arizona LLC (&#x201C;Summit of Scottsdale&#x201D;) to the Operating Partnership in exchange for 74,829 Common Units and an unaffiliated third-party investor contributed its 15% Class C membership interest in Summit of Scottsdale to the Operating Partnership in exchange for 31,179 Common Units. The Predecessor owned 49% of Summit of Scottsdale prior to February 14, 2011. Effective February 14, 2011, the Company contributed the net proceeds of the IPO and the concurrent private placement to the Operating Partnership in exchange for an aggregate of 27,274,000 Common Units, including Common Units representing the sole general partnership interest in the Operating Partnership, which are held by a wholly owned subsidiary of the Company as the sole general partner of the Operating Partnership. Unless the context otherwise requires, &#x201C;we&#x201D; and &#x201C;our&#x201D; refer to the Company and the Operating Partnership collectively.</font></div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#xA0;</font></div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">While the Operating Partnership was the survivor of and the legal acquirer of the Predecessor in the Merger, for accounting and financial reporting purposes, the Predecessor is considered the accounting acquirer in the Merger. As a result, the historical consolidated financial statements of the Predecessor are presented as the historical consolidated financial statements of the Company and the Operating Partnership after completion of the Merger and the contributions of the Class B and C membership interests in Summit of Scottsdale to the Operating Partnership (collectively, the &#x201C;Reorganization Transaction&#x201D;).</font></div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#xA0;</font></div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As a result of the Reorganization Transaction, the Operating Partnership and its subsidiaries acquired sole ownership of the 65 hotels in its initial portfolio. In addition, the Operating Partnership and its subsidiaries assumed the liabilities, including indebtedness, of the Predecessor and its subsidiaries.</font></div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br /></div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">At December 31, 2012, our portfolio consists of 84 upscale, upper midscale and midscale hotels with a total of 9,019 guestrooms located in 21 states. The hotels are leased to subsidiaries (&#x201C;TRS Lessees&#x201D;) of our taxable REIT subsidiaries (&#x201C;TRSs&#x201D;). We indirectly own 100% of the outstanding equity interests in the TRS Lessees.</font></div> </div>
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
201745000
CY2012 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
-51000
CY2012 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
35477000
CY2012 us-gaap Disposal Group Including Discontinued Operation Interest Expense
DisposalGroupIncludingDiscontinuedOperationInterestExpense
179000
CY2012 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.20
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33717000 shares
CY2012 us-gaap Repayments Of Debt
RepaymentsOfDebt
227200000
CY2012 us-gaap Financial Services Costs
FinancialServicesCosts
661000
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure
CY2012 us-gaap Proceeds From Repurchase Of Equity
ProceedsFromRepurchaseOfEquity
178858000
CY2012 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
911000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
47000 shares
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
235000
CY2012 us-gaap Revenues
Revenues
189542000
CY2012 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
433000
CY2012 us-gaap Interest Paid
InterestPaid
15592000
CY2012 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
100000
CY2012 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
29396000
CY2012 us-gaap Real Estate Other Additions
RealEstateOtherAdditions
294310000
CY2012 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
23840000
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1801000
CY2012 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
4625000
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
893000 shares
CY2012 us-gaap Dividends Cash
DividendsCash
23066000
CY2012 us-gaap Net Income Loss
NetIncomeLoss
-1076000
CY2012 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-15680000
CY2012 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
400000
CY2012 us-gaap Labor And Related Expense
LaborAndRelatedExpense
6039000
CY2012 us-gaap Owned Property Management Costs
OwnedPropertyManagementCosts
9200000
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1238000
CY2012 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5701000
CY2012 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-2909000
CY2012 us-gaap Payments Of Dividends
PaymentsOfDividends
23066000
CY2012 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-2000
CY2012 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
1429000
CY2012 us-gaap Interest Expense
InterestExpense
15585000
CY2012 inn Stock Issued During Period Value Preferred New Issues
StockIssuedDuringPeriodValuePreferredNewIssues
72453000
CY2012 inn Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
-5738000
CY2012 inn Disposal Group Including Discontinued Operation Asset Impairment Charges
DisposalGroupIncludingDiscontinuedOperationAssetImpairmentCharges
2305000
CY2012Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
-0.03
CY2012Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-801000
CY2012 inn Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
0.58
CY2012 inn Disposal Group Including Discontinued Operation Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortization
608000
CY2012 inn Disposal Group Including Discontinued Operation Gain Loss On Disposition Of Assets
DisposalGroupIncludingDiscontinuedOperationGainLossOnDispositionOfAssets
3009000
CY2012 inn Common Stock Issued In Connection With Redemption Shares
CommonStockIssuedInConnectionWithRedemptionShares
4873625 shares
CY2012 inn Comprehensive Income Loss Available To Common Stockholders
ComprehensiveIncomeLossAvailableToCommonStockholders
-5590000
CY2012 inn Payments For Investments In Development Hotels
PaymentsForInvestmentsInDevelopmentHotels
10303000
CY2012 inn Real Estate Impairment
RealEstateImpairment
2965000
CY2012 inn Impairment Loss On Real Estate Properties Including Amounts In Discontinued Operations
ImpairmentLossOnRealEstatePropertiesIncludingAmountsInDiscontinuedOperations
700000
CY2012 inn Acquisition Related Expenses Net
AcquisitionRelatedExpensesNet
3050000
CY2011Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
441000
CY2012Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-1609000
CY2012Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.11
CY2012Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
-0.03
CY2012Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-1196000
CY2012Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.08
CY2012Q1 us-gaap Revenues
Revenues
40102000
CY2012Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2891000
CY2012Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
444000
CY2012Q2 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.01
CY2012Q2 us-gaap Revenues
Revenues
47213000
CY2012 inn Disposal Group Including Discontinued Operation Occupancy Costs
DisposalGroupIncludingDiscontinuedOperationOccupancyCosts
3962000
CY2012 inn Comprehensive Income Loss Available To Preferred Stockholders
ComprehensiveIncomeLossAvailableToPreferredStockholders
4625000
CY2012 inn Net Income Loss Attributable To Common Shareholders Before Discontinued Operations
NetIncomeLossAttributableToCommonShareholdersBeforeDiscontinuedOperations
-6860000
CY2011Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-1683000
CY2011Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.04
CY2011Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
69000
CY2011Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.04
CY2011Q1 us-gaap Revenues
Revenues
18105000
CY2011Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1178000
CY2011Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
474000
CY2011Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.02
CY2011Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.01
CY2011Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
130000
CY2011Q2 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.01
CY2011Q2 us-gaap Revenues
Revenues
36815000
CY2012Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.04
CY2012Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1238000
CY2011Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-941000
CY2011Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.01
CY2011Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
982000
CY2011Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.01
CY2011Q3 us-gaap Revenues
Revenues
40033000
CY2011Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
30000
CY2012Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
1033000
CY2012Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.01
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
608000
CY2012Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.01
CY2012Q3 us-gaap Revenues
Revenues
50804000
CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
406000
CY2011Q4 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-2956000
CY2011Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.10
CY2011Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.02
CY2011Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-252000
CY2011Q4 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.12
CY2011Q4 us-gaap Revenues
Revenues
33568000
CY2011Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2641000
CY2012Q4 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-3495000
CY2012Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.03
CY2012Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.09
CY2012Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
2746000
CY2012Q4 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.12
CY2012Q4 us-gaap Revenues
Revenues
51423000
CY2012Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1978000

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