<table>

<tbody><tr style="vertical-align: bottom">

    <td style="text-align: center; padding-left: 8.65pt; text-indent: -8.65pt">&nbsp;</td><td style="font-weight: bold; padding-bottom: 1pt">&nbsp;</td>

    <td colspan="6" nowrap="" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Three Months Ended September 30,</td><td nowrap="" style="padding-bottom: 1pt; font-weight: bold">&nbsp;</td><td nowrap="" style="font-weight: bold; padding-bottom: 1pt">&nbsp;</td>

    <td colspan="6" nowrap="" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Six Months Ended September 30,</td><td nowrap="" style="padding-bottom: 1pt; font-weight: bold">&nbsp;</td></tr>

<tr style="vertical-align: bottom">

    <td nowrap="" style="text-align: center; padding-left: 8.65pt; text-indent: -8.65pt">&nbsp;</td><td nowrap="" style="font-weight: bold; padding-bottom: 1pt">&nbsp;</td>

    <td colspan="2" nowrap="" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</td><td nowrap="" style="padding-bottom: 1pt; font-weight: bold">&nbsp;</td><td nowrap="" style="font-weight: bold; padding-bottom: 1pt">&nbsp;</td>

    <td colspan="2" nowrap="" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2012</td><td nowrap="" style="padding-bottom: 1pt; font-weight: bold">&nbsp;</td><td nowrap="" style="font-weight: bold; padding-bottom: 1pt">&nbsp;</td>

    <td colspan="2" nowrap="" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</td><td nowrap="" style="padding-bottom: 1pt; font-weight: bold">&nbsp;</td><td nowrap="" style="font-weight: bold; padding-bottom: 1pt">&nbsp;</td>

    <td colspan="2" nowrap="" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2012</td><td style="padding-bottom: 1pt; font-weight: bold">&nbsp;</td></tr>

<tr style="vertical-align: bottom; background-color: rgb(204,238,204)">

    <td style="font-weight: bold; text-align: left; padding-left: 8.65pt; text-indent: -8.65pt">Operations Data:</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td></tr>

<tr style="vertical-align: bottom">

    <td style="font-weight: bold; text-align: left; padding-left: 8.65pt; text-indent: -8.65pt">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td></tr>

<tr style="vertical-align: bottom; background-color: White">

    <td style="width: 48%; padding-left: 8.65pt; text-indent: -8.65pt">Sales</td><td style="width: 3%">&nbsp;</td>

    <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">33,391,000</td><td style="width: 1%; text-align: left">&nbsp;</td><td style="width: 3%">&nbsp;</td>

    <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">32,998,000</td><td style="width: 1%; text-align: left">&nbsp;</td><td style="width: 3%">&nbsp;</td>

    <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">64,192,000</td><td style="width: 1%; text-align: left">&nbsp;</td><td style="width: 3%">&nbsp;</td>

    <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">68,435,000</td><td style="width: 1%; text-align: left">&nbsp;</td></tr>

<tr style="vertical-align: bottom; background-color: rgb(204,238,204)">

    <td style="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt">Reimbursable program costs and expenses</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">7,164,000</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">5,749,000</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">13,489,000</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">12,025,000</td><td style="text-align: left">&nbsp;</td></tr>

<tr style="vertical-align: bottom; background-color: White">

    <td style="text-align: left; padding-bottom: 1pt; padding-left: 8.65pt; text-indent: -8.65pt">Outside production and other program expenses</td><td style="padding-bottom: 1pt">&nbsp;</td>

    <td style="border-bottom: Black 1pt solid; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; text-align: right">15,789,000</td><td style="padding-bottom: 1pt; text-align: left">&nbsp;</td><td style="padding-bottom: 1pt">&nbsp;</td>

    <td style="border-bottom: Black 1pt solid; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; text-align: right">16,636,000</td><td style="padding-bottom: 1pt; text-align: left">&nbsp;</td><td style="padding-bottom: 1pt">&nbsp;</td>

