Annual report pursuant to Section 13 and 15(d)

Note 21. Quarterly Consolidated Results of Operations (Unaudited)

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Note 21. Quarterly Consolidated Results of Operations (Unaudited)
12 Months Ended
Jun. 30, 2011
QUARTERLY CONSOLIDATED RESULTS OF OPERATIONS (UNAUDITED) [Abstract]  
Quarterly Consolidated Results of Operations (Unaudited)
QUARTERLY CONSOLIDATED RESULTS OF OPERATIONS (UNAUDITED)
The following is a summary of the Company’s quarterly consolidated results of operations (unaudited) for the fiscal years ended June 30, 2011 and 2010.
 
(In thousands, except per share data)
First quarter
ended
September 30, 2010
 
Second quarter
ended
December 31, 2010
 
Third quarter
ended
March 31, 2011
 
Fourth quarter
ended
June 30, 2011
Total revenues
$
682,342

 
$
766,327

 
$
834,059

 
$
892,439

Total costs and operating expenses
$
446,726

 
$
497,461

 
$
522,280

 
$
548,370

Gross margin
$
418,373

 
$
454,929

 
$
506,363

 
$
536,259

Income from operations
$
235,616

 
$
268,866

 
$
311,779

 
$
344,069

Net income
$
154,196

 
$
185,492

 
$
209,783

 
$
245,017

Net income per share:
 
 
 
 
 
 
 
Basic(1)
$
0.92

 
$
1.11

 
$
1.25

 
$
1.46

Diluted(1)
$
0.91

 
$
1.09

 
$
1.22

 
$
1.43

 
(In thousands, except per share data)
First quarter
ended
September 30, 2009
 
Second quarter
ended
December 31, 2009
 
Third quarter
ended
March 31, 2010
 
Fourth quarter
ended
June 30, 2010
Total revenues
$
342,687

 
$
440,355

 
$
478,299

 
$
559,419

Total costs and operating expenses
$
327,737

 
$
393,260

 
$
387,020

 
$
398,577

Gross margin
$
170,795

 
$
233,069

 
$
269,734

 
$
331,500

Income from operations
$
14,950

 
$
47,095

 
$
91,279

 
$
160,842

Net income
$
20,405

 
$
21,794

 
$
57,016

 
$
113,085

Net income per share:
 
 
 
 
 
 
 
Basic(1)
$
0.12

 
$
0.13

 
$
0.33

 
$
0.67

Diluted(1)
$
0.12

 
$
0.13

 
$
0.33

 
$
0.66

 __________________ 
(1)
Basic and diluted earnings per share are computed independently for each of the quarters presented based on the weighted average basic and fully diluted shares outstanding for each quarter. Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted earnings per share.