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Quarterly Financial Data
12 Months Ended
Dec. 31, 2017
Quarterly Financial Data [Abstract]  
Quarterly Financial Data



19.QUARTERLY FINANCIAL DATA (unaudited)





 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

Quarter Ended



 

December 31,

 

September 30,

 

June 30,

 

March 31,



 

2017

 

2017

 

2017

 

2017



 

(in thousands, except per share amounts)

Revenues

 

$

443,073 

 

$

433,945 

 

$

427,294 

 

$

423,362 

Operating income

 

 

119,081 

 

 

117,011 

 

 

114,590 

 

 

107,819 

Depreciation, accretion, and amortization

 

 

(162,643)

 

 

(161,907)

 

 

(159,520)

 

 

(159,030)

Loss from extinguishment of debt, net

 

 

 —

 

 

 —

 

 

(1,961)

 

 

 —

Net income

 

 

7,660 

 

 

49,161 

 

 

9,233 

 

 

37,600 



 

 

 

 

 

 

 

 

 

 

 

 

Net income per common share - basic (1)

 

$

0.07 

 

$

0.41 

 

$

0.08 

 

$

0.31 

Net income per common share - diluted

 

 

0.06 

 

 

0.41 

 

 

0.08 

 

 

0.31 



 

 

 

 

 

 

 

 

 

 

 

 



 

Quarter Ended



 

December 31,

 

September 30,

 

June 30,

 

March 31,



 

2016

 

2016

 

2016

 

2016



 

(in thousands, except per share amounts)

Revenues

 

$

416,505 

 

$

411,319 

 

$

405,532 

 

$

399,769 

Operating income

 

 

107,430 

 

 

108,210 

 

 

74,066 

 

 

97,602 

Depreciation, accretion, and amortization

 

 

(158,554)

 

 

(160,111)

 

 

(159,723)

 

 

(159,801)

Loss from extinguishment of debt, net

 

 

(18,189)

 

 

(34,512)

 

 

 —

 

 

 —

Net income (loss)

 

 

5,256 

 

 

(15,370)

 

 

32,711 

 

 

53,641 



 

 

 

 

 

 

 

 

 

 

 

 

Net income per common share - basic

 

$

0.04 

 

$

(0.12)

 

$

0.26 

 

$

0.43 

Net income per common share - diluted

 

 

0.04 

 

 

(0.12)

 

 

0.26 

 

 

0.43 



(1)

The sums of quarterly earnings per share data may not equal annual data due to rounding.



Basic and diluted net income (loss) per share is computed by dividing net income by the weighted average number of shares for the period. Potentially dilutive instruments have been excluded from the computation of diluted loss per share as their impact would have been anti-dilutive.

Because net income (loss) per share amounts are calculated using the weighted average number of common and dilutive common shares outstanding during each quarter, the sum of the per share amounts for the four quarters may not equal the total loss per share amounts for the year.