New Horizons Worldwide Inc.

The Santa Ana provider of computer training reported net income of $159,000, or 2 cents a share, which included one-time charges for a management system write-off and costs related to the settlement of franchise arbitration. Net income for the like period last year was $1.6 million, or 16 cents a share. Revenue increased 51% to $30.9 million. Net income for the year advanced 24% to $7.3 million, or 72 cents a share, from $5.9 million, or 61 cents a share, for the previous year. Revenue was up 54% to $111.5 million.