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QUARTERLY DATA (UNAUDITED) (Tables)
12 Months Ended
Dec. 31, 2014
QUARTERLY DATA (UNAUDITED)  
Schedule of consolidated quarterly financial information

        The following table sets forth certain consolidated quarterly financial information for the years ended December 31, 2014 and 2013 (dollars in thousands, except per share amounts).

                                                                                                                                                                                    

 

 

Predecessor

 

 

 

Successor

 

 

 

 

 

 

 

Quarter
Ended
March 31

 

Quarter
Ended
June 30

 

July 1 to
September 18

 

 

 

September 19 to
September 30

 

Quarter
Ended
December 31

 

 

 

 

 

 

 

 

 

2014:(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

119,646

 

$

130,152

 

$

117,009

 

 

 

$

17,087

 

$

113,000

 

Less promotional allowances

 

 

(4,818

)

 

(5,252

)

 

(4,860

)

 

 

 

(776

)

 

(5,143

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net revenues

 

 

114,828

 

 

124,900

 

 

112,149

 

 

 

 

16,311

 

 

107,857

 

Operating expenses

 

 

102,097

 

 

107,150

 

 

97,939

 

 

 

 

15,731

 

 

100,374

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Operating income (loss)

 

 

12,192

 

 

17,340

 

 

7,355

 

 

 

 

(38

)

 

7,038

 

Net loss

 

$

(6,213

)

$

(1,182

)

$

(8,387

)

 

 

$

(3,157

)

$

(6,353

)

Basic net loss per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(0.22

)

$

(0.04

)

 

N/A

 

 

 

 

N/A

 

 

N/A

 

Diluted net loss per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(0.22

)

$

(0.04

)

 

N/A

 

 

 

 

N/A

 

 

N/A

 

Weighted average shares outstanding—basic

 

 

28,500,328

 

 

28,723,204

 

 

N/A

 

 

 

 

N/A

 

 

N/A

 

Weighted average shares outstanding—diluted

 

 

28,500,328

 

 

28,723,204

 

 

N/A

 

 

 

 

N/A

 

 

N/A

 

 

                                                                                                                                                                                    

 

 

Predecessor

 

 

 

Quarter Ended
March 31

 

Quarter Ended
June 30

 

Quarter Ended
September 30

 

Quarter Ended
December 31

 

2013:(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

127,794

 

$

137,047

 

$

134,447

 

$

119,781

 

Less promotional allowances

 

 

(5,067

)

 

(5,670

)

 

(5,584

)

 

(4,957

)

​  

​  

​  

​  

​  

​  

​  

​  

Net revenues

 

 

122,727

 

 

131,377

 

 

128,863

 

 

114,824

 

Operating expenses

 

 

105,265

 

 

111,232

 

 

111,298

 

 

101,718

 

​  

​  

​  

​  

​  

​  

​  

​  

Operating income

 

 

17,544

 

 

20,156

 

 

14,681

 

 

11,494

 

Net (loss) income

 

$

(786

)

$

2,386

 

$

(3,629

)

$

(7,102

)

Basic net (loss) income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income

 

$

(0.03

)

$

0.08

 

$

(0.13

)

$

(0.25

)

Diluted net (loss) income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income

 

$

(0.03

)

$

0.08

 

$

(0.13

)

$

(0.25

)

Weighted average shares outstanding—basic

 

 

28,137,030

 

 

28,179,851

 

 

28,379,199

 

 

28,386,343

 

Weighted average shares outstanding—diluted

 

 

28,137,030

 

 

28,456,713

 

 

28,379,199

 

 

28,386,343

 


(1)

Certain reclassifications have been made to the Predecessor periods presented to conform to the financial presentation of the Successor period. The reclassifications had no impact on Net (loss) income as previously reported.