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Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Unaudited Quarterly Results of Operations

The following table summarizes the Company's unaudited quarterly results of operations (in thousands, except per share data):

 

 

2019

 

 

First Quarter

 

 

Second Quarter

 

 

Third Quarter

 

 

Fourth Quarter

 

Revenue, net

$

200,741

 

 

$

214,104

 

 

$

216,238

 

 

$

229,886

 

Total direct costs

 

145,703

 

 

 

150,312

 

 

 

152,070

 

 

 

167,187

 

Income from operations

 

25,895

 

 

 

35,259

 

 

 

29,991

 

 

 

36,118

 

Net income

 

19,198

 

 

 

27,455

 

 

 

23,977

 

 

 

29,813

 

Net income per share attributable to common shareholders - Basic

$

0.54

 

 

$

0.76

 

 

$

0.67

 

 

$

0.82

 

Net income per share attributable to common shareholders - Diluted

$

0.51

 

 

$

0.73

 

 

$

0.63

 

 

$

0.78

 

 

 

2018

 

 

First Quarter

 

 

Second Quarter

 

 

Third Quarter

 

 

Fourth Quarter

 

Revenue, net

$

163,077

 

 

$

170,144

 

 

$

179,253

 

 

$

192,115

 

Total direct costs

 

117,254

 

 

 

116,676

 

 

 

123,996

 

 

 

131,133

 

Income from operations

 

20,119

 

 

 

23,345

 

 

 

26,918

 

 

 

30,666

 

Net income

 

14,551

 

 

 

16,568

 

 

 

19,305

 

 

 

22,761

 

Net income per share attributable to common shareholders - Basic

$

0.41

 

 

$

0.46

 

 

$

0.54

 

 

$

0.64

 

Net income per share attributable to common shareholders - Diluted

$

0.40

 

 

$

0.45

 

 

$

0.52

 

 

$

0.61