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Selected Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data

22.Selected Quarterly Financial Data (Unaudited)

The following tables set forth selected unaudited financial information for the eight quarters in the two-year period ended December 31, 2019. This information has been prepared on the same basis as the audited financial statements and, in the opinion of management, contains all adjustments necessary for a fair presentation.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

First

    

Second

    

Third

    

Fourth

    

Total

 

 

Quarter

 

Quarter

 

Quarter

 

Quarter

 

Year

 

 

(in thousands, except per share data)

2019

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Revenues

 

$

143,105

 

$

165,985

 

$

199,507

 

$

199,793

 

$

708,390

Gross profit

 

 

9,082

 

 

14,977

 

 

20,893

 

 

19,089

 

 

64,041

Operating (loss) income

 

 

(6,177)

 

 

(423)

 

 

6,092

 

 

2,701

 

 

2,193

(Loss) income before income taxes

 

 

(7,331)

 

 

(1,773)

 

 

4,506

 

 

1,107

 

 

(3,491)

Net (loss) income

 

 

(7,924)

 

 

(1,633)

 

 

4,039

 

 

159

 

 

(5,359)

(Loss) earnings per share:

 

 

  

 

 

  

 

 

  

 

 

  

 

 

 

Basic

 

$

(0.27)

 

$

(0.06)

 

$

0.14

 

$

0.01

 

$

(0.18)

Diluted

 

$

(0.27)

 

$

(0.06)

 

$

0.14

 

$

0.01

 

$

(0.18)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

First

    

Second

    

Third

    

Fourth

    

Total

 

 

Quarter

 

Quarter

 

Quarter

 

Quarter

 

Year

 

 

(in thousands, except per share data)

2018

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Revenues

 

$

136,843

 

$

159,767

 

$

125,073

 

$

99,211

 

$

520,894

Gross profit (loss)

 

 

14,695

 

 

19,462

 

 

4,825

 

 

(22,206)

 

 

16,776

Operating income (loss)

 

 

7,069

 

 

4,591

 

 

(7,405)

 

 

(104,795)

 

 

(100,540)

Income (loss) before income taxes

 

 

5,590

 

 

3,909

 

 

(9,427)

 

 

(106,727)

 

 

(106,655)

Net income (loss)

 

 

4,101

 

 

2,249

 

 

(6,356)

 

 

(94,416)

 

 

(94,422)

Earnings (loss) per share:

 

 

  

 

 

  

 

 

  

 

 

  

 

 

 

Basic

 

$

0.15

 

$

0.08

 

$

(0.22)

 

$

(3.32)

 

$

(3.31)

Diluted

 

$

0.14

 

$

0.08

 

$

(0.22)

 

$

(3.32)

 

$

(3.31)