Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2019

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, 2019 and 2018 is summarized as follows (in thousands, except per share data):

	2019
	Q1		Q2		Q3		Q4
Revenue	$	538,473	$	650,302	$	706,918	$	719,584
Gross profit (1)		106,665		120,016		142,702		132,560
Net income		19,866		24,173		36,233		34,052
INCOME PER SHARE:
Basic	$	0.54	$	0.65	$	0.98	$	0.93
Diluted	$	0.53	$	0.65	$	0.98	$	0.92

	2018
	Q1		Q2		Q3		Q4
Revenue	$	464,941	$	535,043	$	594,536	$	588,359
Gross profit		89,053		111,183		127,868		118,175
Net income		16,659		32,547		38,541		25,156
INCOME PER SHARE:
Basic	$	0.45	$	0.87	$	1.03	$	0.68
Diluted	$	0.44	$	0.87	$	1.02	$	0.67

(1)In the fourth quarter of 2019, we recorded a $4.8 million gain due to insurance proceeds we received in the fourth quarter related to the ransomware incident that occurred in April 2019.

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.