    <td style="border-bottom: Black 1pt solid; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; text-align: right">30,345,000</td><td style="padding-bottom: 1pt; text-align: left">&nbsp;</td><td style="padding-bottom: 1pt">&nbsp;</td>

    <td style="border-bottom: Black 1pt solid; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; text-align: right">34,756,000</td><td style="padding-bottom: 1pt; text-align: left">&nbsp;</td></tr>

<tr style="vertical-align: bottom">

    <td style="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td></tr>

<tr style="vertical-align: bottom; background-color: rgb(204,238,204)">

    <td style="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt">Operating revenue</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">10,438,000</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">10,613,000</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">20,358,000</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">21,654,000</td><td style="text-align: left">&nbsp;</td></tr>

<tr style="vertical-align: bottom">

    <td style="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td></tr>

<tr style="vertical-align: bottom; background-color: White">

    <td style="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt">Compensation expense</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">7,847,000</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">7,587,000</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">15,574,000</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">15,318,000</td><td style="text-align: left">&nbsp;</td></tr>

<tr style="vertical-align: bottom; background-color: rgb(204,238,204)">

    <td style="text-align: left; padding-bottom: 1pt; padding-left: 8.65pt; text-indent: -8.65pt">General and administrative expenses</td><td style="padding-bottom: 1pt">&nbsp;</td>

    <td style="border-bottom: Black 1pt solid; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; text-align: right">1,915,000</td><td style="padding-bottom: 1pt; text-align: left">&nbsp;</td><td style="padding-bottom: 1pt">&nbsp;</td>

    <td style="border-bottom: Black 1pt solid; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; text-align: right">1,863,000</td><td style="padding-bottom: 1pt; text-align: left">&nbsp;</td><td style="padding-bottom: 1pt">&nbsp;</td>

    <td style="border-bottom: Black 1pt solid; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; text-align: right">3,790,000</td><td style="padding-bottom: 1pt; text-align: left">&nbsp;</td><td style="padding-bottom: 1pt">&nbsp;</td>

    <td style="border-bottom: Black 1pt solid; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; text-align: right">3,659,000</td><td style="padding-bottom: 1pt; text-align: left">&nbsp;</td></tr>

<tr style="vertical-align: bottom">

    <td style="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td></tr>

<tr style="vertical-align: bottom; background-color: White">

    <td style="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt">Operating income</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">676,000</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">1,163,000</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">994,000</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">2,677,000</td><td style="text-align: left">&nbsp;</td></tr>

<tr style="vertical-align: bottom">

    <td style="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td></tr>

<tr style="vertical-align: bottom; background-color: rgb(204,238,204)">

    <td style="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt">Interest income, net</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">—</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">—</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">1,000</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">1,000</td><td style="text-align: left">&nbsp;</td></tr>

<tr style="vertical-align: bottom; background-color: White">

    <td style="text-align: left; padding-bottom: 1pt; padding-left: 8.65pt; text-indent: -8.65pt">Fair value adjustments to compound embedded derivatives</td><td style="padding-bottom: 1pt">&nbsp;</td>

    <td style="border-bottom: Black 1pt solid; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; text-align: right">739,000</td><td style="padding-bottom: 1pt; text-align: left">&nbsp;</td><td style="padding-bottom: 1pt">&nbsp;</td>

    <td style="border-bottom: Black 1pt solid; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; text-align: right">(197,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt">&nbsp;</td>

    <td style="border-bottom: Black 1pt solid; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; text-align: right">1,053,000</td><td style="padding-bottom: 1pt; text-align: left">&nbsp;</td><td style="padding-bottom: 1pt">&nbsp;</td>

    <td style="border-bottom: Black 1pt solid; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; text-align: right">(809,000</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr>

