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Supplemental quarterly financial data (unaudited)
12 Months Ended
Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]  
Supplemental quarterly financial data (unaudited)
Note 21Supplemental quarterly financial data (unaudited)
The Company's results by quarter for the periods presented are as follows:
 December 31, 2020
(in thousands, except per share data)
First
Quarter(1)
Second
Quarter(1)
Third
Quarter(1)
Fourth
Quarter(1)
Revenues$204,992 $110,588 $173,547 $188,065 
Operating loss$(181,972)$(434,052)$(167,678)$(78,031)
Net income (loss)$74,646 $(545,455)$(237,432)$(165,932)
Net income (loss) per common share:(2)
Basic$6.43 $(46.75)$(20.32)$(14.18)
Diluted$6.39 $(46.75)$(20.32)$(14.18)
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(1)See Note 6.a for discussion of the Company's full cost ceiling impairments recorded.
(2)Per share data was retroactively adjusted to reflect the Company's 1-for-20 reverse stock split effective June 1, 2020, as described in Note 8.a.
December 31, 2019
(in thousands, except per share data)First
Quarter
Second
Quarter(1)
Third
Quarter(2)
Fourth
Quarter(2)
Revenues$208,947 $216,643 $193,569 $218,122 
Operating income (loss)$54,397 $57,828 $(350,439)$(170,377)
Net income (loss)$(9,491)$173,382 $(264,629)$(241,721)
Net income (loss) per common share:(3)
Basic$(0.82)$14.99 $(22.86)$(20.86)
Diluted$(0.82)$14.98 $(22.86)$(20.86)
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(1)See Note 16.a for discussion of a favorable litigation settlement received.
(2)See Note 6.a for discussion of the Company's full cost ceiling impairments recorded.
(3)Per share data was retroactively adjusted to reflect the Company's 1-for-20 reverse stock split effective June 1, 2020, as described in Note 8.a.