Unaudited summary quarterly financial data for the years ended December 31, 2018 and 2017 was as follows:

	2018
	First			Second		Third		Fourth
	Quarter ^(a)			Quarter ^(b)		Quarter ^(c)		Quarter ^(d)
	(Unaudited, in thousands, except per share amounts)
Total revenues	$	217,166		$	391,921	$	483,175	$	280,028
Operating (loss) income	$	(66,147	)	$	55,210	$	151,730	$	10,874
Net (loss) income	$	(62,844	)	$	22,697	$	95,988	$	(11,053	)
(Loss) earnings per share:
(Loss) earnings per share, basic	$	(0.73	)	$	0.26	$	1.11	$	(0.13	)
(Loss) earnings per share, diluted	$	(0.73	)	$	0.26	$	1.10	$	(0.13	)

	2017
	First			Second			Third		Fourth
	Quarter ^(e)			Quarter ^(f)			Quarter ^(g)		Quarter
	(Unaudited, in thousands, except per share amounts)
Total revenues	$	186,357		$	373,750		$	437,712	$	265,505
Operating (loss) income	$	(76,735	)	$	(222,564	)	$	108,822	$	(10,886	)
Net (loss) income	$	(61,129	)	$	(175,850	)	$	55,034	$	(20,441	)
(Loss) earnings per share:
(Loss) earnings per share, basic	$	(0.72	)	$	(2.05	)	$	0.64	$	(0.24	)
(Loss) earnings per share, diluted	$	(0.72	)	$	(2.05	)	$	0.64	$	(0.24	)

^(a⁾	During the first quarter of 2018, the Company recorded $21.5 million of pre-tax expenses associated with separation-related costs and a legal settlement accrual. See Note 15–Commitments and Contingencies and Note 21–Restructuring Programs and Other Separation Costs for further details.

^(b⁾

During the second quarter of 2018, the Company recorded $8.7 million of pre-tax expenses associated with separation-related costs and a legal settlement accrual. See Note 15–Commitments and Contingencies and Note 21–Restructuring Programs and Other Separation Costs for further details. The Company also recorded approximately $4.5 million in fixed asset disposals associated with certain rides and equipment which were removed from service during the quarter. See Note 8–Property and Equipment, Net for further details.

^(c)

During the third quarter of 2018, the Company recorded $3.9 million in restructuring and other separation costs primarily related to severance costs and other termination benefits. See Note 21–Restructuring Programs and Other Separation Costs for further details. The Company also recorded approximately $3.8 million in fixed asset disposals associated with certain rides and equipment which were removed from service during the quarter. See Note 8–Property and Equipment, Net for further details.

^(d)

During the fourth quarter of 2018, the Company recorded a loss on early extinguishment of debt and write-off of discounts and debt issuance costs of $8.2 million related the Amended Credit Agreement. See Note 12–Long-Term Debt for further details. The Company also recorded approximately $2.5 million in fixed asset disposals associated with certain rides and equipment which were removed from service during the quarter. See Note 8–Property and Equipment, Net for further details.

^(e)	During the first quarter of 2017, the Company recorded a loss on early extinguishment of debt and write-off of discounts and debt issuance costs of $8.0 million related to Amendment No. 8 to its Existing Credit Agreement. See Note 12–Long-Term Debt for further details.

^(f)

During the second quarter of 2017, the Company recorded a non-cash goodwill impairment charge of $269.3 million related to the full impairment of the Company’s SeaWorld Orlando reporting unit and equity compensation expense of approximately $8.4 million related to certain of the Company’s performance-vesting restricted shares (the “2.75x Performance Restricted shares”) for which a portion vested on May 8, 2017 with the closing of the ZHG Transaction. See Note 9–Goodwill, Net and Note 19–Equity-Based Compensation for further details.

^(g)	During the third quarter of 2017, the Company recorded $5.1 million in restructuring and other separation costs primarily related to severance costs and other termination benefits. See Note 21–Restructuring Programs and Other Separation Costs for further details.

Based upon historical results, the Company typically generates its highest revenues in the second and third quarters of each year and incurs a net loss in the first and fourth quarters, in part because seven of its theme parks are only open for a portion of the year.