XML 39 R23.htm IDEA: XBRL DOCUMENT v3.10.0.1
QUARTERLY FINANCIAL DATA (UNAUDITED)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY FINANCIAL DATA (UNAUDITED)
QUARTERLY FINANCIAL DATA (UNAUDITED)
Summarized quarterly results for the years ended December 31, 2018 and 2017 were as follows:
 
 
Three Months Ended 
 
 
2018
 
March 31 
 
June 30 
 
September 30 
 
December 31 
 
Full Year 
Revenues
 
$
424,148

 
$
445,647

 
$
468,186

 
$
504,931

 
$
1,842,912

Operating expenses:
 
  

 
 
 
 
 
 
 
 

Cost of revenues (exclusive of depreciation and amortization)
 
277,634

 
289,175

 
301,081

 
319,031

 
1,186,921

Selling, general and administrative expenses
 
89,641

 
93,273

 
93,226

 
97,447

 
373,587

Depreciation and amortization expense
 
8,176

 
8,962

 
9,319

 
10,183

 
36,640

Income from operations
 
48,697

 
54,237

 
64,560

 
78,270

 
245,764

Interest and other income/(expense), net
 
(551
)
 
1,052

 
1,941

 
1,080

 
3,522

Foreign exchange gain/(loss)
 
(247
)
 
1,830

 
(514
)
 
(582
)
 
487

Income before provision for/(benefit from) income taxes
 
47,899

 
57,119

 
65,987

 
78,768

 
249,773

Provision for/(benefit from) income taxes
 
(16,519
)
 
6,864

 
369

 
18,803

 
9,517

Net income
 
$
64,418

 
$
50,255

 
$
65,618

 
$
59,965

 
$
240,256

Comprehensive income
 
$
67,796

 
$
32,345

 
$
63,426

 
$
52,798

 
$
216,365

Basic net income per share(1)
 
$
1.21

 
$
0.94

 
$
1.22

 
$
1.11

 
$
4.48

Diluted net income per share(1)
 
$
1.15

 
$
0.89

 
$
1.15

 
$
1.05

 
$
4.24

(1)
Earnings per share amounts for each quarter may not necessarily total to the yearly earnings per share due to the weighting of shares outstanding on a quarterly and year to date basis.
 
 
Three Months Ended 
 
 
2017
 
March 31 
 
June 30 
 
September 30 
 
December 31 
 
Full Year 
Revenues
 
$
324,651

 
$
348,977

 
$
377,523

 
$
399,297

 
$
1,450,448

Operating expenses:
 
 

 
 
 
 
 
 
 
 

Cost of revenues (exclusive of depreciation and amortization)
 
207,730

 
220,132

 
239,369

 
254,121

 
921,352

Selling, general and administrative expenses
 
79,283

 
81,143

 
81,732

 
85,430

 
327,588

Depreciation and amortization expense
 
6,672

 
7,020

 
7,174

 
7,696

 
28,562

Income from operations
 
30,966

 
40,682

 
49,248

 
52,050

 
172,946

Interest and other income, net
 
584

 
802

 
1,416

 
1,799

 
4,601

Foreign exchange (loss)/gain
 
(2,955
)
 
1,562

 
(77
)
 
(1,772
)
 
(3,242
)
Income before provision for income taxes
 
28,595

 
43,046

 
50,587

 
52,077

 
174,305

Provision for income taxes
 
4,954

 
5,687

 
7,953

 
82,951

 
101,545

Net income/(loss)
 
$
23,641

 
$
37,359

 
$
42,634

 
$
(30,874
)
 
$
72,760

Comprehensive income/(loss)
 
$
30,027

 
$
41,910

 
$
48,337

 
$
(27,449
)
 
$
92,825

Basic net income/(loss) per share(1)
 
$
0.46

 
$
0.72

 
$
0.81

 
$
(0.58
)
 
$
1.40

Diluted net income/(loss) per share(1) (2)
 
$
0.44

 
$
0.68

 
$
0.77

 
$
(0.58
)
 
$
1.32


(1)
Earnings per share amounts for each quarter may not necessarily total to the yearly earnings per share due to the weighting of shares outstanding on a quarterly and year to date basis.
(2)
Due to the net loss during the three months ended December 31, 2017, zero incremental shares are included in the calculation of diluted loss per share because of their antidilutive effect.