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Selected Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract] |
Selected Quarterly Financial Data (Unaudited) | (18) Selected Quarterly Financial Data (Unaudited) The following tables contain unaudited Statement of Operations information for each quarter of 2020 and 2019. During the third and fourth quarters of 2020, the Company recorded impairment losses on its digital assets of $44.2 million and $26.5 million, respectively. During the second quarter of 2019, the Company recorded a gain of $29.8 million and an associated discrete tax provision of $8.1 million related to the Domain Name Sale.
|  | Quarter Ended |  |  |  |  |
|  | March 31 |  |  | June 30 |  |  | September 30 |  |  | December 31 |  |  | Year |
|  | (in thousands, except per share data) |
2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 111,424 |  |  | $ | 110,584 |  |  | $ | 127,408 |  |  | $ | 131,319 |  |  | $ | 480,735 |
Gross profit |  | $ | 86,879 |  |  | $ | 86,595 |  |  | $ | 105,672 |  |  | $ | 110,534 |  |  | $ | 389,680 |
Net income (loss) |  | $ | 657 |  |  | $ | 3,387 |  |  | $ | (14,229 | ) |  | $ | 2,661 |  |  | $ | (7,524 | )
Earnings (loss) per share:(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.07 |  |  | $ | 0.35 |  |  | $ | (1.48 | ) |  | $ | 0.28 |  |  | $ | (0.78 | )
Diluted |  | $ | 0.07 |  |  | $ | 0.35 |  |  | $ | (1.48 | ) |  | $ | 0.27 |  |  | $ | (0.78 | )
|  | Quarter Ended |  |  |  |  |
|  | March 31 |  |  | June 30 |  |  | September 30 |  |  | December 31 |  |  | Year |
|  | (in thousands, except per share data) |
2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 115,366 |  |  | $ | 117,737 |  |  | $ | 119,693 |  |  | $ | 133,531 |  |  | $ | 486,327 |
Gross profit |  | $ | 89,193 |  |  | $ | 92,387 |  |  | $ | 95,878 |  |  | $ | 108,895 |  |  | $ | 386,353 |
Net (loss) income |  | $ | (7,906 | ) |  | $ | 20,394 |  |  | $ | 9,700 |  |  | $ | 12,167 |  |  | $ | 34,355 |
(Loss) earnings per share:(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (0.77 | ) |  | $ | 1.99 |  |  | $ | 0.95 |  |  | $ | 1.19 |  |  | $ | 3.35 |
Diluted |  | $ | (0.77 | ) |  | $ | 1.98 |  |  | $ | 0.94 |  |  | $ | 1.18 |  |  | $ | 3.33 |
(1) | The sum of the basic and diluted earnings (loss) per share for the four quarters may differ from annual earnings (loss) per share as the weighted average shares outstanding are computed independently for each of the quarters presented.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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