XML 45 R47.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information

Summarized quarterly financial data for the years ended December 31, 2019 and 2018 is set forth below (in thousands, except per share data).
 
First
 
Second
 
Third
 
Fourth
 
 
 
Quarter
 
Quarter
 
Quarter
 
Quarter
 
Total
2019
 
 
 
 
 
 
 
 
 
Revenue
$
144,408

 
$
155,654

 
$
140,417

 
$
139,441

 
$
579,920

Gross profit (1)
19,102

 
25,062

 
20,825

 
16,357

 
81,346

Operating loss (2)
(20,294
)
 
(12,514
)
 
(14,803
)
 
(165,279
)
 
(212,890
)
Net loss
(28,287
)
 
(15,160
)
 
(23,789
)
 
(168,093
)
 
(235,329
)
Loss per common share: (3)
 
 
 
 
 
 
 
 
 
Basic and diluted
$
(0.13
)
 
$
(0.07
)
 
$
(0.11
)
 
$
(0.75
)
 
$
(1.05
)
 
 
 
 
 
 
 
 
 
 
2018
 
 
 
 
 
 
 
 
 
Revenue
$
115,569

 
$
132,085

 
$
128,986

 
$
145,853

 
$
522,493

Gross profit (1)
2,262

 
13,766

 
12,594

 
17,174

 
45,796

Operating loss
(34,907
)
 
(23,782
)
 
(13,591
)
 
(20,601
)
 
(92,881
)
Net loss
(42,073
)
 
(25,763
)
 
(6,999
)
 
(15,898
)
 
(90,733
)
Loss per common share: (3)
 
 
 
 
 
 
 
 
 
Basic and diluted
$
(0.19
)
 
$
(0.12
)
 
$
(0.03
)
 
$
(0.07
)
 
$
(0.41
)
 
 
(1) 
Gross profit is defined as total revenue less cost of revenue less depreciation and amortization attributed to cost of revenue.
(2) 
Fourth quarter 2019 includes a goodwill impairment charge of $111.1 million, fixed asset impairment charges of $28.8 million, inventory impairments of $4.2 million and intangible asset impairments of $3.3 million. Please see Note 1—Basis of Presentation and Significant Accounting Policies and Note 18—Severance and Other Charges (Credits), net for additional details.
(3) 
The sum of the individual quarterly income (losses) per share amounts may not agree with year-to-date net income (loss) per common share as each quarterly computation is based on the weighted average number of common shares outstanding during that period.