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QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)
12 Months Ended
Dec. 31, 2019
QUARTERLY FINANCIAL DATA (UNAUDITED)  
Quarterly Financial Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarters Ended

 

    

March 31

    

June 30 (a)

    

September 30

    

December 31 (a)

 

 

(In thousands, except share data)

 

 

(As Revised) (b)

2019:

 

 

  

 

 

  

 

 

  

 

 

  

Net revenue

 

$

98,449

 

$

121,571

 

$

111,055

 

$

105,854

Operating income

 

 

14,796

 

 

29,121

 

 

31,117

 

 

12,062

Net (loss) income

 

 

(2,979)

 

 

7,137

 

 

5,687

 

 

(7,788)

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated net (loss) income attributable to common stockholders

 

 

(3,104)

 

 

6,591

 

 

5,359

 

 

(7,921)

BASIC AND DILUTED NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS

 

 

  

 

 

  

 

 

  

 

 

  

Consolidated net (loss) income per share attributable to common stockholders - basic

 

$

(0.07)

 

$

0.15

 

$

0.12

 

$

(0.18)

Consolidated net (loss) income per share attributable to common stockholders - diluted

 

$

(0.07)

 

$

0.14

 

$

0.12

 

$

(0.18)

WEIGHTED AVERAGE SHARES OUTSTANDING

 

 

  

 

 

  

 

 

  

 

 

  

Weighted average shares outstanding — basic

 

 

45,001,767

 

 

45,061,821

 

 

44,315,077

 

 

44,172,147

Weighted average shares outstanding —diluted

 

 

45,001,767

 

 

45,701,655

 

 

46,118,702

 

 

44,172,147


(a)

The net income (loss) from continuing operations for the quarters ended June 30, 2019 and December 31, 2019, includes approximately $3.8 million and $6.8 million, respectively of impairment charges.

(b)

Operating income for the quarters ended March 31, 2019, June 30, 2019 and September 30, 2019 have been revised in the amounts of approximately $1.3 million, $1.4 million and $1.4 million, respectively, to reflect the interest expense component of operating leases from interest expense into operating expenses.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarters Ended

 

    

March 31 (a)

    

June 30

    

September 30

    

December 31 (a)

 

 

(In thousands, except share data)

2018:

 

 

  

 

 

  

 

 

  

 

 

  

Net revenue

 

$

99,621

 

$

115,206

 

$

110,730

 

$

113,541

Operating income

 

 

7,315

 

 

24,813

 

 

32,101

 

 

9,411

Net (loss) income

 

 

(22,522)

 

 

23,896

 

 

23,375

 

 

113,856

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated net (loss) income attributable to common stockholders

 

 

(22,555)

 

 

23,590

 

 

23,044

 

 

113,363

BASIC AND DILUTED NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS

 

 

  

 

 

  

 

 

  

 

 

  

Consolidated net (loss) income per share attributable to common stockholders - basic

 

$

(0.48)

 

$

0.51

 

$

0.51

 

$

2.54

Consolidated net (loss) income per share attributable to common stockholders - diluted

 

$

(0.48)

 

$

0.49

 

$

0.49

 

$

2.42

WEIGHTED AVERAGE SHARES OUTSTANDING

 

 

  

 

 

  

 

 

  

 

 

  

Weighted average shares outstanding — basic

 

 

46,757,386

 

 

46,033,402

 

 

45,128,341

 

 

44,663,033

Weighted average shares outstanding —diluted

 

 

46,757,386

 

 

48,438,693

 

 

47,462,358

 

 

46,874,741


(a)

The net (loss) income from continuing operations for the quarters ended March 31, 2018 and December 31, 2018, includes approximately $6.6 million and $14.7 million, respectively of impairment charges. The net income for the quarter ended December 31, 2018 includes a benefit from income taxes of approximately $124.3 million.