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Quarterly Results of Operations (Unaudited)
 12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results of Operations (Unaudited)
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, 2014 and 2013, in thousands of dollars, except per share amounts.

Quarters

First

Second

Third

Fourth
Revenue:











2014
$
274,854


$
299,356


$
309,391


$
339,911

2013
$
242,995


$
262,793


$
267,461


$
289,229

Cost of services sold:











2014
$
181,468


$
188,875


$
205,549


$
222,626

2013
$
164,932


$
175,693


$
176,913


$
187,431

Income (loss) from continuing operations:











2014
$
(7,213
)

$
19,555


$
(1,868
)

$
(6,381
)
2013
$
(41,181
)

$
10,630


$
(12,533
)

$
(90,118
)
Net income (loss) attributable to MDC Partners Inc.:











2014
$
(8,846
)

$
16,470


$
(4,922
)

$
(26,759
)
2013
$
(43,158
)

$
9,816


$
(21,200
)

$
(94,321
)
Income (loss) per common share:











Basic











Continuing operations:











2014
$
(0.17
)

$
0.36


$
(0.07
)

$
(0.17
)
2013
$
(0.90
)

$
0.19


$
(0.31
)

$
(1.95
)
Net income (loss):











2014
$
(0.18
)

$
0.33


$
(0.10
)

$
(0.54
)
2013
$
(0.92
)

$
0.20


$
(0.45
)

$
(2.00
)
Diluted











Continuing operations:











2014
$
(0.21
)

$
0.29


$
(0.13
)

$
(0.58
)
2013
$
(0.94
)

$
0.16


$
(0.49
)

$
(2.04
)
Net income (loss):











2014
$
(0.22
)

$
0.26


$
(0.16
)

$
(0.95
)
2013
$
(0.96
)

$
0.17


$
(0.63
)

$
(2.09
)

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 2014 includes a foreign exchange loss of $8,066.
•
The fourth quarter of 2013 includes stock based compensation charges of $63,715.
•
The fourth quarter of 2014 includes deferred acquisition adjustments of $1,751.
•
The fourth quarter of 2013 includes deferred acquisition adjustments of $30,514.