XML 39 R24.htm IDEA: XBRL DOCUMENT v3.10.0.1
SELECTED QUARTERLY INFORMATION - UNAUDITED
12 Months Ended
Dec. 31, 2018
Selected Quarterly Financial Information [Abstract]  
SELECTED QUARTERLY INFORMATION - UNAUDITED
SELECTED QUARTERLY INFORMATION - UNAUDITED
(In thousands, except per share data)
 
 
 
 
 
 
Quarter
Total revenue, net
 
Gross margin
 
Net income
 
Per Share - Basic (1)
 
Per Share - Diluted (1)
2018
 
 
 
 
 
 
 
 
 
First
357,082

 
212,860

 
10,992

 
$
0.14

 
$
0.14

Second
366,190

 
228,625

 
11,376

 
0.14

 
0.14

Third
365,854

 
222,609

 
13,295

 
0.16

 
0.15

Fourth
383,315

 
236,851

 
25,138

 
0.29

 
0.29

 
1,472,441

 
900,945

 
60,801

 
 
 
 
2017
 
 
 
 
 
 
 
 
 
First
$
258,636

 
$
172,051

 
$
6,394

 
$
0.09

 
$
0.08

Second
282,164

 
183,166

 
10,835

 
0.14

 
0.14

Third
278,834

 
177,077

 
3,159

 
0.04

 
0.04

Fourth (2)
368,602

 
220,431

 
44,355

 
0.57

 
0.56

 
$
1,188,236

 
$
752,725

 
$
64,743

 
 
 
 

(1) Per common share amounts for the quarters and full years have been calculated separately. Accordingly, quarterly amounts do not necessarily add to the annual amount because of differences in the weighted average common shares outstanding during each period principally due to the effect of the Company’s issuing shares of its common stock during the year.
(2) The net income for the fourth quarter of 2017 includes benefit from income taxes of $43.4 million related to the re-measurement of our deferred taxes resulting from a reduction of the federal statutory rate from 35% to 21% from the 2017 Tax Act (see Note 12, Income Taxes).