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Unaudited Quarterly Consolidated Financial Information (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Unaudited Quarterly Consolidated Financial Information
 
For the Quarter Ended
 
March 31, 2018
 
June 30, 2018
 
September 30, 2018
 
December 31, 2018
 
(in thousands, except per share data)
Revenues (1)
$
283,148

 
$
328,004

 
$
261,064

 
$
215,989

Gross profit
139,873

 
181,400

 
139,059

 
99,822

Income (loss) from operations
25,922

 
37,064

 
13,895

 
(13,937
)
Net income (loss)
16,454

 
34,377

 
10,492

 
(10,886
)
Net income (loss) attributable to common shareholders (2)
12,523

 
30,426

 
6,520

 
(118,685
)
Basic income (loss) per common share
$
0.15

 
$
0.37

 
$
0.08

 
$
(1.72
)
Diluted income (loss) per common share
$
0.15

 
$
0.35

 
$
0.07

 
$
(1.72
)
(1) Due to the seasonal nature of our products, we experience decreased revenues in the fourth quarter of the year relative to the other quarters.
(2) The balance in ‘Net income (loss) attributable to common shareholders’ for the three months ended December 31, 2018 was impacted by the repurchase and conversion of Series A Convertible Preferred Stock. See Note 9 — Equity and the consolidated statement of operations for more information.

 
For the Quarter Ended
 
March 31, 2017
 
June 30, 2017
 
September 30, 2017
 
December 31, 2017
 
(in thousands, except per share data)
Revenues (1)
$
267,907

 
$
313,221

 
$
243,273

 
$
199,112

Gross profit
133,584

 
169,807

 
123,463

 
90,367

Income (loss) from operations (2)
15,582

 
29,446

 
2,685

 
(30,377
)
Net income (loss)
11,010

 
21,960

 
1,629

 
(24,361
)
Net income (loss) attributable to common shareholders
7,155

 
18,086

 
(2,263
)
 
(28,272
)
Basic income (loss) per common share
$
0.08

 
$
0.21

 
$
(0.03
)
 
$
(0.41
)
Diluted income (loss) per common share
$
0.08

 
$
0.20

 
$
(0.03
)
 
$
(0.41
)

(1) Due to the seasonal nature of our products, we experience decreased revenues in the fourth quarter of the year relative to the other quarters.
(2) ‘Income (loss) from operations’ for the three months ended December 31, 2017 includes additional charges of $6.3 million related to a non-cash write-off and contract termination fee for a discontinued project.