Our results of operations for each of the quarters in the years ended December 31, 2007 and 2006 are summarized below (in thousands, except per share data).
| 2007 | march 31 | June 30 | September 30 | December 31 | ||||||||
| Gross revenues: Transportation |
$ | 1,300,418 | $ | 1,511,173 | $ | 1,537,660 | $ | 1,622,533 | ||||
| Sourcing | 308,297 | 357,062 | 315,755 | 317,799 | ||||||||
| Information Services | 10,610 | 11,491 | 11,735 | 11,690 | ||||||||
| Total gross revenues | 1,619,325 | 1,879,726 | 1,865,150 | 1,952,022 | ||||||||
Cost of transportation, products, and handling: Transportation |
1,037,991 | 1,240,085 | 1,261,106 | 1,334,570 | ||||||||
| Sourcing | 284,404 | 328,743 | 290,848 | 294,698 | ||||||||
| Total cost of transportation, products, and handling |
1,322,395 | 1,568,828 | 1,551,954 | 1,629,268 | ||||||||
Gross profits |
296,930 | 310,898 | 313,196 | 322,754 | ||||||||
| Income from operations | 115,189 | 129,794 | 131,828 | 132,873 | ||||||||
| Net income | $ | 72,965 | $ | 82,299 | $ | 83,743 | $ | 85,254 | ||||
| Basic net income per share | $ | .43 | $ | .48 | $ | .49 | $ | .50 | ||||
| Diluted net income per share | $ | .42 | $ | .47 | $ | .48 | $ | .49 | ||||
| Basic weighted average shares outstanding |
171,183 | 170,942 | 170,274 | 169,591 | ||||||||
| Dilutive effect of outstanding stock awards | 3,705 | 3,258 | 3,075 | 4,678 | ||||||||
| Diluted weighted average shares outstanding | 174,888 | 174,200 | 173,349 | 174,269 | ||||||||
2006 |
March 31 | June 30 | September 30 | December 31 | ||||||||
| Gross revenues: Transportation |
$ | 1,215,909 | $ | 1,363,246 | $ | 1,394,979 | $ | 1,347,413 | ||||
| Sourcing | 273,422 | 326,853 | 307,384 | 284,638 | ||||||||
| Information Services | 9,784 | 10,898 | 11,128 | 10,540 | ||||||||
| Total gross revenues | 1,499,115 | 1,700,997 | 1,713,491 | 1,642,591 | ||||||||
Cost of transportation, products, and handling: Transportation |
992,942 | 1,130,324 | 1,151,063 | 1,101,253 | ||||||||
| Sourcing | 251,116 | 300,054 | 284,082 | 262,816 | ||||||||
| Total cost of transportation, products, and handling |
1,244,058 | 1,430,378 | 1,435,145 | 1,364,069 | ||||||||
Gross profits |
255,057 | 270,619 | 278,346 | 278,522 | ||||||||
| Income from operations | 92,434 | 103,918 | 111,118 | 110,375 | ||||||||
| Net income | $ | 58,114 | $ | 66,594 | $ | 70,390 | $ | 71,827 | ||||
| Basic net income per share | $ | .34 | $ | .39 | $ | .41 | $ | .42 | ||||
| Diluted net income per share | $ | .33 | $ | .38 | $ | .40 | $ | .41 | ||||
| Basic weighted average shares outstanding |
171,219 | 171,215 | 170,925 | 170,555 | ||||||||
| Dilutive effect of outstanding stock awards | 4,048 | 3,983 | 3,851 | 3,549 | ||||||||
| Diluted weighted average shares outstanding | 175,267 | 175,198 | 174,776 | 174,104 | ||||||||
