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Selected Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract] |
Selected Quarterly Financial Data (Unaudited) | NOTE 17. Selected Quarterly Financial Data (Unaudited) The following table sets forth the selected quarterly financial data for each of the quarters in 2018 (in thousands, except per share amounts):
| Quarter Ended |
| March 31, |  |  | June 30, |  |  | September 30, |  |  | December 31, |
| 2018 |  |  | 2018 |  |  | 2018 |  |  | 2018 |
Year Ended December 31, 2018: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue | $ | 837,342 |  |  | $ | 894,734 |  |  | $ | 933,224 |  |  | $ | 1,018,293 |
Gross margin |  | 91,039 |  |  |  | 100,991 |  |  |  | 114,984 |  |  |  | 138,587 |
Operating income |  | 16,535 |  |  |  | 25,406 |  |  |  | 34,734 |  |  |  | 48,244 |
Income from continuing operations before provision for income taxes |  | 14,393 |  |  |  | 23,051 |  |  |  | 32,914 |  |  |  | 46,367 |
Income from continuing operations |  | 11,069 |  |  |  | 17,154 |  |  |  | 25,764 |  |  |  | 33,674 |
Income from discontinued operations, net of income taxes |  | 5,099 |  |  |  | 4,897 |  |  |  | 88,846 |  |  |  | 15,237 |
Net income |  | 16,168 |  |  |  | 22,051 |  |  |  | 114,610 |  |  |  | 48,911 |
Earnings per share from continuing operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 0.33 |  |  | $ | 0.51 |  |  | $ | 0.77 |  |  | $ | 1.01 |
Diluted | $ | 0.33 |  |  | $ | 0.51 |  |  | $ | 0.77 |  |  | $ | 1.01 |
Earnings per share from discontinued operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 0.15 |  |  | $ | 0.15 |  |  | $ | 2.66 |  |  | $ | 0.45 |
Diluted | $ | 0.15 |  |  | $ | 0.15 |  |  | $ | 2.64 |  |  | $ | 0.45 |
Earnings per share from net income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 0.48 |  |  | $ | 0.66 |  |  | $ | 3.43 |  |  | $ | 1.46 |
Diluted | $ | 0.48 |  |  | $ | 0.66 |  |  | $ | 3.41 |  |  | $ | 1.46 |
The following table sets forth the selected quarterly financial data for each of the quarters in 2017 (in thousands, except per share amounts):
| Quarter Ended |
| March 31, |  |  | June 30, |  |  | September 30, |  |  | December 31, |
| 2017 |  |  | 2017 |  |  | 2017 |  |  | 2017 |
Year Ended December 31, 2017: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue | $ | 680,443 |  |  | $ | 708,572 |  |  | $ | 824,809 |  |  | $ | 909,239 |
Gross margin |  | 71,791 |  |  |  | 72,906 |  |  |  | 86,327 |  |  |  | 106,606 |
Operating income |  | 11,313 |  |  |  | 10,465 |  |  |  | 15,824 |  |  |  | 35,067 |
Income from continuing operations before provision for income taxes |  | 10,511 |  |  |  | 9,605 |  |  |  | 13,877 |  |  |  | 32,938 |
Income from continuing operations |  | 6,543 |  |  |  | 5,724 |  |  |  | 11,665 |  |  |  | 96,082 |
Income from discontinued operations, net of income taxes |  | 3,791 |  |  |  | 3,818 |  |  |  | 3,669 |  |  |  | 3,861 |
Net income |  | 10,334 |  |  |  | 9,542 |  |  |  | 15,334 |  |  |  | 99,943 |
Earnings per share from continuing operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 0.20 |  |  | $ | 0.17 |  |  | $ | 0.35 |  |  | $ | 2.89 |
Diluted | $ | 0.20 |  |  | $ | 0.17 |  |  | $ | 0.35 |  |  | $ | 2.87 |
Earnings per share from discontinued operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 0.11 |  |  | $ | 0.12 |  |  | $ | 0.11 |  |  | $ | 0.12 |
Diluted | $ | 0.11 |  |  | $ | 0.12 |  |  | $ | 0.11 |  |  | $ | 0.12 |
Earnings per share from net income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 0.31 |  |  | $ | 0.29 |  |  | $ | 0.46 |  |  | $ | 3.01 |
Diluted | $ | 0.31 |  |  | $ | 0.29 |  |  | $ | 0.46 |  |  | $ | 2.99 |
On August 31, 2018, Hub entered into the Purchase Agreement with Mode, pursuant to which the Company sold all of the issued and outstanding membership interest of Mode to Purchaser. In 2018, we adjusted our consolidated financial statements to reflect Mode as a discontinued operation for that year and all prior periods presented. The selected financial data for 2018 and prior years reflect Mode as a discontinued operation. Refer to the Note 4 Discontinued Operations for additional information regarding the sale of Mode.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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