Quarterly Results (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information

The quarterly consolidated financial statements presented below reflect WD Services and Human Services as discontinued operations for all periods presented:

	Quarter ended
	March 31, 2019		June 30, 2019		September 30, 2019 (1)		December 31, 2019 (2)
Service revenue, net	$	367,815	$	363,911	$	393,385	$	384,833
Operating income (loss)	3,441		(3,250)		16,987		7,554
Income (loss) from continuing operations, net of tax	1,314		(3,409)		8,580		(11,438)
(Loss) income from discontinued operations, net of tax	(732)		1,697		(426)		5,380
Net income (loss) attributable to Providence	582		(1,712)		8,154		(6,058)
Earnings (loss) per common share (Note 16):
Basic	$	(0.04)	$	(0.22)	$	0.47	$	(0.55)
Diluted	$	(0.04)	$	(0.22)	$	0.47	$	(0.55)

(1)Operating income was positively impacted by retroactive rate changes.

(2)Loss from continuing operations, net of tax was negatively impacted by the Company's investment in Matrix. Matrix recorded asset impairment of $55,056 for which the Company recorded its proportional share.

	Quarter ended
	March 31, 2018		June 30, 2018 (1)(2)		September 30, 2018 (3)		December 31, 2018 (4)
Service revenue, net	$	336,696	$	343,736	$	343,771	$	360,762
Operating income (loss)	12,103		3,431		9,435		(693)
Income (loss) from continuing operations, net of tax	7,423		1,964		10,295		(1,454)
Loss from discontinued operations, net of tax	(1,697)		(13,366)		(2,964)		(19,026)
Net income (loss) attributable to Providence	5,430		(11,215)		7,154		(20,350)
Earnings (loss) per common share (10):
Basic	$	0.27	$	(0.95)	$	0.41	$	(1.67)
Diluted	$	0.27	$	(0.94)	$	0.40	$	(1.67)

(1)Operating income in the quarter ending June 30, 2018 was negatively impacted by higher transportation costs on a per trip basis as NET Services saw a shift in service mix to higher cost modes of transportation and higher average mileage per trip.

(2)Due to the disposition of Ingeus France in July 2018, the carrying value of its assets and liabilities were reduced to their estimated fair value less selling costs during the quarter ending June 30, 2018. As a result, an impairment charge of $9,203 was recorded during the quarter ending June 30, 2018, which is included in (loss) income from discontinued operations, net of tax.

(3)During the quarter ending September 30, 2018, the Company acquired all of the outstanding equity of Circulation. The Company’s initial investment in Circulation was $3,000. As a result of the transaction, the fair value of this pre-acquisition interest increased to $9,577, and thus the Company recognized a gain of $6,577.

(4)(Loss) income from discontinued operations, net of tax in the quarter ending December 31, 2018, includes a loss on the disposition of substantially all of the WD Services segment of $1,056, net of tax. This sale was completed on December 21, 2018.