Net income was $80.9 million, or $1.12 per diluted share for the second quarter of 2005, compared to net income of $11.8 million, or 17 cents per diluted share, for the same period in last year.
The contractor said the results were affected by two special items. These were a $50.4 million benefit from decreasing the valuation allowance associated with the company's deferred tax assets, and an expense of $7.4
