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UNAUDITED QUARTERLY RESULTS OF OPERATIONS (Notes)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
UNAUDITED QUARTERLY RESULTS OF OPERATIONS
UNAUDITED QUARTERLY RESULTS OF OPERATIONS
The following table presents our summarized, unaudited quarterly information for the two most recent years covered by these consolidated financial statements (in thousands, except for per share data):
 
Quarter Ended
 
March 31
 
June 30
 
September 30
 
December 31
Year Ended December 31, 2018:
 
 
 
 
 
 
 
Revenues
$
125,316

 
$
144,405

 
$
134,721

 
$
117,253

Direct operating expenses
98,211

 
109,747

 
106,103

 
92,335

Net loss
(24,963
)
 
(16,895
)
 
(23,860
)
 
(23,078
)
Loss per share(1):
 
 
 
 
 
 
 
Basic and diluted
(1.23
)
 
(0.84
)
 
(1.18
)
 
(1.14
)
 
Quarter Ended
 
March 31
 
June 30
 
September 30
 
December 31
Year Ended December 31, 2017:
 
 
 
 
 
 
 
Revenues
$
101,452

 
$
107,780

 
$
110,653

 
$
116,280

Direct operating expenses
87,306

 
63,560

 
87,115

 
94,351

Net loss
(46,859
)
 
(13,183
)
 
(38,220
)
 
(22,327
)
Loss per share(1):
 
 
 
 
 
 
 
Basic and Diluted
(2.33
)
 
(0.66
)
 
(1.90
)
 
(1.11
)
(1)
Quarterly earnings per common share are based on the weighted average number of shares outstanding during the quarter, and the sum of the quarters may not equal annual earnings per common share.