| Summarized quarterly financial data |
Summarized quarterly financial data for 2017 and 2016 is as follows (dollars in thousands):
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2017 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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155,548
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$
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201,194
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$
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205,739
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$
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280,772
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Total expenses
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151,380
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199,725
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208,088
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265,728
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Income (loss) before income taxes
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4,168
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1,469
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(2,349)
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15,044
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Less: income tax expense (benefit)
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1,729
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822
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(872)
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38,589
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Net income (loss)
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$
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2,439
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$
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647
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$
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(1,477)
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$
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(23,545)
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Earnings (loss) per share: (1)
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Basic
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$
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0.11
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$
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0.03
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$
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(0.07)
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$
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(1.05)
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Diluted
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$
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0.11
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$
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0.03
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$
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(0.07)
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$
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(1.05)
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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
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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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(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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