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Quarterly Information (Unaudited)
 12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Information (Unaudited)
Note 20.
Quarterly Information (Unaudited)
The following table summarizes the unaudited statement of operations for each quarter of 2014 and 2013 (in thousands, except per share data):
 
 
Total
 
Dec. 31 (3)
 
Sept. 30 (4)
 
June 30
 
Mar. 31 (2)
2014
 
 
 
 
 
 
 
 
 
 
Net revenue
 
$
156,212

 
$
35,506

 
$
34,157

 
$
40,825

 
$
45,724

Gross profit
 
90,411

 
17,625

 
15,229

 
20,039

 
37,518

Operating (loss) income
 
(69,153
)
 
(20,682
)
 
(20,763
)
 
(18,832
)
 
(8,876
)
Net income (loss)
 
(71,815
)
 
(20,838
)
 
(22,178
)
 
(21,029
)
 
(7,770
)
Basic net income (loss) per share (1)
 
(2.00
)
 
(0.58
)
 
(0.62
)
 
(0.59
)
 
(0.22
)
Diluted net income (loss) per share (1)
 
(2.00
)
 
(0.58
)
 
(0.62
)
 
(0.59
)
 
(0.22
)
2013
 
 
 
 
 
 
 
 
 
 
Net revenue
 
$
206,196

 
$
50,595

 
$
48,958

 
$
49,850

 
$
56,793

Gross profit
 
127,105

 
30,519

 
29,968

 
30,331

 
36,287

Operating (loss) income
 
(70,808
)
 
(14,441
)
 
(28,437
)
 
(16,504
)
 
(11,426
)
Net income (loss)
 
(58,990
)
 
2,530

 
(31,375
)
 
(18,471
)
 
(11,674
)
Basic net income (loss) per share (1)
 
(1.66
)
 
0.07

 
(0.88
)
 
(0.52
)
 
(0.33
)
Diluted net income (loss) per share (1)
 
(1.66
)
 
0.07

 
(0.88
)
 
(0.52
)
 
(0.33
)
 
(1)
The sum of the quarterly net income per share amounts will not necessarily equal net income per share for the year due to the use of weighted average quarterly shares and the effects of rounding.
(2)
In the quarter ended March 31, 2014, certain accrued royalty liabilities of $10.6 million associated with our historical music business, which had originally been recorded based on statutory rates, were extinguished.
(3)
In the quarter ended December 31, 2013, we sold our remaining shares of common stock in LoEn Entertainment for a net gain of $21.4 million, as described in further detail in Note 5.
(4)
In the quarter ended September 30, 2013, we accrued an aggregate of $11.5 million for certain legal matters, which was subsequently paid in the fourth quarter of 2013.