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Unaudited Quarterly Financial Data
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Unaudited Quarterly Financial Data
Unaudited Quarterly Financial Data

The following tables sets forth certain unaudited consolidated quarterly financial data for the years ended 2017 and 2016:

 
For the Quarters Ended
(in thousands, except per share amounts)
3/31/2017

 
6/30/2017

 
9/30/2017

 
12/31/2017

Operating revenue
$
439,851

 
$
473,978

 
$
483,131

 
$
454,157

Operating income
$
32,563

 
$
78,393

 
$
62,296

 
$
65,366

Equity in (losses)/earnings of affiliates, net of tax
$
(723
)
 
$
(280
)
 
$
(229
)
 
$
46

Amounts attributable to CoreLogic:
 
 
 
 
 
 
 
Net income from continuing operations
$
12,708

 
$
41,182

 
$
30,828

 
$
64,816

Income/(loss) from discontinued operations, net of tax
2,417

 
78

 
(74
)
 
(106
)
Gain from sale of discontinued operations, net of tax
313

 
—

 
—

 
—

Net income attributable to CoreLogic stockholders
$
15,438

 
$
41,260

 
$
30,754

 
$
64,710

Basic income/(loss) per share:
 

 
 

 
 

 
 

Net income from continuing operations
$
0.15

 
$
0.49

 
$
0.37

 
$
0.79

Income/(loss) from discontinued operations, net of tax
0.03

 
—

 
—

 
—

Gain from sale of discontinued operations, net of tax
—

 
—

 
—

 
—

Net income
$
0.18

 
$
0.49

 
$
0.37

 
$
0.79

Diluted income/(loss) per share:
 

 
 

 
 

 
 

Net income from continuing operations
$
0.15

 
$
0.48

 
$
0.36

 
$
0.78

Income/(loss) from discontinued operations, net of tax
0.03

 
—

 
—

 
—

Gain from sale of discontinued operations, net of tax
—

 
—

 
—

 
—

Net income
$
0.18

 
$
0.48

 
$
0.36

 
$
0.78

Weighted-average common shares outstanding:
 

 
 

 
 

 
 

Basic
84,432

 
84,548

 
83,362

 
81,656

Diluted
86,341

 
86,097

 
85,090

 
83,539


 
For the Quarters Ended
(in thousands, except per share amounts)
3/31/2016

 
6/30/2016

 
9/30/2016

 
12/31/2016

Operating revenue
$
453,543

 
$
500,204

 
$
523,896

 
$
474,914

Operating income
$
58,225

 
$
76,398

 
$
85,721

 
$
57,596

Equity in (losses)/earnings of affiliates, net of tax
$
(90
)
 
$
78

 
$
607

 
$
(99
)
Amounts attributable to CoreLogic:
 
 
 
 
 
 
 
Net income from continuing operations
$
27,538

 
$
40,424

 
$
36,002

 
$
5,982

Loss from discontinued operations, net of tax
(58
)
 
(4
)
 
(936
)
 
(468
)
Loss from sale of discontinued operations, net of tax
—

 
—

 
—

 
(1,930
)
Net income attributable to CoreLogic stockholders
$
27,480

 
$
40,420

 
$
35,066

 
$
3,584

Basic income/(loss) per share:
 

 
 

 
 

 
 

Net income from continuing operations
$
0.31

 
$
0.46

 
$
0.41

 
$
0.07

Loss from discontinued operations, net of tax
—

 
—

 
(0.01
)
 
(0.01
)
Loss from sale of discontinued operations, net of tax
—

 
—

 
—

 
(0.02
)
Net Income
$
0.31

 
$
0.46

 
$
0.40

 
$
0.04

Diluted income/(loss) per share:
 

 
 

 
 

 
 

Net income from continuing operations
$
0.31

 
$
0.45

 
$
0.40

 
$
0.07

Loss from discontinued operations, net of tax
—

 
—

 
(0.01
)
 
(0.01
)
Loss from sale of discontinued operations, net of tax
—

 
—

 
—

 
(0.02
)
Net Income
$
0.31

 
$
0.45

 
$
0.39

 
$
0.04

Weighted-average common shares outstanding:
 

 
 

 
 

 
 

Basic
88,310

 
88,572

 
87,584

 
85,534

Diluted
89,919

 
89,968

 
89,188

 
87,289



During the years ended December 31, 2017 and 2016, we identified prior period errors which had overstated our provision for deferred income taxes by $9.4 million for the year ended December 31, 2015 and understated our provision for deferred income taxes by $2.0 million prior to 2015. We corrected these items in the periods of identification by recording net reductions to deferred income tax expense of $3.0 million, $1.3 million and $3.1 million in the quarters ended September 30, 2017, June 30, 2017, and December 31, 2016, respectively, within continuing operations. See further discussion in Note 2 – Significant Accounting Policies.