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Quarterly Results of Operations (Unaudited)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results of Operations (Unaudited)
Quarterly Results of Operations (Unaudited)
The following table sets forth a summary of the Company’s consolidated unaudited quarterly results of operations for the years ended December 31, in thousands of dollars, except per share amounts.

Quarters

First
 
Second
 
Third
 
Fourth
Revenue:


 


 


 


2015
$
302,222

 
$
336,606

 
$
328,415

 
$
359,013

2014
$
274,854

 
$
299,356

 
$
309,391

 
$
339,911

Cost of services sold:


 


 


 


2015
$
210,419

 
$
225,042

 
$
212,925

 
$
231,330

2014
$
181,468

 
$
188,875

 
$
205,549

 
$
222,626

Income (loss) from continuing operations:


 


 


 


2015
$
(23,417
)
 
$
31,072

 
$
(5,166
)
 
$
(24,511
)
2014
$
(7,213
)
 
$
19,555

 
$
(1,868
)
 
$
(6,381
)
Net income (loss) attributable to MDC Partners Inc.:


 


 


 


2015
$
(32,091
)
 
$
29,560

 
$
(8,604
)
 
$
(26,222
)
2014
$
(8,846
)
 
$
16,470

 
$
(4,922
)
 
$
(26,759
)
Income (loss) per common share:
 
 
 
 
 
 
 
Basic
 
 
 
 
 
 
 
Continuing operations:
 
 
 
 
 
 
 
2015
$
(0.52
)
 
$
0.57

 
$
(0.15
)
 
$
(0.52
)
2014
$
(0.17
)
 
$
0.36

 
$
(0.07
)
 
$
(0.17
)
Net income (loss):


 


 


 


2015
$
(0.65
)
 
$
0.60

 
$
(0.17
)
 
$
(0.52
)
2014
$
(0.18
)
 
$
0.33

 
$
(0.10
)
 
$
(0.54
)
Diluted


 


 


 


Continuing operations:


 


 


 


2015
$
(0.52
)
 
$
0.56

 
$
(0.15
)
 
$
(0.52
)
2014
$
(0.17
)
 
$
0.35

 
$
(0.07
)
 
$
(0.17
)
Net income (loss):


 


 


 


2015
$
(0.65
)
 
$
0.59

 
$
(0.17
)
 
$
(0.52
)
2014
$
(0.18
)
 
$
0.32

 
$
(0.10
)
 
$
(0.54
)

The above revenue, cost of services sold, and income (loss) from continuing operations have primarily been affected by acquisitions, divestitures and discontinued operations.
Historically, with some exceptions, the Company’s fourth quarter generates the highest quarterly revenues in a year. The fourth quarter has historically been the period in the year in which the highest volumes of media placements and retail related consumer marketing occur.
Income (loss) from continuing operations and net loss have been affected as follows:
•
The fourth quarter of 2015 and 2014 included a foreign exchange loss of $9,531 and $8,066, respectively.
•
The fourth quarter of 2015 and 2014 included stock-based compensation charges of $4,771 and $5,463, respectively.
•
The fourth quarter of 2015 and 2014 included deferred acquisition adjustments of $41,910 and $1,751, respectively.