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Financial Results by Quarter (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Data [Abstract]  
Schedule of Quarterly Financial Information

The following table sets forth supplementary financial data (in thousands, except per share amounts) for each quarter for the years ended December 31, 2019 and 2018, derived from our unaudited quarterly financial statements, with the total amounts for each year derived from our audited annual financial statements. The data set forth below should be read in conjunction with and is qualified in its entirety by reference to our Consolidated Financial Statements.

 

 

Year Ended December 31, 2019 (unaudited)

 

(in thousands, except per share amount)

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

 

Total

 

Revenues

 

$

181,716

 

 

$

215,581

 

 

$

226,302

 

 

$

203,499

 

 

$

827,098

 

Operating income

 

$

20,107

 

 

$

24,956

 

 

$

31,196

 

 

$

20,024

 

 

$

96,283

 

Net income

 

$

6,560

 

 

$

17,137

 

 

$

20,565

 

 

$

11,399

 

 

$

55,661

 

Net income per share1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.10

 

 

$

0.25

 

 

$

0.30

 

 

$

0.17

 

 

$

0.82

 

Diluted

 

$

0.10

 

 

$

0.25

 

 

$

0.30

 

 

$

0.17

 

 

$

0.82

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2018 (unaudited)

 

(in thousands, except per share amount)

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

 

Total

 

Revenues

 

$

199,897

 

 

$

268,233

 

 

$

289,199

 

 

$

217,250

 

 

$

974,579

 

Operating income

 

$

27,831

 

 

$

69,417

 

 

$

77,742

 

 

$

9,964

 

 

$

184,954

 

Net income

 

$

14,597

 

 

$

46,148

 

 

$

60,336

 

 

$

1,799

 

 

$

122,880

 

Net income per share1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.29

 

 

$

0.73

 

 

$

0.96

 

 

$

0.03

 

 

$

2.03

 

Diluted

 

$

0.29

 

 

$

0.73

 

 

$

0.93

 

 

$

0.03

 

 

$

1.99

 

 

1

Per share amounts are computed independently for each of the quarters presented. Therefore, the sum of the quarterly per share amounts may not equal the total computed for the year.