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Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2017
Quarterly Financial Data [Abstract] |
Quarterly Financial Data (Unaudited) | QUARTERLY FINANCIAL DATA (UNAUDITED) Summarized quarterly financial data for the fiscal years ended December 31, 2017 and 2016, are set forth in the table below (in thousands, except per share amounts). The Company’s operations are subject to seasonal fluctuations. The Company issued 20,181,000 shares of common stock on September 1, 2016 as a result of the Merger, which significantly increased the diluted weighted average shares used in computing diluted income (loss) per share. The Company computed the quarterly diluted income per share amounts as if each quarter was a discrete period based on that quarter’s weighted average shares outstanding. As a result, the sum of the diluted earnings per share by quarter will not necessarily total the annual diluted earnings per share.
| Quarter Ended
| March 31 |  | June 30 |  | September 30 |  | December 31
2017 |  |  |  |  |  |  |
Total revenue | $ | 447,576 |  |  | $ | 416,629 |  |  | $ | 435,412 |  |  | $ | 480,205 |
Total cost of revenue | 204,676 |  |  | 192,205 |  |  | 204,366 |  |  | 231,069 |
Net revenue | 242,900 |  |  | 224,424 |  |  | 231,046 |  |  | 249,136 |
Total expenses and other income | 190,658 |  |  | 202,956 |  |  | 189,479 |  |  | 192,101 |
Net income | 32,645 |  |  | 15,239 |  |  | 28,274 |  |  | 67,734 |
Diluted net income per share | 0.67 |  |  | 0.32 |  |  | 0.59 |  |  | 1.43 |
Diluted weighted average shares | 48,402 |  |  | 48,289 |  |  | 47,668 |  |  | 47,212 |
2016 |  |  |  |  |  |  |
Total revenue | $ | 183,203 |  |  | $ | 181,979 |  |  | $ | 261,153 |  |  | $ | 462,042 |
Total cost of revenue | 81,340 |  |  | 80,518 |  |  | 113,789 |  |  | 207,927 |
Net revenue | 101,863 |  |  | 101,461 |  |  | 147,364 |  |  | 254,115 |
Total expenses and other income | 82,202 |  |  | 84,215 |  |  | 146,941 |  |  | 197,998 |
Net income (loss) | 13,174 |  |  | 11,673 |  |  | (1,412 | ) |  | 36,692 |
Diluted net income (loss) per share | 0.47 |  |  | 0.41 |  |  | (0.04 | ) |  | 0.76 |
Diluted weighted average shares | 28,241 |  |  | 28,243 |  |  | 34,631 |  |  | 48,532 |

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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