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Selected Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Summarized Quarterly Data
Quarterly financial information for the years ended December 31, 2019 and 2018 is summarized below:
For the Year Ended December 31, 2019
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth Quarter(3)
 
(Dollars in thousands except per share amounts)
Revenues(1)
$
41,764

 
$
39,525

 
$
39,453

 
$
39,548

Operating income (loss)(1)
1,115

 
(1,992
)
 
(2,692
)
 
(12,239
)
Net income (loss)(1)
742

 
(670
)
 
(1,326
)
 
(9,511
)
Basic and diluted net income (loss) per common share(2)
0.04

 
(0.03
)
 
(0.07
)
 
(0.50
)
For the Year Ended December 31, 2018
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth Quarter
 
(Dollars in thousands except per share amounts)
Revenues(1)
$
43,114

 
$
40,628

 
$
42,476

 
$
43,256

Operating income (loss)(1)
584

 
(2,346
)
 
(1,560
)
 
149

Net income (loss)(1)
345

 
(1,172
)
 
(840
)
 
189

Basic and diluted net income (loss) per common share(2)
0.02

 
(0.06
)
 
(0.04
)
 
0.01

(1)  
Slight variations in totals are due to rounding.
(2)
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, 2019 and 2018 may not equal the total computed for the year.
(3)
During the fourth quarter of 2019, the Company recorded a goodwill impairment of $8.8 million. See Note 6 "Goodwill and Intangible Assets, Net" for additional details.