Selected Quarterly Financial Information

12 Months Ended

Dec. 31, 2019

(11) Selected Quarterly Financial Information

Summarized quarterly financial data for the years ended December 31, 2019 and 2018 is as follows:


	Year Ended December 31, 2019
	Quarter
(in thousands)	First		Second		Third		Fourth
Net sales	$	91,873	$	137,660	$	88,582	$	86,062
Cost of materials and other (1)	23,730		26,000		21,617		22,756
Direct operating expenses (1)	34,820		45,630		47,557		45,622
Operating income (loss)	9,439		34,544		(7,517)		(9,086)
Net (loss) income	(6,079)		18,968		(22,976)		(24,882)

Basic and diluted (loss) income per common unit	$	(0.05)	$	0.17	$	(0.20)	$	(0.22)

Basic and diluted weighted-average common units outstanding	113,283		113,283		113,283		113,283


	Year Ended December 31, 2018
	Quarter
(in thousands)	First		Second		Third		Fourth
Net sales	$	79,859	$	93,197	$	79,909	$	98,117
Cost of materials and other (1)	22,469		19,139		19,590		27,263
Direct operating expenses (1)	38,669		47,465		35,334		37,851
Operating income (loss)	(3,421)		(790)		2,529		7,996
Net loss	(19,051)		(16,459)		(13,146)		(1,371)

Basic and diluted loss per common unit	$	(0.17)	$	(0.15)	$	(0.12)	$	(0.01)

Basic and diluted weighted-average common units outstanding	113,283		113,283		113,283		113,283

(1)Excludes depreciation and amortization expenses.