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SELECTED QUARTERLY FINANCIAL DATA (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
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