Quarterly Financial Data (unaudited)

12 Months Ended

Dec. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data (unaudited)

Quarterly Financial Data (unaudited)

2017	First Quarter		Second Quarter		Third Quarter (1)			Fourth Quarter (2)
	(In thousands, except per share data)
Total revenue	$	116,272	$	118,020	$	152,350		$	156,371
Net income (loss)	6,318		11,341		(77,991		)	(18,752		)
Net income (loss) attributable to common shareholders	6,318		11,341		(69,831		)	(16,418		)
Earnings (loss) per share:
Basic	0.06		0.11		(0.61		)	(0.15		)
Diluted	0.06		0.11		(0.61		)	(0.15		)

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⁽¹⁾  During the third quarter of 2017, we recognized transaction and other costs of $104.1 million, a gain on bargain purchase of $27.8 million and share-based compensation expense of $14.4 million in connection with the completion of the Formation Transaction.

⁽²⁾  During the fourth quarter of 2017, we recognized share-based compensation expense of $14.8 million and transaction and other costs of $12.6 million in connection with the completion of the Formation Transaction in the third quarter of 2017. Additionally, we recognized a reduction to the gain on bargain purchase of $3.4 million related to adjustments to the fair value of certain assets acquired and liabilities assumed in the Formation Transaction. See Note 3 for additional information.

2016	First Quarter		Second Quarter		Third Quarter		Fourth Quarter (1)
	(In thousands, except per share data)
Total revenue	$	116,784	$	116,339	$	123,357	$	122,039
Net income	11,547		16,783		21,014		12,630
Net income attributable to common shareholders	11,547		16,783		21,014		12,630
Earnings per share:
Basic	0.11		0.17		0.21		0.13
Diluted	0.11		0.17		0.21		0.13

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⁽¹⁾  During the fourth quarter of 2016, we recognized transaction and other costs of $4.9 million in connection with the Formation Transaction completed during the third quarter of 2017.