XML 118 R44.htm IDEA: XBRL DOCUMENT v3.20.1
Quarterly Selected Financial Information (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information

The tables below include quarterly selected financial information for 2019 and 2018 (in thousands, except per share amounts):
 
Year Ended December 31, 2019
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Revenue
$
267,211

 
$
283,861

 
$
287,688

 
$
319,074

Gross profit(1)
62,010

 
68,398

 
69,495

 
62,106

(Loss) income from operations
(371
)
 
4,063

 
3,762

 
3,588

Net loss
$
(2,044
)
 
$
(508
)
 
$
(1,062
)
 
$
(6,461
)
Net loss per share:
 

 
 
 
 
 
 
Basic and diluted
$
(0.04
)
 
$
(0.01
)
 
$
(0.02
)
 
$
(0.12
)
(1) During the fourth quarter 2019, the Company reclassified $13.8 million into cost of goods sold, of which $9.4 million of these costs were recorded in SG&A over the first three quarters of the year.  The reclassification had no impact on the annual 2019 consolidated financial statements and similar amounts in prior years were not material.
 
Year Ended December 31, 2018
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Revenue
$
274,297

 
$
281,988

 
$
270,844

 
$
293,977

Gross profit
65,839

 
64,941

 
63,967

 
59,066

Income (loss) from operations(2)
984

 
2,377

 
(43,312
)
 
(28,232
)
Net loss
$
(1,874
)
 
$
(299
)
 
$
(45,120
)
 
$
(29,390
)
Net loss per share:
 
 
 
 
 
 
 
Basic and diluted
$
(0.03
)
 
$
(0.01
)
 
$
(0.87
)
 
$
(0.57
)
(2) In the third quarter of 2018, the Company recognized a $27.9 million goodwill impairment charge, $13.8 million intangible asset impairment charge and $3.0 million long-lived asset impairment charge. In the fourth quarter of 2018, the Company recognized an additional $18.4 million goodwill impairment charge and a $1.3 million contract asset impairment charge related to costs to fulfill a contract that were deemed to be non-recoverable in North America. Refer to Note 4, Revenue Recognition, Note 5, Goodwill, Note 6, Other Intangible Assets and Note 8, Property and Equipment for further discussion.