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Selected Quarterly Financial Information (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2018
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, 2018 |
|  | 1st |  | 2nd |  | 3rd |  | 4th |
|  | Quarter |  | Quarter |  | Quarter |  | Quarter |
Revenue |  | $ | 504,119 |  | $ | 648,787 |  | $ | 908,902 |  | $ | 877,670 |
Gross profit |  | $ | 44,560 |  | $ | 71,419 |  | $ | 106,505 |  | $ | 103,253 |
Net income |  | $ | 4,216 |  | $ | 14,191 |  | $ | 34,805 |  | $ | 34,381 |
Net income attributable to Primoris |  | $ | 688 |  | $ | 11,715 |  | $ | 32,691 |  | $ | 32,367 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |
Basic earnings per share |  | $ | 0.01 |  | $ | 0.23 |  | $ | 0.64 |  | $ | 0.63 |
Diluted earnings per share |  | $ | 0.01 |  | $ | 0.23 |  | $ | 0.63 |  | $ | 0.63 |
Weighted average shares outstanding |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 51,479 |  |  | 51,531 |  |  | 51,403 |  |  | 50,993 |
Diluted |  |  | 51,747 |  |  | 51,793 |  |  | 51,735 |  |  | 51,397 |
|  | Year Ended December 31, 2017 |
|  | 1st |  | 2nd |  | 3rd |  | 4th |
|  | Quarter |  | Quarter |  | Quarter |  | Quarter |
Revenue |  | $ | 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 |

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109225645&loc=d3e1280-108306 + Details
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