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QUARTERLY FINANCIAL INFORMATION
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information [Abstract]  
QUARTERLY FINANCIAL INFORMATION (UNAUDITED) QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
The following tables set forth summary financial information for the years ended December 31, 2019 and 2018:
 
Q1
 
Q2
 
Q3
 
Q4
 
(in thousands, except per share amounts)
2019
 
 
 
 
 
 
 
Revenue
$
262,390

 
$
278,421

 
$
310,605

 
$
255,187

Operating (loss) income (1)
(1,802
)
 
12,316

 
31,193

 
9,021

Income from continuing operations (1)
550

 
12,981

 
24,463

 
1,466

(Loss) income from discontinued operations
(1,062
)
 
(763
)
 
(20,199
)
 
392

Net (loss) income and comprehensive (loss) income
$
(512
)
 
$
12,218

 
$
4,264

 
$
1,858

Income per share from continuing operations:
 
 
 
 
 
 
 
Basic
$
0.04

 
$
1.01

 
$
1.90

 
$
0.11

Diluted
$
0.04

 
$
0.87

 
$
1.67

 
$
0.10

(Loss) income per share from discontinued operations:
 
 
 
 
 
 
 
Basic
$
(0.08
)
 
$
(0.06
)
 
$
(1.57
)
 
$
0.03

Diluted
$
(0.07
)
 
$
(0.05
)
 
$
(1.38
)
 
$
0.03

Net (loss) income per share:
 
 
 
 
 
 
 
Basic
$
(0.04
)
 
$
0.95

 
$
0.33

 
$
0.14

Diluted
$
(0.04
)
 
$
0.82

 
$
0.29

 
$
0.13



(1)
The first quarter of 2019 includes contingent consideration expense of $14.4 million for the QuoteWizard acquisition due to an increased probability of achievement of certain defined performance targets for QuoteWizard.

 
Q1
 
Q2
 
Q3
 
Q4
 
(in thousands, except per share amounts)
2018
 
 
 
 
 
 
 
Revenue
$
181,035

 
$
184,101

 
$
197,057

 
$
202,672

Operating income (1)
15,350

 
18,123

 
20,290

 
2,428

Income from continuing operations (1)
35,857

 
44,849

 
28,362

 
251

Loss from discontinued operations
(4,333
)
 
(2,302
)
 
(2,634
)
 
(3,551
)
Net income (loss) and comprehensive income (loss)
$
31,524

 
$
42,547

 
$
25,728

 
$
(3,300
)
Income per share from continuing operations:
 
 
 
 
 
 
 
Basic
$
2.97

 
$
3.61

 
$
2.22

 
$
0.02

Diluted
$
2.41

 
$
3.17

 
$
2.05

 
$
0.02

Loss per share from discontinued operations:
 
 
 
 
 
 
 
Basic
$
(0.36
)
 
$
(0.19
)
 
$
(0.21
)
 
$
(0.28
)
Diluted
$
(0.29
)
 
$
(0.16
)
 
$
(0.19
)
 
$
(0.26
)
Net income (loss) per share:
 
 
 
 
 
 
 
Basic
$
2.61

 
$
3.43

 
$
2.01

 
$
(0.26
)
Diluted
$
2.12

 
$
3.01

 
$
1.86

 
$
(0.24
)

(1)
The fourth quarter of 2018 includes contingent consideration expense of $6.8 million for the QuoteWizard acquisition due to an increased probability of achievement of certain defined performance targets for QuoteWizard.