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Selected Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Summarized Quarterly Data
Quarterly financial information for the years ended December 31, 2017 and 2016 is summarized below:
For the Year Ended December 31, 2017
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
(Dollars in thousands except per share amounts)
Revenues(2)
$
41,444

 
$
42,325

 
$
43,636

 
$
43,770

Operating income(2)
1,382

 
2,410

 
3,325

 
3,589

Net income (loss)(2)(3)
854

 
1,498

 
3,727

 
(21,384
)
Basic and diluted net income (loss) per common share(1)
0.04

 
0.07

 
0.19

 
(1.07
)
For the Year Ended December 31, 2016
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
(4)
 
(Dollars in thousands except per share amounts)
Revenues(2)
$
45,388

 
$
44,635

 
$
45,355

 
$
44,184

Operating income(2)
5,800

 
5,620

 
6,029

 
4,703

Net income(2)
3,444

 
3,451

 
4,058

 
3,026

Basic and diluted net income per common share(1)
0.17

 
0.17

 
0.20

 
0.15

(1)  
Basic and diluted net income (loss) per common share is computed independently for each period presented. As a result, the sum of the quarterly basic and diluted net income (loss) per common share for the years ended December 31, 2017 and 2016 may not equal the total computed for the year.
(2)
Slight variations in totals are due to rounding.
(3)
Fourth quarter 2017 net loss includes $24.2 million from the write-off of the deferred income tax asset related to the 2017 Tax Act (refer to Note 8, "Income Taxes").