Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Quarterly Financial Information

Summarized quarterly financial data for the fiscal years ended December 31, 2018 and 2017 are set forth in the table below (in thousands, except per share amounts). The Company’s operations are subject to seasonal fluctuations. The Company computed the quarterly diluted earnings 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
2018
Total revenue	$	449,800	$	419,972	$	429,878	$	481,208
Total cost of revenue	210,719		191,544		192,620		219,208
Net revenue	239,081		228,428		237,258		262,000
Total expenses and other income	183,302		186,157		193,175		198,824
Net income	41,635		30,171		33,325		48,075
Diluted earnings per share	0.90		0.67		0.76		1.09
Diluted weighted-average shares	46,479		45,043		44,116		43,936

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 earnings per share	0.67		0.32		0.59		1.43
Diluted weighted-average shares	48,402		48,289		47,668		47,212