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QUARTERLY FINANCIAL DATA (UNAUDITED)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)
QUARTERLY FINANCIAL DATA (Unaudited)
The following is a summary of selected unaudited quarterly financial data for the years ended December 31, 2018 and 2017 (in thousands, except per share data):
 
Year Ended December 31, 2018
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total
Year
Revenues
$
302,385

 
$
343,889

 
$
290,856

 
$
309,799

 
$
1,246,929

Gross margin
$
75,534

 
$
97,182

 
$
70,139

 
$
85,401

 
$
328,256

Operating income (loss)
$
(14,125
)
 
$
1,799

 
$
(19,694
)
 
$
(6,941
)
 
$
(38,961
)
Income (loss) from continuing operations1
$
(12,264
)
 
$
(31,341
)
 
$
(23,526
)
 
$
3,985

 
$
(63,146
)
Net income (loss)1
$
(12,264
)
 
$
(31,341
)
 
$
(23,526
)
 
$
3,985

 
$
(63,146
)
Basic earnings (loss) per share:
 
 
 
 
 
 
 
 
 
Continuing operations1
$
(0.41
)
 
$
(1.04
)
 
$
(0.78
)
 
$
0.13

 
$
(2.10
)
Net income (loss)1
$
(0.41
)
 
$
(1.04
)
 
$
(0.78
)
 
$
0.13

 
$
(2.10
)
Diluted earnings (loss) per share:
 
 
 
 
 
 
 
 
 
Continuing operations1
$
(0.41
)
 
$
(1.04
)
 
$
(0.78
)
 
$
0.13

 
$
(2.10
)
Net income (loss)1
$
(0.41
)
 
$
(1.04
)
 
$
(0.78
)
 
$
0.13

 
$
(2.10
)


 
Year Ended December 31, 2017
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total
Year
Revenues
$
286,554

 
$
312,256

 
$
285,067

 
$
316,334

 
$
1,200,211

Gross margin
$
74,804

 
$
84,643

 
$
68,941

 
$
81,611

 
$
309,999

Operating loss2
$
(12,088
)
 
$
(6,693
)
 
$
(94,116
)
 
$
(2,213
)
 
$
(115,110
)
Income (loss) from continuing operations1
$
(9,508
)
 
$
(11,086
)
 
$
(83,528
)
 
$
19,667

 
$
(84,455
)
Net income (loss)1
$
(9,508
)
 
$
(11,086
)
 
$
(83,528
)
 
$
19,667

 
$
(84,455
)
Basic earnings (loss) per share:
 
 
 
 
 
 
 
 
 
Continuing operations1
$
(0.32
)
 
$
(0.37
)
 
$
(2.80
)
 
$
0.66

 
$
(2.83
)
Net income (loss)1
$
(0.32
)
 
$
(0.37
)
 
$
(2.80
)
 
$
0.66

 
$
(2.83
)
Diluted earnings (loss) per share:
 
 
 
 
 
 
 
 
 
Continuing operations1
$
(0.32
)
 
$
(0.37
)
 
$
(2.80
)
 
$
0.66

 
$
(2.83
)
Net income (loss)1
$
(0.32
)
 
$
(0.37
)
 
$
(2.80
)
 
$
0.66

 
$
(2.83
)
_____________
1
Income (loss) from continuing operations, net income (loss) and the related earnings (loss) per share amounts for each of the quarters in 2018 and the fourth quarter of 2017 are revised from those originally reported to correct errors in income tax expense (benefit) associated with the measurement of valuation allowances on deferred tax assets. Based on an analysis of quantitative and qualitative factors, the Company determined the related impacts were not material to its previously filed annual or interim consolidated financial statements, and therefore, amendments of previously filed reports are not required.
2
Includes a goodwill impairment loss of $75.2 million in the third quarter of 2017.