MoneyGram 2006 Annual Report Download - page 101

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Table of Contents
MONEYGRAM INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
2005 Fiscal Quarters
(Amounts in thousands, except per share data) First Second Third Fourth
Revenues $ 227,915 $ 240,000 $ 246,385 $ 256,936
Commission expense 110,141 115,030 119,829 125,472
Net revenues 117,774 124,970 126,556 131,464
Operating expenses, excluding commission expense 82,117 88,665 87,682 95,925
Income from continuing operations before income taxes 35,657 36,305 38,874 35,539
Income (loss) from continuing operations 27,789 26,063 28,798 29,555
Income (loss) and gain from discontinued operations, net of taxes — — 740 —
Net income (loss) 27,789 26,063 29,538 29,555
Earnings (loss) from continuing operations per share
Basic $ 0.33 $ 0.31 $ 0.34 $ 0.35
Diluted 0.32 0.30 0.33 0.34
Earnings from discontinued operations per share
Basic $ — $ — $ 0.01 $ —
Diluted — — 0.01 —
Earnings (loss) per share
Basic $ 0.33 $ 0.31 $ 0.35 $ 0.35
Diluted 0.32 0.30 0.34 0.34
The summation of quarterly earnings per share may not equate to the calculation for the full year as quarterly calculations are performed
on a discrete basis.
F-44