SELECTED QUARTERLY FINANCIAL DATA (Unaudited)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

SELECTED QUARTERLY FINANCIAL DATA (Unaudited)

Selected Quarterly Financial Data (Unaudited)

The following table contains quarterly financial information for the years 2019 and 2018. The Company believes that the following information reflects all normal recurring adjustments necessary for a fair statement of the information for the periods presented.

(in thousands, except per share data)	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
2019
Total revenue	$	120,631		$	143,218		$	129,309		$	130,419
Total operating costs and expenses	90,324			109,372			107,858			101,397
Income from operations	30,307			33,846			21,451			29,022
Total other expense, net	(7,038		)	(10,521		)	(10,650		)	(11,237		)
Income before provision for income taxes	23,269			23,325			10,801			17,785
Provision for income taxes	5,673			6,145			3,802			4,430
Net income	17,596			17,180			6,999			13,355
Net income per share
Basic	$	0.46		$	0.42		$	0.19		$	0.40
Diluted	$	0.46		$	0.42		$	0.18		$	0.40
2018
Total revenue	$	104,806		$	110,815		$	110,494		$	111,422
Total operating costs and expenses	79,929			79,391			80,843			76,725
Income from operations	24,877			31,424			29,651			34,697
Total other expense, net	(5,699		)	(5,068		)	(5,364		)	(6,721		)
Income before provision for income taxes	19,178			26,356			24,287			27,976
Provision for income taxes	6,544			6,056			7,913			5,846
Net income	12,634			20,300			16,374			22,130
Net income per share
Basic	$	0.34		$	0.55		$	0.44		$	0.60
Diluted	$	0.33		$	0.53		$	0.42		$	0.57