Quarterly Financial Information (Tables)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information (unaudited)

Schedule of Quarterly Financial Information

Summarized quarterly results were as follows (in thousands, except shares and per share amounts):

	For the Quarter Ended
	March 31,		June 30,		September 30,		December 31,
2020:
Total revenue	$	70,272	$	52,207	$	71,073	$	72,449
Total operating expenses		58,509		43,525		60,258		65,701
Operating income		11,763		8,682		10,815		6,748
Total other expenses, net		(2,683)		(2,052)		(2,040)		(2,110)
Income before provision for income taxes		9,080		6,630		8,775		4,638
Provision for income taxes		(3,790)		(706)		(2,051)		(2,556)
Net income		5,290		5,924		6,724		2,082
Less: net income attributable to non-controlling interest		2,659		2,435		3,171		791
Net income attributable to Holdings	$	2,631	$	3,489	$	3,553	$	1,291
Net income attributable to Holdings per share of Class A common stock
Basic	$	0.15	$	0.19	$	0.20	$	0.07
Diluted	$	0.15	$	0.19	$	0.19	$	0.07
Weighted average shares of Class A common stock outstanding
Basic		17,974,264		18,123,963		18,196,454		18,386,709
Diluted		18,033,631		18,146,886		18,368,051		18,748,412

	For the Quarter Ended
	March 31,		June 30,		September 30,		December 31,
2019:
Total revenue	$	71,178	$	71,381	$	71,541	$	68,193
Total operating expenses		58,233		49,311		48,097		58,213
Operating income		12,945		22,070		23,444		9,980
Total other expenses, net		(2,780)		(2,751)		(2,727)		(2,416)
Income before provision for income taxes		10,165		19,319		20,717		7,564
Provision for income taxes		(1,908)		(3,186)		(3,453)		(2,362)
Net income		8,257		16,133		17,264		5,202
Less: net income attributable to non-controlling interest		3,848		7,563		8,091		2,314
Net income attributable to Holdings	$	4,409	$	8,570	$	9,173	$	2,888
Net income attributable to Holdings per share of Class A common stock
Basic	$	0.25	$	0.48	$	0.51	$	0.16
Diluted	$	0.25	$	0.48	$	0.51	$	0.16
Weighted average shares of Class A common stock outstanding
Basic		17,775,381		17,808,321		17,826,332		17,837,386
Diluted		17,817,620		17,833,958		17,840,158		17,978,431