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Quarterly Results (unaudited)
 12 Months Ended
Dec. 31, 2017
Quarterly Results (unaudited)  
Quarterly Results (unaudited)

NOTE 13—Quarterly Results (unaudited)

 

 

 

March 31

 

June 30

 

September 30

 

December 31(a)

 

Year Ended December 31, 2017

 

 

 

 

 

 

 

 

 

Revenues

 

$
44,148,000

 

$
43,305,000

 

$
45,094,000

 

$
44,377,000

 

Operating earnings (loss)

 

$
52,000

 

$
223,000

 

$
(7,000

)

$
(35,000

)

Net (loss) earnings

 

$
(184,000

)

$
32,000

 

$
(137,000

)

$
(779,000

)

Net (loss) earnings per share-basic and diluted

 

$
(0.01

)

$

—

 

$

—

 

$
(0.02

)

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2016

 

 

 

 

 

 

 

 

 

Revenues

 

$
44,717,000

 

$
46,224,000

 

$
47,110,000

 

$
44,241,000

 

Operating earnings (loss)

 

$
34,000

 

$
1,509,000

 

$
1,013,000

 

$
(275,000

)

Net (loss) earnings

 

$
(239,000

)

$
796,000

 

$
520,000

 

$
(291,000

)

Net (loss) earnings per share-basic and diluted

 

$
(0.01

)

$
0.02

 

$
0.02

 

$
(0.01

)

 

 

(a)

In the fourth quarter of 2017, the passage of the Tax Cuts and Jobs Act lowered our future federal income tax rate to 21% requiring us to revalue net deferred federal tax assets. As a result, net loss and net loss per share — basic and diluted increased by $662,000 and $0.02, respectively.  See NOTE 6 — Income Taxes.

 

Our quarterly operating results are affected by weather and the general economic conditions in the United States.  Additionally, given our high level of fixed operating costs, fluctuations in our business volume can lead to variations in quarterly operating results.