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Selected Quarterly Financial Information (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Information

The following tables present selected quarterly financial information:

 

 

Year ended December 31, 2018

 

 

First

 

 

Second

 

 

Third (2)

 

 

Fourth (2)

 

(In thousands, except per share amounts)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

$

214,789

 

 

$

216,543

 

 

$

210,337

 

 

$

210,125

 

Income from operations

 

16,681

 

 

 

19,095

 

 

 

9,723

 

 

 

5,468

 

Net income (loss)

 

3,930

 

 

 

3,594

 

 

 

(3,124

)

 

 

(25,314

)

Basic income (loss) per share

$

0.14

 

 

$

0.13

 

 

$

(0.11

)

 

$

(0.90

)

Diluted income (loss) per share

$

0.13

 

 

$

0.12

 

 

$

(0.11

)

 

$

(0.90

)

 

 

Year ended December 31, 2017

 

 

First

 

 

Second

 

 

Third

 

 

Fourth (1)(2)

 

(In thousands, except per share amounts)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

$

105,883

 

 

$

109,885

 

 

$

107,660

 

 

$

183,710

 

Income from operations

 

5,318

 

 

 

2,578

 

 

 

2,389

 

 

 

5,006

 

Net income (loss)

 

5,342

 

 

 

1,713

 

 

 

8,555

 

 

 

(13,526

)

Basic income (loss) per share

$

0.24

 

 

$

0.08

 

 

$

0.38

 

 

$

(0.53

)

Diluted income (loss) per share (2)

$

0.23

 

 

$

0.07

 

 

$

0.36

 

 

$

(0.53

)

 

(1)

Results included the operating results of American from October 20, 2017, following the completion of the American Acquisition.

 

(2)

For the third and fourth quarters of 2018 and fourth quarter of 2017, the Company generated a net loss. Accordingly, the effect of all potential common share equivalents was anti-dilutive, and therefore all such shares were excluded from the computation of diluted weighted average shares outstanding and diluted loss per share for this period. The amount of potential common share equivalents was 1,870 and 1,028 for the third and fourth quarters of 2018, respectively. The amount of potential common share equivalents was 2,373 for the fourth quarter of 2017.