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Unaudited Quarterly Consolidated Financial Information | 12 Months Ended
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Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract] |
Unaudited Quarterly Consolidated Financial Information | UNAUDITED QUARTERLY CONSOLIDATED FINANCIAL INFORMATION
| For the Quarter Ended
| March 31, 2017 |  | June 30, 2017 |  | September 30, 2017 |  | December 31, 2017
| (in thousands, except per share data)
Revenues | $ | 267,907 |  |  | $ | 313,221 |  |  | $ | 243,273 |  |  | $ | 199,112 |
Gross profit | 133,584 |  |  | 169,807 |  |  | 123,463 |  |  | 90,367 |
Income (loss) from operations | 15,582 |  |  | 29,446 |  |  | 2,685 |  |  | (30,377 | )
Net income (loss) | 11,010 |  |  | 21,960 |  |  | 1,629 |  |  | (24,361 | )
Net income (loss) attributable to common shareholders | 7,155 |  |  | 18,086 |  |  | (2,263 | ) |  | (28,272 | )
Basic income (loss) per common share | $ | 0.08 |  |  | $ | 0.21 |  |  | $ | (0.03 | ) |  | $ | (0.41 | )
Diluted income (loss) per common share | $ | 0.08 |  |  | $ | 0.20 |  |  | $ | (0.03 | ) |  | $ | (0.41 | )
| For the Quarter Ended
| March 31, 2016 |  | June 30, 2016 |  | September 30, 2016 |  | December 31, 2016
| (in thousands, except per share data)
Revenues | $ | 279,140 |  |  | $ | 323,828 |  |  | $ | 245,888 |  |  | $ | 187,417 |
Gross profit | 129,366 |  |  | 169,640 |  |  | 122,434 |  |  | 78,724 |
Income (loss) from operations | 14,243 |  |  | 20,605 |  |  | (1,215 | ) |  | (39,787 | )
Net income (loss) | 10,146 |  |  | 15,537 |  |  | (1,533 | ) |  | (40,644 | )
Net income (loss) attributable to common shareholders | 6,361 |  |  | 11,735 |  |  | (5,352 | ) |  | (44,482 | )
Basic income (loss) per common share | $ | 0.07 |  |  | $ | 0.13 |  |  | $ | (0.07 | ) |  | $ | (0.60 | )
Diluted income (loss) per common share | $ | 0.07 |  |  | $ | 0.13 |  |  | $ | (0.07 | ) |  | $ | (0.60 | )
During the three months ended December 31, 2017, we identified the following factors affecting the comparability of information between periods:
• | Due to the seasonal nature of our products, we experience decreased revenues in the fourth quarter of the year relative to the other quarters.
• | Income from operations for the quarter ended December 31, 2017 improved by $9.4 million compared to the fourth quarter of 2016, primarily driven by higher revenues, partially offset by additional charges of $6.3 million related to a noncash write-off and contract termination fee for a discontinued project.
During the three months ended December 31, 2016 we identified the following factors affecting the comparability of information between periods:
• | Due to the seasonal nature of our products, we experience decreased revenues in the fourth quarter relative to the other quarters. For the quarter ended December 31, 2016 revenue decreased 10.2% as compared to the same quarter of the prior year which was primarily driven by a decrease in sales in the Wholesale and Retail segments.
• | Income from operations for the quarter ended June 30, 2016 was negatively impacted by an increase of $18.3 million in marketing expense related to the Spring/Summer line advertising campaigns. ‘Selling, general and administrative’ expenses, otherwise, remained relatively constant across the quarters, with some fluctuation between periods in relation to contingent rent expense that is driven by sales.

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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