| Quarterly Financial Data (Unaudited) |
Note 15 - Unaudited Quarterly Information
Summarized quarterly financial data for 2016 and 2015 is as follows (dollars in thousands):
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2016 Quarter
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First
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Second
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Third
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Fourth
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Total revenues
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$
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124,090
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$
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188,096
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$
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205,427
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$
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261,692
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Total expenses
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123,231
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180,800
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193,492
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244,196
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Income before income taxes
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859
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7,296
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11,935
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17,496
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Less: income tax expense (benefit)
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68
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(110,065)
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38
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438
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Net income attributable to AV Homes
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$
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791
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$
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117,361
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$
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11,897
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$
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17,058
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Earnings per share: (1)
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Basic
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$
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0.04
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$
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5.24
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$
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0.53
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$
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0.77
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Diluted
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$
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0.04
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$
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4.45
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$
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0.49
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$
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0.68
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2015 Quarter
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First
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Second
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Third
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Fourth
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Total revenues
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$
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58,830
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$
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79,389
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$
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153,827
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$
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225,720
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Total expenses
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63,838
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83,855
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148,307
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209,380
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Income (loss) before income taxes
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(5,008)
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(4,466)
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5,520
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16,340
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Less: income tax expense
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—
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—
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—
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436
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Net income (loss) attributable to AV Homes
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$
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(5,008)
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$
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(4,466)
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$
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5,520
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$
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15,904
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Earnings (loss) per share: (1)
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Basic
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$
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(0.23)
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$
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(0.20)
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$
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0.25
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$
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0.72
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Diluted
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$
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(0.23)
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$
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(0.20)
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$
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0.25
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$
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0.65
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(1)
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Quarterly and year-to-date computations of per share amounts are made independently. Therefore, the sum of per share amounts for the quarters may not be consistent with the per share amounts for the year. |
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