The following tables provide unaudited consolidated quarterly financial data for 2016 and 2015 (in thousands, except per share data):



	March 31, 2016			June 30, 2016			September 30, 2016		December 31, 2016
Total revenues	$	109,300		$	127,419		$	143,782	$	151,591
Gross profit (a)	85,474			84,563			113,092		116,349
Operating expenses	78,026			66,486			74,332		101,764
Net income (loss)	$	(7,527	)	$	(596	)	$	16,196	$	(10,557	)
Net income (loss) per share - basic	$	(0.22	)	$	(0.02	)	$	0.47	$	(0.31	)
Net income (loss) per share - diluted	$	(0.22	)	$	(0.02	)	$	0.43	$	(0.31	)



	March 31, 2015		June 30, 2015		September 30, 2015			December 31, 2015
Total revenues (b)	$	89,505	$	123,884	$	96,152		$	108,735
Gross profit (b)	68,479		104,205		73,803			83,288
Operating expenses (b)	39,671		43,081		75,188			60,615
Net income (loss) (c)	$	12,904	$	33,258	$	(20,584	)	$	7,201
Net income (loss) per share - basic	$	0.47	$	1.09	$	(0.62	)	$	0.21
Net income (loss) per share - diluted	$	0.39	$	0.82	$	(0.62	)	$	0.20

The sum of quarterly income (loss) per share totals differ from annual income (loss) per share totals due to rounding.


(a)	Gross profit for the second quarter of 2016 includes the impairment charge of $15.7 million relating to the MuGard Rights intangible asset.

(b) In August 2015, we acquired CBR and recorded $24.1 million and $10.0 million in CBR service revenue and cost of services, respectively, in 2015 and additional operating costs incurred as a result of the acquisition.

(c) In August 2015, we repaid the remaining $323.0 million outstanding principal amount and recognized a $10.4 million loss on debt extinguishment as a result of the early repayment, which we recorded in other income (expense) in our 2015 consolidated statements of operations.