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Supplemental Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Supplemental Quarterly Financial Information (Unaudited)
 
 
Quarter Ended
 
 
Successor
Fiscal Year 2018
 
March 31
 
June 30
 
September 30
 
December 31
Total revenues
 
$
421,788

 
$
322,555

 
$
273,304

 
$
360,360

Gross profit (1)
 
$
223,328

 
$
136,674

 
$
99,412

 
$
191,776

Operating income
 
$
187,254

 
$
101,096

 
$
62,719

 
$
157,218

Net income (2)
 
$
178,694

 
$
91,312

 
$
52,591

 
$
374,190

Net income per share—basic
 
$
3.36

 
$
1.72

 
$
1.00

 
$
7.13

Net income per share—diluted
 
$
3.36

 
$
1.72

 
$
1.00

 
$
7.11

 
 
 
 
 
 
 
 


 
 
Quarter Ended
 
 
Successor
Fiscal Year 2017
 
March 31
 
June 30
 
September 30
 
December 31
Total revenues
 
$
253,964

 
$
363,370

 
$
311,955

 
$
239,803

Gross profit (1)
 
$
139,641

 
$
195,423

 
$
115,406

 
$
97,670

Operating income (loss)
 
$
110,853

 
$
163,276

 
$
82,770

 
$
66,502

Net income (loss) (3)
 
$
108,308

 
$
129,865

 
$
119,717

 
$
97,156

Net income (loss) per share—basic and diluted (4)
 
2.06

 
$
2.46

 
$
2.27

 
$
1.83

(1) 
Represents total revenues less cost of sales (exclusive of items shown separately below) and cost of other revenues (exclusive of items shown separately below) for each respective period.
(2)
Net income included transaction and other costs of $3.3 million, $1.0 million, $3.3 million, and $1.5 million for the three months ended March 31, 2018, June 30, 2018, September 30, 2018, and December 31, 2018. Net income for the three months ended December 31, 2018 also includes the impact of the NOL valuation allowance release discussed further in Note 8 and a change in the ARO due to revisions to estimates discussed further in Note 9.
(3) 
Net income included transaction and other costs of $9.0 million and $3.8 million for the three months ended March 31, 2017 and June 30, 2017. Net income for the three months ended December 31, 2017 also includes the impact of the enactment of the Tax Cuts and Jobs Act.
(4) 
The sum of quarterly EPS amounts may be different than annual amounts as a result of the impact of variations in shares outstanding.