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SUMMARIZED QUARTERLY FINANCIAL DATA
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
SUMMARIZED QUARTERLY FINANCIAL DATA 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 the Company’s acquisitions and dispositions activities as described in Note 3, Business Combinations, and due to the seasonality of revenues, with revenues usually the lowest in the first quarter of each year.
Quarters Ended
December 31September 30June 30March 31
(amounts in thousands, except per share data)
2019
Net revenues$414,118  $386,141  $380,665  $309,005  
Operating income$(455,492) $79,490  $64,762  $30,383  
Net income (loss) available to the Company from continuing operations$(487,537) $38,208  $25,992  $3,125  
Preferred stock dividend$—  $—  $—  $—  
Net income available to common shareholders from continuing operations$(487,537) $38,208  $25,992  $3,125  
Income (loss) from discontinued operations, net of income taxes$—  $—  $—  $—  
Net income (loss) available to common shareholders$(487,537) $38,208  $25,992  $3,125  
Net income (loss) from continuing operations per share - basic (1)
$(3.64) $0.28  $0.19  $0.02  
Net income (loss) from discontinued operations, net of tax, per share - basic (1)
$—  $—  $—  $—  
Net income (loss) available to common shareholders per share - basic (1)
$(3.64) $0.28  $0.19  $0.02  
Weighted average common shares outstanding - basic133,985  136,449  138,760  138,099  
Net income (loss) from continuing operations per share - diluted (1)
$(3.64) $0.28  $0.19  $0.02  
Net income (loss) from discontinued operations, net of tax, per share - diluted (1)
$—  $—  $—  $—  
Net income (loss) available to common shareholders per share - diluted (1)
$(3.64) $0.28  $0.19  $0.02  
Weighted average common shares outstanding - diluted133,985  136,453  139,074  138,523  
Preferred stock dividends declared and paid$—  $—  $—  $—  
Common stock dividends declared and paid$2,679  $2,677  $12,487  $12,430  
Quarters Ended
December 31September 30June 30March 31
(amounts in thousands, except per share data)
2018
Net revenues$411,375  $378,508  $372,124  $300,560  
Operating income$(377,593) $78,733  $27,552  $5,689  
Income (loss) available to the Company from continuing operations$(386,568) $36,590  $1,597  $(14,206) 
Preferred stock dividend$—  $—  $—  $—  
Net income available to common shareholders from continuing operations$(386,568) $36,590  $1,597  $(14,206) 
Income (loss) from discontinued operations, net of income taxes$(378) $358  $844  $328  
Net income (loss) available to common shareholders$(386,946) $36,948  $2,441  $(13,878) 
Net income (loss) from continuing operations per share - basic (1)
$(2.80) $0.26  $0.01  $(0.10) 
Net income (loss) from discontinued operations, net of tax, per share - basic (1)
$—  $—  $—  $—  
Net income (loss) available to common shareholders per share - basic (1)
$(2.80) $0.27  $0.02  $(0.10) 
Weighted average common shares outstanding - basic138,033  138,740  138,639  138,939  
Net income (loss) from continuing operations per share - diluted (1)
$(2.80) $0.26  $0.01  $(0.10) 
Net income (loss) from discontinued operations, net of tax, per share - diluted (1)
$—  $—  $—  $—  
Net income (loss) available to common shareholders per share - diluted (1)
$(2.80) $0.27  $0.02  $(0.10) 
Weighted average common shares outstanding - diluted138,033  139,103  139,263  138,939  
Preferred stock dividends declared and paid$—  $—  $—  $—  
Common stock dividends declared and paid$12,367  $12,486  $12,475  $12,441  
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(1) Income (loss) from continuing operations per share, income (loss) from discontinued operations per share, and net income (loss) per share are 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.