Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Financial Information (Unaudited) (Tables)

v3.20.1
Selected Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2019
Selected Quarterly Financial Information (Unaudited) [Abstract]  
Schedule of Quarterly Financial Information

2019

First

  

Second

  

Third

  

Fourth

  

(in thousands, except per share data)

Quarter

  

Quarter

  

Quarter

  

Quarter

  

Year

Total revenue (1)

$

165,652

  

$

192,223

  

$

202,649

  

$

179,718

  

$

740,242

Total operating expenses (1)

143,480

  

202,232

  

172,296

  

163,970

  

681,978

Income (loss) before non-controlling interest

and provision for income taxes

22,172

  

(10,009)

  

30,353

  

15,748

  

58,264

Net income (loss)

15,153

  

(11,183)

  

20,327

  

10,554

  

34,851

Basic and diluted earnings (loss) per share

$

0.21

  

$

(0.15)

  

$

0.27

  

$

0.14

  

$

0.47

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

(1)During the fourth quarter of 2019, the prior 2019 quarterly revenue and operating expense amounts were reclassified for consistency to conform to the fourth quarter 2019 presentation.