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Quarterly Financial Information (unaudited) (Tables)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information

Summarized quarterly financial data for the years ended December 31, 2017 and 2016 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, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total operating revenues

 

$

101,863

 

 

$

86,191

 

 

$

91,549

 

 

$

104,056

 

Total operating expenses

 

 

87,632

 

 

 

80,589

 

 

 

94,338

 

 

 

108,431

 

Operating income (loss)

 

 

14,231

 

 

 

5,602

 

 

 

(2,789

)

 

 

(4,375

)

Net income (loss)

 

 

26,847

 

 

 

11,494

 

 

 

(16,694

)

 

 

(13,122

)

Income (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.10

 

 

$

0.04

 

 

$

(0.06

)

 

$

(0.05

)

Diluted

 

$

0.10

 

 

$

0.04

 

 

$

(0.06

)

 

$

(0.05

)

 

 

 

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

 

 

100,214

 

 

 

84,017

 

 

 

78,678

 

 

 

89,527

 

Operating loss

 

 

(50,608

)

 

 

(36,951

)

 

 

(24,199

)

 

 

(5,644

)

Net loss

 

 

(45,534

)

 

 

(73,163

)

 

 

(25,949

)

 

 

(62,089

)

Loss per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted

 

$

(0.20

)

 

$

(0.33

)

 

$

(0.10

)

 

$

(0.23

)