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Quarterly Results (Unaudited)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY RESULTS (UNAUDITED)
QUARTERLY RESULTS (UNAUDITED)
Presented below is a summary of the unaudited quarterly financial information for the years ended December 31, 2018 and 2017 (in thousands, except for per share amounts). In the opinion of management, the information for the interim periods presented includes all adjustments which are of a normal and recurring nature, necessary to present a fair presentation of the results for each period.
 
 
December 31, 2018
 
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Revenues
 
$
109,503

 
$
107,395

 
$
105,705

 
$
108,673

Net income (loss)
 
$
19,073

 
$
17,825

 
$
14,905

 
$
(14,391
)
Net income (loss) attributable to the Company
 
$
19,039

 
$
17,792

 
$
14,872

 
$
(14,425
)
Basic and diluted net income (loss) per common share (1)
 
$
0.06

 
$
0.06

 
$
0.05

 
$
(0.05
)

____________________________________
(1)
The Company calculates net income per share based on the weighted-average number of outstanding shares of common stock during the reporting period. The average number of shares fluctuates throughout the year and can therefore produce a full year result that does not agree to the sum of the individual quarters.
 
 
December 31, 2017
 
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Revenues
 
$
104,780

 
$
104,504

 
$
107,024

 
$
107,787

Net income
 
$
16,251

 
$
18,107

 
$
29,769

 
$
15,424

Net income attributable to the Company
 
$
16,217

 
$
18,075

 
$
29,736

 
$
15,392

Basic and diluted net income per common share (1)
 
$
0.05

 
$
0.06

 
$
0.10

 
$
0.05

____________________________________
(1)
The Company calculates net income per share based on the weighted-average number of outstanding shares of common stock during the reporting period. The average number of shares fluctuates throughout the year and can therefore produce a full year result that does not agree to the sum of the individual quarters.