SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data (Unaudited)

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

A summary of unaudited quarterly financial information for the years ended December 31, 2020 and 2019 is as follows (in thousands except per share amounts).

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Year ended December 31, 2020
Net revenue	$	705,440	$	740,848	$	781,609	$	804,713
Gross profit	158,029		166,320		174,153		183,762
Operating income	8,648		23,208		34,556		44,343
Net (loss) income	$	(19,910)	$	(7,668)	$	1,663	$	17,839
(Loss) earnings per share, basic	$	(0.11)	$	(0.04)	$	0.01	$	0.10
(Loss) earnings per share, diluted	$	(0.11)	$	(0.04)	$	0.01	$	0.10
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Year ended December 31, 2019
Net revenue	$	476,492	$	497,266	$	615,880	$	720,779
Gross profit	98,194		101,390		137,773		175,642
Operating income (loss)	5,438		(8,005)		(11,725)		13,973
Net loss	$	(3,712)	$	(13,603)	$	(42,794)	$	(15,811)
Loss per share, basic	$	(0.03)	$	(0.10)	$	(0.26)	$	(0.09)
Loss per share, diluted	$	(0.03)	$	(0.1)	$	(0.26)	$	(0.09)

The net loss in the third quarter of 2019 included transaction expenses, integration costs and loss on extinguishment of debt incurred in conjunction with the Merger.