Quarterly Financial Summary (Unaudited)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Summary (Unaudited)

19. QUARTERLY FINANCIAL SUMMARY (UNAUDITED)

Summary financial information by quarter is as follows (dollars in thousands, except per share data):

	Quarter								Total
2020	First  (2)		Second (2)		Third (2)		Fourth (2)		Year
Revenue	$	170,994	$	176,035	$	169,126	$	171,159	$	687,314
Operating income		37,303		37,368		32,074		36,189	$	142,934
Net income		29,106		28,167		39,940		27,051	$	124,264
Net income per share (1)
Basic	$	0.42	$	0.41	$	0.58	$	0.39	$	1.79
Diluted	$	0.41	$	0.40	$	0.56	$	0.38	$	1.74

	Quarter									Total
2019	First		Second (3)			Third (4)		Fourth		Year
Revenue	$	157,853	$	156,441		$	154,959	$	158,451	$	627,704
Operating income		29,971		184			24,294		32,013	$	86,462
Net income (loss)		24,791		(559	)		18,234		27,516	$	69,982
Net income (loss) per share (1)
Basic	$	0.35	$	(0.01	)	$	0.26	$	0.39	$	1.00
Diluted	$	0.35	$	(0.01	)	$	0.25	$	0.38	$	0.97

(1) Basic and diluted earnings per share are calculated independently for each of the quarters presented. Accordingly, the sum of the quarterly earnings per share amounts may not agree with the annual earnings per share amount for the corresponding year.

For the year ended December 31, 2020, quarterly results included:

(2)  2020 results include the Trident acquisition commencing on the March 2, 2020 date of acquisition.

For the year ended December 31, 2019, quarterly results included:

(3) Second quarter of 2019 net income included a $30.0 million significant legal settlement for the FTC matter, of which $23.3 million was non-deductible for income tax purposes during the second quarter of 2019.

(4) Third quarter of 2019 net income included a $7.1 million significant legal settlement for the Oregon arbitration matter.