<tr style="vertical-align: bottom; background-color: rgb(204,238,204)">

    <td style="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt">Income before provision for income taxes</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">1,415,000</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">966,000</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">2,048,000</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">1,869,000</td><td style="text-align: left">&nbsp;</td></tr>

<tr style="vertical-align: bottom">

    <td style="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td></tr>

<tr style="vertical-align: bottom; background-color: White">

    <td style="text-align: left; padding-bottom: 1pt; padding-left: 8.65pt; text-indent: -8.65pt">Provision for income taxes</td><td style="padding-bottom: 1pt">&nbsp;</td>

    <td style="border-bottom: Black 1pt solid; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; text-align: right">270,000</td><td style="padding-bottom: 1pt; text-align: left">&nbsp;</td><td style="padding-bottom: 1pt">&nbsp;</td>

    <td style="border-bottom: Black 1pt solid; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; text-align: right">393,000</td><td style="padding-bottom: 1pt; text-align: left">&nbsp;</td><td style="padding-bottom: 1pt">&nbsp;</td>

    <td style="border-bottom: Black 1pt solid; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; text-align: right">396,000</td><td style="padding-bottom: 1pt; text-align: left">&nbsp;</td><td style="padding-bottom: 1pt">&nbsp;</td>

    <td style="border-bottom: Black 1pt solid; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; text-align: right">1,039,000</td><td style="padding-bottom: 1pt; text-align: left">&nbsp;</td></tr>

<tr style="vertical-align: bottom">

    <td style="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td></tr>

<tr style="vertical-align: bottom; background-color: rgb(204,238,204)">

    <td style="text-align: left; padding-bottom: 2.5pt; padding-left: 8.65pt; text-indent: -8.65pt">Net income</td><td style="padding-bottom: 2.5pt">&nbsp;</td>

    <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">1,145,000</td><td style="padding-bottom: 2.5pt; text-align: left">&nbsp;</td><td style="padding-bottom: 2.5pt">&nbsp;</td>

    <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">573,000</td><td style="padding-bottom: 2.5pt; text-align: left">&nbsp;</td><td style="padding-bottom: 2.5pt">&nbsp;</td>

    <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">1,652,000</td><td style="padding-bottom: 2.5pt; text-align: left">&nbsp;</td><td style="padding-bottom: 2.5pt">&nbsp;</td>

    <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">830,000</td><td style="padding-bottom: 2.5pt; text-align: left">&nbsp;</td></tr>

<tr style="vertical-align: bottom">

    <td style="padding-left: 8.65pt; text-indent: -8.65pt">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td></tr>

<tr style="vertical-align: bottom; background-color: White">

    <td style="font-weight: bold; padding-left: 8.65pt; text-indent: -8.65pt">Per Share Data:</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td></tr>

<tr style="vertical-align: bottom; background-color: rgb(204,238,204)">

    <td style="padding-bottom: 2.5pt; padding-left: 8.65pt; text-indent: -8.65pt">Basic earnings per share</td><td style="padding-bottom: 2.5pt">&nbsp;</td>

    <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">0.14</td><td style="padding-bottom: 2.5pt; text-align: left">&nbsp;</td><td style="padding-bottom: 2.5pt">&nbsp;</td>

    <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">0.07</td><td style="padding-bottom: 2.5pt; text-align: left">&nbsp;</td><td style="padding-bottom: 2.5pt">&nbsp;</td>

    <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">0.20</td><td style="padding-bottom: 2.5pt; text-align: left">&nbsp;</td><td style="padding-bottom: 2.5pt">&nbsp;</td>

    <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">0.10</td><td style="padding-bottom: 2.5pt; text-align: left">&nbsp;</td></tr>

<tr style="vertical-align: bottom; background-color: White">

    <td style="padding-bottom: 2.5pt; padding-left: 8.65pt; text-indent: -8.65pt">Diluted earnings per share</td><td style="padding-bottom: 2.5pt">&nbsp;</td>

