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Selected Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2016
Selected Quarterly Financial Data (Unaudited)  
Selected Quarterly Financial Data (Unaudited)

15. Selected Quarterly Financial Data (Unaudited)

Quarterly financial information for the years ended December 31, 2016 and 2015 is summarized as follows (in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

 

    

Q1

    

Q2

    

Q3

    

Q4

 

Revenue

 

$
385,942

 

$
427,538

 

$
428,760

 

$
392,100

 

Gross profit

 

 
73,502

 

 
89,426

 

 
92,816

 

 
88,265

 

Net income including noncontrolling interests

 

 
9,841

 

 
17,717

 

 
20,471

 

 
16,867

 

Net income attributable to Comfort Systems USA, Inc.

 

 
9,841

 

 
17,717

 

 
20,471

 

 
16,867

 

INCOME PER SHARE ATTRIBUTABLE TO COMFORT SYSTEMS USA, INC.:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic—

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$
0.26

 

$
0.47

 

$
0.55

 

$
0.45

 

Income from discontinued operations

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

Net income

 

$
0.26

 

$
0.47

 

$
0.55

 

$
0.45

 

Diluted—

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$
0.26

 

$
0.47

 

$
0.54

 

$
0.45

 

Income from discontinued operations

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

Net income

 

$
0.26

 

$
0.47

 

$
0.54

 

$
0.45

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

 

    

Q1

    

Q2

    

Q3

    

Q4

 

Revenue

 

$
369,547

 

$
416,567

 

$
410,565

 

$
383,840

 

Gross profit (1)

 

 
64,688

 

 
82,049

 

 
87,465

 

 
83,927

 

Net income including noncontrolling interests

 

 
6,889

 

 
15,782

 

 
19,886

 

 
14,883

 

Net income attributable to Comfort Systems USA, Inc.

 

 
5,066

 

 
13,404

 

 
17,673

 

 
13,221

 

INCOME PER SHARE ATTRIBUTABLE TO COMFORT SYSTEMS USA, INC.:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic—

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$
0.14

 

$
0.36

 

$
0.47

 

$
0.35

 

Income from discontinued operations

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

Net income

 

$
0.14

 

$
0.36

 

$
0.47

 

$
0.35

 

Diluted—

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$
0.13

 

$
0.35

 

$
0.46

 

$
0.35

 

Income from discontinued operations

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

Net income

 

$
0.13

 

$
0.35

 

$
0.46

 

$
0.35

 

 

(1)

In the fourth quarter of 2015, we recognized a $3.4 million project gain related to change orders we received.

The sums of the individual quarterly earnings per share amounts do not necessarily agree with year‑to‑date earnings per share as each quarter’s computation is based on the weighted average number of shares outstanding during the quarter, the weighted average stock price during the quarter and the dilutive effects of options and contingently issuable restricted stock in each quarter.