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Unaudited Quarterly Consolidated Financial Information
12 Months Ended
Dec. 31, 2012
Quarterly Consolidated Financial Information [Abstract]  
Unaudited Quarterly Consolidated Financial Information

16. UNAUDITED QUARTERLY CONSOLIDATED FINANCIAL INFORMATION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2012

($ thousands, except per share data)

 

Quarter Ended March 31

 

Quarter Ended June 30

 

Quarter Ended September 30

 

Quarter Ended December 31

Revenues

 

$

271,798 

 

$

330,942 

 

$

295,569 

 

$

224,992 

Gross profit

 

 

144,799 

 

 

196,085 

 

 

160,743 

 

 

106,350 

Asset impairment charges

 

 

713 

 

 

106 

 

 

 -

 

 

591 

Income (loss) from operations

 

 

39,796 

 

 

71,261 

 

 

40,014 

 

 

(4,897)

Net income (loss)

 

$

28,346 

 

$

61,524 

 

$

45,080 

 

$

(3,607)

Basic income (loss) per common share

 

$

0.32 

 

$

0.68 

 

$

0.50 

 

$

(0.04)

Diluted income (loss) per common share

 

$

0.31 

 

$

0.68 

 

$

0.49 

 

$

(0.04)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2011

($ thousands, except per share data)

 

Quarter Ended March 31

 

Quarter Ended June 30

 

Quarter Ended September 30

 

Quarter Ended December 31

Revenues

 

$

226,708 

 

$

295,585 

 

$

274,897 

 

$

203,713 

Gross profit

 

 

119,206 

 

 

170,218 

 

 

147,175 

 

 

99,811 

Asset impairment charges

 

 

32 

 

 

 -

 

 

495 

 

 

Income from operations

 

 

28,248 

 

 

64,774 

 

 

37,068 

 

 

6,415 

Net income

 

$

21,504 

 

$

55,506 

 

$

30,207 

 

$

5,571 

Basic income per common share

 

$

0.24 

 

$

0.62 

 

$

0.34 

 

$

0.06 

Diluted income per common share

 

$

0.24 

 

$

0.61 

 

$

0.33 

 

$

0.06