SUMMARIZED QUARTERLY FINANCIAL DATA (Unaudited) (Block)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure Abstract

Quarterly Financial Information Text Block

23. SUMMARIZED QUARTERLY FINANCIAL DATA (Unaudited)

The following table presents unaudited operating results for each quarter within the two most recent years. The Company believes that all necessary adjustments, consisting only of normal recurring adjustments, have been included in the amounts stated below to present fairly the following quarterly results when read in conjunction with the financial statements included elsewhere in this report. Results of operations for any particular quarter are not necessarily indicative of results of operations for a full year. The Company’s financial results are also not comparable from quarter to quarter due to: (1) the seasonality of revenues, with revenues usually the lowest in the first quarter of each year; (2) the modifications to the Company’s Credit Facility during the fourth quarter of 2013 that reduced interest rates on outstanding debt resulting in a decrease to interest expense, as described in Note 8, Long-Term Debt; and (3) the settlement of a legal claim during the third quarter of 2014.

	Quarters Ended
	December 31		September 30		June 30		March 31
	(amounts in thousands, except per share data)
2014
Net revenues	$	101,513	$	99,840	$	100,201	$	78,235
Operating income	$	28,531	$	21,205	$	23,916	$	11,924
Net income (loss)	$	10,850	$	6,473	$	8,137	$	1,363
Basic net income (loss) per common share ⁽¹⁾	$	0.29	$	0.17	$	0.22	$	0.04
Weighted average basic common shares outstanding		37,779		37,693		37,687		37,660
Diluted net income (loss) per common share ⁽¹⁾	$	0.28	$	0.17	$	0.21	$	0.04
Weighted average diluted common and common equivalent shares outstanding		38,730		38,482		38,446		38,501

	Quarters Ended
	December 31		September 30		June 30		March 31
	(amounts in thousands, except per share data)
2013
Net revenues	$	99,583	$	98,436	$	101,239	$	78,360
Operating income	$	29,241	$	23,286	$	28,268	$	11,772
Net income (loss)	$	9,507	$	6,875	$	9,893	$	(251)
Basic net income (loss) per common share ⁽¹⁾	$	0.25	$	0.18	$	0.26	$	(0.01)
Weighted average basic common shares outstanding		37,471		37,386		37,344		37,138
Diluted net income (loss) per common share ⁽¹⁾	$	0.25	$	0.18	$	0.26	$	(0.01)
Weighted average diluted common and common equivalent shares outstanding		38,336		38,153		38,103		37,138

Basic and diluted net income per share is computed independently for each quarter and the full year based upon respective average shares outstanding. Therefore, the sum of the quarterly per share amounts may not equal the annual per share amounts reported.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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