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Selected Quarterly Financial Information (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2017
Selected Quarterly Financial Information (Unaudited) |
Schedule of selected unaudited quarterly consolidated financial information | Selected unaudited quarterly consolidated financial information is presented in the following tables (in thousands, except per share amounts):
|  | Year Ended December 31, 2017 |
|  | 1st |  | 2nd |  | 3rd |  | 4th |
|  | Quarter |  | Quarter |  | Quarter |  | Quarter |
Revenues |  | $ | 561,502 |  | $ | 631,165 |  | $ | 608,311 |  | $ | 579,017 |
Gross profit |  |  | 55,053 |  |  | 84,483 |  |  | 70,421 |  |  | 68,477 |
Net income |  |  | 8,512 |  |  | 22,396 |  |  | 22,134 |  |  | 23,808 |
Net income attributable to Primoris |  |  | 7,691 |  |  | 21,545 |  |  | 20,597 |  |  | 22,521 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |
Basic earnings per share |  | $ | 0.15 |  | $ | 0.42 |  | $ | 0.40 |  | $ | 0.44 |
Diluted earnings per share |  | $ | 0.15 |  | $ | 0.42 |  | $ | 0.40 |  | $ | 0.44 |
Weighted average shares outstanding |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 51,594 |  |  | 51,437 |  |  | 51,441 |  |  | 51,449 |
Diluted |  |  | 51,851 |  |  | 51,688 |  |  | 51,707 |  |  | 51,711 |
|  | Year Ended December 31, 2016 |
|  | 1st |  | 2nd |  | 3rd |  | 4th |
|  | Quarter |  | Quarter |  | Quarter |  | Quarter |
Revenues |  | $ | 430,446 |  | $ | 456,811 |  | $ | 507,828 |  | $ | 601,863 |
Gross profit |  |  | 39,277 |  |  | 43,285 |  |  | 50,129 |  |  | 68,616 |
Impairment of goodwill |  |  | — |  |  | — |  |  | 2,716 |  |  | — |
Net income |  |  | 2,916 |  |  | 5,287 |  |  | 4,756 |  |  | 14,766 |
Net income attributable to Primoris |  |  | 2,693 |  |  | 5,056 |  |  | 4,504 |  |  | 14,470 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |
Basic earnings per share |  | $ | 0.05 |  | $ | 0.10 |  | $ | 0.09 |  | $ | 0.28 |
Diluted earnings per share |  | $ | 0.05 |  | $ | 0.10 |  | $ | 0.09 |  | $ | 0.28 |
Weighted average shares outstanding |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 51,725 |  |  | 51,772 |  |  | 51,780 |  |  | 51,771 |
Diluted |  |  | 51,881 |  |  | 52,022 |  |  | 52,034 |  |  | 52,021 |

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=84173487&loc=d3e1280-108306 + Details
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