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Quarterly Financial Information (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
The following table summarizes quarterly financial information for 2019 and 2018 (in thousands, except per share amounts):
 
First
Quarter(1)
 
Second
Quarter(2)
 
Third
Quarter(3)
 
Fourth
Quarter(4)
2019
 
 
 
 
 
 
 
Revenues
$
250,611

 
$
264,685

 
$
263,697

 
$
238,361

Gross profit(5)
19,452

 
24,872

 
31,431

 
16,508

Net loss
(14,648
)
 
(9,740
)
 
(31,868
)
 
(175,552
)
Basic and diluted net loss per share
(0.25
)
 
(0.16
)
 
(0.54
)
 
(2.95
)
2018
 
 
 
 
 
 
 
Revenues
$
253,576

 
$
285,845

 
$
274,594

 
$
274,118

Gross profit(5)
34,738

 
41,757

 
28,565

 
25,934

Net income (loss)
(3,492
)
 
2,742

 
(4,019
)
 
(14,336
)
Basic and diluted net income (loss) per share
(0.06
)
 
0.05

 
(0.07
)
 
(0.24
)
____________________
(1)
During the first quarter of 2019, the Company recognized $1.0 million (pre-tax) of severance and downsizing charges. In the first quarter of 2018, the Company recognized $0.8 million (pre-tax) of severance and downsizing charges, $2.6 million (pre-tax) of acquisition-related expenses, $0.9 million (pre-tax) in legal fees incurred for patent defense and $0.7 million (pre-tax) of provision for FLSA claims settlements.
(2)
During the second quarter of 2019, the Company recognized $1.3 million (pre-tax) of severance and downsizing charges.
(3)
During the third quarter of 2019, the Company recognized a non-cash fixed asset impairment charge of $33.7 million (pre-tax) and $0.7 million (pre-tax) of severance and downsizing charges. In the third quarter of 2018, the Company recognized $3.5 million (pre-tax) in legal fees incurred for patent defense and recorded $2.6 million (pre-tax) of provision for FLSA claims settlements. Additionally, in the third quarter of 2018, the Company recognized a $5.8 million discrete net tax benefit resulting from the Tax Reform Legislation discussed in Note 9, "Income Taxes."
(4)
During the fourth quarter of 2019, the Company recognized a non-cash goodwill impairment charge of $165.0 million (pre- and after-tax) and $0.5 million (pre-tax) of severance and downsizing charges. In the fourth quarter of 2018, the Company recognized $2.4 million (pre-tax) in legal fees incurred for patent defense, $0.8 million (pre-tax) of severance and downsizing charges and $0.7 million (pre-tax) of acquisition related expenses.
(5)
Gross profit is calculated as revenues less costs of products and services and segment level depreciation and amortization expense. The calculation of gross profit excluded the $33.7 million non-cash fixed asset impairment charge recognized in the third quarter of 2019 and the $165.0 million non-cash goodwill impairment charge recognized in the fourth quarter of 2019.