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Quarterly financial information (unaudited):
12 Months Ended
Dec. 31, 2013
Quarterly financial information (unaudited):  
Quarterly financial information (unaudited):

11. Quarterly financial information (unaudited):

 
  Three months ended  
 
  March 31,
2013
  June 30,
2013
  September 30,
2013
  December 31,
2013(1)(2)
 
 
  (in thousands, except share and per share amounts)
 

Service revenue

  $ 84,553   $ 85,803   $ 87,761   $ 89,859  

Network operations, including equity-based compensation expense

    37,309     37,076     37,441     38,400  

Operating income

    9,905     11,601     12,577     12,065  

Net income

    361     1,607     2,122     52,599  

Net income per common share—basic

    0.01     0.03     0.05     1.14  

Net income per common share—diluted

    0.01     0.03     0.05     1.10  

Weighted-average number of common shares—basic

    45,537,607     46,040,692     46,171,194     46,302,926  

Weighted-average number of common shares—diluted

    46,435,677     46,769,184     46,823,167     48,800,560  

(1)
As described in Note 5, during the fourth quarter of 2013 the Company reversed its valuation allowance against its US federal and certain state deferred income tax assets.

(2)
Diluted earnings per share for the fourth quarter of 2013 assumes the conversion of the Convertible Notes since the Convertible Notes are dilutive this quarter. The assumed conversion of the Convertible Notes was anti-dilutive for the other periods presented. Diluted earnings per share for the fourth quarter of 2013 is determined by adding back $1.2 million of interest expense from the Convertible Notes to net income and including 1.9 million shares from the assumed conversion of the Convertible Notes in the weighted-average number of common dilutive shares.

 
  Three months ended  
 
  March 31,
2012
  June 30,
2012
  September 30,
2012
  December 31,
2012
 
 
  (in thousands, except share and per share amounts)
 

Service revenue

  $ 76,888   $ 77,817   $ 79,656   $ 82,612  

Network operations, including equity-based compensation expense

    34,338     35,112     36,541     37,651  

Operating income

    5,968     7,801     8,032     9,169  

Net (loss)

    (2,090 )   (1,791 )   (94 )   (276 )

Net (loss) per common share—basic and diluted

    (0.05 )   (0.04 )   (0.00 )   (0.01 )

Weighted-average number of common shares—basic and diluted

    45,241,418     45,313,804     45,377,732     45,492,847