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Quarterly Financial Information (unaudited) (Tables)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information

Summarized quarterly financial data for the years ended December 31, 2016 and 2015 are presented in the following table. In the following table, the sum of basic and diluted “Loss per common share” for the four quarters may differ from the annual amounts due to the required method of computing weighted average number of shares in the respective periods. Additionally, due to the effect of rounding, the sum of the individual quarterly loss per share amounts may not equal the calculated year loss per share amount (in thousands, except per share data).

 

 

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

Year ended December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total operating revenues

 

$

49,606

 

 

$

47,066

 

 

$

54,479

 

 

$

83,883

 

Total operating expenses

 

 

95,367

 

 

 

83,865

 

 

 

79,530

 

 

 

90,745

 

Operating loss

 

 

(45,761

)

 

 

(36,799

)

 

 

(25,051

)

 

 

(6,862

)

Net loss

 

 

(40,687

)

 

 

(73,011

)

 

 

(26,801

)

 

 

(63,307

)

Loss per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted

 

$

(0.18

)

 

$

(0.33

)

 

$

(0.10

)

 

$

(0.23

)

 

 

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

Year ended December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total operating revenues

 

$

43,814

 

 

$

74,453

 

 

$

71,172

 

 

$

65,882

 

Total operating expenses

 

 

93,248

 

 

 

114,909

 

 

 

123,462

 

 

 

911,187

 

Operating loss

 

 

(49,434

)

 

 

(40,456

)

 

 

(52,290

)

 

 

(845,305

)

Net loss

 

 

(34,103

)

 

 

(41,970

)

 

 

(81,468

)

 

 

(813,869

)

Loss per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted

 

$

(0.17

)

 

$

(0.19

)

 

$

(0.37

)

 

$

(3.66

)