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Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data (Unaudited)
25. Selected Quarterly Financial Data (Unaudited)

In management’s opinion, the summarized quarterly financial data below (in thousands, except per share amounts) contains all appropriate adjustments, all of which are normally recurring adjustments, considered necessary to present fairly our consolidated financial position and results of operations for the respective periods.

 
March 31,
2018
 
June 30,
2018
 
September 30,
2018
 
December 31,
2018
Revenue
$
212,040

 
$
226,870

 
$
232,372

 
$
233,159

Gross profit(1)
62,577

 
63,924

 
68,661

 
66,094

Long-lived asset impairment
4,710

 
6,953

 
6,660

 
9,804

Restatement and other charges
485

 
(1,076
)
 
396

 
214

Debt extinguishment loss

 
2,450

 

 

Merger-related costs
4,125

 
5,686

 
182

 
169

Net income
2,069

 
4,149

 
9,974

 
12,968

Net income (loss) attributable to Archrock stockholders
(3,816
)
 
1,937

 
9,974

 
12,968

Net income (loss) from continuing operations attributable to Archrock common stockholders per common share: Basic and diluted
(0.06
)
 
0.02

 
0.08

 
0.10


 
March 31,
2017
 
June 30,
2017
 
September 30,
2017
(2)
 
December 31,
2017
Revenue from external customers
$
189,885

 
$
197,982

 
$
197,853

 
$
208,935

Gross profit(1)
42,417

 
49,946

 
39,741

 
52,545

Long-lived asset impairment
8,245

 
5,508

 
7,105

 
8,284

Restatement and other charges
801

 
1,920

 
566

 
1,083

Restructuring and other charges
457

 
366

 
422

 
141

Debt extinguishment loss
291

 

 

 

Merger-related costs

 

 

 
275

Net income (loss)
(14,013
)
 
(4,036
)
 
(12,683
)
 
49,142

Net income (loss) attributable to Archrock stockholders
(11,685
)
 
(6,687
)
 
(10,235
)
 
47,560

Net income (loss) from continuing operations attributable to Archrock common stockholders per common share: Basic and diluted
(0.17
)
 
(0.10
)
 
(0.15
)
 
0.67

——————
(1) 
Defined as revenue less cost of sales, direct depreciation and amortization and long-lived asset impairment charges.
(2) 
In the third quarter of 2017, we recorded $1.3 million of corporate relocation costs included in SG&A (see Note 16 (“Corporate Office Relocation”)).