    <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">0.07</td><td style="padding-bottom: 2.5pt; text-align: left">&nbsp;</td><td style="padding-bottom: 2.5pt">&nbsp;</td>

    <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">0.04</td><td style="padding-bottom: 2.5pt; text-align: left">&nbsp;</td><td style="padding-bottom: 2.5pt">&nbsp;</td>

    <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">0.10</td><td style="padding-bottom: 2.5pt; text-align: left">&nbsp;</td><td style="padding-bottom: 2.5pt">&nbsp;</td>

    <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">0.05</td><td style="padding-bottom: 2.5pt; text-align: left">&nbsp;</td></tr>

<tr style="vertical-align: bottom">

    <td style="padding-left: 8.65pt; text-indent: -8.65pt">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td></tr>

<tr style="vertical-align: bottom; background-color: rgb(204,238,204)">

    <td style="font-weight: bold; padding-left: 8.65pt; text-indent: -8.65pt">Weighted Average Shares Outstanding:</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td></tr>

<tr style="vertical-align: bottom; background-color: White">

    <td style="padding-left: 8.65pt; text-indent: -8.65pt">Basic</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">8,312,891</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">8,325,891</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">8,312,891</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">8,240,528</td><td style="text-align: left">&nbsp;</td></tr>

<tr style="vertical-align: bottom; background-color: rgb(204,238,204)">

    <td style="padding-left: 8.65pt; text-indent: -8.65pt">Diluted</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">17,267,193</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">16,210,304</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">17,267,193</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>

    <td style="text-align: left">&nbsp;</td><td style="text-align: right">16,100,638</td><td style="text-align: left">&nbsp;</td></tr>

