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Selected Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
Selected quarterly financial data is presented below in thousands, except per share amounts:

 
March 31,
2019
 
June 30,
2019
 
September 30,
2019
 
December 31,
2019
Revenue
$
236,159

 
$
238,390

 
$
244,949

 
$
245,987

Gross profit (1)
76,171

 
77,454

 
81,481

 
64,963

Long-lived asset impairment
3,092

 
8,632

 
7,097

 
25,842

Debt extinguishment loss
—

 
3,653

 
—

 
—

Transaction-related costs
180

 
2,687

 
4,905

 
441

(Gain) loss on sale of assets, net
16

 
(1,801
)
 
(7,859
)
 
(6,372
)
Net income (2)
19,456

 
11,423

 
20,407

 
46,044

Net income from continuing operations per common share: basic and diluted
0.15

 
0.09

 
0.14

 
0.30


 
March 31,
2018
 
June 30,
2018
 
September 30,
2018
 
December 31,
2018
Revenue
$
212,040

 
$
226,870

 
$
232,372

 
$
233,159

Gross profit (1)
62,577

 
63,924

 
68,661

 
66,094

Long-lived asset impairment
4,710

 
6,953

 
6,660

 
9,804

Restatement and other charges
485

 
(1,076
)
 
396

 
214

Debt extinguishment loss
—

 
2,450

 
—

 
—

Transaction-related costs
4,125

 
5,686

 
182

 
169

Gain on sale of assets, net
(1,195
)
 
(994
)
 
(719
)
 
(2,766
)
Net income
2,069

 
4,149

 
9,974

 
12,968

Net income (loss) attributable to Archrock stockholders
(3,816
)
 
1,937

 
9,974

 
12,968

Net income (loss) from continuing operations attributable to Archrock common stockholders per common share: basic and diluted
(0.06
)
 
0.02

 
0.08

 
0.10

——————
(1) 
Defined as revenue less cost of sales, direct depreciation and amortization and long-lived asset impairment charges.
(2) 
Includes a $39.6 million one-time benefit from the release of a deferred tax asset valuation allowance in the fourth quarter of 2019.