Quarterly Results of Operations (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2019

The unaudited quarterly results of operations for the years ended December 31, 2019 and 2018 are summarized in the table below:



	Three months ended
	March 31		June 30		September 30		December 31
	(in thousands)
2019
Total revenues	$	222,412	$	233,359	$	273,205	$	220,388
Total benefits and expenses	150,798		219,237		234,568		185,977
Income (loss) from operations before income taxes and equity in earnings of operating joint venture	71,614		14,122		38,637		34,411
Net income (loss)	$	87,788	$	48,435	$	43,373	$	37,403
2018
Total revenues	$	188,712	$	248,288	$	183,330	$	209,146
Total benefits and expenses	179,469		224,981		166,760		200,479
Income (loss) from operations before income taxes and equity in earnings of operating joint venture	9,243		23,307		16,570		8,667
Net income (loss)	$	11,304	$	36,226	$	18,725	$	42,383