Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Financial Information

v3.10.0.1
Selected Quarterly Financial Information
12 Months Ended
Dec. 31, 2018
Selected Quarterly Financial Information [Abstract]  
Selected Quarterly Financial Information



18.  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.





 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 



 

2018



 

First

  

Second

  

Third

  

Fourth

  

 

(in thousands, except per share data)

 

Quarter

  

Quarter

  

Quarter

  

Quarter

  

Year

Total revenue

 

$

167,522 

  

$

194,937 

  

$

202,205 

  

$

173,656 

  

$

738,320 

Total operating expenses

 

 

136,739 

  

 

155,557 

  

 

169,689 

  

 

147,442 

  

 

609,427 

Income before non-controlling interest and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

provision for income taxes

 

 

30,783 

  

 

39,380 

  

 

32,516 

  

 

26,214 

  

 

128,893 

Net income

 

 

20,975 

  

 

26,710 

  

 

20,488 

  

 

19,789 

  

 

87,962 

Basic and diluted earnings per share

 

$

0.28 

  

$

0.36 

  

$

0.27 

  

$

0.27 

  

$

1.18 







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

2017



 

First

  

Second

  

Third

  

Fourth

  

 

(in thousands, except per share data)

 

Quarter

  

Quarter

  

Quarter

  

Quarter

  

Year

Total revenue

 

$

162,567 

  

$

187,383 

  

$

195,209 

  

$

177,893 

  

$

723,052 

Total operating expenses

 

 

131,660 

  

 

144,581 

  

 

160,834 

  

 

148,979 

  

 

586,054 

Income before non-controlling interest and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

provision for income taxes

 

 

30,907 

  

 

42,802 

  

 

34,375 

  

 

28,914 

  

 

136,998 

Net income

 

 

17,649 

  

 

23,990 

  

 

18,540 

  

 

66,404 

  

 

126,583 

Basic and diluted earnings per share (1)

 

$

0.25 

  

$

0.34 

  

$

0.26 

  

$

0.92 

  

$

1.77 



(1)

The number of shares outstanding for purposes of calculating basic and diluted earnings per share reflects the stock split effected in connection with our initial public offering as if the stock split was effected on January 1, 2016. See Note 1: Organization and Note 17: Earnings Per Share for further discussion.