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Consolidated Quarterly Financial Data-Unaudited
 12 Months Ended
Dec. 31, 2015
Consolidated Quarterly Financial Data-Unaudited  
Consolidated Quarterly Financial Data-Unaudited

T. CONSOLIDATED QUARTERLY FINANCIAL DATA—UNAUDITED

The following tables provide unaudited consolidated quarterly financial data for 2015 and 2014 (in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

March 31, 2015

    

June 30, 2015

    

September 30, 2015

    

December 31, 2015

 

Total revenues (a)

 

$
89,505

 

$
123,884

 

$
96,152

 

$
108,735

 

Gross profit (a)

 

 
68,479

 

 
104,205

 

 
73,803

 

 
83,288

 

Operating expenses (a)

 

 
39,671

 

 
43,081

 

 
75,188

 

 
60,615

 

Net income (loss) (b)

 

$
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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

March 31, 2014

    

June 30, 2014

    

September 30, 2014

    

December 31, 2014

 

Total revenues (c)

 

$
20,835

 

$
24,802

 

$
25,494

 

$
53,253

 

Gross profit (c)

 

 
17,998

 

 
22,059

 

 
22,526

 

 
41,495

 

Operating expenses (c)

 

 
23,989

 

 
20,824

 

 
18,233

 

 
44,869

 

Net income (loss) (d)

 

$
(7,102)

 

$
(1,547)

 

$
1,458

 

$
143,008

 

Net income (loss) per share - basic

 

$
(0.33)

 

$
(0.07)

 

$
0.07

 

$
5.98

 

Net income (loss) per share - diluted

 

$
(0.33)

 

$
(0.07)

 

$
0.07

 

$
4.67

 

 

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

 

(a)   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.

 

(b)   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 have recorded in other income (expense) in our consolidated statements of operations.

 

(c)   In November 2014, we acquired Lumara Health and recorded $22.5 million in Makena sales in 2014 and additional operating costs incurred as a result of the acquisition.

 

(d)   In the fourth quarter of 2014, we recognized a $153.2 million income tax benefit in connection with the 2014 Lumara Health acquisition.