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Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)

NOTE 21 — QUARTERLY FINANCIAL DATA (UNAUDITED)

The following table provides a summary of the Company’s quarterly operating results for the years ended December 31, 2016 and 2015 (in thousands):

 

 

2016 Quarters

 

 

 

 

1st

 

 

2nd

 

 

3rd

 

 

4th

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net operating revenues

 

$

549,551

 

 

$

529,737

 

 

$

543,939

 

 

$

515,240

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(4,687

)

 

$

(243,966

)

 

$

(6,452

)

 

$

(90,092

)

 

Less: Net income (loss) attributable to noncontrolling interests

 

 

315

 

 

 

1,095

 

 

 

507

 

 

 

574

 

 

Net income (loss) attributable to Quorum Health Corporation

 

$

(5,002

)

 

$

(245,061

)

 

$

(6,959

)

 

$

(90,666

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share attributable to Quorum Health Corporation stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted

 

$

(0.18

)

 

$

(8.63

)

 

$

(0.24

)

 

$

(3.19

)

 

Weighted-average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted

 

 

28,412,054

 

 

 

28,412,720

 

 

 

28,413,532

 

 

 

28,416,801

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015 Quarters

 

 

 

 

1st

 

 

2nd

 

 

3rd

 

 

4th

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net operating revenues

 

$

547,617

 

 

$

538,352

 

 

$

543,143

 

 

$

558,226

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

5,824

 

 

$

2,205

 

 

$

(4,075

)

 

$

781

 

 

Less: Net income (loss) attributable to noncontrolling interests

 

 

(375

)

 

 

775

 

 

 

1,638

 

 

 

1,360

 

 

Net income (loss) attributable to Quorum Health Corporation

 

$

6,199

 

 

$

1,430

 

 

$

(5,713

)

 

$

(579

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share attributable to Quorum Health Corporation stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted

 

$

0.22

 

 

$

0.05

 

 

$

(0.20

)

 

$

(0.02

)

 

Weighted-average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted

 

 

28,412,054

 

 

 

28,412,054

 

 

 

28,412,054

 

 

 

28,412,054

 

 

Net income (loss) for the second and fourth quarters in the year ended December 31, 2016 included the impact of impairment recorded for long-lived assets and goodwill.  See Note 3 — Impairment of Long-lived Assets and Goodwill.

Net income (loss) for the fourth quarter of 2016 additionally includes the impact of the change in estimate for collectability of patient accounts receivable.  See Note 2 — Basis of Presentation and Significant Accounting Policies — Revenues and Accounts Receivable.