v2.4.1.9
Selected Quarterly Results
 12 Months Ended
Dec. 31, 2012
SELECTED QUARTERLY RESULTS (Unaudited) [Abstract]  
Quarterly Financial Information [Text Block]
SELECTED QUARTERLY RESULTS (UNAUDITED)
The table below presents quarterly data for the years ended December 31, 2014 and 2013:
 
First
 
Second
 
Third
 
Fourth
 
(In thousands, except per share amounts, unaudited)
2014
 

 
 

 
 

 
 

Revenues (a)
$
57,844

 
$
194,234

 
$
77,622

 
$
86,121

Net income applicable to InterDigital, Inc.'s common shareholders
$
(1,861
)
 
$
78,901

 
$
13,512

 
$
13,790

Net income per common share — basic
$
(0.05
)
 
$
1.95

 
$
0.34

 
$
0.37

Net income per common share — diluted
$
(0.05
)
 
$
1.93

 
$
0.34

 
$
0.36

2013
 

 
 

 
 

 
 

Revenues (b)
$
47,363

 
$
67,692

 
$
110,623

 
$
99,683

Net income applicable to InterDigital, Inc.'s common shareholders (c)
$
(12,269
)
 
$
9,238

 
$
26,660

 
$
14,536

Net income per common share — basic
$
(0.30
)
 
$
0.22

 
$
0.65

 
$
0.35

Net income per common share — diluted
$
(0.30
)
 
$
0.22

 
$
0.64

 
$
0.35


                             
(a) In second quarter 2014, we recognized $119.9 million of past patent royalties primarily due to new patent license agreements.
(b) In second quarter 2013, we recognized $23.5 million of past patent royalties as a result of an arbitration award. In third quarter 2013, we recognized $51.6 million of revenue that had been deferred pending the resolution of an arbitration relating to one of our technology solutions agreements. In fourth quarter 2013, we recognized $36.4 million of past patent royalties primarily as a result of an arbitration award.
(c) In first quarter 2013, we incurred a repositioning charge of $1.5 million related to our remaining VERP participants. In first quarter 2013 and fourth quarter 2013, we recorded charges of $6.7 million and $15.0 million, respectively, related to impairments on our investment in other entities.