XML 81 R23.htm IDEA: XBRL DOCUMENT v3.20.1
Selected Quarterly Financial Information (Unaudited)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Information (Unaudited)

Note 17 – Selected Quarterly Financial Information (Unaudited):

The following tables present selected quarterly financial information:

 

 

Year ended December 31, 2019

 

 

First (1)

 

 

Second

 

 

Third (2)

 

 

Fourth (2)

 

(In thousands, except per share amounts)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

$

239,892

 

 

$

248,070

 

 

$

243,314

 

 

$

242,134

 

Income from operations

 

11,714

 

 

 

14,022

 

 

 

9,881

 

 

 

10,500

 

Net loss

 

(8,018

)

 

 

(14,408

)

 

 

(9,447

)

 

 

(7,672

)

Basic loss per share

$

(0.29

)

 

$

(0.52

)

 

$

(0.34

)

 

$

(0.28

)

Diluted loss per share

$

(0.29

)

 

$

(0.52

)

 

$

(0.34

)

 

$

(0.28

)

 

 

Year ended December 31, 2018

 

 

First

 

 

Second

 

 

Third

 

 

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 (2)

$

0.13

 

 

$

0.12

 

 

$

(0.11

)

 

$

(0.90

)

 

(1)

Results included the operating results of the Laughlin Entities from January 14, 2019, following the completion of the Laughlin Acquisition.

 

(2)

For all four quarters of 2019 and the third and fourth quarters of 2018, 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 number of potential common share equivalents was 1,048, 740, 730 and 1,168 for the first, second, third and fourth quarters of 2019, respectively. The number of potential common share equivalents was 1,870 and 1,028 for the third and fourth quarters of 2018, respectively.

Because net income (loss) per share amounts are calculated using the weighted-average number of common equivalent shares outstanding during each quarter, the sum of the per share amounts for the four quarters in the tables above may not equal the total net income (loss) per share amounts for the year.