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Selected Quarterly Results (unaudited)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Results (Unaudited)
SELECTED QUARTERLY RESULTS (UNAUDITED)
The table below presents quarterly data for the years ended December 31, 2019 and 2018.
 
(In thousands, except per share amounts, unaudited)
 
First
 
Second
 
Third
 
Fourth
2019
 

 
 

 
 

 
 

Revenues (a)
$
68,631

 
$
75,609

 
$
72,523

 
$
102,161

Net income applicable to InterDigital, Inc.'s common shareholders
$
(2,803
)
 
$
7,743

 
$
2,234

 
$
13,754

Net income per common share — basic
$
(0.09
)
 
$
0.25

 
$
0.07

 
$
0.44

Net income per common share — diluted
$
(0.09
)
 
$
0.24

 
$
0.07

 
$
0.44

2018
First
 
Second
 
Third
 
Fourth(c)
Revenues (b)
$
87,444

 
$
69,555

 
$
75,079

 
$
75,326

Net income applicable to InterDigital, Inc.'s common shareholders
$
30,230

 
$
10,966

 
$
21,752

 
$
2,083

Net income per common share — basic
$
0.87

 
$
0.32

 
$
0.63

 
$
0.06

Net income per common share — diluted
$
0.85

 
$
0.31

 
$
0.61

 
$
0.06


                             
(a)
In 2019, we recognized $19.8 million of non-current patent royalties primarily attributable to the Funai, ZTE Corporation, and Innovius LLC patent license agreements, all of which were signed in fourth quarter 2019.
(b) In 2018, we recognized $26.3 million of non-current patent royalties primarily attributable to the Kyocera and Signal Trust for Wireless Innovation patent license agreements, both signed in first quarter 2018.
(c) Fourth quarter 2018 amounts have been revised due to the revision to noncontrolling interest that is discussed further in Note 21, “Revision to Noncontrolling Interest.” As reported amounts for net income applicable to InterDigital, Inc’s common shareholders, net income per common share - basic, and net income per common share - diluted for fourth quarter 2018 were $1,830, $0.05, and $0.05, respectively.