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Quarterly Consolidated Financial Information (Unaudited)
 12 Months Ended
Dec. 31, 2017
Quarterly Consolidated Financial Information (Unaudited)  
Quarterly Consolidated Financial Information (Unaudited)

(13) Quarterly Consolidated Financial Information (Unaudited)

 

The following is a summary of the unaudited quarterly results of operations for the years ended December 31, 2017, 2016, and 2015 (in thousands, except per share data).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

    

1st Quarter

    

2nd Quarter

    

3rd Quarter

    

4th Quarter

    

Full Year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue

 

$

77,946

 

$

67,844

 

$

65,861

 

$

63,189

 

$

274,840

 

Net income attributable to common shareholders

 

$

7,839

 

$

5,657

 

$

4,939

 

$

41,864

 

$

60,299

 

Basic earnings per common share

 

$
1.28

 

$
0.94

 

$
0.82

 

$
6.87

 

$
9.93

 

Diluted earnings per common share  (1)

 

$
1.25

 

$
0.92

 

$
0.80

 

$
6.75

 

$
9.69

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average common shares outstanding

 

 

6,114

 

 

6,036

 

 

6,055

 

 

6,090

 

 

6,074

 

Diluted weighted average common shares outstanding  (1)

 

 

6,240

 

 

6,142

 

 

6,173

 

 

6,201

 

 

6,220

 

 

(1) Diluted earnings per common share and diluted weighted average common shares outstanding have been adjusted to properly exclude the effects of income tax benefits on unvested restricted stock in accordance with ASU 2016-09. The adjustment impacted diluted earnings per common share and diluted weighted average common shares outstanding for the first quarter of 2017 by $0.01 and approximately 23,000 shares, respectively.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

    

1st Quarter

    

2nd Quarter

    

3rd Quarter

    

4th Quarter

    

Full Year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue

 

$

50,719

 

$

49,618

 

$

51,461

 

$

55,476

 

$

207,274

 

Net income attributable to common shareholders

 

$

4,011

 

$

3,366

 

$

3,985

 

$

2,418

 

$

13,780

 

Basic earnings per common share

 

$
0.57

 

$
0.50

 

$
0.63

 

$
0.40

 

$
2.10

 

Diluted earnings per common share

 

$
0.55

 

$
0.49

 

$
0.62

 

$
0.39

 

$
2.05

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average common shares outstanding

 

 

7,149

 

 

6,685

 

 

6,307

 

 

6,149

 

 

6,570

 

Diluted weighted average common shares outstanding

 

 

7,272

 

 

6,819

 

 

6,448

 

 

6,275

 

 

6,714

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

    

1st Quarter

    

2nd Quarter

    

3rd Quarter

    

4th Quarter

    

Full Year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue

 

$

41,336

 

$

43,810

 

$

57,730

 

$

55,186

 

$

198,062

 

Net income (loss) attributable to common shareholders

 

$

1,358

 

$

(486)

 

$

2,551

 

$

3,037

 

$

6,460

 

Basic earnings (loss) per common share

 

$
0.17

 

$
(0.06)

 

$
0.33

 

$
0.39

 

$

0.83

 

Diluted earnings (loss) per common share

 

$
0.17

 

$
(0.06)

 

$
0.32

 

$
0.38

 

$

0.81

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average common shares outstanding

 

 

7,848

 

 

7,841

 

 

7,839

 

 

7,739

 

 

7,817

 

Diluted weighted average common shares outstanding

 

 

8,044

 

 

7,841

 

 

7,963

 

 

7,872

 

 

7,987