Quarterly Financial Information (Tables)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information (unaudited)

Schedule of Quarterly Financial Information

Summarized quarterly results were as follows (in thousands, except shares and per share amounts):

	For the Quarter Ended
	March 31, 2019		June 30, 2019		September 30, 2019		December 31, 2019
Total revenue	$	71,178	$	71,381	$	71,541	$	68,193
Total operating expenses		58,233		49,311		48,097		58,213
Operating income		12,945		22,070		23,444		9,980
Total other expenses, net		(2,780)		(2,751)		(2,727)		(2,416)
Income before provision for income taxes		10,165		19,319		20,717		7,564
Provision for income taxes		(1,908)		(3,186)		(3,453)		(2,362)
Net income		8,257		16,133		17,264		5,202
Less: net income attributable to non-controlling interest		3,848		7,563		8,091		2,314
Net income attributable to Holdings	$	4,409	$	8,570	$	9,173	$	2,888
Net income attributable to Holdings per share of Class A common stock
Basic	$	0.25	$	0.48	$	0.51	$	0.16
Diluted	$	0.25	$	0.48	$	0.51	$	0.16
Weighted average shares of Class A common stock outstanding
Basic		17,775,381		17,808,321		17,826,332		17,837,386
Diluted		17,817,620		17,833,958		17,840,158		17,978,431
	For the Quarter Ended
	March 31, 2018		June 30, 2018		September 30, 2018		December 31, 2018
Total revenue	$	52,642	$	54,277	$	54,866	$	50,841
Total operating expenses		38,925		33,363		33,059		29,428
Operating income		13,717		20,914		21,807		21,413
Total other expenses, net		(2,688)		(3,176)		(2,846)		(2,977)
Income before provision for income taxes		11,029		17,738		18,961		18,436
Provision for income taxes		(1,997)		(3,283)		(3,555)		(7,507)
Net income		9,032		14,455		15,406		10,929
Less: net income attributable to non-controlling interest		4,089		6,848		7,307		4,695
Net income attributable to Holdings	$	4,943	$	7,607	$	8,099	$	6,234
Net income attributable to Holdings per share of Class A common stock
Basic	$	0.28	$	0.43	$	0.46	$	0.35
Diluted	$	0.28	$	0.43	$	0.46	$	0.35
Weighted average shares of Class A common stock outstanding
Basic		17,709,095		17,746,042		17,746,184		17,748,745
Diluted		17,762,133		17,769,641		17,771,212		17,771,180