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Quarterly Financial Information
 12 Months Ended
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.