Quarterly Financial Data

12 Months Ended

Dec. 31, 2020

Quarterly Financial Data (Unaudited) [Abstract]

Quarterly Financial Information [Text Block]

Quarterly Financial Data (Unaudited)

Quarterly financial data for 2020 and 2019 is as follows:

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
	(In thousands, except per share amounts)
2020
Revenue	$	802,965	$	820,035	$	918,241	$	970,268
Costs of revenue	$	(623,921)	$	(601,268)	$	(654,585)	$	(654,908)
Gross profit	$	179,044	$	218,767	$	263,656	$	315,360
Operating income	$	151,776	$	182,335	$	223,213	$	285,446
Income before income taxes(1)	$	106,039	$	141,723	$	164,843	$	249,455
Provision for income taxes	$	(24,038)	$	(36,170)	$	(37,351)	$	(48,364)
Net income	$	82,001	$	105,553	$	127,492	$	201,091
Net loss (income) attributable to noncontrolling interests	$	(60)	$	(45)	$	(77)	$	(48)
Net income attributable to common stockholders	$	81,941	$	105,508	$	127,415	$	201,043
Net income attributable to common stockholders per share(2):
Basic — EPS	$	0.45	$	0.59	$	0.72	$	1.17
Diluted — EPS	$	0.45	$	0.59	$	0.72	$	1.15
2019
Revenue	$	798,212	$	812,572	$	769,241	$	850,760
Costs of revenue	$	(606,378)	$	(621,426)	$	(609,509)	$	(632,892)
Gross profit	$	191,834	$	191,146	$	159,732	$	217,868
Operating income	$	146,978	$	150,105	$	128,585	$	240,945
Income before income taxes(1)	$	100,308	$	96,083	$	72,869	$	195,172
(Provision for) benefit from income taxes	$	(21,095)	$	(23,570)	$	(1,997)	$	(47,999)
Net income	$	79,213	$	72,513	$	70,872	$	147,173
Net income attributable to noncontrolling interests	$	110	$	(184)	$	(80)	$	(21)
Net income attributable to common stockholders	$	79,323	$	72,329	$	70,792	$	147,152
Net income attributable to common stockholders per share(2):
Basic — EPS	$	0.44	$	0.40	$	0.39	$	0.81
Diluted — EPS	$	0.43	$	0.39	$	0.38	$	0.79

(1)Includes Gains (losses) on divestitures and impairment charges, net, as described in Note 16.

(2)Net income per share is computed independently for each of the quarters presented. Therefore, the sum of the quarters’ net income per share may not equal the total computed for the year.