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Summarized Quarterly Data (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Financial Information | The following table summarizes the quarterly results of operations for the years ended December 31, 2019 and 2018:
| Fiscal Quarter
(in millions, except per share data) | First |  | Second |  | Third |  | Fourth (1)
2019 |  |  |  |  |  |  |
Revenues | $ | 1,282.6 |  |  | $ | 1,323.1 |  |  | $ | 1,354.5 |  |  | $ | 1,341.2 |
Operating income | $ | 182.4 |  |  | $ | 198.4 |  |  | $ | 179.8 |  |  | $ | 11.3 |
Net income (loss) | $ | 41.0 |  |  | $ | 51.3 |  |  | $ | 43.7 |  |  | $ | (92.9 | )
Earnings (loss) per common share: |  |  |  |  |  |  |
Basic earnings (loss) per common share | $ | 0.35 |  |  | $ | 0.44 |  |  | $ | 0.38 |  |  | $ | (0.80 | )
Diluted earnings (loss) per common share | $ | 0.35 |  |  | $ | 0.44 |  |  | $ | 0.38 |  |  | $ | (0.80 | )
| Fiscal Quarter
(in millions, except per share data) | First |  | Second (2) |  | Third |  | Fourth (3)
2018 |  |  |  |  |  |  |
Revenues | $ | 816.1 |  |  | $ | 826.9 |  |  | $ | 789.7 |  |  | $ | 1,155.3 |
Operating income | $ | 172.1 |  |  | $ | 181.8 |  |  | $ | 155.8 |  |  | $ | 124.4 |
Net income (loss) | $ | 45.4 |  |  | $ | 54.0 |  |  | $ | 36.1 |  |  | $ | (42.0 | )
Earnings (loss) per common share: |  |  |  |  |  |  |
Basic earnings (loss) per common share | $ | 0.50 |  |  | $ | 0.59 |  |  | $ | 0.39 |  |  | $ | (0.37 | )
Diluted earnings (loss) per common share | $ | 0.48 |  |  | $ | 0.57 |  |  | $ | 0.38 |  |  | $ | (0.37 | )
(1) | During the fourth quarter of 2019, we recorded $170.6 million of impairment on our goodwill and other intangible assets. See Note 8, “Goodwill and Other Intangible Assets,” for further details.
(2) | During the second quarter of 2018, the Company recorded a recovery of loan losses and unfunded loan commitments of $17.0 million relating to the JIVDC. See Note 5, “Acquisitions and Other Investments,” for further details.
(3) During the fourth quarter of 2018, we acquired Pinnacle, which resulted in the incurrence of $74.7 million in pre-opening and acquisition costs. See Note 5, “Acquisitions and Other Investments,” for further details. In addition, we recorded a $34.3 million impairment of long-lived assets. See Note 7, “Property and Equipment,” for further details. Lastly, we recorded a $17.2 million loss on early extinguishment of debt. See Note 10, “Long-term Debt,” for more details

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=118952077&loc=d3e1280-108306 + Details
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