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Selected Quarterly Financial Data
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data
Selected Quarterly Financial Data—(unaudited)
Provided below are selected unaudited quarterly financial data for 2016 and 2015.
The earnings per share information is calculated independently for each quarter based on the weighted average number of common stock and common stock equivalents outstanding, which may fluctuate, based on quarterly income levels and market prices. Therefore and due to the seasonality of the Company’s earnings, the sum of the quarters’ per share information may not equal the annual amount presented on the Consolidated Statements of Operations.
 
 
 
2016
 
 
 
First 
 
Second
 
Third
 
Fourth
Net revenues
$
1,881

 
$
2,243

 
$
2,656

 
$
1,879

Net income (loss)
(51
)
 
36

 
209

 
(31
)
 
 
 
 
 
 
 
 
 
 
Per share information:
 
 
 
 
 
 
 
 
Basic
 
 
 
 
 
 
 
 
 
Net income (loss)
$
(0.53
)
 
$
0.39

 
$
2.32

 
$
(0.35
)
 
 
Weighted average shares
96.3

 
93.9

 
90.4

 
87.4

 
 
 
 
 
 
 
 
 
 
 
Diluted
 
 
 
 
 
 
 
 
 
Net income (loss)
$
(0.53
)
 
$
0.38

 
$
2.28

 
$
(0.35
)
 
 
Weighted average shares
96.3

 
95.1

 
91.8

 
87.4

 
 
 
 
2015
 
 
 
First
 
Second
 
Third
 
Fourth
Net revenues
$
1,850

 
$
2,173

 
$
2,577

 
$
1,902

Net income (loss)
(9
)
 
143

 
184

 
(5
)
 
 
 
 
 
 
 
 
 
 
Per share information:
 
 
 
 
 
 
 
 
Basic
 
 
 
 
 
 
 
 
 
Net income (loss)
$
(0.09
)
 
$
1.36

 
$
1.80

 
$
(0.06
)
 
 
Weighted average shares
106.1

 
105.5

 
102.7

 
99.5

 
 
 
 
 
 
 
 
 
 
 
Diluted
 
 
 
 
 
 
 
 
 
Net income (loss)
$
(0.09
)
 
$
1.34

 
$
1.77

 
$
(0.06
)
 
 
Weighted average shares
106.1

 
106.7

 
104.0

 
99.5