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Quarterly financial information (unaudited):
12 Months Ended
Dec. 31, 2017
Quarterly financial information (unaudited):  
Quarterly financial information (unaudited):

11. Quarterly financial information (unaudited):

                                                                                                                                                                                                                                                                                                

 

 

Three months ended

 

 

 

March 31,
2017

 

June 30,
2017

 

September 30,
2017

 

December 31,
2017(a)

 

 

 

(in thousands, except share and per share amounts)

 

Service revenue

 

$

117,203

 

$

119,777

 

$

122,969

 

$

125,226

 

Network operations, including equity-based compensation expense

 

 

50,662

 

 

51,115

 

 

53,584

 

 

53,918

 

Gains on equipment transactions

 

 

2,124

 

 

1,023

 

 

397

 

 

319

 

Operating income

 

 

18,666

 

 

19,000

 

 

17,720

 

 

20,534

 

Net income (loss)

 

 

4,136

 

 

4,317

 

 

3,650

 

 

(6,227

)

Net income (loss) per common share—basic and diluted

 

 

0.09

 

 

0.10

 

 

0.08

 

 

(0.14

)

Weighted-average number of common shares—basic

 

 

44,649,645

 

 

44,717,372

 

 

44,767,163

 

 

44,844,469

 

Weighted-average number of common shares—diluted

 

 

44,917,014

 

 

44,988,655

 

 

45,118,607

 

 

44,844,469

 


 

 

(a)        

See Note 5 for the impact of the increase in income tax expense during the three months ended December 31, 2017.

                                                                                                                                                                                                                                                                                                   

 

 

Three months ended

 

 

 

March 31,
2016

 

June 30,
2016

 

September 30,
2016

 

December 31,
2016

 

 

 

(in thousands, except share and per share amounts)

 

Service revenue

 

$

108,291

 

$

109,955

 

$

113,057

 

$

115,596

 

Network operations, including equity-based compensation expense

 

 

47,277

 

 

47,872

 

 

48,827

 

 

50,089

 

Gains on equipment transactions

 

 

1,946

 

 

4,439

 

 

687

 

 

667

 

Operating income

 

 

15,675

 

 

17,511

 

 

16,063

 

 

14,795

 

Net income

 

 

3,354

 

 

4,224

 

 

3,459

 

 

3,892

 

Net income per common share—basic and diluted

 

 

0.08

 

 

0.09

 

 

0.08

 

 

0.09

 

Weighted-average number of common shares—basic

 

 

44,402,640

 

 

44,491,899

 

 

44,574,583

 

 

44,577,826

 

Weighted-average number of common shares—diluted

 

 

44,571,937

 

 

44,757,494

 

 

44,816,860

 

 

44,803,782