XML 34 R17.htm IDEA: XBRL DOCUMENT v3.8.0.1
QUARTERLY FINANCIAL DATA
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Data [Abstract]  
QUARTERLY FINANCIAL DATA
11. QUARTERLY FINANCIAL DATA (unaudited)
 
The following table presents unaudited quarterly consolidated operating results for each of our last eight fiscal quarters. The information below has been prepared on a basis consistent with our audited consolidated financial statements.
 
 
 
2017 Quarters (unaudited)
 
(in thousands, except per share data)
 
First
 
Second
 
Third
 
Fourth
 
Net revenues
 
$
36,628
 
$
44,764
 
$
48,164
 
$
47,286
 
Total operating expenses
 
 
32,003
 
 
37,770
 
 
38,833
 
 
39,907
 
Operating income
 
 
4,625
 
 
6,994
 
 
9,331
 
 
7,379
 
Provision for income taxes
 
 
(523)
 
 
(1,269)
 
 
(1,654)
 
 
(13,979)
 
Net income/(loss)
 
$
1,152
 
$
2,681
 
$
4,720
 
$
(9,629)
 
Basic and diluted earnings/(loss) per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings/(loss) per share
 
$
0.10
 
$
0.23
 
$
0.41
 
$
(0.83)
 
Diluted earnings/(loss) per share
 
$
0.10
 
$
0.23
 
$
0.40
 
$
(0.83)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2016 Quarters (unaudited)
 
(in thousands, except per share data)
 
First
 
Second
 
Third
 
Fourth
 
Net revenues
 
$
20,555
 
$
31,337
 
$
38,525
 
$
38,205
 
Total operating expenses
 
 
14,889
 
 
26,143
 
 
30,604
 
 
36,907
 
Operating income
 
 
5,666
 
 
5,194
 
 
7,921
 
 
1,298
 
(Provision)/benefit for income taxes
 
 
(1,540)
 
 
(1,227)
 
 
(2,501)
 
 
524
 
Net income/(loss)
 
$
1,346
 
$
1,125
 
$
2,543
 
$
(1,080)
 
Basic and diluted earnings/(loss) per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings/(loss) per share
 
$
0.12
 
$
0.10
 
$
0.22
 
$
(0.09)
 
Diluted earnings/(loss) per share
 
$
0.12
 
$
0.10
 
$
0.22
 
$
(0.09)