v3.8.0.1

Unaudited Quarterly Financial Data (Tables) | 12 Months Ended
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Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract] |
Summary of Quarterly Financial Data | Summarized quarterly financial data:
|  | Three Months Ended
(In thousands) |  | December 31, 2017 |  | September 30, 2017 |  | June 30, 2017 |  | March 31, 2017
|  | (Successor) |  | (Successor) |  | (Successor) |  | (Successor)
Net revenue |  | $ | 196,221 |  |  | $ | 192,250 |  |  | $ | 203,178 |  |  | $ | 184,538 |
Operating income |  | 100,762 |  |  | 38,716 |  |  | 49,792 |  |  | 44,723 |
Net income |  | 189,574 |  |  | 16,130 |  |  | 28,207 |  |  | 24,199 |
Net income (loss) attributable to Class A shareholders/partners |  | 179,686 |  |  | 9,549 |  |  | 18,830 |  |  | 15,832 |
Earnings (loss) per Class A share: |  |  |  |  |  |  |  |
Basic |  | $ | 1.80 |  |  | .10 |  | .19 |  | .16
Diluted |  | $ | 1.74 |  |  | .09 |  | .18 |  | .15
As a result of Tax Reform, the Company remeasured its net deferred tax liabilities and recognized a $111.3 million non-cash tax benefit and also recognized a gain on the remeasurement of the tax receivable arrangement of $51.8 million during the three months ended December 31, 2017.
(In thousands) |  | From November 4, 2016 through December 31, 2016 |  |  | From October 1, 2016 through November 3, 2016 |  | Three Months Ended September 30, 2016 |  | Three Months Ended June 30, 2016 |  | Three Months Ended March 31, 2016
|  | (Successor) |  |  | (Predecessor) |  | (Predecessor) |  | (Predecessor) |  | (Predecessor)
Net revenue |  | $ | 111,998 |  |  |  | $ | 66,831 |  |  | $ | 196,197 |  |  | $ | 192,343 |  |  | $ | 160,217 |
Operating income |  | (9,607 | ) |  |  | (15,022 | ) |  | 51,667 |  |  | 48,600 |  |  | 37,640 |
Net income (loss) |  | (8,485 | ) |  |  | (21,084 | ) |  | 33,513 |  |  | 29,472 |  |  | 18,537 |
Income (Loss) per Class A share: |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (0.05 | ) |  |  |  |  |  |  |  |  |
Diluted |  | $ | (0.05 | ) |  |  |  |  |  |  |  |  |
The following table sets forth the high and low sales prices for shares of our Class A common stock and warrants for the quarterly periods indicated, as reported on NASDAQ:
| Class A Common Stock |  | Warrants
Year Ended December 31, 2017 | High |  | Low |  | High |  | Low
First Quarter | $ | 16.48 |  |  | $ | 12.75 |  |  | $ | 3.00 |  |  | $ | 1.73 |
Second Quarter | 17.18 |  |  | 14.93 |  |  | 3.57 |  |  | 2.43 |
Third Quarter | 16.55 |  |  | 13.00 |  |  | 3.04 |  |  | 1.69 |
Fourth Quarter | 15.40 |  |  | 11.00 |  |  | 2.49 |  |  | 1.23 |
Year Ended December 31, 2016 |  |  |  |  |  |  |
First Quarter | $ | 10.00 |  |  | $ | 9.50 |  |  | $ | 0.40 |  |  | $ | 0.21 |
Second Quarter | 9.80 |  |  | 9.50 |  |  | 0.36 |  |  | 0.16 |
Third Quarter | 11.16 |  |  | 9.72 |  |  | 1.38 |  |  | 0.25 |
Fourth Quarter | 13.50 |  |  | 10.67 |  |  | 1.98 |  |  | 1.13 |

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: 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=84173487&loc=d3e1280-108306 + Details
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