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Quarterly Financial Information (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
Quarterly financial information is presented below:
 
Year Ended December 31, 2019
 
First
Quarter(1)
 
Second Quarter(1)
 
Third
Quarter(1)
 
Fourth Quarter
 
Total
 
(amounts in thousands, except per share data)
Revenue
$
107,442

 
$
111,970

 
$
122,353

 
$
120,545

 
$
462,310

Gross profit
$
49,917

 
$
53,853

 
$
58,849

 
$
57,012

 
$
219,631

Net income
$
3,846

 
$
4,672

 
$
10,080

 
$
12,944

 
$
31,542

Net income attributable to Switch, Inc.
$
733

 
$
1,189

 
$
2,947

 
$
4,048

 
$
8,917

Basic net income per share(2)
$
0.01

 
$
0.02

 
$
0.04

 
$
0.05

 
$
0.12

Diluted net income per share(2)
$
0.01

 
$
0.02

 
$
0.03

 
$
0.04

 
$
0.11

________________________________________
(1)
The amounts presented differ from previously reported amounts as a result of the adoption of ASC 606 and ASC 842 for the annual period ended December 31, 2019.
(2)
Because net income per share amounts are calculated using the weighted average number of common and dilutive common equivalent shares outstanding during each quarter, the sum of the per share amounts for the four quarters may not equal the total net income per share amounts for the year.
 
Year Ended December 31, 2018
 
First
Quarter
 
Second Quarter
 
Third
Quarter
 
Fourth Quarter
 
Total
 
(amounts in thousands, except per share data)
Revenue
$
97,717

 
$
102,161

 
$
102,768

 
$
103,214

 
$
405,860

Gross profit
$
42,861

 
$
46,967

 
$
43,618

 
$
48,001

 
$
181,447

Net income
$
3,950

 
$
9,539

 
$
4,663

 
$
11,166

 
$
29,318

Net income attributable to Switch, Inc.
$
671

 
$
821

 
$
6

 
$
2,554

 
$
4,052

Basic net income per share
$
0.02

 
$
0.02

 
$
0.00

 
$
0.05

 
$
0.09

Diluted net income per share
$
0.02

 
$
0.02

 
$
0.00

 
$
0.05

 
$
0.09