Quarterly Financial Data (unaudited)

12 Months Ended

Dec. 31, 2021

Effective October 1, 2021, we elected to adopt the FIFO inventory valuation methodology where we had previously valued inventory on the LIFO basis. Accordingly, amounts previously reported for all quarters of 2020 and the first, second and third quarters of 2021 have been recast from what was previously reported in our quarterly filings on Form 10-Q and annual filing on Form 10-K.


	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Total
2021
Revenue	$	915,197	$	899,203	$	875,449	$	983,712	$	3,673,561
Cost of revenue	627,635		610,307		601,582		712,039		2,551,563
Operating expenses	329,209		263,105		266,897		270,202		1,129,413
(Loss) income from continuing operations before income taxes	(41,647)		25,791		6,970		1,471		(7,415)
(Benefit) provision for income taxes	(13,992)		4,915		(1,525)		(320)		(10,922)
(Loss) income from continuing operations	(27,655)		20,876		8,495		1,791		3,507
Income (loss) from discontinued operations	(3,886)		(1,020)		572		(524)		(4,858)
Net (loss) income	$	(31,541)	$	19,856	$	9,067	$	1,267	$	(1,351)
Basic (loss) earnings per share (1)
Continuing operations	$	(0.16)	$	0.12	$	0.05	$	0.01	$	0.02
Discontinued operations	(0.02)		(0.01)		—		—		(0.03)
Net (loss) income	$	(0.18)	$	0.11	$	0.05	$	0.01	$	(0.01)
Diluted (loss) earnings per share (1)
Continuing operations	$	(0.16)	$	0.12	$	0.05	$	0.01	$	0.02
Discontinued operations	(0.02)		(0.01)		—		—		(0.03)
Net (loss) income	$	(0.18)	$	0.11	$	0.05	$	0.01	$	(0.01)


	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Total
2020
Revenue	$	796,268	$	837,492	$	891,898	$	1,028,417	$	3,554,075
Cost of revenues	502,891		565,532		608,242		727,995		2,404,660
Operating expenses	521,954		255,477		272,380		282,973		1,332,784
Income (loss) from continuing operations before income taxes	(228,577)		16,483		11,276		17,449		(183,369)
Provision (benefit) for income taxes	(10,026)		16,957		541		(350)		7,122
(Loss) income from continuing operations	(218,551)		(474)		10,735		17,799		(190,491)
(Loss) income from discontinued operations	10,064		(3,032)		616		2,467		10,115
Net (loss) income	$	(208,487)	$	(3,506)	$	11,351	$	20,266	$	(180,376)
Basic (loss) earnings per share (1):
Continuing operations	$	(1.28)	$	—	$	0.06	$	0.10	$	(1.11)
Discontinued operations	0.06		(0.02)		—		0.01		0.06
Net (loss) income	$	(1.22)	$	(0.02)	$	0.07	$	0.12	$	(1.05)
Diluted (loss) earnings per share (1):
Continuing operations	$	(1.28)	$	—	$	0.06	$	0.10	$	(1.11)
Discontinued operations	0.06		(0.02)		—		0.01		0.06
Net (loss) income	$	(1.22)	$	(0.02)	$	0.06	$	0.11	$	(1.05)

(1) The sum of earnings per share amounts may not equal the totals due to rounding.