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Unaudited Quarterly Financial Data
 12 Months Ended
Dec. 31, 2017
Unaudited Quarterly Information  
Quarterly Financial Data (Unaudited)

Note 15 - Unaudited Quarterly Information

 

Summarized quarterly financial data for 2017 and 2016 is as follows (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017 Quarter

 

 

 

First

 

Second

 

Third

 

Fourth

 

Total revenues

    

$

155,548

    

$

201,194

    

$

205,739

    

$

280,772

 

Total expenses

 

 

151,380

 

 

199,725

 

 

208,088

 

 

265,728

 

Income (loss) before income taxes

 

 

4,168

 

 

1,469

 

 

(2,349)

 

 

15,044

 

Less: income tax expense (benefit)

 

 

1,729

 

 

822

 

 

(872)

 

 

38,589

 

Net income (loss)

 

$

2,439

 

$

647

 

$

(1,477)

 

$

(23,545)

 

Earnings (loss) per share: (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.11

 

$

0.03

 

$

(0.07)

 

$

(1.05)

 

Diluted

 

$

0.11

 

$

0.03

 

$

(0.07)

 

$

(1.05)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

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

 

 

(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.