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18. Selected Quarterly Financial Data (unaudited) (see Notes 8 and 17)
The following table presents selected quarterly financial data for the periods
indicated (in thousands, except per share data).
2000 March 31 June 30 September 30 December 31
Revenues $ 464,797 $ 481,620 $ 485,102 $ 474,487
Income from operations 65,270 68,201 61,123 55,733
Income before provision for income taxes 55,623 60,104 54,504 48,771
Net income 35,766 38,298 35,383 31,683
Basic earnings per share 0.46 0.49 0.46 0.41
Diluted earnings per share 0.45 0.48 0.45 0.41
1999 March 31 June 30 September 30 December 31
Revenues $ 391,896 $ 417,515 $ 410,003 $ 426,599
Income from operations 52,898 59,261 55,304 55,180
Income before provision for income taxes 45,265 50,238 48,087 47,657
Net income 29,196 32,478 32,196 30,453
Pro forma net income 28,743 31,901 31,684 30,070
Basic earnings per share
Net income 0.38 0.42 0.42 0.39
Pro forma net income 0.38 0.41 0.41 0.39
Diluted earnings per share
Net income 0.37 0.41 0.40 0.39
Pro forma net income 0.37 0.40 0.40 0.38
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On June 15, 2000, the Common Stock of the Company began trading on the
New York Stock Exchange under the symbol OSI. Before June 15, 2000, the Common
Stock of the Company was traded in the over-the-counter market and was quoted on
the NASDAQ National Market System under the symbol OSSI. The following table
sets forth, for the fiscal years ended December 31, 2000, 1999, and 1998, the
high and low per share prices of the Company's Common Stock as reported by the
NYSE or NASDAQ after giving effect to the March 1999 stock split. (See Note 7 of
Notes to Consolidated Financial Statements.)
2000 High Low
First Quarter $33.50 $21.50
Second Quarter 34.44 27.13
Third Quarter 30.81 21.75
Fourth Quarter 30.25 22.44
1999
First Quarter $34.25 $22.75
Second Quarter 39.75 31.50
Third Quarter 40.13 24.06
Fourth Quarter 27.50 19.81
1998
First Quarter $26.37 $18.67
Second Quarter 26.75 23.00
Third Quarter 28.09 15.92
Fourth Quarter 26.79 15.59
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The Company has never paid a cash dividend on its Common Stock. As of
March 1, 2001 there were approximately 1,824 registered holders of record of the
Company's Common Stock.
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