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Unaudited Quarterly Financial Data (Tables)
 12 Months Ended
Dec. 31, 2016
Unaudited Quarterly Information  
Summarized quarterly financial data

Summarized quarterly financial data for 2016 and 2015 is as follows (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016 Quarter

 

 

 

First

 

Second

 

Third

 

Fourth

 

Total revenues

    

$
124,090

    

$
188,096

    

$
205,427

    

$
261,692

 

Total expenses

 

 
123,231

 

 
180,800

 

 
193,492

 

 
244,196

 

Income before income taxes

 

 
859

 

 
7,296

 

 
11,935

 

 
17,496

 

Less: income tax expense (benefit)

 

 
68

 

 
(110,065)

 

 
38

 

 
438

 

Net income attributable to AV Homes

 

$
791

 

$
117,361

 

$
11,897

 

$
17,058

 

Earnings per share: (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$
0.04

 

$
5.24

 

$
0.53

 

$
0.77

 

Diluted

 

$
0.04

 

$
4.45

 

$
0.49

 

$
0.68

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015 Quarter

 

 

 

First

 

Second

 

Third

 

Fourth

 

Total revenues

    

$
58,830

    

$
79,389

    

$
153,827

    

$
225,720

 

Total expenses

 

 
63,838

 

 
83,855

 

 
148,307

 

 
209,380

 

Income (loss) before income taxes

 

 
(5,008)

 

 
(4,466)

 

 
5,520

 

 
16,340

 

Less: income tax expense

 

 

 —

 

 

 —

 

 

 —

 

 
436

 

Net income (loss) attributable to AV Homes

 

$
(5,008)

 

$
(4,466)

 

$
5,520

 

$
15,904

 

Earnings (loss) per share: (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$
(0.23)

 

$
(0.20)

 

$
0.25

 

$
0.72

 

Diluted

 

$
(0.23)

 

$
(0.20)

 

$
0.25

 

$
0.65

 

 

(1)

Quarterly and year-to-date computations of per share amounts are made independently. Therefore, the sum of per share amounts for the quarters may not be consistent with the per share amounts for the year.