| Selected Quarterly Financial Information |
16. Selected Quarterly Financial Information (unaudited)
The following table sets forth the historical unaudited quarterly financial data for the periods indicated. The information for each of these periods has been prepared on the same basis as the audited consolidated financial statements and, in our opinion, reflects all adjustments necessary to present fairly our financial results. Operating results for previous periods do not necessarily indicate results that may be achieved in any future period.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2017
|
|
|
|
First
|
|
Second
|
|
Third
|
|
Fourth
|
|
|
|
|
|
Quarter
|
|
Quarter
|
|
Quarter
|
|
Quarter
|
|
Year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenues
|
|
$
|
148,118
|
|
$
|
172,536
|
|
$
|
180,226
|
|
$
|
167,178
|
|
$
|
668,058
|
|
Total operating expenses
|
|
|
117,297
|
|
|
131,124
|
|
|
146,160
|
|
|
138,141
|
|
|
532,722
|
|
Income before income taxes
|
|
|
30,820
|
|
|
41,413
|
|
|
34,066
|
|
|
29,037
|
|
|
135,336
|
|
Net income
|
|
|
17,487
|
|
|
23,134
|
|
|
18,436
|
|
|
66,469
|
|
|
125,526
|
|
Basic and diluted earnings per share (1)
|
|
$
|
0.26
|
|
$
|
0.33
|
|
$
|
0.26
|
|
$
|
0.91
|
|
$
|
1.76
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2016
|
|
|
|
First
|
|
Second
|
|
Third
|
|
Fourth
|
|
|
|
|
|
Quarter
|
|
Quarter
|
|
Quarter
|
|
Quarter
|
|
Year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenues
|
|
$
|
144,202
|
|
$
|
170,975
|
|
$
|
181,144
|
|
$
|
166,332
|
|
$
|
662,653
|
|
Total operating expenses
|
|
|
116,772
|
|
|
149,981
|
|
|
142,266
|
|
|
128,686
|
|
|
537,705
|
|
Income before income taxes
|
|
|
27,430
|
|
|
20,994
|
|
|
38,878
|
|
|
37,646
|
|
|
124,948
|
|
Net income
|
|
|
15,646
|
|
|
11,101
|
|
|
22,636
|
|
|
25,568
|
|
|
74,951
|
|
Basic and diluted earnings per share (1)
|
|
$
|
0.22
|
|
$
|
0.16
|
|
$
|
0.32
|
|
$
|
0.36
|
|
$
|
1.06
|
|
(1)
|
|
The calculation of basic and diluted earnings per share were based on shares issued in connection with our initial public offering during November 2017 and give effect to the stock split effected in connection therein as if the stock split was effected January 1, 2016. See Note 1: Organization and Note 15: Earnings Per Share for further discussion.
|
|