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Quarterly Results (Unaudited)
12 Months Ended
Dec. 31, 2019
Selected Quarterly Financial Information [Abstract]  
Quarterly Results QUARTERLY RESULTS (Unaudited)
The following is a summary of quarterly results of operations (in thousands, except per share amounts):
 
1st
Quarter
 
2nd
Quarter
 
3rd
Quarter
 
4th
Quarter
2019 (1)
 
 
 
 
 
 
 
Revenues from continuing operations
$
348,183

 
$
334,576

 
$
366,073

 
$
403,351

Operating income from continuing operations
46,528

 
37,482

 
40,766

 
52,221

Net earnings (loss) from continuing operations
22,634

 
(26,632
)
 
105,085

 
(41,104
)
Net earnings from discontinued operations
31

 
31

 
243

 
914

Weighted average shares:
 
 
 
 
 
 
 
Basic
58,838

 
58,909

 
58,919

 
58,929

Diluted
60,437

 
58,909

 
68,718

 
58,929

Earnings (loss) per share from continuing operations
 
 
 
 
 
 
 
Basic
$
0.38

 
$
(0.45
)
 
$
1.78

 
$
(0.70
)
Diluted
$
0.25

 
$
(0.45
)
 
$
0.19

 
$
(0.70
)
2018 (2)
 
 
 
 
 
 
 
Revenues from continuing operations
$
203,040

 
$
203,607

 
$
204,919

 
$
280,779

Operating income from continuing operations
27,643

 
23,898

 
26,827

 
32,650

Net earnings (loss) from continuing operations
15,682

 
24,464

 
32,933

 
(5,196
)
Net earnings (loss) from discontinued operations
196

 
170

 
170

 
866

Weighted average shares:
 
 
 
 
 
 
 
Basic
58,840

 
58,739

 
58,739

 
58,740

Diluted
59,558

 
68,363

 
68,323

 
58,740

Earnings (loss) per share from continuing operations
 
 
 
 
 
 
 
Basic
$
0.27

 
$
0.42

 
$
0.56

 
$
(0.09
)
Diluted
$
0.26

 
$
0.21

 
$
0.24

 
$
(0.09
)

 
1.
During 2019, the Company recorded a $4.5 million gain, a $35.9 million loss, a $92.0 million gain and a $72.9 million loss on the remeasurement of financial instruments, primarily related to the warrants issued to Amazon for the quarters ended March 31, 2019, June 30, 2019, September 30, 2019 and December 31, 2019, respectively.
2.
During 2018, the Company recorded a $0.9 million loss, a $11.7 million gain, a $17.9 million gain and a $21.4 million gain on the remeasurement of financial instruments, primarily related to the warrants issued to Amazon for the quarters ended March 31, 2018, June 30, 2018, September 30, 2018 and December 31, 2018, respectively.