MoneyGram 2004 Annual Report Download - page 86

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Table of Contents
MONEYGRAM INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
2003 Fiscal Quarters
First Second Third Fourth
(Dollars in thousands, except per share data)
Revenues $ 171,626 $ 187,721 $ 188,048 $ 189,828
Commission expense 90,873 95,789 97,272 93,399
Net revenues 80,753 91,932 90,776 96,429
Operating expenses, excluding commission expense 69,578 68,182 69,146 64,813
Income from continuing operations before income taxes 11,175 23,750 21,630 31,616
Income from continuing operations 12,390 20,457 18,488 24,351
Income from discontinued operations, net of taxes 9,641 20,411 6,348 1,816
Net income 22,031 40,868 24,836 26,167
Earnings from continuing operations per share
Basic 0.13 0.24 0.22 0.28
Diluted 0.13 0.24 0.22 0.28
Earnings from discontinued operations per share
Basic 0.12 0.23 0.07 0.02
Diluted 0.12 0.23 0.07 0.02
Earnings per share
Basic 0.25 0.47 0.29 0.30
Diluted 0.25 0.47 0.29 0.30
F-42