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Quarterly Financial Information
12 Months Ended
Apr. 30, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
21. QUARTERLY FINANCIAL INFORMATION (UNAUDITED) 

The following is a summary of certain items in the consolidated statements of operations by quarter for fiscal years 2014, 2013 and 2012. The impact of discontinued operations, as described in Note 17, is included in all periods in the table below.

 

Fiscal Year 2014    First
Quarter
    Second
Quarter
    Third
Quarter
    Fourth
Quarter
 

Revenues

   $ 128,558      $ 132,296      $ 117,852      $ 118,927   

Operating income (loss)

   $ 9,737      $ 9,450      $ (1,298   $ (5,973

Loss from continuing operations before discontinued operations

   $ (114   $ (530   $ (11,033   $ (15,633

Net loss attributable to common stockholders

   $ (191   $ (339   $ (10,750   $ (11,815

Loss per common share:

        

Basic and diluted:

        

Loss from continuing operations before discontinued operations

   $ (0.00   $ (0.01   $ (0.28   $ (0.39

Net loss attributable to common stockholders

   $ (0.00   $ (0.01   $ (0.27   $ (0.30

 

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

 

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

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 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.