Quarterly Results of Operations

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results of Operations

21. QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

The following is a summary of the quarterly results of operations for the years ended December 31, 2018 and 2017 (in thousands, except per share data). The Company believes that the following information reflects all normal recurring adjustments necessary for a fair presentation of the information for the periods presented. The operating results for any quarter are not necessarily indicative of results for any future period.

Year ended December 31, 2018:	First Quarter			Second Quarter		Third Quarter		Fourth Quarter		Total
Net revenue	$	66,838		$	74,329	$	74,575	$	82,073	$	297,815
Net income applicable to common stockholders		(1,807	)		4,840		2,215		6,913		12,161
Net income per share, basic	$	(0.02	)	$	0.05	$	0.02	$	0.08	$	0.14
Net income per share, diluted	$	(0.02	)	$	0.05	$	0.02	$	0.08	$	0.13

Year ended December 31, 2017 (Revised):	First Quarter		Second Quarter		Third Quarter		Fourth Quarter (1)		Total (1)
Net revenue (2)	$	57,510	$	70,509	$	334,555	$	73,460	$	536,034
Net income applicable to common stockholders (1)		2,618		3,326		157,014		12,740		175,698
Net income per share, basic (1)	$	0.03	$	0.04	$	1.73	$	0.14	$	1.95
Net income per share, diluted (1)	$	0.03	$	0.04	$	1.70	$	0.14	$	1.91

(1) Certain amounts reported for the second, third and fourth quarters, and for the year ended December 31, 2017 have been revised. See Note 3.

(2) Net revenue for the third quarter of 2017 includes $263.9 million related to the Company’s participation in the FCC auction for broadcast spectrum.