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Quarterly Financial Information | 12 Months Ended
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Apr. 30, 2013
Quarterly Financial Information |
22. | QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
The following is a summary of certain items in the consolidated statements of operations by quarter for fiscal years ended April 30, 2013, 2012 and 2011. The impact of the discontinued operations described in Note 18 is included in all periods in the table below.
Fiscal Year 2013 |  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |
Revenues |  | $ | 117,638 |  |  | $ | 116,836 |  |  | $ | 112,167 |  |  | $ | 108,694 |
Operating income |  | $ | 5,807 |  |  | $ | 4,426 |  |  | $ | 78 |  |  | $ | 2,110 |
Loss from continuing operations before discontinued operations |  | $ | (8,163) |  |  | $ | (20,857) |  |  | $ | (11,146) |  |  | $ | (9,817) |
Net loss attributable to common stockholders |  | $ | (8,371) |  |  | $ | (20,967) |  |  | $ | (11,407) |  |  | $ | (13,397) |
Loss per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic and diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loss from continuing operations before discontinued operations |  | $ | (0.30) |  |  | $ | (0.68) |  |  | $ | (0.28) |  |  | $ | (0.25) |
Net loss attributable to common stockholders |  | $ | (0.31) |  |  | $ | (0.68) |  |  | $ | (0.29) |  |  | $ | (0.34) |
Diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loss from continuing operations before discontinued operations |  | $ | (0.30) |  |  | $ | (0.68) |  |  | $ | (0.28) |  |  | $ | (0.25) |
Net loss attributable to common stockholders |  | $ | (0.31) |  |  | $ | (0.68) |  |  | $ | (0.29) |  |  | $ | (0.34) |
Fiscal Year 2012 |  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |
Revenues |  | $ | 124,066 |  |  | $ | 125,989 |  |  | $ | 111,520 |  |  | $ | 106,375 |
Operating income (loss) |  | $ | 10,468 |  |  | $ | 11,730 |  |  | $ | 4,448 |  |  | $ | (37,679) |
Loss from continuing operations before discontinued operations |  | $ | (3,502) |  |  | $ | (693) |  |  | $ | (24,517) |  |  | $ | (48,991) |
Net loss attributable to common stockholders |  | $ | (3,062) |  |  | $ | (765) |  |  | $ | (24,635) |  |  | $ | (49,124) |
Loss per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loss from continuing operations before discontinued operations |  | $ | (0.13) |  |  | $ | (0.03) |  |  | $ | (0.91) |  |  | $ | (1.82) |
Net loss attributable to common stockholders |  | $ | (0.12) |  |  | $ | (0.03) |  |  | $ | (0.92) |  |  | $ | (1.83) |
Diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loss from continuing operations before discontinued operations |  | $ | (0.13) |  |  | $ | (0.03) |  |  | $ | (0.91) |  |  | $ | (1.82) |
Net loss attributable to common stockholders |  | $ | (0.12) |  |  | $ | (0.03) |  |  | $ | (0.92) |  |  | $ | (1.83) |
Fiscal Year 2011 |  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |
Revenues |  | $ | 119,143 |  |  | $ | 119,694 |  |  | $ | 109,076 |  |  | $ | 106,772 |
Operating income (loss) |  | $ | 12,918 |  |  | $ | 12,263 |  |  | $ | 6,571 |  |  | $ | (2,324) |
(Loss) income from continuing operations before discontinued operations |  | $ | (1,587) |  |  | $ | 258 |  |  | $ | (6,003) |  |  | $ | 4,368 |
Net (loss) income attributable to common stockholders |  | $ | (2,902) |  |  | $ | (1,154) |  |  | $ | (6,365) |  |  | $ | 48,849 |
Loss per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic and diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Loss) income from continuing operations before discontinued operations |  | $ | (0.06) |  |  | $ | 0.01 |  |  | $ | (0.23) |  |  | $ | 0.17 |
Net (loss) income attributable to common stockholders |  | $ | (0.11) |  |  | $ | (0.04) |  |  | $ | (0.24) |  |  | $ | 1.85 |
Diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Loss) income from continuing operations before discontinued operations |  | $ | (0.07) |  |  | $ | 0.01 |  |  | $ | (0.24) |  |  | $ | 0.17 |
Net (loss) income attributable to common stockholders |  | $ | (0.11) |  |  | $ | (0.04) |  |  | $ | (0.24) |  |  | $ | 1.85 |
Our transfer and disposal revenues historically have been lower during the months of November through March. This seasonality reflects the lower volume of waste during the late fall, winter and early spring months. Since certain of our operating and fixed costs remain constant throughout the fiscal year, operating income is impacted by a similar seasonality. In addition, particularly harsh weather conditions typically result in increased operating costs. Our recycling business experiences increased volumes of newspaper in November and December due to increased newspaper advertising and retail activity during the holiday season. GreenFiber experiences lower sales from April through July due to lower retail activity.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=20225539&loc=d3e1280-108306 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 30 -Subparagraph a-j -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 23, 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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