SUPPLEMENTARY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2016

SUPPLEMENTARY FINANCIAL DATA (UNAUDITED)

SUPPLEMENTARY FINANCIAL DATA (UNAUDITED)

SUPPLEMENTARY FINANCIAL DATA (UNAUDITED)

(In thousands, except per share data)

        The following table presents certain unaudited consolidated quarterly financial information for the eight quarters in the periods ended December 31, 2016 and 2015. This information has been prepared on the same basis as the audited consolidated financial statements and includes all adjustments (consisting only of normal recurring adjustments) necessary to present fairly the unaudited quarterly results of operations set forth herein.

	For the Quarters Ended
	March 31			June 30			September 30			December 31
2016
Total revenue	$	18,410		$	5,471		$	19,075		$	5,692
Costs and expenses		60,052			52,968			52,569			63,526
Loss from operations		(41,642	)		(47,497	)		(33,494	)		(57,834	)
Net loss		(42,150	)		(47,225	)		(33,962	)		(67,332	)
Basic and diluted net loss per share	$	(1.10	)	$	(1.06	)	$	(0.73	)	$	(1.36	)
2015
Total revenue	$	20,401		$	7,134		$	10,698		$	3,893
Costs and expenses		58,138			52,427			53,793			59,667
Loss from operations		(37,737	)		(45,293	)		(43,095	)		(55,774	)
Net loss(1)		(42,474	)		(47,603	)		(47,314	)		(44,828	)
Basic and diluted net loss per share	$	(1.29	)	$	(1.42	)	$	(1.40	)	$	(1.23	)

(1)           In the fourth quarter of 2015, we recognized a $10.8 million reduction in our 2015 provision for income taxes primary due to changes in the Company's transfer pricing.