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Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2015
Selected Quarterly Financial Data (Unaudited)  
Selected Quarterly Financial Data (Unaudited)

15. Selected Quarterly Financial Data (Unaudited)

        Quarterly financial information for the years ended December 31, 2015 and 2014 is summarized as follows (in thousands, except per share data):

                                                                                                                                                                                    

 

 

2015

 

 

 

Q1

 

Q2

 

Q3

 

Q4

 

Revenue

 

$

369,547 

 

$

416,567 

 

$

410,565 

 

$

383,840 

 

Gross profit(1)

 

 

64,688 

 

 

82,049 

 

 

87,465 

 

 

83,927 

 

Net income including noncontrolling interests

 

 

6,889 

 

 

15,782 

 

 

19,886 

 

 

14,883 

 

Net income attributable to Comfort Systems USA, Inc. 

 

 

5,066 

 

 

13,404 

 

 

17,673 

 

 

13,221 

 

INCOME PER SHARE ATTRIBUTABLE TO COMFORT SYSTEMS USA, INC.:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic—

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

0.14 

 

$

0.36 

 

$

0.47 

 

$

0.35 

 

Income from discontinued operations

 

 

 

 

 

 

 

 

 

​  

​  

​  

​  

​  

​  

​  

​  

Net income

 

$

0.14 

 

$

0.36 

 

$

0.47 

 

$

0.35 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Diluted—

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

0.13 

 

$

0.35 

 

$

0.46 

 

$

0.35 

 

Income from discontinued operations

 

 

 

 

 

 

 

 

 

​  

​  

​  

​  

​  

​  

​  

​  

Net income

 

$

0.13 

 

$

0.35 

 

$

0.46 

 

$

0.35 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

                                                                                                                                                                                    

 

 

2014

 

 

 

Q1

 

Q2

 

Q3

 

Q4

 

Revenue

 

$

321,381 

 

$

362,801 

 

$

370,145 

 

$

356,468 

 

Gross profit

 

 

52,149 

 

 

61,859 

 

 

66,459 

 

 

69,304 

 

Net income including noncontrolling interests

 

 

1,063 

 

 

6,336 

 

 

9,379 

 

 

11,821 

 

Net income attributable to Comfort Systems USA, Inc. 

 

 

375 

 

 

4,401 

 

 

7,605 

 

 

10,682 

 

INCOME PER SHARE ATTRIBUTABLE TO COMFORT SYSTEMS USA, INC.:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic—

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

0.01 

 

$

0.12 

 

$

0.20 

 

$

0.29 

 

Income from discontinued operations

 

 

 

 

 

 

 

 

 

​  

​  

​  

​  

​  

​  

​  

​  

Net income

 

$

0.01 

 

$

0.12 

 

$

0.20 

 

$

0.29 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Diluted—

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

0.01 

 

$

0.12 

 

$

0.20 

 

$

0.29 

 

Income from discontinued operations

 

 

 

 

 

 

 

 

 

​  

​  

​  

​  

​  

​  

​  

​  

Net income

 

$

0.01 

 

$

0.12 

 

$

0.20 

 

$

0.29 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  


 

 

 

(1)          

In the fourth quarter of 2015, we recognized a $3.4 million project gain related to change orders we received.

        The sums of the individual quarterly earnings per share amounts do not necessarily agree with year-to-date earnings per share as each quarter's computation is based on the weighted average number of shares outstanding during the quarter, the weighted average stock price during the quarter and the dilutive effects of options and contingently issuable restricted stock in each quarter.