SUPPLEMENTARY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2016

SUPPLEMENTARY FINANCIAL DATA (UNAUDITED)

SUPPLEMENTARY FINANCIAL DATA (UNAUDITED)

SUPPLEMENTARY FINANCIAL DATA (UNAUDITED)
(In thousands, except per share data)

        The following table presents certain unaudited consolidated quarterly financial information for the eight quarters in the period ended December 31, 2016. This information has been prepared on the same basis as the audited consolidated financial statements and includes all adjustments (consisting only of normal recurring adjustments) necessary to present fairly the unaudited quarterly results of operations set forth herein.

	For the Quarters Ended
	March 31			June 30			September 30			December 31
2016
Net revenue	$	24,176		$	32,472		$	33,309		$	43,612
Total operating expenses(1)		(6,644	)		(6,595	)		(5,391	)		(5,951	)
Income from operations		17,532			25,877			27,918			37,661
Net income	$	4,435		$	14,597		$	15,033		$	25,471
Basic net income per share	$	0.04		$	0.13		$	0.14		$	0.24
Diluted net income per share	$	0.04		$	0.13		$	0.13		$	0.22

	For the Quarters Ended
	March 31			June 30			September 30			December 31
2015
Net revenue	$	6,896		$	10,655		$	13,562		$	22,836
Total operationg expenses(1)		(6,151	)		(5,547	)		(5,128	)		(5,543	)
Income from operations		745			5,108			8,434			17,293
Net income (loss)	$	(10,667	)	$	(7,810	)	$	(4,584	)	$	4,301
Basic and diluted net income (loss) per share	$	(0.09	)	$	(0.07	)	$	(0.04	)	$	0.04
Cash dividends declared per common share	$	0.25		$	0.25		$	0.25		$	—

(1)           Amounts were computed independently for each quarter, and the sum of the quarters may not total the annual amounts.