Quarterly Results of Operations

12 Months Ended

Dec. 31, 2016

Quarterly Results of Operations

Quarterly Results of Operations

15.Quarterly Results of Operations (Unaudited)

An unaudited summary of the Company’s 2016 and 2015 quarterly performance, and audited annual performance, is as follows.

	Year ended December 31, 2016
	First		Second		Third		Fourth		Total
	Quarter		Quarter		Quarter		Quarter		Year
Total revenue	$	199,829	$	202,950	$	210,085	$	206,958	$	819,822
Net income		12,670		21,365		18,597		11,953		64,585
Earnings per weighted average common share:
Basic		0.84		1.42		1.24		0.79		4.29
Diluted		0.84		1.41		1.23		0.79		4.27
Cash dividends paid per common share		0.70		0.70		0.70		0.70		2.80

	Year ended December 31, 2015
	First		Second		Third		Fourth		Total
	Quarter		Quarter		Quarter		Quarter		Year
Total revenue	$	198,039	$	197,602	$	201,270	$	201,042	$	797,953
Net (loss) income		(35,071)		(1,053)		11,981		10,290		(13,853)
Earnings per weighted average common share:
Basic		(2.37)		(0.07)		0.80		0.69		(0.93)
Diluted		(2.37)		(0.07)		0.80		0.69		(0.93)
Cash dividends paid per common share		0.70		0.70		0.70		0.70		2.80