Note W — Quarterly Financial Information (Unaudited)

The following table presents our unaudited quarterly consolidated results of operations for each of the eight quarters in the two-year period ended December 31, 2019. The unaudited quarterly consolidated information has been derived from our unaudited quarterly financial statements on Forms 10-Q, which were prepared on the same basis as our audited consolidated financial statements. Amounts are computed independently each quarter, therefore, the sum of the quarterly amounts may not equal the total amount for the respective year due to rounding.


	Three Months Ended
	March 31,		June 30,		September 30,		December 31,
(dollars in thousands, except per share amounts)	2019		2019		2019		2019
Net revenues	$	236,419	$	281,098	$	279,638	$	300,891
Material costs		78,377		91,399		92,034		95,961
Personnel costs		86,711		91,490		94,594		99,430
Other operating costs		33,555		33,741		32,771		34,876
General and administrative expenses		28,282		29,358		29,834		30,591
Professional accounting and legal fees		2,700		3,247		3,629		4,113
Depreciation and amortization		8,773		8,760		9,373		9,019
(Loss) income from operations		(1,979)		23,103		17,403		26,901
Interest expense, net		8,538		8,481		8,954		8,285
Non-service defined benefit plan expense		173		173		173		172
(Loss) income before income taxes		(10,690)		14,449		8,276		18,444
(Benefit) provision for income taxes		(3,739)		4,414		2,585		(306)
Net (loss) income	$	(6,951)	$	10,035	$	5,691	$	18,750

Other comprehensive (loss) income:
Unrealized (loss) gain on cash flow hedges, net of tax		(2,936)		(4,688)		(1,641)		2,064
Unrealized gain (loss) on defined benefit plan, net of tax		6		6		7		(838)
Comprehensive (loss) income	$	(9,881)	$	5,353	$	4,057	$	19,976

Basic Per Common Share Data:
Basic (loss) earnings per share	$	(0.19)	$	0.27	$	0.15	$	0.50
Weighted average shares outstanding - basic		37,001,977		37,299,766		37,349,144		37,411,847

Diluted Per Common Share Data:
Diluted (loss) earnings per share	$	(0.19)	$	0.26	$	0.15	$	0.49
Weighted average shares outstanding - diluted		37,001,977		37,887,559		37,986,860		38,415,108


	Three Months Ended
	March 31,		June 30,		September 30,		December 31,
(dollars in thousands, except per share amounts)	2018		2018		2018		2018
Net revenues	$	233,995	$	266,966	$	262,946	$	284,853
Material costs		76,356		86,516		84,805		90,340
Personnel costs		86,108		89,554		90,853		97,574
Other operating costs		31,096		30,536		30,999		31,271
General and administrative expenses		25,636		26,523		28,308		29,085
Professional accounting and legal fees		4,846		4,236		3,107		4,726
Depreciation and amortization		9,330		9,272		8,950		8,903
Impairment of intangible assets		—		—		—		183
Income from operations		623		20,329		15,924		22,771
Interest expense, net		12,263		7,317		8,939		9,046
Loss on extinguishment of debt		16,998		—		—		—
Non-service defined benefit plan expense		176		176		176		176
(Loss) income before income taxes		(28,814)		12,836		6,809		13,549
(Benefit) provision for income taxes		(6,196)		(92)		2,440		9,086
Net (loss) income	$	(22,618)	$	12,928	$	4,369	$	4,463

Other comprehensive loss:
Unrealized (loss) gain on cash flow hedges, net of tax		(2,290)		2,314		1,738		(4,698)
Unrealized (loss) gain on defined benefit plan, net of tax		(292)		26		26		694
Comprehensive (loss) income	$	(25,200)	$	15,268	$	6,133	$	459

Basic Per Common Share Data:
Basic (loss) earnings per share	$	(0.62)	$	0.35	$	0.12	$	0.12
Weighted average shares outstanding - basic		36,498,482		36,790,401		36,856,881		36,906,938

Diluted Per Common Share Data:
Diluted (loss) earnings per share	$	(0.62)	$	0.35	$	0.12	$	0.12
Weighted average shares outstanding - diluted		36,498,482		37,404,360		37,556,594		37,721,662