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Selected Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Summary of Unaudited Quarterly Results

Unaudited quarterly results for 2015 and 2014 were:

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

 

Quarter

 

 

Quarter

 

 

Quarter (1)

 

 

Quarter

 

 

 

(In thousands, except per share data)

 

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

205,735

 

 

$

212,768

 

 

$

280,894

 

 

$

300,888

 

Gross profit

 

 

93,428

 

 

 

103,265

 

 

 

129,030

 

 

 

142,212

 

Operating income

 

 

43,133

 

 

 

58,351

 

 

 

14,952

 

 

 

48,302

 

Net income (loss)

 

 

26,246

 

 

 

39,128

 

 

 

(34,610

)

 

 

12,098

 

Basic earnings (loss) per share

 

$

0.31

 

 

$

0.46

 

 

$

(0.36

)

 

$

0.12

 

Diluted earnings (loss) per share

 

$

0.30

 

 

$

0.44

 

 

$

(0.36

)

 

$

0.12

 

 

(1)

During the third quarter of 2015, the Company recognized a loss on extinguishment of debt of $30.4 million and professional fees of $13.5 million associated with the Company’s acquisition of Advent, both of which decreased net income for the period.

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

 

(In thousands, except per share data)

 

2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

185,810

 

 

$

188,722

 

 

$

192,598

 

 

$

200,731

 

Gross profit

 

 

84,311

 

 

 

86,489

 

 

 

91,215

 

 

 

95,115

 

Operating income

 

 

47,025

 

 

 

45,389

 

 

 

54,363

 

 

 

53,595

 

Net income

 

 

26,448

 

 

 

27,245

 

 

 

40,827

 

 

 

36,607

 

Basic earnings per share

 

$

0.32

 

 

$

0.33

 

 

$

0.49

 

 

$

0.44

 

Diluted earnings per share

 

$

0.30

 

 

$

0.31

 

 

$

0.47

 

 

$

0.42