

	2015
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
				(b)			(c)			(d)
Net revenue	$	111,424		$	108,296		$	103,764		$	100,839
Operating (loss) income	(7,941		)	(41,451		)	(19,711		)	76,217
Net (loss) income	(12,764		)	(31,068		)	(22,006		)	86,996
(Loss) earnings per share (a)
Basic	$	(0.52	)	$	(1.26	)	$	(0.89	)	$	3.50
Diluted	$	(0.52	)	$	(1.26	)	$	(0.89	)	$	3.47



	2014
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
							(e)			(f)
Net revenue	$	115,903		$	115,697		$	112,521		$	109,721
Operating (loss) income	(2,104		)	2,068			2,412			(1,624		)
Net loss	(3,515		)	(919		)	(867		)	(63,688		)
Loss per share (a)
Basic	$	(0.15	)	$	(0.04	)	$	(0.04	)	$	(2.62	)
Diluted	$	(0.15	)	$	(0.04	)	$	(0.04	)	$	(2.62	)


(a)	Basic and diluted (loss) earnings per share are computed independently for each quarter presented. Accordingly, the sum of the quarterly earnings per share may not agree with the calculated full year earnings per share.


(b)	Net loss and loss per share for the second quarter of 2015 included $32,572 and $0.84, respectively, comprised of non-cash goodwill impairment charge of $31,558 and non-cash fixed asset impairment charge of $1,014.


(c)	Net loss and loss per share for the third quarter of 2015 included $12,420 and $0.50, respectively, of non-cash fixed asset impairment charge.


(d)	Net income and diluted earnings per share for the fourth quarter of 2015 included $90,024 and $2.24, respectively, comprised of the following: gain on sale of building of $77,146, gain on extinguishment of debt of $17,911 and gain on lease termination of $2,967.

(e)

Net loss and loss per share for the third quarter of 2014 included $833 and $0.03, respectively, comprised of the following: $928, net of tax, occupancy gain related to club closures, $60, net of tax, related to rental income from the Company's former tenant in the East 86th Street building, $24, net of tax, resulting from rent paid under the building financing arrangement (recorded in interest expense on the accompanying consolidated statement of operations), partially offset by $123, net of tax, related to legal damages resulting from a legal judgment and $56, net of tax, related to legal and other expenses associated with club closures.


(f)	Net loss and loss per share for the fourth quarter of 2014 included $60,368 and $2.48, respectively, comprised of non-cash charge related to a tax valuation allowance recorded against deferred tax assets.