</tbody></table>
<table>
<tbody><tr>
<td> </td><td> </td>
<td>Three Months Ended September 30,</td><td> </td><td> </td>
<td>Six Months Ended September 30,</td><td> </td></tr>
<tr>
<td> </td><td> </td>
<td>2013</td><td> </td><td> </td>
<td>2012</td><td> </td><td> </td>
<td>2013</td><td> </td><td> </td>
<td>2012</td><td> </td></tr>
<tr>
<td>Operations Data:</td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td></tr>
<tr>
<td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td></tr>
<tr>
<td>Sales</td><td> </td>
<td>$</td><td>33,391,000</td><td> </td><td> </td>
<td>$</td><td>32,998,000</td><td> </td><td> </td>
<td>$</td><td>64,192,000</td><td> </td><td> </td>
<td>$</td><td>68,435,000</td><td> </td></tr>
<tr>
<td>Reimbursable program costs and expenses</td><td> </td>
<td> </td><td>7,164,000</td><td> </td><td> </td>
<td> </td><td>5,749,000</td><td> </td><td> </td>
<td> </td><td>13,489,000</td><td> </td><td> </td>
<td> </td><td>12,025,000</td><td> </td></tr>
<tr>
<td>Outside production and other program expenses</td><td> </td>
<td> </td><td>15,789,000</td><td> </td><td> </td>
<td> </td><td>16,636,000</td><td> </td><td> </td>
<td> </td><td>30,345,000</td><td> </td><td> </td>
<td> </td><td>34,756,000</td><td> </td></tr>
<tr>
<td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td></tr>
<tr>
<td>Operating revenue</td><td> </td>
<td> </td><td>10,438,000</td><td> </td><td> </td>
<td> </td><td>10,613,000</td><td> </td><td> </td>
<td> </td><td>20,358,000</td><td> </td><td> </td>
<td> </td><td>21,654,000</td><td> </td></tr>
<tr>
<td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td></tr>
<tr>
<td>Compensation expense</td><td> </td>
<td> </td><td>7,847,000</td><td> </td><td> </td>
<td> </td><td>7,587,000</td><td> </td><td> </td>
<td> </td><td>15,574,000</td><td> </td><td> </td>
<td> </td><td>15,318,000</td><td> </td></tr>
<tr>
<td>General and administrative expenses</td><td> </td>
<td> </td><td>1,915,000</td><td> </td><td> </td>
<td> </td><td>1,863,000</td><td> </td><td> </td>
<td> </td><td>3,790,000</td><td> </td><td> </td>
<td> </td><td>3,659,000</td><td> </td></tr>
<tr>
<td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td></tr>
<tr>
<td>Operating income</td><td> </td>
<td> </td><td>676,000</td><td> </td><td> </td>
<td> </td><td>1,163,000</td><td> </td><td> </td>
<td> </td><td>994,000</td><td> </td><td> </td>
<td> </td><td>2,677,000</td><td> </td></tr>
<tr>
<td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td></tr>
<tr>
<td>Interest income, net</td><td> </td>
<td> </td><td>—</td><td> </td><td> </td>
<td> </td><td>—</td><td> </td><td> </td>
<td> </td><td>1,000</td><td> </td><td> </td>
<td> </td><td>1,000</td><td> </td></tr>
<tr>
<td>Fair value adjustments to compound embedded derivatives</td><td> </td>
<td> </td><td>739,000</td><td> </td><td> </td>
<td> </td><td>(197,000</td><td>)</td><td> </td>
<td> </td><td>1,053,000</td><td> </td><td> </td>
<td> </td><td>(809,000</td><td>)</td></tr>
<tr>
<td>Income before provision for income taxes</td><td> </td>
<td> </td><td>1,415,000</td><td> </td><td> </td>
<td> </td><td>966,000</td><td> </td><td> </td>
<td> </td><td>2,048,000</td><td> </td><td> </td>
<td> </td><td>1,869,000</td><td> </td></tr>
<tr>
<td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td></tr>
<tr>
<td>Provision for income taxes</td><td> </td>
<td> </td><td>270,000</td><td> </td><td> </td>
<td> </td><td>393,000</td><td> </td><td> </td>
<td> </td><td>396,000</td><td> </td><td> </td>
<td> </td><td>1,039,000</td><td> </td></tr>
<tr>
<td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td></tr>
<tr>
<td>Net income</td><td> </td>
<td>$</td><td>1,145,000</td><td> </td><td> </td>
<td>$</td><td>573,000</td><td> </td><td> </td>
<td>$</td><td>1,652,000</td><td> </td><td> </td>
<td>$</td><td>830,000</td><td> </td></tr>
<tr>
<td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td></tr>
<tr>
<td>Per Share Data:</td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td></tr>
<tr>
<td>Basic earnings per share</td><td> </td>
<td>$</td><td>0.14</td><td> </td><td> </td>
<td>$</td><td>0.07</td><td> </td><td> </td>
<td>$</td><td>0.20</td><td> </td><td> </td>
<td>$</td><td>0.10</td><td> </td></tr>
<tr>
<td>Diluted earnings per share</td><td> </td>
<td>$</td><td>0.07</td><td> </td><td> </td>
<td>$</td><td>0.04</td><td> </td><td> </td>
<td>$</td><td>0.10</td><td> </td><td> </td>
<td>$</td><td>0.05</td><td> </td></tr>
<tr>
<td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td></tr>
<tr>
<td>Weighted Average Shares Outstanding:</td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td></tr>
<tr>
<td>Basic</td><td> </td>
<td> </td><td>8,312,891</td><td> </td><td> </td>
<td> </td><td>8,325,891</td><td> </td><td> </td>
<td> </td><td>8,312,891</td><td> </td><td> </td>
<td> </td><td>8,240,528</td><td> </td></tr>
<tr>
<td>Diluted</td><td> </td>
<td> </td><td>17,267,193</td><td> </td><td> </td>
<td> </td><td>16,210,304</td><td> </td><td> </td>
<td> </td><td>17,267,193</td><td> </td><td> </td>
<td> </td><td>16,100,638</td><td> </td></tr>
</tbody></table>