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Quarterly Data (Unaudited)
 12 Months Ended
Dec. 31, 2018
Quarterly Data (Unaudited) [Abstract]  
Quarterly Data

NOTE 20 – QUARTERLY DATA (UNAUDITED)

Unaudited quarterly consolidated financial information for 2018 and 2017 is summarized as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

First 

    

Second

    

Third

    

Fourth

    

 

 

 

 

Quarter

 

Quarter

 

Quarter 

 

Quarter

 

Full Year

 

 

(in thousands, except per share data)

2018

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Net revenue

 

$

38,104

 

$

42,207

 

$

40,771

 

$

48,874

 

$

169,956

Income (loss) from operations

 

 

14,912

 

 

21,783

 

 

(643)

 

 

21,121

 

 

57,173

(Loss) income before income taxes

 

 

(345)

 

 

6,105

 

 

(16,247)

 

 

4,815

 

 

(5,672)

Net (loss) income

 

 

(304)

 

 

4,689

 

 

(8,034)

 

 

(1,329)

 

 

(4,978)

Net income attributable to noncontrolling interests

 

 

(1,960)

 

 

(1,102)

 

 

(1,581)

 

 

(863)

 

 

(5,506)

Net (loss) income attributable to Sequential Brands Group, Inc. and Subsidiaries

 

 

(2,264)

 

 

3,587

 

 

(9,615)

 

 

(2,192)

 

 

(10,484)

Basic (loss) earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Attributable to Sequential Brands Group, Inc. and Subsidiaries

 

$

(0.04)

 

$

0.06

 

$

(0.15)

 

$

(0.03)

 

 

  

Diluted (loss) earnings per share:

 

 

  

 

 

 

 

 

  

 

 

  

 

 

  

Attributable to Sequential Brands Group, Inc. and Subsidiaries

 

$

(0.04)

 

$

0.06

 

$

(0.15)

 

$

(0.03)

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

First 

    

Second

    

Third

    

Fourth

    

 

 

 

 

Quarter

 

Quarter

 

Quarter

 

Quarter (1)

 

Full Year

 

 

(in thousands, except per share data)

2017

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Net revenue

 

$

39,400

 

$

42,144

 

$

39,025

 

$

46,895

 

$

167,464

Income (loss) from operations

 

 

15,992

 

 

24,244

 

 

(13,551)

 

 

(279,292)

 

 

(252,607)

Income (loss) before income taxes

 

 

1,540

 

 

7,566

 

 

(28,574)

 

 

(294,613)

 

 

(314,081)

Net income (loss)

 

 

955

 

 

4,451

 

 

(24,732)

 

 

(162,220)

 

 

(181,546)

Net (income) loss attributable to noncontrolling interests

 

 

(2,135)

 

 

(1,921)

 

 

552

 

 

(668)

 

 

(4,172)

Net (loss) income attributable to Sequential Brands Group, Inc. and Subsidiaries

 

 

(1,180)

 

 

2,530

 

 

(24,180)

 

 

(162,888)

 

 

(185,718)

Basic (loss) earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

Attributable to Sequential Brands Group, Inc. and Subsidiaries

 

$

(0.02)

 

$

0.04

 

$

(0.38)

 

$

(2.58)

 

 

  

Diluted (loss) earnings per share:

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Attributable to Sequential Brands Group, Inc. and Subsidiaries

 

$

(0.02)

 

$

0.04

 

$

(0.38)

 

$

(2.58)

 

 

  

(1) During the fourth quarter of 2017, the Company recorded a non-cash positive benefit of $132.4 million due to tax reform impact and non-cash impairment charges of $304.1 million related to the Company’s goodwill.