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QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

Selected summarized quarterly financial information for the years ended December 31, 2019 and 2018 is as follows (in thousands, except per share amounts):

 
Q1 2019
 
Q2 2019
 
Q3 2019
 
Q4 2019
 
2019 (1)
Revenues
$
5,122

 
$
8,743

 
$
10,624

 
$
11,464

 
$
35,953

Gross profit
$
5,107

 
$
8,703

 
$
10,562

 
$
11,411

 
$
35,783

Operating income (loss)
$
(11,499
)
 
$
(9,155
)
 
$
(1,275
)
 
$
478

 
$
(21,451
)
Income (loss) before provision for taxes
$
(10,901
)
 
$
(8,623
)
 
$
(1,299
)
 
$
1,250

 
$
(19,573
)
Benefit (provision) for income taxes
$
(115
)
 
$
3

 
$
(88
)
 
$
(271
)
 
$
(471
)
Net income (loss)
$
(11,016
)
 
$
(8,620
)
 
$
(1,387
)
 
$
979

 
$
(20,044
)
Basic net income (loss) per share
$
(0.35
)
 
$
(0.27
)
 
$
(0.04
)
 
$
0.03

 
$
(0.64
)
Shares used in calculating basic net income (loss) per share
31,089

 
31,578

 
31,711

 
31,731

 
31,529

Diluted net income (loss) per share
$
(0.35
)
 
$
(0.27
)
 
$
(0.04
)
 
$
0.03

 
$
(0.64
)
Shares used in calculating diluted net income (loss) per share
31,089

 
31,578

 
31,711

 
31,904

 
31,529

(1) Quarterly income (loss) per share amounts were calculated separately for each period, therefore the sum of the quarterly amounts may differ from the total income (loss) per share amount for the year.

 
Q1 2018
 
Q2 2018
 
Q3 2018
 
Q4 2018
 
2018 (1)
Revenues
$
85,416

 
$
6,144

 
$
8,552

 
$
10,867

 
$
110,979

Gross profit
$
85,381

 
$
6,050

 
$
8,491

 
$
10,839

 
$
110,761

Operating income (loss)
$
70,105

 
$
(8,295
)
 
$
(5,163
)
 
$
(3,546
)
 
$
53,101

Income (loss) before provision for taxes
$
70,336

 
$
(7,920
)
 
$
(4,618
)
 
$
(3,063
)
 
$
54,735

Benefit (provision) for income taxes
$
(453
)
 
$
162

 
$
(22
)
 
$
(79
)
 
$
(392
)
Net income (loss)
$
69,883

 
$
(7,758
)
 
$
(4,640
)
 
$
(3,142
)
 
$
54,343

Basic net income (loss) per share
$
2.35

 
$
(0.25
)
 
$
(0.15
)
 
$
(0.10
)
 
$
1.78

Shares used in calculating basic net income (loss) per share
29,700

 
30,527

 
30,780

 
30,814

 
30,459

Diluted net income (loss) per share
$
2.29

 
$
(0.25
)
 
$
(0.15
)
 
$
(0.10
)
 
$
1.73

Shares used in calculating diluted net income (loss) per share
30,566

 
30,527

 
30,780

 
30,814

 
31,407

(1) Quarterly income (loss) per share amounts were calculated separately for each period, therefore the sum of the quarterly amounts may differ from the total income (loss) per share amount for the year.