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Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2019
Quarterly Financial Data [Abstract] |
Quarterly Financial Data (Unaudited) | QUARTERLY FINANCIAL DATA (UNAUDITED) Summarized quarterly financial data for the years ended December 31, 2019 and 2018 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
2019 |  |  |  |  |  |  |
Total revenue | $ | 467,604 |  |  | $ | 446,014 |  |  | $ | 452,459 |  |  | $ | 498,362 |
Total cost of revenue | 211,805 |  |  | 201,709 |  |  | 201,480 |  |  | 231,098 |
Net revenue | 255,799 |  |  | 244,305 |  |  | 250,979 |  |  | 267,264 |
Total expenses and other income | 196,956 |  |  | 199,019 |  |  | 202,015 |  |  | 195,746 |
Net income | 42,655 |  |  | 33,048 |  |  | 34,761 |  |  | 54,154 |
Diluted earnings per share | 0.98 |  |  | 0.76 |  |  | 0.81 |  |  | 1.27 |
Diluted weighted-average shares | 43,658 |  |  | 43,256 |  |  | 43,167 |  |  | 42,760 |
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 |

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- References No definition available. + Details
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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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