XML 44 R30.htm IDEA: XBRL DOCUMENT v3.8.0.1
QUARTERLY DATA (UNAUDITED)
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY DATA (UNAUDITED)
QUARTERLY DATA (UNAUDITED)
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
(in thousands except per share amounts)
2017
 
 
 
 
 
 
 
Revenues
$
688,941

 
$
752,788

 
$
755,846

 
$
747,403

Cost of revenues (1)
496,585

 
519,803

 
519,595

 
526,690

Income from operations
5,433

 
46,744

 
47,663

 
27,935

Other expense, net

(1,549
)
 
(833
)
 
(432
)
 
(3,305
)
Net (loss) income (2)
(21,393
)
 
25,880

 
12,058

 
84,194

Basic (loss) earnings per share (3)
(0.37
)
 
0.45

 
0.21

 
1.48

Diluted (loss) earnings per share (3)
(0.37
)
 
0.45

 
0.21

 
1.48

 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
(in thousands except per share amounts)
2016
 
 
 
 
 
 
 
Revenues
$
636,083

 
$
697,510

 
$
729,520

 
$
692,113

Cost of revenues (1)
464,279

 
480,002

 
491,915

 
496,661

(Loss) income from operations (4)
(4,087
)
 
34,504

 
16,802

 
21,943

Other (expense) income, net
(350
)
 
(189
)
 
(198
)
 
6,932

Net (loss) income (2)
(20,871
)
 
3,966

 
(10,255
)
 
(12,713
)
Basic (loss) earnings per share (3)
(0.36
)
 
0.07

 
(0.18
)
 
(0.22
)
Diluted (loss) earnings per share (3)
(0.36
)
 
0.07

 
(0.18
)
 
(0.22
)
______________________________________
(1)
Items shown separately on the statements of operations consist of (i) accretion of environmental liabilities and (ii) depreciation and amortization.
(2)
The second quarter of 2017 net income includes a $31.7 million pre-tax gain on the sale of a non-core line of business within the Company's Technical Services segment and a $6.0 million loss on early extinguishment of debt. The third quarter of 2017 net income had a $1.9 million loss on early extinguishment of debt. As a result of the Tax Act, the fourth quarter of 2017 net income includes a $93.0 million tax benefit related to a reduction of the Company's net deferred tax liability. The third quarter of 2016 net loss includes a $16.4 million pre-tax gain on the sale of a non-core line of business within the Company's Industrial and Field Services segment.
(3)
(Loss) earnings per share are computed independently for each of the quarters presented. Accordingly, the quarterly basic and diluted (loss) earnings per share may not equal the total computed for the year.
(4)
The third quarter of 2016 results include a $34.0 million goodwill impairment charge in the Company's Lodging Services reporting unit.