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Quarterly Financial Information (Unaudited)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information (Unaudited)

NOTE 16 – QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

Summarized unaudited quarterly financial results for 2014 and 2013 is as follows:

 

2014

                                
     March 31 (a)     June 30     September 30      December 31      Total Year  

Net revenue

   $ 105,946      $ 126,348      $ 140,456       $ 145,270       $ 518,020   

Gross profit

     26,405        34,809        39,628         39,210         140,052   

Income from continuing operations

     401        2,327        6,196         5,056         13,980   

Net income

     373        2,307        6,196         5,056         13,932   

Net (loss) income attributable to common stockholders

     (19,524     2,307        6,196         5,056         (5,965

Net (loss) income per share (basic and diluted): (Loss) income per share from continuing operations attributable to common stockholders

   $ (0.75   $ 0.08      $ 0.19       $ 0.16       $ (0.20

(Loss) income per share attributable to

common stockholders

   $ (0.76   $ 0.07      $ 0.19       $ 0.16       $ (0.20

2013

                                
     March 31     June 30     September 30      December 31      Total Year  

Net revenue

   $ 91,962      $ 104,686      $ 115,951       $ 119,330       $ 431,929   

Gross profit

     22,274        26,255        29,949         31,210         109,688   

(Loss) income from continuing operations

     (243     1,436        3,068         2,377         6,638   

Net (loss) income

     (530     1,226        2,967         2,377         6,040   

Net (loss) income attributable to
common stockholders

     (2,017     (306     1,389         751         (183

Net (loss) income per share (basic and diluted): (Loss) income per share from continuing operations attributable to common stockholder

   $ (0.08   $ —        $ 0.07       $ 0.03       $ 0.02   

(Loss) income per share attributable to

common stockholders

   $ (0.09   $ (0.01   $ 0.07       $ 0.03       $ (0.01

 

(a) Net loss attributable to common stockholders for the quarter ended March 31, 2014 included $19,897 of accretion of Redeemable Preferred Stock to its redemption value at the time of our IPO. Prior to the redemption, we accounted for the difference between the carrying amount of the Redeemable Preferred Stock and the redemption amount by increasing the carrying amount for the periodic accretion which reduces net income to arrive at net loss attributable to common stockholders.

 

Earnings-per-share amounts are computed independently each quarter for net (loss) income from continuing operations, net (loss) income from discontinued operations and net loss attributable to common stockholders. As a result, the sum of each quarter’s per-share amount may not equal the total per-share amount for the respective year, and the sum of per-share amounts from continuing operations and discontinued operations may not equal the total per-share amounts for net loss attributable to common stockholders for the respective quarters.