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Quarterly Results of Operations (Unaudited) | 12 Months Ended
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Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Results of Operations (Unaudited) | ## 22. Quarterly Results of Operations (Unaudited) The following table sets forth a summary of the Company’s consolidated unaudited quarterly results of operations for the years ended December 31, 2013 and 2012, in thousands of dollars, except per share amounts.
|  | Quarters
|  | First |  | Second |  | Third |  | Fourth
Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2013 |  | $ | 265,636 |  |  | $ | 287,499 |  |  | $ | 288,670 |  |  | $ | 307,076 |
2012 |  | $ | 233,790 |  |  | $ | 271,425 |  |  | $ | 265,410 |  |  | $ | 292,640 |
Cost of services sold: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2013 |  | $ | 177,858 |  |  | $ | 189,677 |  |  | $ | 189,204 |  |  | $ | 197,755 |
2012 |  | $ | 174,628 |  |  | $ | 186,007 |  |  | $ | 178,828 |  |  | $ | 194,337 |
Income (loss) from continuing operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2013 |  | $ | (39,994 | ) |  | $ | 12,651 |  |  | $ | (11,901 | ) |  | $ | (91,774 | )
2012 |  | $ | (22,909 | ) |  | $ | (15,229 | ) |  | $ | (11,897 | ) |  | $ | (21,860 | )
Net income (loss) attributable to MDC Partners Inc.: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2013 |  | $ | (43,158 | ) |  | $ | 9,816 |  |  | $ | (21,200 | ) |  | $ | (94,321 | )
2012 |  | $ | (26,281 | ) |  | $ | (20,113 | ) |  | $ | (14,497 | ) |  | $ | (24,548 | )
Income (loss) per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2013 |  | $ | (0.87 | ) |  | $ | 0.24 |  |  | $ | (0.29 | ) |  | $ | (1.98 | )
2012 |  | $ | (0.55 | ) |  | $ | (0.38 | ) |  | $ | (0.28 | ) |  | $ | (0.50 | )
Net income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2013 |  | $ | (0.92 | ) |  | $ | 0.21 |  |  | $ | (0.45 | ) |  | $ | (2.00 | )
2012 |  | $ | (0.59 | ) |  | $ | (0.43 | ) |  | $ | (0.31 | ) |  | $ | (0.53 | )
Diluted |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2013 |  | $ | (0.87 | ) |  | $ | 0.22 |  |  | $ | (0.29 | ) |  | $ | (1.98 | )
2012 |  | $ | (0.55 | ) |  | $ | (0.38 | ) |  | $ | (0.28 | ) |  | $ | (0.50 | )
Net income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2013 |  | $ | (0.92 | ) |  | $ | 0.19 |  |  | $ | (0.45 | ) |  | $ | (2.00 | )
2012 |  | $ | (0.59 | ) |  | $ | (0.43 | ) |  | $ | (0.31 | ) |  | $ | (0.53 | )
The above revenue, cost of services sold, and income (loss) from continuing operations have primarily been affected by acquisitions, divestitures and discontinued operations. Historically, with some exceptions, the Company’s fourth quarter generates the highest quarterly revenues in a year. The fourth quarter has historically been the period in the year in which the highest volumes of media placements and retail related consumer marketing occur. Income (loss) from continuing operations and net loss have been affected as follows:
| • | The fourth quarter of 2013 includes stock based compensation charges of $63,715.
| • | The fourth quarter of 2012 includes stock based compensation charges of $5,827.
| • | The fourth quarter of 2013 includes deferred acquisition adjustments of $30,514.
| • | The fourth quarter of 2012 includes deferred acquisition adjustments of $32,901.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=25249566&loc=d3e1280-108306 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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