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Selected Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2020
Selected Quarterly Financial Data (Unaudited) |
16. | Selected Quarterly Financial Data (Unaudited)
The following table sets forth certain unaudited quarterly results of operations for 2020 and 2019. In the opinion of management, this information has been prepared on the same basis as the audited consolidated financial statements and all necessary adjustments, consisting only of normal recurring adjustments, have been included in the amounts stated below to present fairly the quarterly information when read in conjunction with the audited consolidated financial statements and notes thereto included elsewhere in this Form 10-K. The quarterly operating results are not necessarily indicative of future results of operations.
|  | For the Years Ended December 31, 2020 |
|  | Q1 |  |  | Q2 |  |  | Q3 |  |  | Q4 |
|  | (Amounts in thousands, except per share data) |
Revenue |  | $ | 76,090 |  |  | $ | 87,462 |  |  | $ | 94,060 |  |  | $ | 108,648 |
Gross profit |  |  | 44,108 |  |  |  | 50,599 |  |  |  | 54,434 |  |  |  | 60,485 |
Operating expenses |  |  | 64,184 |  |  |  | 67,925 |  |  |  | 73,099 |  |  |  | 91,229 |
Net income |  |  | 9,815 |  |  |  | 15,861 |  |  |  | 14,552 |  |  |  | 19,698 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.19 |  |  | $ | 0.30 |  |  | $ | 0.28 |  |  | $ | 0.37 |
Diluted |  | $ | 0.18 |  |  | $ | 0.30 |  |  | $ | 0.27 |  |  | $ | 0.36 |
|  | For the Years Ended December 31, 2019 |
|  | Q1 |  |  | Q2 |  |  | Q3 |  |  | Q4 |
|  | (Amounts in thousands, except per share data) |
Revenue |  | $ | 60,634 |  |  | $ | 70,692 |  |  | $ | 69,445 |  |  | $ | 69,474 |
Gross profit |  |  | 33,789 |  |  |  | 39,984 |  |  |  | 38,020 |  |  |  | 39,353 |
Operating expenses |  |  | 49,463 |  |  |  | 59,638 |  |  |  | 61,481 |  |  |  | 63,580 |
Net income |  |  | 8,053 |  |  |  | 8,095 |  |  |  | 1,659 |  |  |  | 3,604 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.18 |  |  | $ | 0.17 |  |  | $ | 0.03 |  |  | $ | 0.07 |
Diluted |  | $ | 0.17 |  |  | $ | 0.17 |  |  | $ | 0.03 |  |  | $ | 0.07 |

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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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Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration