Selected Quarterly Financial Data

12 Months Ended

Dec. 31, 2020

17. Selected Quarterly Financial Data

Quarterly financial information for the years ended December 31, 2020 and 2019 is summarized as follows (in thousands, except per share data):


	2020
	Q1		Q2		Q3		Q4
Revenue	$	700,131	$	743,468	$	714,099	$	698,961
Gross profit		117,093		145,695		147,196		136,999
Net income		17,716		39,495		50,088		42,840
INCOME PER SHARE:
Basic	$	0.48	$	1.08	$	1.37	$	1.18
Diluted	$	0.48	$	1.08	$	1.36	$	1.17


	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

(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.